C&f Select Mortgage Rates, Fees & Info
WEST POINT, VALEI: 549300X50UOL0Z4M1J25
Tax ID: 83-2995967
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Mortgage Data
Review & Overview
C&f Select is a smaller mortgage company specializing in Home Purchase and Refi 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, Virginia Beach, Washington, 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 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 | 6.79% | 12/16/24 |
| 30 Year Conventional Refi | 6.57% | 12/16/24 |
| 30 Year Cash-out Refi | 6.70% | 12/16/24 |
| 30 Year FHA Purchase | 7.61% | 12/16/24 |
| 30 Year VA Purchase | 6.50% | 12/16/24 |
| 30 Year USDA Purchase | 7.36% | 12/16/24 |
| 15 Year Conventional Purchase | 6.51% | 12/16/24 |
| 15 Year Conventional Refi | 6.30% | 12/16/24 |
| 15 Year Cash-out Refi | 6.30% | 12/16/24 |
| 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
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The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
230Origination Dollar Volume (All Markets)
$61,920,000Top 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) | 209 | $57,465,000 | $274,952 | $4,446 | 3.15% |
| Outside of Metro Areas | 14 | $2,740,000 | $195,714 | $4,116 | 3.07% |
| VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC (FHA|USDA|VA) | 4 | $920,000 | $230,000 | $4,134 | 3.19% |
| Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) | 1 | $435,000 | $435,000 | $2,863 | 3.00% |
| LYNCHBURG, VA (FHA|USDA|VA) | 2 | $360,000 | $180,000 | $3,240 | 3.06% |
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
For 2020, C&f Select's most frequently originated type of loan was Conventional, with 162 originations. Their 2nd most popular type was FHA, with 47 originations.
Loan Reason
For 2020, C&f Select's most frequently cited loan purpose was Home Purchase, with 153 originations. The 2nd most popular reason was Refi, with 60 originations.
Loan Duration/Length
For 2020, C&f Select's most frequently cited loan duration was 30 Year, with 220 originations. The 2nd most popular length was 15 Year, with 9 originations.
Origination Fees/Closing Costs
C&f Select's average total fees were $4,485, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 160 originations.
Interest Rates
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 107 | $28,995,000 | $270,981 |
| 2.5-3% | 100 | $28,170,000 | $281,700 |
| 4-5% | 12 | $1,890,000 | $157,500 |
| <2.5% | 11 | $2,865,000 | $260,455 |
During 2020, C&f Select's average interest rate for loans was 3.16%, while their most frequently originated rate bucket for loans was 3-4%, with 107 originations.
Loan Sizing
2020 saw C&f Select place emphasis on $200k-400k loans with 123 originations, totaling $35,485,000 in origination value.
Applicant Income
C&f Select lent most frequently to those with incomes in the $50k-75k range, with 59 originations. The second most popular income band? $100k-150k, with 55 originations.
Applicant Debt to Income Ratio
C&f Select lent most frequently to those with DTI ratios of 30-36%, with 48 originations. The next most common DTI ratio? 20-30%, with 42 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications96.35%
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 origination83.91%
C&f Select has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 230 | $61,920,000 | $269,217 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| Single Family (1-4 Units):Manufactured | 3 | $325,000 | $108,333 |
| Single Family (1-4 Units):Site-Built | 227 | $61,595,000 | $271,344 |