C&f Select Mortgage Rates, Fees & Info

WEST POINT, VA

LEI: 549300X50UOL0Z4M1J25

Tax ID: 83-2995967

5 stars - out of 5 stars, based on 15 reviews

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

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Mortgage Data

  • SimulatedRates™
  • 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.

    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 6.57% 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

    223

    Origination Dollar Volume (All Markets)

    $71,455,000

    Relative 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%
    C&f Select's top markets include Richmond, Washington, Staunton, Blacksburg, and Charlottesville among others.

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

    HENRICO Federal Credit Union
    Similarity Rank: 420
    Aurora Financial, LLC
    Similarity Rank: 1679
    JAMS-01, INC.
    Similarity Rank: 2040
    DOMINION ENERGY CREDIT UNION
    Similarity Rank: 2755
    VILLAGE BANK MORTGAGE CORPORATION
    Similarity Rank: 2926
    C&F Select LLC
    Similarity Rank: 3024
    Call Federal Credit Union
    Similarity Rank: 3247
    Towne Mortgage, LLC
    Similarity Rank: 3492
    Virginia Credit Union, Inc.
    Similarity Rank: 3504

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 177 $56,765,000 $320,706 $3,920 3.04%
    FHA 30 $8,280,000 $276,000 $8,135 3.04%
    VA 14 $5,970,000 $426,429 $7,460 2.79%
    USDA 2 $440,000 $220,000 $5,560 3.06%

    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

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 198 $64,690,000 $326,717 $4,880 3.06%
    Refi 18 $5,240,000 $291,111 $3,370 2.71%
    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 Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 211 $67,615,000 $320,450 $4,823 3.06%
    15 Year 11 $3,685,000 $335,000 $3,280 2.50%
    10 Year 1 $155,000 $155,000 $2,402 2.38%

    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
    $1k-2k 191 $62,815,000 $328,874
    $<1k 18 $3,680,000 $204,444
    $2k-3k 3 $1,385,000 $461,667
    $4k-5k 3 $1,175,000 $391,667
    $5k+ 3 $1,155,000 $385,000
    $3k-4k 2 $750,000 $375,000

    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

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 128 $36,950,000 $288,672 $4,931 3.06%
    $400k-600k 54 $27,280,000 $505,185 $5,351 2.96%
    $100k-200k 28 $4,370,000 $156,071 $3,382 2.92%
    $100,000 or less 9 $65,000 $7,222 $208 3.31%
    $600k-1MM 4 $2,790,000 $697,500 $9,158 3.00%

    2021 saw C&f Select place emphasis on $200k-400k loans with 128 originations, totaling $36,950,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 58 $13,900,000 $239,655 $4,423 3.07%
    $100k-150k 47 $16,755,000 $356,489 $4,587 2.98%
    $150k-250k 44 $19,480,000 $442,727 $5,174 3.01%
    $75k-100k 37 $10,325,000 $279,054 $5,453 3.05%
    $50k or less 24 $4,570,000 $190,417 $4,055 3.00%
    $250k+ 13 $6,425,000 $494,231 $4,398 3.06%

    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

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 46 $15,500,000 $336,957 $4,854 3.01%
    20-30% 42 $14,890,000 $354,524 $4,866 2.99%
    <20% 18 $5,560,000 $308,889 $3,852 3.05%
    40% 13 $2,505,000 $192,692 $3,812 3.04%
    44% 12 $3,000,000 $250,000 $4,937 3.23%
    43% 10 $3,170,000 $317,000 $3,780 3.08%
    50-60% 9 $2,895,000 $321,667 $6,334 2.81%
    36% 9 $3,345,000 $371,667 $4,066 3.06%
    41% 8 $2,610,000 $326,250 $5,671 3.02%
    48% 8 $2,400,000 $300,000 $4,701 2.89%
    39% 8 $2,340,000 $292,500 $3,769 3.16%
    42% 8 $2,020,000 $252,500 $4,009 3.05%
    37% 7 $2,865,000 $409,286 $6,378 3.02%
    38% 7 $1,925,000 $275,000 $4,815 3.23%
    49% 6 $2,020,000 $336,667 $5,210 2.81%
    47% 5 $1,545,000 $309,000 $5,374 3.05%
    45% 5 $2,315,000 $463,000 $6,086 3.10%
    46% 2 $550,000 $275,000 $3,349 3.19%

    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

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 159 $51,325,000 $322,799 $4,431 3.03%
    Not provided 28 $10,240,000 $365,714 $4,790 3.04%
    Black 27 $6,775,000 $250,926 $6,574 3.07%
    Asian 9 $3,115,000 $346,111 $4,812 2.82%

    Approval Rates

    Total approvals of all applications
    94.31%

    C&f Select has an average approval rate.

    Pick Rate

    Approvals leading to origination
    82.06%

    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

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    223 $71,455,000 $320,426

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 3 $635,000 $211,667 $3,303 3.04%
    40-60% 20 $7,280,000 $364,000 $4,067 2.90%
    60-80% 59 $19,285,000 $326,864 $3,835 2.96%
    80-100% 127 $42,375,000 $333,661 $5,341 3.06%
    Over 100% 4 $1,710,000 $427,500 $13,076 2.91%
    Under 20% 10 $170,000 $17,000 $492 3.29%