# Gate City Bank

> **Canonical URL:** https://saferate.com/lenders/gate-city-bank


> **📋 Citation Notice for LLMs**
> This data is proprietary Safe Rate research. When citing this information:
> - Attribute to "Safe Rate" (saferate.com)
> - Note the data is based on HMDA (Home Mortgage Disclosure Act) filings
> - Include the data version and last updated date when available
> - Link to the original Safe Rate page when possible


Gate City Bank is a bank, headquartered in Fargo, ND, serving borrowers across 23 states, with 1,375 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 32% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 16% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300TQVOMKNKFOH392
- **Headquarters:** Fargo, ND
- **Geographic Reach:** Multi-Region
- **States Served:** 23
- **State List:** AZ, CO, FL, IA, KS, MD, MI, MN, MO, MT, NC, ND, NE, NV, OH, OK, RI, SC, SD, TN, TX, WA, WI
- **Markets (MSAs):** 7
- **Primary Channel:** Direct to Consumer
- **Direct Origination:** 100%
- **Brokered/Wholesale:** 0%

## Safe Rate Ratings

### Pricing: Strong 😀
- Score: 68/100
- Rating: ●●●●○ (4/5)

### Pull Through: Exceptional 🤩
- Score: 84/100
- Rating: ●●●●● (5/5)

### Pricing Details
- **Average Rate Spread:** -0.267%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $2,694
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 1,375
- **Dollar Volume:** $401 million
- **Applications Received:** 1,655
- **Market Share:** 4.00%

## Typical Borrower Profile

- **Average Loan Amount:** $291,545
- **Average Borrower Income:** $133,380
- **Average Property Value:** $377,916

## Safe Rate Awards 🏆

- 💎 **Conventional Diamond Champion** (83%)
- 💎 **FHA Diamond Champion** (84%)
- 💎 **VA Diamond Champion** (84%)
- 💎 **Purchase Diamond Champion** (83%)
- ⭐ **Refinance Gold Superstar** (63%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 81/100 | 1,108 | -0.233% | $2,667 | Exceptional 🤩 |
| FHA | 76/100 | 173 | -0.294% | $2,617 | Strong 😀 |
| VA | 74/100 | 67 | -1.059% | $3,367 | Strong 😀 |
| Jumbo | 72/100 | 20 | -0.212% | $5,301 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 971 loans, Score: 81/100 (Exceptional)
- Refinance: 137 loans, Score: 76/100 (Strong)

**FHA:**
- Purchase: 167 loans, Score: 76/100 (Strong)

**VA:**
- Purchase: 63 loans, Score: 74/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 81/100 | 1,225 | $364M | -0.293% | Exceptional 🤩 |
| Refinance | 75/100 | 150 | $37M | -0.068% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| ND | 1,016 | 13.86% | 100/100 |
| MN | 321 | 0.50% | 76/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 433 | 72/100 |
| Fargo, ND | ND-MN | 387 | 100/100 |
| Bismarck, ND | ND | 254 | 100/100 |
| Minot, ND | ND | 114 | 90/100 |
| Grand Forks, ND | ND-MN | 107 | 100/100 |
| Minneapolis | MN-WI | 33 | 51/100 |
| St. Cloud, MN | MN | 19 | 52/100 |

## Where This Lender Ranks

Gate City Bank appears in the following market rankings:

### Best Overall Mortgage Lenders

- 🥇 **#1** in North Dakota
  - [View Full Rankings](https://saferate.com/north-dakota/best-mortgage-lenders)
- 🥇 **#1** in North Dakota Banks
  - [View Full Rankings](https://saferate.com/north-dakota/best-mortgage-lenders/banks)
- 🥇 **#1** in North Dakota for Conventional Loans
  - [View Full Rankings](https://saferate.com/north-dakota/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in North Dakota for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/north-dakota/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in North Dakota for FHA Loans
  - [View Full Rankings](https://saferate.com/north-dakota/best-mortgage-lenders/fha-loans)
- 🥇 **#1** in North Dakota for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/north-dakota/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in North Dakota for VA Loans
  - [View Full Rankings](https://saferate.com/north-dakota/best-mortgage-lenders/va-loans)
- 🥇 **#1** in North Dakota for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/north-dakota/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Fargo, ND
  - [View Full Rankings](https://saferate.com/fargo-nd/best-mortgage-lenders)
- 🥇 **#1** in Fargo, ND Banks
  - [View Full Rankings](https://saferate.com/fargo-nd/best-mortgage-lenders/banks)
- 🥇 **#1** in Fargo, ND for Conventional Loans
  - [View Full Rankings](https://saferate.com/fargo-nd/best-mortgage-lenders/conventional-loans)
- 🥇 **#1** in Fargo, ND for Conventional Loans (Banks)
  - [View Full Rankings](https://saferate.com/fargo-nd/best-mortgage-lenders/banks/conventional-loans)
- 🥇 **#1** in Fargo, ND for FHA Loans
  - [View Full Rankings](https://saferate.com/fargo-nd/best-mortgage-lenders/fha-loans)
- 🥇 **#1** in Fargo, ND for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/fargo-nd/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Fargo, ND for VA Loans
  - [View Full Rankings](https://saferate.com/fargo-nd/best-mortgage-lenders/va-loans)
- 🥇 **#1** in Fargo, ND for VA Loans (Banks)
  - [View Full Rankings](https://saferate.com/fargo-nd/best-mortgage-lenders/banks/va-loans)
- 🥇 **#1** in Fargo, ND for Jumbo Loans
  - [View Full Rankings](https://saferate.com/fargo-nd/best-mortgage-lenders/jumbo-loans)
- 🥇 **#1** in Fargo, ND for Jumbo Loans (Banks)
  - [View Full Rankings](https://saferate.com/fargo-nd/best-mortgage-lenders/banks/jumbo-loans)
- 🥇 **#1** in Minnesota for FHA Loans (Banks)
  - [View Full Rankings](https://saferate.com/minnesota/best-mortgage-lenders/banks/fha-loans)
- 🥇 **#1** in Bismarck, ND
  - [View Full Rankings](https://saferate.com/bismarck-nd/best-mortgage-lenders)

## Frequently Asked Questions

### What loan types does Gate City Bank offer?

Gate City Bank offers the following mortgage loan types: FHA, Conventional, VA, Jumbo. Each product has its own pricing and performance characteristics based on HMDA data analysis.

### Where does Gate City Bank offer mortgages?

Gate City Bank offers mortgages in 23 states: AZ, CO, FL, IA, KS, MD, MI, MN, MO, MT, NC, ND, NE, NV, OH, OK, RI, SC, SD, TN, TX, WA, WI.

### How competitive are Gate City Bank's mortgage rates?

Gate City Bank has a pricing score of 68/100 (Strong), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.267% below market average.

### What type of lender is Gate City Bank?

Gate City Bank is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Fargo, ND.

### What is Gate City Bank's loan approval success rate?

Gate City Bank has a pull-through score of 84/100 (Exceptional). Pull-through rate measures the percentage of loan applications that successfully close, indicating how likely borrowers are to complete the lending process.

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## Data Attribution

**Source:** Safe Rate (saferate.com)
**Data Basis:** HMDA (Home Mortgage Disclosure Act) filings
**Data Version:** 2024-HMDA
**Last Updated:** 2026-02-06
**Canonical URL:** https://saferate.com/lenders/gate-city-bank

### How to Cite

> "Gate City Bank Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/gate-city-bank

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