C & F Mortgage Corporation Rates, Fees & Info
WEST POINT, VALEI: 549300BWFA5UY7H4WJ62
Tax ID: 54-1773964
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Mortgage Data
Review & Overview
C & F Mortgage Corporation is a smaller mortgage company specializing in Home Purchase loans. C & F Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Richmond, Virginia Beach, Staunton, Washington, and Charlotte among others. We have data for 44 markets. (Some data included below & more in-depth data is available with an active subscription.)C & F Mortgage Corporation has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. C & F Mortgage Corporation is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.
SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.76% | 11/21/24 |
| 30 Year Conventional Refi | 6.69% | 11/21/24 |
| 30 Year Cash-out Refi | 6.81% | 11/21/24 |
| 30 Year FHA Purchase | 7.57% | 11/21/24 |
| 30 Year FHA Refi | 7.44% | 11/21/24 |
| 30 Year VA Purchase | 6.58% | 11/21/24 |
| 30 Year VA Refi | 6.02% | 11/21/24 |
| 30 Year USDA Purchase | 6.99% | 11/21/24 |
| 15 Year Conventional Purchase | 6.10% | 11/21/24 |
| 15 Year Conventional Refi | 6.13% | 11/21/24 |
| 15 Year Cash-out Refi | 6.13% | 11/21/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
C & F Mortgage Corporation Mortgage Calculator
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This is not an official calculator from C & F Mortgage Corporation. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
1,519Origination Dollar Volume (All Markets)
$447,615,000Awards
C & F Mortgage Corporation - 2023
C & F Mortgage Corporation is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
C & F Mortgage Corporation's average 30 year fixed mortgage rate was
6.78%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.3%.
Relative Fees (Closing Costs)
C & F Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,460.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| RICHMOND, VA (FHA|USDA|VA) | 767 | $238,645,000 | $311,141 | $7,349 | 6.72% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 213 | $70,015,000 | $328,709 | $9,005 | 6.73% |
| Outside of Metro Areas | 148 | $40,680,000 | $274,865 | $7,822 | 6.76% |
| STAUNTON, VA (FHA|USDA|VA) | 89 | $18,835,000 | $211,629 | $5,741 | 6.98% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 45 | $16,145,000 | $358,778 | $10,198 | 6.68% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 45 | $11,055,000 | $245,667 | $5,100 | 6.72% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 29 | $8,355,000 | $288,103 | $6,834 | 6.80% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 31 | $8,275,000 | $266,935 | $8,256 | 6.37% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 52 | $7,940,000 | $152,692 | $6,212 | 6.56% |
| ROANOKE, VA (FHA|USDA|VA) | 12 | $4,050,000 | $337,500 | $6,470 | 6.98% |
| HARRISONBURG, VA (FHA|USDA|VA) | 17 | $3,655,000 | $215,000 | $5,771 | 6.89% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 12 | $2,680,000 | $223,333 | $7,424 | 6.68% |
| LYNCHBURG, VA (FHA|USDA|VA) | 4 | $1,990,000 | $497,500 | $9,742 | 6.50% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 6 | $1,330,000 | $221,667 | $3,824 | 6.69% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 3 | $1,265,000 | $421,667 | $6,378 | 6.54% |
| Shelby, NC (FHA|USDA|VA) | 3 | $1,205,000 | $401,667 | $5,298 | 7.13% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 3 | $1,145,000 | $381,667 | $8,971 | 6.42% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $6,020 | 6.25% |
| Elizabeth City, NC (FHA|USDA|VA) | 3 | $835,000 | $278,333 | $9,807 | 7.33% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $710,000 | $355,000 | $7,250 | 6.81% |
| Tullahoma-Manchester, TN (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $8,389 | 6.58% |
| DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) | 2 | $610,000 | $305,000 | $12,292 | 6.56% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 3 | $555,000 | $185,000 | $5,269 | 6.38% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,646 | 7.13% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 2 | $490,000 | $245,000 | $3,573 | 6.81% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $7,096 | 6.88% |
| North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $9,375 | 6.50% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $13,210 | 6.25% |
| Martinsville, VA (FHA|USDA|VA) | 2 | $370,000 | $185,000 | $8,852 | 6.88% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $15,104 | 5.50% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $17,379 | 6.88% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $12,161 | 7.00% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $6,791 | 7.13% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,491 | 7.38% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $7,429 | 7.13% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $6,141 | 7.38% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,642 | 6.63% |
| FLORENCE, SC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $3,885 | 6.63% |
| FAYETTEVILLE, NC (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $8,176 | 6.50% |
| BECKLEY, WV (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,554 | 6.63% |
| MORGANTOWN, WV (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $7,785 | 6.75% |
| Laurinburg, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $6,270 | 7.63% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $5,457 | 6.63% |
| Clarksburg, WV (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,027 | 5.63% |
Similar Lenders
We use machine learning to identify the top lenders compared against C & F Mortgage Corporation based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2023, C & F Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,045 originations. Their 2nd most popular type was FHA, with 327 originations.
Loan Reason
For 2023, C & F Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,348 originations. The 2nd most popular reason was Refi, with 109 originations.
Loan Duration/Length
For 2023, C & F Mortgage Corporation's most frequently cited loan duration was 30 Year, with 1,391 originations. The 2nd most popular length was Other, with 111 originations.
Origination Fees/Closing Costs
C & F Mortgage Corporation's average total fees were $7,460, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 403 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 912 | $273,870,000 | $300,296 |
| 7-8% | 443 | $122,205,000 | $275,858 |
| 5-6% | 148 | $44,220,000 | $298,784 |
| 4-5% | 10 | $5,020,000 | $502,000 |
| Over 8% | 6 | $2,300,000 | $383,333 |
During 2023, C & F Mortgage Corporation's average interest rate for loans was 6.78%, while their most frequently originated rate bucket for loans was 6-7%, with 912 originations.
Loan Sizing
2023 saw C & F Mortgage Corporation place emphasis on $200k-400k loans with 804 originations, totaling $230,620,000 in origination value.
Applicant Income
C & F Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 374 originations. The second most popular income band? $100k-150k, with 346 originations.
Applicant Debt to Income Ratio
C & F Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 304 originations. The next most common DTI ratio? 20-30%, with 214 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.16%
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 origination81.63%
C & F Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 1,519 | $447,615,000 | $294,677 |