CapWest Home Loans

CapWest Home Loans is the internet division of City Bank, a banking corporation with more than $2.5 billion in assets that has been operating since 1941. The company is headquartered in Leawood, Kansas, and operates as a banking corporation specializing in financial services. They are active in all states except Alaska, Delaware, Maine, Maryland, New York, Rhode Island, and Wyoming.

The company's website states that they help clients across the country, from South Beach to San Francisco, by providing mortgage lending and indirect lending services. They approve and close loans in-house to maintain greater control over transactions and fund loans other lenders might deny. Their goal is to keep expenses low by automating processes to pass savings to clients in the form of lower rates and fees.

CapWest Home Loans offers a variety of mortgage options including conventional mortgages, FHA loans, VA loans for veterans, and USDA mortgages for rural areas. They also provide services for pulling equity out of an existing home, refinancing current loans, and financing new homes. The company notes that while great credit is not strictly required, having a good credit score provides advantages like better flexibility and potentially lower payments.

According to the company's website, clients may qualify for a mortgage with as little as 3% down payment. They explain that while a larger down payment reduces interest and avoids mortgage insurance premiums, a smaller one is possible. The process allows clients to securely submit documents online and track their loan status 24/7 through their digital platform.

To receive a gift for a down payment, the donor must write a letter including their name, address, phone number, relationship to the borrower, exact amount, date, a statement of no repayment expectation, and their signature. The letter must also include the address of the property to be purchased, though additional evidence like bank statements may be required for FHA loans.

The company's mobile experience is built around the user, allowing them to manage their mortgage experience in the palm of their hand whether on a train or waiting for a flight. They have invested in sophisticated technology to let clients securely submit documents online and see loan status updates at any time. This technology aims to ensure the loan process is not inconvenient for the client.

CapWest Home Loans is the internet division of City Bank, which has been providing banking services such as trust, insurance, investments, and private banking since 1941. The company has grown tremendously over its history and now operates with a focus on entrepreneurial investment in technology. They work hard to find opportunities to give clients a great experience through their skilled professionals.

The company's NMLS number is 439822, and they are registered as City Bank DBA CapWest Home Loans. Their contact information includes the phone number 8662809378, and they have a contact form on their website for various topics like credit reports, home equity rates, and loan status. They also have specific policies regarding telemarketing calls for those who submit contact requests.

Recent reviews on Trustburn show a 4.1 out of 5 rating from 12 reviews, with the most recent activity occurring in September 2023. Reviewers frequently praise the staff for being friendly, knowledgeable, and helpful, while noting the process was efficient and stress-free. Some reviewers specifically mentioned getting a great rate and saving a substantial amount of money every month after refinancing.

The company states that they are active in all states except Alaska, Delaware, Maine, Maryland, New York, Rhode Island, and Wyoming. Their physical address is located at 6330 Sprint Pkwy Ste 450 in Leawood, Kansas. They also provide a digital privacy policy and terms and conditions on their website for clients to review.

Clients can choose between a 15-year mortgage with a higher monthly payment but a more favorable interest rate, or a 30-year term loan depending on their budget. The loan term chosen depends on the client's desire for the best interest rate versus their monthly payment capacity. They recommend reaching out to a Mortgage Loan Officer to help find the best fit for individual needs.

The official website of CapWest Home Loans is gocapwest.com.

On Trustburn, CapWest Home Loans has a rating of 4.1 out of 5 based on 12 reviews.