C & F Mortgage Corporation Rates, Fees & Info

WEST POINT, VA

LEI: 549300BWFA5UY7H4WJ62

Tax ID: 54-1773964

5 stars - Updated: 4/14/24 - out of 5 stars, based on 39 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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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% 4/14/24
30 Year Conventional Refi 6.69% 4/14/24
30 Year Cash-out Refi 6.81% 4/14/24
30 Year FHA Purchase 7.57% 4/14/24
30 Year FHA Refi 7.44% 4/14/24
30 Year VA Purchase 6.58% 4/14/24
30 Year VA Refi 6.02% 4/14/24
30 Year USDA Purchase 6.99% 4/14/24
15 Year Conventional Purchase 6.10% 4/14/24
15 Year Conventional Refi 6.13% 4/14/24
15 Year Cash-out Refi 6.13% 4/14/24
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






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from C & F Mortgage Corporation. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

1,519

Origination Dollar Volume (All Markets)

$447,615,000
Show all (7) awards

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%
C & F Mortgage Corporation's top markets include Richmond, Virginia Beach, Staunton, Washington, and Charlotte among others.

Their top states include:
  • Virginia (FHA|USDA|VA)
  • North Carolina (FHA|USDA|VA)
  • Maryland (FHA|USDA|VA)
  • West Virginia (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • 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.

    PARK VIEW FEDERAL CREDIT UNION
    Similarity Rank: 12
    CENTRAL VIRGINIA
    Similarity Rank: 40
    ABNB Federal Credit Union
    Similarity Rank: 65
    CHESSIE
    Similarity Rank: 72
    DUPONT COMMUNITY
    Similarity Rank: 77
    JOHNSON MORTGAGE COMPANY, L.L.C.
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    DRAGAS MORTGAGE COMPANY
    Similarity Rank: 290

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,045 $316,755,000 $303,115 $5,954 6.74%
    FHA 327 $83,075,000 $254,052 $10,647 6.74%
    VA 93 $36,855,000 $396,290 $12,996 6.67%
    USDA 54 $10,930,000 $202,407 $7,497 6.68%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 1,348 $391,550,000 $290,467 $7,405 6.74%
    Refi 109 $40,935,000 $375,550 $7,737 6.60%
    Cash Out Refi 50 $12,950,000 $259,000 $10,383 6.84%
    Home Improvement 12 $2,180,000 $181,667 $5,594 6.53%

    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

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 1,391 $395,065,000 $284,015 $7,460 6.78%
    Other 111 $47,665,000 $429,414 $8,229 6.28%
    15 Year 15 $4,215,000 $281,000 $5,808 6.04%
    20 Year 2 $670,000 $335,000 $4,663 6.44%

    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

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 403 $118,535,000 $294,132
    $5k+ 385 $153,775,000 $399,416
    $3k-4k 196 $52,600,000 $268,367
    $2k-3k 175 $42,085,000 $240,486
    $<1k 161 $21,095,000 $131,025
    $4k-5k 153 $49,165,000 $321,340

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 804 $230,620,000 $286,841 $7,848 6.77%
    $100k-200k 275 $43,775,000 $159,182 $5,744 6.63%
    $400k-600k 252 $119,950,000 $475,992 $10,060 6.63%
    $100,000 or less 121 $3,455,000 $28,554 $1,313 7.01%
    $600k-1MM 60 $41,790,000 $696,500 $11,291 6.73%
    $1MM+ 7 $8,025,000 $1,146,429 $12,737 6.04%

    2023 saw C & F Mortgage Corporation place emphasis on $200k-400k loans with 804 originations, totaling $230,620,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 374 $71,220,000 $190,428 $6,521 6.74%
    $100k-150k 346 $113,490,000 $328,006 $8,065 6.75%
    $75k-100k 307 $75,935,000 $247,345 $7,227 6.81%
    $150k-250k 271 $113,425,000 $418,542 $8,982 6.73%
    $250k+ 107 $56,815,000 $530,981 $8,632 6.63%
    $50k or less 107 $14,605,000 $136,495 $5,534 6.58%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 304 $90,420,000 $297,434 $6,968 6.80%
    20-30% 214 $67,040,000 $313,271 $6,523 6.61%
    49% 77 $21,945,000 $285,000 $8,447 6.85%
    50-60% 75 $23,715,000 $316,200 $12,818 6.65%
    44% 72 $20,440,000 $283,889 $7,176 6.84%
    39% 71 $24,855,000 $350,070 $8,785 6.70%
    <20% 71 $19,715,000 $277,676 $5,692 6.51%
    36% 67 $19,385,000 $289,328 $6,889 6.87%
    42% 65 $18,715,000 $287,923 $7,436 6.75%
    43% 63 $18,905,000 $300,079 $7,822 6.64%
    40% 62 $16,410,000 $264,677 $7,609 6.83%
    41% 58 $15,180,000 $261,724 $6,464 6.73%
    37% 57 $17,805,000 $312,368 $7,172 6.70%
    48% 57 $14,375,000 $252,193 $8,020 6.79%
    38% 57 $17,365,000 $304,649 $7,035 6.77%
    46% 53 $15,185,000 $286,509 $8,160 6.80%
    45% 50 $13,570,000 $271,400 $7,788 6.65%
    47% 42 $11,080,000 $263,810 $6,908 6.72%
    >60% 4 $1,510,000 $377,500 $9,924 6.84%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 1,131 $337,405,000 $298,324 $7,251 6.74%
    Not provided 142 $45,360,000 $319,437 $8,492 6.76%
    Black 177 $42,795,000 $241,780 $8,165 6.71%
    Asian 55 $17,785,000 $323,364 $7,672 6.65%
    American Indian 9 $2,595,000 $288,333 $8,211 6.33%
    Filipino 2 $870,000 $435,000 $11,257 6.63%
    Native Hawaiian or Islander 3 $805,000 $268,333 $6,652 6.67%

    Approval Rates

    Total approvals of all applications
    97.16%

    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 origination
    81.63%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    1,519 $447,615,000 $294,677

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 42 $7,840,000 $186,667 $5,057 6.56%
    40-60% 123 $31,385,000 $255,163 $5,817 6.54%
    60-80% 383 $129,865,000 $339,073 $7,418 6.62%
    80-100% 854 $268,790,000 $314,742 $8,414 6.78%
    Over 100% 22 $8,140,000 $370,000 $16,704 6.79%
    Under 20% 95 $1,595,000 $16,789 $556 7.07%