Capitol Federal

Capitol Federal offers fixed rate (the interest rate stays the same for the life of the loan) mortgages with 10,15, 20, 25, and 30 year terms.  Adjustable rate mortgages are also offered.  In this type of loan the interest rate stays fixed for a certain term and then returns to the market rate.  These are offered in 3, 5, or 7 year fixed interest terms.  Capitol Federal also offers an adjustable rate mortgage with 5 or 7 year fixed rate which is interest only for the first 10 years. 

Capitol Federal Home At Last Program

Their Home-at-Last mortgage is for those who thought they couldn’t qualify for a loan.  It features low or no down, reduced closing costs, quick loan decisions and no origination fees.  The loan has no minimum, but the property must be within one of Capitol Federal’s specified areas.  Capitol Federal is committed to the residential mortgage business and will work closely with the consumer to find the perfect funding fit.          

Capital Federal History

Capital Federal Financial’s history start in December of 1893 as the Saving and Loan Association of Topeka.  By 1899 its assets totaled $229,536, a large amount for the times.  A change in banking regulations caused a name  change to Capitol Building and Loan Association.  By the time of its silver anniversary in 1918, Capitol Building and Loan Association had assets totaling $3,000,000.  The Association grew to $12 million just before the Great Depression, but by 1933 assets had sunk to only $10 million.   In 1932 Capitol Building and Loan Joined the Federal Home Loan Bank System.  Another name change to Capitol Federal Savings and Loan came in 1938.  

After the Depression Capitol Federal’s assets were under $6 million.  They named one Henry A. Bubb as President of the Association.  After WWII, an age of prosperity hit’s the US and Capitol Federal’s assets grow to $19.5 million by 1950.  Henry Bubb had a vision for the future and began to opening smaller branch offices around Kansas.  By 1958 Capitol Federal’s assets had reached $100 million.  In 1962 Capitol Federal opens its 95th branch in Kansas and by 1969 Capitol Federal was a computerized half billion dollar giant.  In the 70’s Capitol Federal was the second saving and loan in the country to use the MoneyMatic  (an early form of the ATM) and achieved the billion dollar asset mark.  In 1989 innovative Chairman and President Henry A. Bubb passes away.  

Capital Federal was always a driving force in Kansas and the Kansas Governor declares December 16, 1993 “Capitol Federal Day” in honor of its 100th anniversary.   Capital Federal wanted to help low income families qualify for home loans and so introduces its Home-at-Last mortgage program in 1994.  Capitol Federal begins opening branches in Target Department Stores.  In 1998 Capitol Federal moved its headquarters to Wichita, Kansas and in 2000 Capitol Federal Became a publicly traded company.

John B. Dicus is the President and Chief Executive Officer ;  John C. Dicus is a Director;  R. Joe Aleshire is the Executive Vice President;  and Kent G. Townsend is the Chief Financial Officer of Capitol Federal.  Their full time employees total 602.  Capitol Federal had a pretax loss of $169 million for 2005.  They hold assets of $8541million.   Capital Federal purchases one to four family residential mortgages from nationwide lenders in the Kansas City and Wichita market areas. “Capitol Federal remains the leading residential mortgage lender in the state of Kansas.  Capitol Federal’s commitment to single-family mortgage lending that allows the Bank to continue its excellent earnings, thus providing a strong stock performance,” says John Dicus.

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