Is Capital City Bank An Expensive Mortgage Lender?

We compare mortgage interest rate and loan related closing costs at Capital City Bank with other lenders for mortgages with similar borrower characteristics:

Interest Rate: similar to average (+0.00%)
Loan Related Closing Costs: lower than average (-$976)
Assessment: this lender tends to be a cheap lender.

This scoreboard is based on data reported to FFIEC. In the data, Capital City Bank originated 1467 mortgages, a national market share of 0.0%. It was most active in FL (0.3% market share), GA (0.1% market share), and AL (0.0% market share).

On average, Capital City Bank’s interest rates were similar to those of comparable mortgages at other lenders (+0.00%).1The comparable mortgages control for Capital City Bank’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages. Its average total loan related closing cost was $3173, which was lower than those of comparable mortgages at $4149, with a difference of -$976. Overall, we estimate that Capital City Bank tends to be an cheap lender, with a cost-adjusted-rate difference of -0.09% compared to comparable mortgages at other lenders.2Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate. Nevertheless, we recommend comparing your rate and fees with at least a few other lenders before signing with Capital City Bank.

Capital City Bank originated Conforming, FHA, USDA and VA mortgages for new home purchases. It also originated Conforming mortgages for refinances. We breakdown its interest rate and total loan related closing cost on by each of the mortgage types it originated below:

Home Purchase Mortgages from Capital City Bank compared to other lenders

Conforming FHA USDA VA
Interest Rate Difference +0.05% -0.18% -0.13% -0.13%
Loan related Closing Cost Difference -$1106 -$994 -$769 -$677
Cost Adjusted Rate Difference -0.04% -0.30% -0.25% -0.18%

Based on the table above, Capital City Bank is cheap for FHA, USDA and VA purchase mortgages. It is similar to other lenders for Conforming purchase mortgages.

Mortgage Refinancing from Capital City Bank compared to other lenders

Conforming
Interest Rate Difference +0.09%
Loan Related Closing Cost Difference -$350
Cost Adjusted Rate Difference +0.05%

Based on the table above, Capital City Bank is more expensive than other lenders for Conforming mortgage refinance.

Other information about Capital City Bank:

Regulator: Federal Reserve System (FRS) 
Top holder: CAPITAL CITY BANK GROUP, INC.
Registered city and state: TALLAHASSEE, FL, 32304
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Footnotes   [ + ]

1. The comparable mortgages control for Capital City Bank’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and county. Interest rate and loan related closing costs are estimated based on fixed rate mortgages only, whereas market shares include all purchase or refinance mortgages.
2. Cost adjusted rates were computed based on each percent of the loan amount in loan related closing costs being worth 1/6 of a percentage point in interest rate.