Looking for a different lender?
G
Gate City Bank
Bank|Fargo, ND|Multi-Region
Loans Originated
1,375
Applications
1,655
Volume
$400 million
Offers loans directly to consumers
Overall Pricing
Strong
Overall Pull Through
Exceptional
Safe Rate Awards💎Conventional Champion💎FHA Champion💎VA Champion💎Purchase Champion⭐Refinance Superstar
Pricing and Pullthrough Overview
Average Rate Spread
-0.267%
The average of the lender's APR minus the market's average APR (APOR)
Average Net Fees
$2,694
Borrower paid Origination Charges - Lender Credits
Pullthrough Rate
83.1%
Percentage of applications that result in closed loans
Safe Rate's Summary
What They Do Well
- Offers rates 26.70 basis points below market average
- Strong pull through performance
- Particularly strong in Conventional and FHA and VA and Jumbo loans
Report Card
Gate City Bank performance at a glance
| Category | Rating | Grade | Details |
|---|---|---|---|
Pricing Rate competitiveness | Strong | Highly Competitive | |
Pull Through Closing Strength | Exceptional | Market Leader | |
Products Loan Type Specialists | Specialization score by loan product | ||
Conventional | Exceptional | Market Leader | |
FHA | Strong | Highly Competitive | |
VA | Strong | Highly Competitive | |
Jumbo | Strong | Highly Competitive | |
Purpose Reason specialization | Specialization score by loan purpose | ||
Purchase | Exceptional | Market Leader | |
Refinance | Strong | Highly Competitive | |
Places Geographic coverage | Exceptional | Multi-Regional · 7 metro areas · 23 states |
Rating Scale:
Exceptional (80-100)
Strong (60-79)
Sound (40-59)
Acceptable (20-39)
Mediocre (0-19)
Typical Borrower Profile
Average Loan Amount
$291,545
Average Borrower Income
$133,380
Average Property Value
$377,916
Performance by Loan Product
| Loan Type | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Conventional | Exceptional | Exceptional | Strong | Exceptional | 1,108 | 80.6% | -0.233% | $2,667 |
FHA Loans | Exceptional | Strong | Exceptional | Exceptional | 173 | 12.6% | -0.294% | $2,617 |
VA Loans | Exceptional | Strong | Exceptional | Exceptional | 67 | 4.9% | -1.059% | $3,367 |
Jumbo Loans | Strong | Strong | N/A | Strong | 20 | 1.5% | -0.212% | $5,301 |
Performance by Loan Purpose
| Purpose | Overall | Product | Pricing | Pull Through | Volume | Mix | Spread | Fees |
|---|---|---|---|---|---|---|---|---|
Purchase | Exceptional | Exceptional | Strong | Exceptional | 1,225 | 89.1% | -0.293% | $2,783 |
Refinance | Strong | Strong | Sound | Strong | 150 | 10.9% | -0.068% | $1,995 |
Geographic Coverage
Metro Areas
6
States Served
23
We count Washington DC as a state
Avg Place Specialization
Exceptional
States with Loan Originations
AZCOFLIAKSMDMIMNMOMTNCNDNENVOHOKRISCSDTNTXWAWI
Top Metro Areas by Place Specialization Score
1
Fargo, ND, ND-MNMSA
Volume: 387Mix: 28.15%
Place Specialization
Exceptional
2
Bismarck, ND, NDMSA
Volume: 254Mix: 18.47%
Place Specialization
Exceptional
3
Grand Forks, ND, ND-MNMSA
Volume: 107Mix: 7.78%
Place Specialization
Exceptional
4
Minot, ND, NDMSA
Volume: 114Mix: 8.29%
Place Specialization
Exceptional
5
St. Cloud, MN, MNMSA
Volume: 19Mix: 1.38%
Place Specialization
Sound
6
Minneapolis, MN-WIMSA
Volume: 33Mix: 2.40%
Place Specialization
Sound
Top States by Place Specialization Score
1
NDState
Volume: 1,016Mix: 73.89%
Place Specialization
Exceptional
2
MNState
Volume: 321Mix: 23.35%
Place Specialization
Strong
How We Rank Lenders
Our rankings use geometric mean scoring across equally-weighted categories. This rewards lenders who perform consistently well across all metrics, not just excel in one area.
Our Point System (Max 30 Points)
10
Pricing
Rate and fee competitiveness (33%)
10
Pull Through
Reliability in closing loans (33%)
10
Product
Specialization in the loan type (33%)
💎
Champion(80%+ = 24-30 points)
⭐
Superstar(60-79% = 18-23 points)
Data Integrity & Updates
Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.
Ready to Get Started?
Compare Gate City Bank with other lenders or get personalized recommendations.