C & F Mortgage Corporation Rates, Fees & InfoWEST POINT, VA
Tax ID: 54-1773964
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewC & 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.
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|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
Your EstimatesEstimated 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™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Origination Dollar Volume (All Markets)$632,285,000
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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C & F Mortgage Corporation's average 30 year fixed mortgage rate was
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.
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%|
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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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
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||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||198||$48,060,000||$242,727||$5,130||4.47%|
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.
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.
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.
2022 saw C & F Mortgage Corporation place emphasis on $200k-400k loans with 1,209 originations, totaling $344,455,000 in origination value.
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.
Approval RatesTotal approvals of all applications
C & F Mortgage Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick RateApprovals leading to origination
C & F Mortgage Corporation has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|