C&F Mortgage Corp Interest Rate and Cost Review

Is C&F Mortgage Corp a cheap or expensive mortgage lender? We compare the interest rates and closing costs charged by C&F Mortgage Corp with other lenders for comparable mortgages. Nationally, here is what we find:

Interest Ratesimilar to average (-0.02%)
Loan Related Closing Costssimilar to average (-$164)
National Rate and Closing Cost Rating(4.0)

On average, C&F Mortgage Corp’s interest rates were similar to those of other lenders (-0.02%) for a comparable set of borrowers. Its average total loan related closing cost was similar to those of other lenders, with a difference of -$164. Overall, combining interest rates and closing costs we estimate that C&F Mortgage Corp tends to be an average cost lender, and give it a National Rate and Closing Costs Rating of 4.0 out of 5.0 stars.

C&F Mortgage Corp’s Rates by Area

Mortgage lenders often set different rates in different geographical markets. In particular, among the markets we track C&F Mortgage Corp was most active in:

  1. Richmond, VA
  2. Washington, DC
  3. Virginia Beach, VA
  4. Staunton, VA
  5. Stafford Courthouse, VA

Furthermore, C&F Mortgage Corp is our top ranked mortgage lender in terms of interest rate and closing costs in:

  1. Staunton, VA, for FHA mortgages
  2. Colonial Beach, VA, for FHA mortgages
  3. Harrisonburg, VA, for Conforming mortgages

You can click through to check out C&F Mortgage Corp’s mortgage rate competitiveness by area. Or, for our data driven ranking of all the top mortgage lenders by area, click here.

C&F Mortgage Corp’s Rates by Mortgage Type

Mortgage lenders also tend to charge different interest rates and closing costs depending on the type of mortgage. In our data, C&F Mortgage Corp originated Conforming, FHA, USDA and VA mortgages for new home purchases and refinances. We breakdown its interest rate and total loan related closing cost difference relative to other lenders for comparable mortgages by type in the table below.

New Purchase MortgagesConformingFHAUSDAVA
Interest Rate Difference-0.01%-0.01%-0.04%+0.07%
Loan Related Closing Cost Difference-$116-$98+$3-$153
Cost Adjusted Rate Difference-0.09%-0.02%-0.04%+0.06%
Star Rating(4.0)(3.5)(3.5)(3.0)
Refinance MortgagesConformingFHAUSDAVA
Interest Rate Difference-0.08%+0.03%+0.01%+0.03%
Loan Related Closing Cost Difference-$457-$62-$23-$22
Cost Adjusted Rate Difference-0.11%+0.02%+0.01%+0.03%
Star Rating(4.0)(3.5)(3.5)(3.5)

As a summary, C&F Mortgage Corp is cheap for Conforming purchase mortgages. It is similar to other lenders for FHA and USDA purchase mortgages. It is more expensive than other lenders for VA purchase mortgages. For refinancing, C&F Mortgage Corp is cheap for Conforming mortgage refinance. It is similar to other lenders for FHA, USDA and VA mortgage refinance. Nevertheless, individual circumstances can matter, and we always recommend shopping among several lenders in your area before signing.

Other information about C&F Mortgage Corp:

Registered name: C&F Mortgage Corp
Registered city and state: Midlothian, VA, 23113
Regulator: Federal Deposit Insurance Corporation (FDIC)

* Source of the data is Federal Financial Institutions Examination Council (FFIEC) and is for mortgages originated in the past year. Our comparable mortgages analysis controls for C&F Mortgage Corp’s distribution of loan term (e.g. 30 year vs 15 year), loan-to-value (LTV), debt-to-income (DTI), loan amount, loan program (e.g. Conforming/FHA), loan purpose (e.g. purchase/refinance), and commuting zone. Cost adjusted rates were computed based on each percent of the loan amount in above average loan related closing costs being worth +0.15 of a percentage point in interest rate. Furthermore, the amounts are regularized using a Bayesian approach to control for small samples.