C & F Mortgage Corporation Rates, Fees & Info

WEST POINT, VA

LEI: 549300BWFA5UY7H4WJ62

Tax ID: 54-1773964

5 stars - out of 5 stars, based on 73 reviews

2021 Data | 2020 Data | 2019 Data | 2018 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

5,276

Origination Dollar Volume (All Markets)

$1,367,190,000
Show all (9) awards

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 applications
98.54%

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 origination
85.76%

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%