No Closing Cost Mortgage
We're offering No Closing Costs to First-Time Homebuyers!
Don't stress out about financing your new home. Capital Bank is now offering No Closing Cost Mortgages.
- All non-personal third party fees are paid
- Flexible term options with fixed rates for 10-30 years
- Get a discount of 0.125% off the interest rate with Auto Pay from a Capital Bank checking or savings account
For more information please call us at (518) 430-2832 x 8002 or toll-free at (800) 836-3711 extension 8002 and ask to speak to a Mortgage Specialist.
All loans subject to credit approval. No closing costs means no: origination fees/points, application fees, flood-check fees, credit-report fees, appraisal fees, mortgage-recording fees or title search fees, lender title insurance fees, bank-attorney fees and mortgage-recording tax. At least one borrower on the loan application must be a first-time homebuyer, defined as not having an ownership interest (joint or single) in a residential property during the three years prior to the new purchase date. Valid on owner-occupied, 1-2 family residential properties only. Double-wide manufactured homes are not eligible. Private Mortgage Insurance (PMI) is required on loans with less than 20% down payment. You will be required to reimburse the Bank fees paid to third parties that were waived as part of the no-closing cost mortgage if it is closed or discharged within the first three (3) years after the opening date. The Bank will not pay for a survey, nor any other item that is ordinarily paid for by the seller. Exisiting homes only (no construction mortgages).