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 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 by origination volume include: Richmond, Virginia Beach, Washington, Staunton, and California among others. We have data for 52 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 about average 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.64% | 1/29/23 |
| 30 Year Conventional Refi | 6.48% | 1/29/23 |
| 30 Year Cash-out Refi | 6.70% | 1/29/23 |
| 30 Year FHA Purchase | 7.42% | 1/29/23 |
| 30 Year FHA Refi | 7.06% | 1/29/23 |
| 30 Year VA Purchase | 6.37% | 1/29/23 |
| 30 Year VA Refi | 6.14% | 1/29/23 |
| 30 Year USDA Purchase | 6.76% | 1/29/23 |
| 30 Year USDA Refi | 6.66% | 1/29/23 |
| 15 Year Conventional Purchase | 5.99% | 1/29/23 |
| 15 Year Conventional Refi | 6.02% | 1/29/23 |
| 15 Year Cash-out Refi | 6.02% | 1/29/23 |
| 15 Year FHA Refi | 6.73% | 1/29/23 |
| 15 Year VA Purchase | 6.12% | 1/29/23 |
| 15 Year VA Refi | 6.48% | 1/29/23 |
| 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. | ||
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 mortgage rate was
3.07%.
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.08%.
Relative Fees (Closing Costs)
C & F Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,818.
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 $4,750.
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) | 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% |
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Product Mix
For 2021, C & F Mortgage Corporation's most frequently originated type of loan was Conventional, with 3,748 originations. Their 2nd most popular type was FHA, with 810 originations.
Loan Reason
For 2021, C & F Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 3,224 originations. The 2nd most popular reason was Refi, with 1,325 originations.
Loan Duration/Length
For 2021, C & F Mortgage Corporation's most frequently cited loan duration was 30 Year, with 4,831 originations. The 2nd most popular length was 15 Year, with 300 originations.
Origination Fees/Closing Costs
C & F Mortgage Corporation's average total fees were $4,818, while their most frequently occuring range of origination fees (closing costs) 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 for loans was 3.07%, while their most frequently originated rate bucket for loans was 3-4%, with 2,365 originations.
Loan Sizing
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
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
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
Approval Rates
Total approvals of all applications98.56%
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 origination87.79%
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 |