C&f Select Mortgage Rates, Fees & Info
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Mortgage Data
Review & Overview
C&f Select is a smaller mortgage company specializing in Home Purchase loans. C&f Select has a high proportion of conventional loans. They have an average proportion of FHA loans. Their top markets by origination volume include: Richmond, Virginia Beach, Charlottesville, and Lynchburg among others. We have data for 5 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 relatively high 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.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.79% | 11/17/24 |
| 30 Year Conventional Refi | 6.57% | 11/17/24 |
| 30 Year Cash-out Refi | 6.70% | 11/17/24 |
| 30 Year FHA Purchase | 7.61% | 11/17/24 |
| 30 Year VA Purchase | 6.50% | 11/17/24 |
| 30 Year USDA Purchase | 7.36% | 11/17/24 |
| 15 Year Conventional Purchase | 6.51% | 11/17/24 |
| 15 Year Conventional Refi | 6.30% | 11/17/24 |
| 15 Year Cash-out Refi | 6.30% | 11/17/24 |
| 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 Select Mortgage Calculator
Your Estimates
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This is not an official calculator from C&f Select. It uses our SimulatedRate™
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
129Origination Dollar Volume (All Markets)
$42,015,000Awards
C&F Select - 2023
C&F Select is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
C&f Select's average 30 year fixed mortgage rate was
6.82%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.34%.
Relative Fees (Closing Costs)
C&f Select's average total fees/closing costs for a 30 year fixed rate
mortgage were $7,227.
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 $9,089.
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) | 110 | $38,880,000 | $353,455 | $7,471 | 6.75% |
| Outside of Metro Areas | 13 | $2,195,000 | $168,846 | $6,081 | 7.01% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $500,000 | $125,000 | $4,888 | 6.19% |
| CHARLOTTESVILLE, VA (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $10,859 | 6.75% |
| LYNCHBURG, VA (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $8,833 | 6.75% |
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.
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Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 86 | $28,610,000 | $332,674 | $5,341 | 6.74% |
| FHA | 33 | $8,865,000 | $268,636 | $9,861 | 6.82% |
| VA | 10 | $4,540,000 | $454,000 | $14,900 | 6.75% |
For 2023, C&f Select's most frequently originated type of loan was Conventional, with 86 originations. Their 2nd most popular type was FHA, with 33 originations.
Loan Reason
| Loan Reason | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Home Purchase | 127 | $41,575,000 | $327,362 | $7,333 | 6.76% |
| Cash Out Refi | 2 | $440,000 | $220,000 | $4,241 | 6.56% |
For 2023, C&f Select's most frequently cited loan purpose was Home Purchase, with 127 originations. The 2nd most popular reason was Cash Out Refi, with 2 originations.
Loan Duration/Length
For 2023, C&f Select's most frequently cited loan duration was 30 Year, with 120 originations. The 2nd most popular length was Other, with 8 originations.
Origination Fees/Closing Costs
C&f Select's average total fees were $7,227, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 44 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 76 | $23,060,000 | $303,421 |
| 7-8% | 37 | $12,355,000 | $333,919 |
| 5-6% | 12 | $4,960,000 | $413,333 |
| Over 8% | 3 | $895,000 | $298,333 |
| 4-5% | 1 | $745,000 | $745,000 |
During 2023, C&f Select's average interest rate for loans was 6.82%, while their most frequently originated rate bucket for loans was 6-7%, with 76 originations.
Loan Sizing
2023 saw C&f Select place emphasis on $200k-400k loans with 59 originations, totaling $16,395,000 in origination value.
Applicant Income
C&f Select lent most frequently to those with incomes in the $50k-75k range, with 31 originations. The second most popular income band? $150k-250k, with 30 originations.
Applicant Debt to Income Ratio
C&f Select lent most frequently to those with DTI ratios of 30-36%, with 22 originations. The next most common DTI ratio? 20-30%, with 21 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.86%
C&f Select has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination79.84%
C&f Select has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 129 | $42,015,000 | $325,698 |