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)
$1,367,190,000Awards
C & F Mortgage Corporation - 2021
C & F Mortgage Corporation is a 2021 , due to their low .
For 2021, less than of lenders were eligible for this award.
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Relative 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% |
