C & F Mortgage Corporation Rates, Fees & Info

WEST POINT, VA

LEI: 549300BWFA5UY7H4WJ62

Tax ID: 54-1773964

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

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Complaints
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • 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. Their top markets by origination volume include: Richmond, Washington, Virginia Beach, California, 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.

    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% 12/2/24
    30 Year Conventional Refi 6.69% 12/2/24
    30 Year Cash-out Refi 6.81% 12/2/24
    30 Year FHA Purchase 7.57% 12/2/24
    30 Year FHA Refi 7.44% 12/2/24
    30 Year VA Purchase 6.58% 12/2/24
    30 Year VA Refi 6.02% 12/2/24
    30 Year USDA Purchase 6.99% 12/2/24
    15 Year Conventional Purchase 6.10% 12/2/24
    15 Year Conventional Refi 6.13% 12/2/24
    15 Year Cash-out Refi 6.13% 12/2/24
    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

    3,113

    Origination Dollar Volume (All Markets)

    $683,245,000
    Show all (14) awards

    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) 1,394 $308,340,000 $221,191 $4,331 4.78%
    Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 446 $122,320,000 $274,260 $6,107 4.72%
    VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) 317 $77,935,000 $245,852 $5,645 4.70%
    Outside of Metro Areas 264 $48,720,000 $184,545 $4,670 4.78%
    CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) 85 $21,365,000 $251,353 $6,520 4.67%
    CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 113 $19,785,000 $175,088 $3,766 4.72%
    BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 60 $16,770,000 $279,500 $5,959 4.77%
    CHARLOTTESVILLE, VA (FHA|USDA|VA) 54 $13,460,000 $249,259 $4,203 4.59%
    STAUNTON, VA (FHA|USDA|VA) 89 $12,055,000 $135,449 $3,404 4.74%
    CUMBERLAND, MD-WV (FHA|USDA|VA) 98 $11,640,000 $118,776 $3,897 4.82%
    LYNCHBURG, VA (FHA|USDA|VA) 73 $10,275,000 $140,753 $3,897 4.65%
    HARRISONBURG, VA (FHA|USDA|VA) 37 $6,405,000 $173,108 $4,497 4.72%
    HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 13 $1,815,000 $139,615 $4,033 4.63%
    Kill Devil Hills, NC (FHA|USDA|VA) 6 $1,550,000 $258,333 $3,786 4.81%
    Danville, VA (FHA|USDA|VA) 12 $1,330,000 $110,833 $3,687 4.40%
    SALISBURY, MD-DE (FHA|USDA|VA) 5 $1,265,000 $253,000 $4,764 4.60%
    WINCHESTER, VA-WV (FHA|USDA|VA) 8 $1,150,000 $143,750 $4,548 4.86%
    Elizabeth City, NC (FHA|USDA|VA) 7 $1,045,000 $149,286 $5,447 4.86%
    RALEIGH-CARY, NC (FHA|USDA|VA) 3 $805,000 $268,333 $5,791 4.54%
    HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 3 $575,000 $191,667 $5,420 4.79%
    DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) 2 $470,000 $235,000 $5,279 5.19%
    Morehead City, NC (FHA|USDA|VA) 1 $375,000 $375,000 $3,322 4.88%
    MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 3 $345,000 $115,000 $3,908 4.75%
    Roanoke Rapids, NC (FHA|USDA|VA) 1 $335,000 $335,000 $3,315 4.50%
    WILMINGTON, NC (FHA|USDA|VA) 2 $300,000 $150,000 $3,312 4.25%
    Shelby, NC (FHA|USDA|VA) 1 $295,000 $295,000 $3,247 5.13%
    ROANOKE, VA (FHA|USDA|VA) 2 $280,000 $140,000 $3,383 4.94%
    FAYETTEVILLE, NC (FHA|USDA|VA) 1 $265,000 $265,000 $6,635 4.88%
    Washington, NC (FHA|USDA|VA) 1 $255,000 $255,000 $8,453 4.75%
    Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $225,000 $225,000 $7,953 5.00%
    Boone, NC (FHA|USDA|VA) 1 $205,000 $205,000 $2,998 5.00%
    Mount Airy, NC (FHA|USDA|VA) 1 $205,000 $205,000 $2,674 4.50%
    PITTSBURGH, PA (FHA|USDA|VA) 1 $165,000 $165,000 $5,723 5.13%
    Georgetown, SC (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.75%
    Gaffney, SC (FHA|USDA|VA) 1 $155,000 $155,000 $2,677 4.88%
    MORGANTOWN, WV (FHA|USDA|VA) 1 $135,000 $135,000 $3,483 5.25%
    GETTYSBURG, PA (FHA|USDA|VA) 1 $115,000 $115,000 $3,562 4.75%
    BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) 1 $115,000 $115,000 $3,119 4.00%
    CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 1 $95,000 $95,000 $3,537 4.88%
    Martinsville, VA (FHA|USDA|VA) 1 $85,000 $85,000 $4,228 5.13%
    ASHEVILLE, NC (FHA|USDA|VA) 1 $65,000 $65,000 $2,835 4.38%
    C & F Mortgage Corporation's top markets include Richmond, Washington, Virginia Beach, California, and Charlotte among others.

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

    CHESSIE
    Similarity Rank: 30
    FIRST PEOPLES COMMUNITY FEDERAL CREDIT UNION
    Similarity Rank: 36
    ABNB Federal Credit Union
    Similarity Rank: 40
    PARK VIEW FEDERAL CREDIT UNION
    Similarity Rank: 84
    UNIVERSITY OF VIRGINIA COMMUNITY CREDIT UNION,INC.
    Similarity Rank: 96
    DOMINION ENERGY CREDIT UNION
    Similarity Rank: 108
    BEACH MUNICIPAL FEDERAL CREDIT UNION
    Similarity Rank: 123
    NEWPORT NEWS SHIPBUILDING EMPLOYEES
    Similarity Rank: 147
    DUPONT COMMUNITY
    Similarity Rank: 231
    Bank of Clarke County
    Similarity Rank: 320

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 1,780 $387,770,000 $217,848 $3,473 4.81%
    FHA 734 $154,150,000 $210,014 $7,020 4.71%
    USDA 301 $51,625,000 $171,512 $5,050 4.61%
    VA 298 $89,700,000 $301,007 $6,082 4.64%

    For 2018, C & F Mortgage Corporation's most frequently originated type of loan was Conventional, with 1,780 originations. Their 2nd most popular type was FHA, with 734 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 2,772 $607,530,000 $219,167 $4,830 4.75%
    Cash Out Refi 172 $37,430,000 $217,616 $4,333 4.87%
    Refi 148 $34,480,000 $232,973 $3,980 4.63%
    Home Improvement 21 $3,805,000 $181,190 $3,886 4.52%

    For 2018, C & F Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 2,772 originations. The 2nd most popular reason was Cash Out Refi, with 172 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 3,002 $659,430,000 $219,664 $4,807 4.77%
    15 Year 80 $16,580,000 $207,250 $3,355 4.15%
    20 Year 28 $6,740,000 $240,714 $4,004 4.45%
    10 Year 3 $495,000 $165,000 $2,888 3.92%

    For 2018, C & F Mortgage Corporation's most frequently cited loan duration was 30 Year, with 3,002 originations. The 2nd most popular length was 15 Year, with 80 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 1,599 $365,215,000 $228,402
    $<1k 1,055 $208,165,000 $197,313
    $2k-3k 172 $42,260,000 $245,698
    $3k-4k 82 $22,720,000 $277,073
    $5k+ 44 $16,090,000 $365,682
    $4k-5k 37 $11,705,000 $316,351

    C & F Mortgage Corporation's average total fees were $4,807, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 1,599 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    4-5% 2,345 $529,225,000 $225,682
    5-6% 540 $105,410,000 $195,204
    3-4% 215 $47,005,000 $218,628
    6-7% 13 $1,605,000 $123,462

    During 2018, C & F Mortgage Corporation's average interest rate for loans was 4.77%, while their most frequently originated rate bucket for loans was 4-5%, with 2,345 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 1,479 $404,785,000 $273,688 $5,375 4.70%
    $100k-200k 1,131 $174,825,000 $154,576 $4,201 4.78%
    $100,000 or less 315 $15,415,000 $48,937 $1,910 4.92%
    $400k-600k 182 $83,540,000 $459,011 $7,258 4.66%
    $600k-1MM 5 $3,625,000 $725,000 $12,564 4.40%
    $1MM+ 1 $1,055,000 $1,055,000 $5,286 4.25%

    2018 saw C & F Mortgage Corporation place emphasis on $200k-400k loans with 1,479 originations, totaling $404,785,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 897 $171,245,000 $190,909 $4,651 4.77%
    $50k or less 709 $95,465,000 $134,647 $3,972 4.75%
    $100k-150k 592 $172,180,000 $290,845 $5,519 4.72%
    $75k-100k 567 $133,815,000 $236,005 $5,015 4.77%
    $150k-250k 260 $83,480,000 $321,077 $5,222 4.69%
    $250k+ 64 $21,210,000 $331,406 $5,133 4.86%

    C & F Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 897 originations. The second most popular income band? $50k or less, with 709 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 636 $136,350,000 $214,387 $4,501 4.76%
    20-30% 541 $117,125,000 $216,497 $4,223 4.74%
    44% 170 $34,050,000 $200,294 $4,973 4.78%
    43% 152 $30,150,000 $198,355 $4,664 4.81%
    39% 151 $31,845,000 $210,894 $4,617 4.74%
    50-60% 151 $40,345,000 $267,185 $7,239 4.73%
    40% 150 $31,510,000 $210,067 $4,459 4.71%
    41% 145 $31,725,000 $218,793 $4,745 4.78%
    <20% 136 $27,690,000 $203,603 $3,826 4.63%
    42% 131 $29,675,000 $226,527 $4,997 4.78%
    37% 126 $26,950,000 $213,889 $4,882 4.79%
    38% 122 $25,740,000 $210,984 $4,692 4.75%
    36% 108 $24,050,000 $222,685 $4,615 4.77%
    49% 89 $21,655,000 $243,315 $5,384 4.70%
    45% 87 $21,235,000 $244,080 $5,192 4.83%
    46% 76 $18,840,000 $247,895 $5,443 4.69%
    47% 71 $17,525,000 $246,831 $5,431 4.68%
    48% 69 $16,465,000 $238,623 $5,098 4.76%

    C & F Mortgage Corporation lent most frequently to those with DTI ratios of 30-36%, with 636 originations. The next most common DTI ratio? 20-30%, with 541 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 2,487 $544,895,000 $219,097 $4,644 4.75%
    Black 355 $74,265,000 $209,197 $5,320 4.79%
    Not provided 184 $43,300,000 $235,326 $5,164 4.72%
    Asian 56 $13,810,000 $246,607 $5,285 4.68%
    American Indian 16 $3,840,000 $240,000 $4,689 4.66%
    Other Asian 4 $950,000 $237,500 $4,703 4.88%
    Asian Indian 3 $915,000 $305,000 $4,484 4.96%
    Native Hawaiian or Islander 6 $870,000 $145,000 $3,487 4.50%
    Korean 1 $265,000 $265,000 $2,936 3.63%
    Chinese 1 $135,000 $135,000 $5,125 4.63%

    Approval Rates

    Total approvals of all applications
    98.27%

    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
    78.51%

    C & F Mortgage Corporation has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 3,113 $683,245,000 $219,481

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Single Family (1-4 Units):Manufactured 55 $5,385,000 $97,909
    Single Family (1-4 Units):Site-Built 3,058 $677,860,000 $221,668

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 44 $5,980,000 $135,909 $3,127 4.54%
    40-60% 145 $24,985,000 $172,310 $3,482 4.60%
    60-80% 679 $154,215,000 $227,121 $3,718 4.81%
    80-100% 2,052 $479,210,000 $233,533 $5,323 4.74%
    Over 100% 58 $17,370,000 $299,483 $9,763 4.56%
    Under 20% 133 $1,165,000 $8,759 $270 4.92%

    Complaints

    Bank Name Product Issue 2018 CPFB Complaints % of Total Issues
    C&F MORTGAGE CORPORATION Conventional home mortgage Closing on a mortgage 1 100.0%