C&f Select Mortgage Rates, Fees & Info
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Tax ID: 83-2995967
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Mortgage Data
Review & Overview
C&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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SimulatedRates™Mortgage Type |
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. | ||
Originations
223Origination Dollar Volume (All Markets)
$71,455,000Relative Rate
C&f Select's average 30 year fixed mortgage rate was
3.06%.
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.
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) | 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% |
Similar Lenders
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.
Similarity Rank: 420
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Product Mix
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
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 Duration/Length
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
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.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 2.5-3% | 106 | $33,750,000 | $318,396 |
| 3-4% | 99 | $31,055,000 | $313,687 |
| <2.5% | 18 | $6,650,000 | $369,444 |
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.
Loan Sizing
2021 saw C&f Select place emphasis on $200k-400k loans with 128 originations, totaling $36,950,000 in origination value.
Applicant Income
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.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.31%
C&f Select has an average approval rate.
Pick Rate
Approvals leading to origination82.06%
C&f Select has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 223 | $71,455,000 | $320,426 |