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. They have a low ratio of USDA loans. Their top markets by origination volume include: Richmond, Washington, Virginia Beach, Staunton, and California among others. We have data for 48 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 a low 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 | 6.76% | 11/21/24 |
| 30 Year Conventional Refi | 6.69% | 11/21/24 |
| 30 Year Cash-out Refi | 6.81% | 11/21/24 |
| 30 Year FHA Purchase | 7.57% | 11/21/24 |
| 30 Year FHA Refi | 7.44% | 11/21/24 |
| 30 Year VA Purchase | 6.58% | 11/21/24 |
| 30 Year VA Refi | 6.02% | 11/21/24 |
| 30 Year USDA Purchase | 6.99% | 11/21/24 |
| 15 Year Conventional Purchase | 6.10% | 11/21/24 |
| 15 Year Conventional Refi | 6.13% | 11/21/24 |
| 15 Year Cash-out Refi | 6.13% | 11/21/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
6,671Origination Dollar Volume (All Markets)
$1,704,875,000Awards
C & F Mortgage Corporation - 2020
C & F Mortgage Corporation is a 2020 , due to their low .
For 2020, less than of lenders were eligible for this award.
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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) | 3,081 | $800,815,000 | $259,920 | $3,680 | 3.09% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 780 | $235,980,000 | $302,538 | $5,834 | 3.10% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 795 | $220,825,000 | $277,767 | $4,686 | 3.08% |
| Outside of Metro Areas | 430 | $92,950,000 | $216,163 | $3,983 | 3.10% |
| STAUNTON, VA (FHA|USDA|VA) | 380 | $70,590,000 | $185,763 | $3,689 | 3.21% |
| CALIFORNIA-LEXINGTON PARK, MD (FHA|USDA|VA) | 203 | $58,635,000 | $288,842 | $6,053 | 2.97% |
| CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) | 249 | $55,205,000 | $221,707 | $2,966 | 3.08% |
| BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) | 138 | $42,850,000 | $310,507 | $5,380 | 3.09% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 111 | $29,195,000 | $263,018 | $3,524 | 3.02% |
| CUMBERLAND, MD-WV (FHA|USDA|VA) | 165 | $22,805,000 | $138,212 | $4,278 | 3.11% |
| HARRISONBURG, VA (FHA|USDA|VA) | 94 | $17,920,000 | $190,638 | $3,753 | 3.24% |
| LYNCHBURG, VA (FHA|USDA|VA) | 47 | $8,875,000 | $188,830 | $3,160 | 3.07% |
| Kill Devil Hills, NC (FHA|USDA|VA) | 28 | $8,390,000 | $299,643 | $4,053 | 2.92% |
| ROANOKE, VA (FHA|USDA|VA) | 19 | $4,295,000 | $226,053 | $3,026 | 3.02% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 15 | $3,735,000 | $249,000 | $2,856 | 3.16% |
| RALEIGH-CARY, NC (FHA|USDA|VA) | 9 | $3,225,000 | $358,333 | $2,911 | 2.93% |
| HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) | 12 | $2,600,000 | $216,667 | $4,065 | 3.20% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 12 | $2,380,000 | $198,333 | $4,207 | 3.16% |
| SALISBURY, MD-DE (FHA|USDA|VA) | 7 | $2,125,000 | $303,571 | $4,078 | 2.86% |
| CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) | 7 | $2,095,000 | $299,286 | $2,984 | 2.73% |
| Shelby, NC (FHA|USDA|VA) | 10 | $1,960,000 | $196,000 | $3,361 | 3.30% |
| Elizabeth City, NC (FHA|USDA|VA) | 10 | $1,780,000 | $178,000 | $3,822 | 3.10% |
| COLUMBIA, SC (FHA|USDA|VA) | 8 | $1,730,000 | $216,250 | $2,354 | 3.14% |
| Roanoke Rapids, NC (FHA|USDA|VA) | 4 | $1,690,000 | $422,500 | $3,022 | 2.91% |
| WINCHESTER, VA-WV (FHA|USDA|VA) | 8 | $1,510,000 | $188,750 | $4,183 | 3.05% |
| BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA) | 6 | $1,390,000 | $231,667 | $2,923 | 2.98% |
| HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) | 5 | $1,285,000 | $257,000 | $3,724 | 3.15% |
| Danville, VA (FHA|USDA|VA) | 8 | $1,230,000 | $153,750 | $4,102 | 3.23% |
| WILMINGTON, NC (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $3,589 | 3.19% |
| Boone, NC (FHA|USDA|VA) | 2 | $910,000 | $455,000 | $2,107 | 2.75% |
| DURHAM-CHAPEL HILL, NC (FHA|USDA|VA) | 2 | $660,000 | $330,000 | $3,197 | 3.44% |
| MORGANTOWN, WV (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $5,687 | 3.54% |
| Pinehurst-Southern Pines, NC (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $3,389 | 3.00% |
| Georgetown, SC (FHA|USDA|VA) | 4 | $450,000 | $112,500 | $3,794 | 3.34% |
| Easton, MD (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $3,544 | 3.50% |
| KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) | 1 | $375,000 | $375,000 | $4,283 | 2.88% |
| NEW BERN, NC (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $2,969 | 3.00% |
| WINSTON-SALEM, NC (FHA|USDA|VA) | 2 | $290,000 | $145,000 | $2,805 | 2.94% |
| ASHEVILLE, NC (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,166 | 2.63% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 1 | $225,000 | $225,000 | $3,334 | 3.25% |
| JACKSONVILLE, NC (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,370 | 2.25% |
| Mount Airy, NC (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,730 | 3.00% |
| YORK-HANOVER, PA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $4,056 | 4.25% |
| Albemarle, NC (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,631 | 3.63% |
| Martinsville, VA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $4,336 | 3.63% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $3,260 | 3.38% |
| GOLDSBORO, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $2,921 | 3.63% |
| GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $3,286 | 2.75% |
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Product Mix
For 2020, C & F Mortgage Corporation's most frequently originated type of loan was Conventional, with 5,185 originations. Their 2nd most popular type was FHA, with 733 originations.
Loan Reason
For 2020, C & F Mortgage Corporation's most frequently cited loan purpose was Home Purchase, with 3,272 originations. The 2nd most popular reason was Refi, with 2,630 originations.
Loan Duration/Length
For 2020, C & F Mortgage Corporation's most frequently cited loan duration was 30 Year, with 5,877 originations. The 2nd most popular length was 15 Year, with 505 originations.
Origination Fees/Closing Costs
C & F Mortgage Corporation's average total fees were $4,302, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 4,449 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 3,158 | $847,530,000 | $268,376 |
| 3-4% | 2,775 | $676,245,000 | $243,692 |
| <2.5% | 539 | $141,065,000 | $261,716 |
| 4-5% | 199 | $40,035,000 | $201,181 |
During 2020, C & F Mortgage Corporation's average interest rate for loans was 3.14%, while their most frequently originated rate bucket for loans was 2.5-3%, with 3,158 originations.
Loan Sizing
2020 saw C & F Mortgage Corporation place emphasis on $200k-400k loans with 3,679 originations, totaling $1,029,425,000 in origination value.
Applicant Income
C & F Mortgage Corporation lent most frequently to those with incomes in the $50k-75k range, with 1,668 originations. The second most popular income band? $100k-150k, with 1,433 originations.
Applicant Debt to Income Ratio
C & F Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 1,666 originations. The next most common DTI ratio? 30-36%, with 1,308 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications98.52%
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 origination89.10%
C & F Mortgage Corporation has an average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 6,671 | $1,704,875,000 | $255,565 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 94 | $12,030,000 | $127,979 |
| Single Family (1-4 Units):Site-Built | 6,577 | $1,692,845,000 | $257,389 |