Gate City Bank mortgage approval rate & lending review
Gate City Bank decided 2,359 mortgage applications and funded 2,138 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Gate City Bank reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Gate City Bank at a glance
Approval is 13.9 points above the 78.3% national rate for the same mix of loan types.
Approval rates by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 98% | 1,086 / 1,111 | 99% | $275K | 1,078 |
| Home improvement loans | 87% | 583 / 671 | 97% | $55K | 564 |
| Cash-out refinance | 79% | 42 / 53 | 98% | $255K | 41 |
| Refinance | 92% | 272 / 296 | 98% | $105K | 266 |
| Investment property purchase | 90% | 154 / 172 | 99% | $205K | 153 |
| Investment refinance | 66% | 25 / 38 | 100% | $105K | 25 |
Gate City Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| North Dakota | 93% | $275K | 2,060 | 1,876 |
| Minnesota | 92% | $335K | 169 | 153 |
| Arizona | 94% | $325K | 33 | 31 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Gate City Bank lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Stearns County, MN | Mortgage lenders | 96% | 25 | 24 |
The county markets where Gate City Bank made the most loans. Each link opens that market with every lender ranked.
Questions about Gate City Bank
What is Gate City Bank's mortgage approval rate?
Gate City Bank approved 92.1% of the 2,359 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 13.9 points above the 78.3% national rate for the same mix of loan types.
How often do borrowers take the loan Gate City Bank offers?
Borrowers accepted 98% of the loans Gate City Bank approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Gate City Bank make?
The typical home purchase mortgage loan Gate City Bank made was $275K; across all loan types its typical loan ran from $55K to $275K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Gate City Bank lend?
Gate City Bank decided applications in 32 of the states Fat Boy Data covers, most of them in North Dakota, Minnesota and Arizona.
Can I apply to Gate City Bank directly?
Yes. Gate City Bank is a bank or credit union with 45 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Gate City Bank's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Gate City Bank treats applications, then get a rate quote from the lender.