C & F Mortgage Corporation Rates, Fees & Info
WEST POINT, VALEI: 549300BWFA5UY7H4WJ62
Tax ID: 54-1773964
2021 Data | 2020 Data | 2019 Data | 2018 Data
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Mortgage Data
Overview
C & F Mortgage Corporation is a small mortgage company specializing in Home Purchase and Refi loans. C & F Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets include Richmond, Virginia Beach, Washington, Staunton, and California among others. C & F Mortgage Corporation has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. C & F Mortgage Corporation is typically an average fee lendor.Originations
5,276Origination Dollar Volume (All Markets)
$1,367,190,000Relative Rate
C & F Mortgage Corporation's average 30 year fixed rate mortgage of loans were
3.07%.
The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.
This yields a difference of -0.08%.
Relative Fees
C & F Mortgage Corporation's average total fees for a 30 year fixed rate
mortgage are $4,818.
The average total origination fees for 30 year fixed rate mortgages (for all loan values, including
both points & up-front fees in addition to origination fees) are $4,750.
Top Markets
Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
RICHMOND, VA (FHA|USDA|VA) | 2,409 | $640,005,000 | $265,672 | $4,224 | 3.05% |
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 631 | $169,915,000 | $269,279 | $4,853 | 2.99% |
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 486 | $154,330,000 | $317,551 | $6,593 | 3.01% |
Outside of Metro Areas | 405 | $90,635,000 | $223,790 | $4,683 | 3.09% |
STAUNTON, VA (FHA|USDA|VA) | 371 | $72,345,000 | $195,000 | $4,256 | 3.08% |
CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 167 | $50,405,000 | $301,826 | $7,284 | 2.94% |
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 168 | $40,780,000 | $242,738 | $3,724 | 3.01% |
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 107 | $34,535,000 | $322,757 | $6,386 | 3.00% |
CHARLOTTESVILLE, VA (FHA|USDA|VA) | 98 | $28,040,000 | $286,122 | $4,112 | 2.98% |
HARRISONBURG, VA (FHA|USDA|VA) | 100 | $20,000,000 | $200,000 | $4,147 | 2.98% |
CUMBERLAND, MD-WV (FHA|USDA|VA) | 135 | $19,895,000 | $147,370 | $4,356 | 2.99% |
Kill Devil Hills, NC (FHA|USDA|VA) | 26 | $9,980,000 | $383,846 | $4,532 | 3.13% |
LYNCHBURG, VA (FHA|USDA|VA) | 32 | $5,750,000 | $179,688 | $3,877 | 3.04% |
Elizabeth City, NC (FHA|USDA|VA) | 16 | $3,480,000 | $217,500 | $4,379 | 2.89% |
WILMINGTON, NC (FHA|USDA|VA) | 9 | $2,405,000 | $267,222 | $2,924 | 3.00% |
SALISBURY, MD-DE (FHA|USDA|VA) | 11 | $2,375,000 | $215,909 | $4,163 | 3.00% |
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 10 | $2,240,000 | $224,000 | $3,607 | 2.91% |
RALEIGH-CARY, NC (FHA|USDA|VA) | 6 | $1,820,000 | $303,333 | $4,732 | 3.13% |
ROANOKE, VA (FHA|USDA|VA) | 9 | $1,795,000 | $199,444 | $3,390 | 3.04% |
WINCHESTER, VA-WV (FHA|USDA|VA) | 7 | $1,565,000 | $223,571 | $4,087 | 3.18% |
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 10 | $1,550,000 | $155,000 | $3,273 | 2.98% |
Roanoke Rapids, NC (FHA|USDA|VA) | 4 | $1,320,000 | $330,000 | $3,663 | 3.19% |
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 7 | $1,225,000 | $175,000 | $4,611 | 2.79% |
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 5 | $1,205,000 | $241,000 | $4,162 | 3.06% |
Morehead City, NC (FHA|USDA|VA) | 2 | $1,140,000 | $570,000 | $3,846 | 3.38% |
Shelby, NC (FHA|USDA|VA) | 6 | $1,070,000 | $178,333 | $4,306 | 3.23% |
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 3 | $925,000 | $308,333 | $6,025 | 2.58% |
MORGANTOWN, WV (FHA|USDA|VA) | 4 | $640,000 | $160,000 | $4,527 | 3.09% |
DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 3 | $575,000 | $191,667 | $2,630 | 3.17% |
Easton, MD (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $7,326 | 2.94% |
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $4,366 | 3.25% |
NEW BERN, NC (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $7,910 | 3.38% |
PITTSBURGH, PA (FHA|USDA|VA) | 3 | $355,000 | $118,333 | $3,613 | 3.17% |
Boone, NC (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $3,807 | 3.25% |
SCRANTON--WILKES-BARRE, PA (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,095 | 2.38% |
GOLDSBORO, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $8,887 | 2.38% |
Henderson, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $3,277 | 2.75% |
Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $4,647 | 2.38% |
BURLINGTON, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,186 | 2.88% |
ALTOONA, PA (FHA|USDA|VA) | 2 | $220,000 | $110,000 | $3,248 | 3.00% |
COLUMBIA, SC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,631 | 3.75% |
Wilson, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $3,278 | 3.00% |
Sanford, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $2,211 | 3.13% |
CHAMBERSBURG-WAYNESBORO, PA (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,191 | 3.50% |
Martinsville, VA (FHA|USDA|VA) | 2 | $170,000 | $85,000 | $4,258 | 3.06% |
DOVER, DE (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $4,206 | 3.00% |
Albemarle, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,572 | 2.63% |
GREENVILLE, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,139 | 3.13% |
JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
Bluefield, WV-VA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,672 | 3.25% |
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,231 | 2.38% |
BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
C & F Mortgage Corporation's top markets include Richmond, Virginia Beach, Washington, Staunton, and California among others.
Product Mix
Loan Type | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Conventional | 3,748 | $948,630,000 | $253,103 | $3,357 | 3.06% |
FHA | 810 | $201,290,000 | $248,506 | $8,026 | 3.04% |
VA | 391 | $144,305,000 | $369,066 | $8,471 | 2.86% |
USDA | 327 | $72,965,000 | $223,135 | $5,976 | 2.90% |
For the 2021 period, C & F Mortgage Corporation's most frequently originated loan type of loans were Conventional, with 3,748 originations. Their 2nd most popular type is FHA, with 810 originations.
Loan Reason
Loan Reason | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
Home Purchase | 3,224 | $858,600,000 | $266,315 | $5,247 | 3.07% |
Refi | 1,325 | $330,875,000 | $249,717 | $3,428 | 2.89% |
Cash Out Refi | 727 | $177,715,000 | $244,450 | $4,299 | 3.14% |
For the 2021, C & F Mortgage Corporation's most frequently cited loan purpose of loans were Home Purchase, with 3,224 originations. The 2nd most popular reason of loans were Refi, with 1,325 originations.
Loan Duration/Length
Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
30 Year | 4,831 | $1,263,395,000 | $261,518 | $4,818 | 3.07% |
15 Year | 300 | $64,780,000 | $215,933 | $3,036 | 2.56% |
20 Year | 98 | $25,090,000 | $256,020 | $3,258 | 2.92% |
Other | 27 | $10,625,000 | $393,519 | $3,466 | 3.09% |
10 Year | 20 | $3,300,000 | $165,000 | $3,354 | 2.49% |
For the 2021, C & F Mortgage Corporation's most frequently cited loan length of loans were 30 Year, with 4,831 originations. The 2nd most popular length of loans were 15 Year, with 300 originations.
Origination Fees
Origination Fee | Originations | Total Value | Average Loan |
---|---|---|---|
$1k-2k | 3,639 | $974,805,000 | $267,877 |
$<1k | 890 | $192,030,000 | $215,764 |
$2k-3k | 260 | $75,810,000 | $291,577 |
$3k-4k | 177 | $52,495,000 | $296,582 |
$5k+ | 71 | $28,335,000 | $399,085 |
$4,818 of loans were C & F Mortgage Corporation's average total fees, while their most frequently occuring range of origination fees were in the $1k-2k bucket, with 3,639 originations.
Interest Rates
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
3-4% | 2,365 | $594,245,000 | $251,266 |
2.5-3% | 2,222 | $612,910,000 | $275,837 |
<2.5% | 439 | $113,985,000 | $259,647 |
4-5% | 13 | $2,695,000 | $207,308 |
During 2021, C & F Mortgage Corporation's average interest rate of loans were 3.07%, while their most frequently originated rate bucket of loans were 3-4%, with 2,365 originations.
Loan Sizing
Loan Size | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
$200k-400k | 2,857 | $805,665,000 | $281,997 | $5,098 | 3.03% |
$100k-200k | 1,374 | $218,110,000 | $158,741 | $3,878 | 3.00% |
$400k-600k | 622 | $297,760,000 | $478,714 | $5,990 | 3.01% |
$100,000 or less | 379 | $12,965,000 | $34,208 | $1,185 | 3.24% |
$600k-1MM | 41 | $29,325,000 | $715,244 | $10,614 | 2.86% |
$1MM+ | 3 | $3,365,000 | $1,121,667 | $6,335 | 3.50% |
2021 saw C & F Mortgage Corporation place emphasis on $200k-400k loans with 2,857 originations, totaling $805,665,000 in origination value.
Applicant Income
Applicant Income | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
$50k-75k | 1,442 | $306,400,000 | $212,483 | $4,556 | 3.07% |
$100k-150k | 1,067 | $338,595,000 | $317,334 | $5,068 | 3.02% |
$75k-100k | 1,001 | $263,305,000 | $263,042 | $5,098 | 3.06% |
$50k or less | 905 | $140,095,000 | $154,801 | $4,017 | 3.07% |
$150k-250k | 563 | $211,505,000 | $375,675 | $4,846 | 2.98% |
$250k+ | 167 | $68,035,000 | $407,395 | $4,723 | 2.92% |
C & F Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,442 originations. The second most popular income band? $100k-150k, with 1,067 originations.
Applicant Debt to Income Ratio
DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
20-30% | 1,113 | $291,485,000 | $261,891 | $4,042 | 3.00% |
30-36% | 1,043 | $268,325,000 | $257,263 | $4,600 | 3.07% |
<20% | 431 | $110,895,000 | $257,297 | $3,493 | 2.91% |
44% | 270 | $62,860,000 | $232,815 | $4,899 | 3.12% |
39% | 229 | $61,595,000 | $268,974 | $5,092 | 3.11% |
41% | 225 | $52,655,000 | $234,022 | $4,570 | 3.09% |
40% | 221 | $54,375,000 | $246,041 | $4,800 | 3.10% |
42% | 219 | $53,525,000 | $244,406 | $4,812 | 3.07% |
43% | 219 | $50,775,000 | $231,849 | $4,731 | 3.07% |
38% | 202 | $52,910,000 | $261,931 | $4,573 | 3.11% |
36% | 200 | $50,310,000 | $251,550 | $4,413 | 3.06% |
37% | 196 | $55,420,000 | $282,755 | $5,310 | 3.04% |
45% | 121 | $35,185,000 | $290,785 | $5,641 | 3.02% |
50-60% | 116 | $34,380,000 | $296,379 | $8,795 | 2.93% |
47% | 107 | $30,125,000 | $281,542 | $5,814 | 2.99% |
48% | 105 | $28,795,000 | $274,238 | $5,561 | 3.01% |
49% | 99 | $27,145,000 | $274,192 | $5,683 | 2.97% |
46% | 96 | $26,800,000 | $279,167 | $6,052 | 3.01% |
>60% | 3 | $825,000 | $275,000 | $3,289 | 2.88% |
C & F Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 1,113 originations. The next most common DTI ratio? 30-36%, with 1,043 originations.
Ethnicity Mix
Applicant Ethnicity | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
White | 4,138 | $1,071,710,000 | $258,992 | $4,511 | 3.02% |
Black | 568 | $132,740,000 | $233,697 | $5,571 | 3.14% |
Not provided | 421 | $118,445,000 | $281,342 | $4,979 | 3.00% |
Asian | 101 | $31,335,000 | $310,248 | $4,639 | 2.99% |
American Indian | 37 | $10,105,000 | $273,108 | $5,657 | 3.02% |
Native Hawaiian | 6 | $1,240,000 | $206,667 | $3,208 | 3.15% |
Asian Indian | 1 | $515,000 | $515,000 | $3,756 | 3.38% |
Other Pacific Islander | 2 | $510,000 | $255,000 | $2,865 | 2.88% |
Filipino | 1 | $375,000 | $375,000 | $3,478 | 2.63% |
Korean | 1 | $215,000 | $215,000 | $2,845 | 3.00% |
Approval Rates
Total approvals of all applications98.54%
C & F Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination85.76%
C & F Mortgage Corporation has an average pick rate.
Points and Fees
Points | Originations | Total Value | Average Loan |
---|---|---|---|
NA | 5,276 | $1,367,190,000 | $259,134 |
Occupancy Type Mix
Dwelling Type | Originations | Total Value | Average Loan |
---|---|---|---|
5,276 | $1,367,190,000 | $259,134 |
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan | Average Fees | Average Rate |
---|---|---|---|---|---|
20-40% | 131 | $22,205,000 | $169,504 | $2,991 | 2.77% |
40-60% | 482 | $106,740,000 | $221,452 | $3,234 | 2.86% |
60-80% | 1,691 | $452,125,000 | $267,371 | $3,670 | 3.06% |
80-100% | 2,569 | $730,815,000 | $284,475 | $5,733 | 3.04% |
Over 100% | 83 | $32,415,000 | $390,542 | $14,717 | 2.91% |
Under 20% | 250 | $2,670,000 | $10,680 | $293 | 3.34% |