C&f Select Mortgage Rates, Fees & InfoWEST POINT, VA
Tax ID: 83-2995967
Review & OverviewC&f Select is a smaller mortgage company specializing in loans. C&f Select 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, Staunton, Blacksburg, and Charlottesville among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)
C&f Select 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 Select 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||6.57%||1/29/23|
|30 Year Conventional Refi||6.32%||1/29/23|
|30 Year Cash-out Refi||6.64%||1/29/23|
|30 Year FHA Purchase||7.43%||1/29/23|
|30 Year FHA Refi||6.27%||1/29/23|
|30 Year VA Purchase||6.26%||1/29/23|
|30 Year VA Refi||6.27%||1/29/23|
|30 Year USDA Purchase||6.87%||1/29/23|
|15 Year Conventional Purchase||5.90%||1/29/23|
|15 Year Conventional Refi||5.93%||1/29/23|
|15 Year Cash-out Refi||5.93%||1/29/23|
|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.|
Origination Dollar Volume (All Markets)$71,455,000
C&f Select's average 30 year fixed mortgage rate was
The 2021 average 30 year fixed rate mortgage across all markets and lenders was 3.15%.
This yields a difference of -0.09%.
Relative Fees (Closing Costs)
C&f Select's average total fees/closing costs for a 30 year fixed rate
mortgage were $4,823.
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)||210||$67,430,000||$321,095||$4,743||3.03%|
|Outside of Metro Areas||6||$1,510,000||$251,667||$4,726||3.13%|
|Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA)||2||$1,100,000||$550,000||$3,275||2.75%|
|STAUNTON, VA (FHA|USDA|VA)||1||$355,000||$355,000||$3,707||2.50%|
|BLACKSBURG-CHRISTIANSBURG, VA (FHA|USDA|VA)||1||$305,000||$305,000||$3,915||2.88%|
|CHARLOTTESVILLE, VA (FHA|USDA|VA)||1||$265,000||$265,000||$6,221||2.88%|
|VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA)||1||$255,000||$255,000||$7,553||2.75%|
|ROANOKE, VA (FHA|USDA|VA)||1||$235,000||$235,000||$3,509||2.75%|
We use machine learning to identify the top lenders compared against C&F Select 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 2021, C&f Select's most frequently originated type of loan was Conventional, with 177 originations. Their 2nd most popular type was FHA, with 30 originations.
|Loan Reason||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
|Cash Out Refi||7||$1,525,000||$217,857||$3,922||2.96%|
For 2021, C&f Select's most frequently cited loan purpose was Home Purchase, with 198 originations. The 2nd most popular reason was Refi, with 18 originations.
|Loan Length||Originations||Total Value||Average Loan||Average Fees||Average Rate|
For 2021, C&f Select's most frequently cited loan duration was 30 Year, with 211 originations. The 2nd most popular length was 15 Year, with 11 originations.
Origination Fees/Closing Costs
|Origination Fee/Closing Cost||Originations||Total Value||Average Loan|
C&f Select's average total fees were $4,823, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 191 originations.
|Loan Rate||Originations||Total Value||Average Loan|
During 2021, C&f Select's average interest rate for loans was 3.06%, while their most frequently originated rate bucket for loans was 2.5-3%, with 106 originations.
2021 saw C&f Select place emphasis on $200k-400k loans with 128 originations, totaling $36,950,000 in origination value.
C&f Select lent most frequently to those with incomes in the $50k-75k range, with 58 originations. The second most popular income band? $100k-150k, with 47 originations.
Applicant Debt to Income Ratio
C&f Select lent most frequently to those with DTI ratios of 30-36%, with 46 originations. The next most common DTI ratio? 20-30%, with 42 originations.
Approval RatesTotal approvals of all applications
C&f Select has an average approval rate.
Pick RateApprovals leading to origination
C&f Select has a below average pick rate.
Points and Fees
|Points||Originations||Total Value||Average Loan|