Capital at a glance, 2025
Every figure is from the lender's own HMDA filing. "vs national" compares with all lenders combined.
How the C grade breaks down
Each component is a percentile rank among 1,883 small mortgage lenders. Higher is better. Components the lender does not report are left out and the weights redistributed.
Approval oddsdecision denial rate, weight 45%
73rd4.9% deniedPricingmedian rate spread over APOR, weight 30%
23rd0.62 ptsProcesswithdrawn + incomplete share, weight 15%
28th17.0%Closing coststotal loan costs ÷ loan amount, weight 10%
7th4.51% of loanTrend, 2023–2025
| Year | Applications | Originated | Denial rate | Decision denial | Median rate | Volume |
|---|---|---|---|---|---|---|
| 2023 | 702 | 541 | 2.0% | 2.5% | 6.74% | $93M |
| 2024 | 680 | 541 | 2.9% | 3.6% | 7.25% | $113M |
| 2025 | 708 | 559 | 4.1% | 4.9% | 7.00% | $124M |
What Capital lends
Applications by purpose and loan type in 2025, with the denial rate for each. A lender's mix explains a lot of its headline rate: HELOCs and FHA loans are denied far more often than conventional purchase loans.
By loan purpose
By loan type
Also: 337 home-equity lines, 0 reverse mortgages, 21 manufactured homes, 66 investment properties.
Why Capital denies applications
Primary reason reported for each of the 29 denials in 2025. Lenders can cite up to four reasons; this is the first one listed.
Who gets approved at Capital
Decision denial rate by applicant profile. Groups with fewer than 20 applications are omitted.
| Applicant income | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under $50k | 51 | 26 | 18.8% |
| $50k – $100k | 220 | 169 | 6.6% |
| $100k – $150k | 183 | 155 | 2.5% |
| $150k – $250k | 143 | 122 | 3.2% |
| Over $250k | 37 | 30 | 0.0% |
| Applicant age | Applications | Originated | Decision denial rate |
|---|---|---|---|
| Under 25 | 38 | 32 | 3.0% |
| 25–34 | 136 | 114 | 2.6% |
| 35–44 | 177 | 133 | 6.3% |
| 45–54 | 126 | 100 | 8.3% |
| 55–64 | 91 | 72 | 1.4% |
| 65–74 | 58 | 46 | 6.1% |
| Over 74 | 22 | 17 | 0.0% |
Where Capital lends
12 states and 48 counties in 2025. Click a state for the lender's full record there.
| State | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| North Dakota | 646 | 516 | 3.7% | 7.00% | #7 |
| Minnesota | 46 | 35 | 4.4% | 6.75% | #309 |
Frequently asked questions
Capital denied 4.9% of the applications it decided on in 2025. The national figure across all lenders was 22.6%. On approval odds it ranks in the 73rd percentile of small mortgage lenders.
The most common reason Capital gave in 2025 was "debt-to-income ratio", cited on 44.8% of its denials. Lenders report up to four reasons per denial to the CFPB; the full breakdown is on this page.
The median interest rate on loans Capital originated in 2025 was 7.00%, and its median rate spread over the average prime offer rate was 0.62 points. Rates on this page are what borrowers actually got, not advertised rates.
In 2025, 41% of its applications were for home purchases, 16% for refinancing (including cash-out), and 43% for home improvement or other purposes. By loan type: 92% conventional, 7% FHA, 1% VA.
Every figure on this page comes from the Home Mortgage Disclosure Act (HMDA) Loan/Application Register published by the CFPB, which lenders are required by federal law to file. We add the grade and the comparisons; we do not add facts.