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 41 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.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.76% | 9/25/23 |
| 30 Year Conventional Refi | 6.69% | 9/25/23 |
| 30 Year Cash-out Refi | 6.81% | 9/25/23 |
| 30 Year FHA Purchase | 7.57% | 9/25/23 |
| 30 Year FHA Refi | 7.44% | 9/25/23 |
| 30 Year VA Purchase | 6.58% | 9/25/23 |
| 30 Year VA Refi | 6.02% | 9/25/23 |
| 30 Year USDA Purchase | 6.99% | 9/25/23 |
| 15 Year Conventional Purchase | 6.10% | 9/25/23 |
| 15 Year Conventional Refi | 6.13% | 9/25/23 |
| 15 Year Cash-out Refi | 6.13% | 9/25/23 |
| 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. | ||
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
2,283Origination Dollar Volume (All Markets)
$632,285,000Awards
C & F Mortgage Corporation - 2022
C & F Mortgage Corporation is a 2022 , due to their low .
For 2022, 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
4.98%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.22%.
Relative Fees (Closing Costs)
C & F Mortgage Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,379.
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) | 1,182 | $341,060,000 | $288,545 | $6,182 | 5.05% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 294 | $94,150,000 | $320,238 | $7,809 | 4.72% |
| Outside of Metro Areas | 200 | $49,230,000 | $246,150 | $6,335 | 5.00% |
| STAUNTON, VA (FHA|USDA|VA) | 182 | $35,120,000 | $192,967 | $5,133 | 4.77% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 66 | $22,590,000 | $342,273 | $7,626 | 4.58% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 67 | $17,825,000 | $266,045 | $4,799 | 4.85% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 49 | $15,355,000 | $313,367 | $4,902 | 4.68% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 91 | $13,855,000 | $152,253 | $5,543 | 5.22% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 21 | $8,305,000 | $395,476 | $8,867 | 4.65% |
| HARRISONBURG, VA (FHA|USDA|VA) | 33 | $7,635,000 | $231,364 | $5,287 | 5.11% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 9 | $3,815,000 | $423,889 | $8,447 | 4.81% |
| LYNCHBURG, VA (FHA|USDA|VA) | 8 | $2,620,000 | $327,500 | $11,341 | 5.23% |
| Elizabeth City, NC (FHA|USDA|VA) | 9 | $2,525,000 | $280,556 | $8,850 | 4.36% |
| ROANOKE, VA (FHA|USDA|VA) | 4 | $1,900,000 | $475,000 | $6,249 | 4.75% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 5 | $1,885,000 | $377,000 | $6,176 | 5.50% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 7 | $1,705,000 | $243,571 | $8,569 | 5.66% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 8 | $1,700,000 | $212,500 | $5,562 | 4.50% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 8 | $1,680,000 | $210,000 | $5,179 | 4.89% |
| Shelby, NC (FHA|USDA|VA) | 6 | $1,380,000 | $230,000 | $5,916 | 5.19% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 4 | $1,360,000 | $340,000 | $10,510 | 4.84% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 5 | $1,065,000 | $213,000 | $5,514 | 5.60% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 2 | $970,000 | $485,000 | $15,877 | 6.25% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 3 | $625,000 | $208,333 | $3,738 | 5.50% |
| Gaffney, SC (FHA|USDA|VA) | 2 | $510,000 | $255,000 | $4,406 | 5.63% |
| COLUMBIA, SC (FHA|USDA|VA) | 2 | $380,000 | $190,000 | $2,707 | 4.31% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $6,350 | 5.38% |
| NEW BERN, NC (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $10,784 | 5.63% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $7,212 | 5.63% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,383 | 5.50% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $3,261 | 3.25% |
| Boone, NC (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $6,959 | 5.63% |
| ROCKY MOUNT, NC (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $4,277 | 4.88% |
| Fairmont, WV (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,197 | 4.13% |
| SUMTER, SC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $7,421 | 5.63% |
| Washington, NC (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,110 | 5.38% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,867 | 5.63% |
| Bluefield, WV-VA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $3,763 | 3.38% |
| Rockingham, NC (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,559 | 4.00% |
| Danville, VA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,506 | 4.75% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $3,552 | 3.63% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $0 | 3.50% |
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 2022, C & F Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,595 originations. Their 2nd most popular type was FHA, with 423 originations.
Loan Reason
For 2022, C & F Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 1,925 originations. The 2nd most popular reason was Cash Out Refi, with 198 originations.
Loan Duration/Length
For 2022, C & F Mortgage Corporation's most frequently cited loan duration was 30 Year, with 2,099 originations. The 2nd most popular length was Other, with 114 originations.
Origination Fees/Closing Costs
C & F Mortgage Corporation's average total fees were $6,379, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 957 originations.
Interest Rates
During 2022, C & F Mortgage Corporation's average interest rate for loans was 4.98%, while their most frequently originated rate bucket for loans was 5-6%, with 841 originations.
Loan Sizing
2022 saw C & F Mortgage Corporation place emphasis on $200k-400k loans with 1,209 originations, totaling $344,455,000 in origination value.
Applicant Income
C & F Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 623 originations. The second most popular income band? $100k-150k, with 503 originations.
Applicant Debt to Income Ratio
C & F Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 433 originations. The next most common DTI ratio? 20-30%, with 403 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications97.79%
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 origination84.06%
C & F Mortgage Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 2,283 | $632,285,000 | $276,954 |