We can’t do everything.
But we can get your mortgage right.

From first questions to final paperwork, C&F Mortgage is here to help you make sense of your options and feel focused and confident every step of the way.

Why C&F Mortgage?

Because a mortgage isn’t just a transaction. It’s personal. At C&F mortgage, we take the time to understand what you need, explain your options, and guide you through the process from start to finish. You’ll work with real people who know your community, answer your questions honestly, and stay focused on helping you find the right solution. Not just a solution.

If it matters to you, it matters to us. And we’ll doeverything we can to help get you there.

What Are You Looking For?

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What are you looking for?

C&F

University

Mortgages come with a lot of questions, and that’s normal. C&F University is here to help you understand the process, explore your options, and make informed decisions at your own pace. No pressure, no jargon. Just helpful guidance, when you need it.

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Interested in a specific loan product?

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Frequently Asked

Questions

How much do I need for a down payment?

The most frequently asked question when buying a home is usually “How much down payment are we going to need?” You may hear you need 20% of the purchase price but you can actually buy your home by putting as low as 0% down with certain program options. Call your C&F loan officer for loan programs that offer low down payment options.

How can I help ensure a smooth loan process?

Keep the lines of communication open with your loan officer.
Respond quickly to requests for additional information or documents.
Be assured that we do not ask for more than is absolutely necessary based on current mortgage loan requirements.
Advise your loan officer immediately of any change to your financial profile: job change, additional debts, credit inquiries, etc. Serious consequences may result if you sign final closing documents without doing so.

Why does the APR differ from the interest rate?

In addition to the interest rate, the APR also includes other costs like prepaid interest and mortgage insurance, as well as other fees. As a result, the APR is usually higher than your interest rate.

What is a Loan Estimate?

A Loan Estimate is a three-page form that you receive within three business days of your loan application.
The Loan Estimate discloses important details about the loan you requested, including monthly payments, estimated cash to close, and a detail of the closing costs involved in the transaction.

What is a Closing Disclosure?

At least three business days prior to closing you will receive a Closing Disclosure, which is a five-page document that gives you the final details of your loan. It outlines how much you are paying in fees and other costs to obtain your mortgage.

Can I become a homebuyer even if I have had some previous issues with my credit and/or do not have much for a down payment?

It is certainly possible. Please contact your C&F Loan Officer for a detailed analysis of your particular situation.

What is included in my monthly mortgage payment?

Principal: the repayment of the amount you actually borrowed
Interest: payment to the lender for the money you’ve borrowed
Homeowner’s Insurance: a monthly amount to insure the property against loss from fire, smoke, theft, and other hazards
Property Taxes: the annual city/county taxes assessed on your property
Mortgage Insurance: a monthly amount to insure the loan against a borrower defaulting. (not always required)

What does MI mean?

Mortgage insurance is usually required on a conventional loan any time that the down payment is less than 20% of the sales price (or the appraised value if the appraisal is lower than the sales price) of the property. Premiums vary based on the amount of down payment and credit scores. Higher coverage is required with a lower down payment to address the greater risk. This insurance protects the lender should you default on the loan and it’s required by the investor. On an FHA loan, it’s automatically required upfront and monthly.

What are closing costs and how can I anticipate what they will be?

Closing costs typically range between two to four percent of the purchase price of your house. You will receive a Loan Estimate outlining these costs within three days of your completed loan application.

What does it mean when you “lock in” a rate?

Mortgage interest rates can change daily and sometimes hourly. If your rate is locked, your rate will not change from the lock in date to the closing date as long as you close within the specific time frame and there are no changes to your loan application.

What is an escrow account?

Lenders put a portion of your monthly mortgage loan payment into an escrow account to cover your homeowner’s insurance, flood insurance if applicable, and your property taxes. When these payments are due, the loan servicer pays them from your escrow account on your behalf.

What is a fixed rate mortgage loan (FRM)?

A fixed rate mortgage carries the same rate for the term of the mortgage loan. The interest rate and term are fixed at the start of the mortgage loan. The monthly amount for the payment of principal and interest will not change during the term of the mortgage loan, regardless of market conditions.

What are points and should I pay them?

Points and discount points are the same thing. They are percentage points of the loan amount. They are an elective fee that you may choose to pay at the time of closing. They reduce the interest rate that you pay. Your C&F Loan Officer will help you look at the options.

What is title insurance?

Title insurance is a policy that guarantees the accuracy of the title work done on your home at the time of purchase or refinance and is provided by the title company. As a buyer, you are required to purchase a lender title insurance policy, which only protects the mortgage company, as part of your standard closing costs. You can choose to purchase an owner title insurance policy, which would protect you against any loss in the event of any legal issues relating to the title of your home.