What loan types does WEST GATE BANK offer?

WEST GATE BANK offers the following mortgage loan types: FHA, Conventional, VA, usda. Each product has its own pricing score and performance metrics.

Where does WEST GATE BANK offer mortgages?

WEST GATE BANK offers mortgages in 16 states: AZ, CO, FL, IA, IL, KS, MN, MO, MT, ND, NE, NM, OK, SD, TX, WY.

How competitive are WEST GATE BANK's mortgage rates?

WEST GATE BANK has an overall pricing score of 83.3/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is WEST GATE BANK?

WEST GATE BANK is a Bank headquartered in Lincoln, NE.

Unclaimed

West Gate Bank

Bank•Lincoln, NE•Direct to Consumer

We analyzed every closed loan from West Gate Bank — 1.8k loans across 2k applications— and benchmarked them against peer lenders across the 4 Ps of Mortgage Shopping.

Pricing

Exceptional

vs. all lenders

Pull Through

Exceptional

closing strength

Products

Exceptional

FHA · Conventional · VA · USDA

Place

Strong

Multi-Region · 8 mkts

Safe Rate Awards💎Conventional Champion⭐VA Superstar⭐Purchase Superstar⭐Refinance Superstar

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Safe Rate's Summary

What They Do Well

Offers rates 3.70 basis points below market average
Lower than average lender fees
Strong pull through performance
Particularly strong in Conventional and VA and USDA loans

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Report Card

West Gate Bank performance at a glance

Category	Score	vs. Peers
Overall Performance· Pricing & closing strength
Pricing Rate competitiveness	Exceptional	Market Leader Rates 3.7 bps below market avg
Pull Through Closing strength	Exceptional	Market Leader Top 20% of lenders
By Loan Product· Specialization by type
Conventional	Exceptional	Market Leader Top 20% of lenders
FHA	Sound	Industry Standard Top 60% of lenders
VA	Strong	Highly Competitive Top 40% of lenders
USDA	Strong	Highly Competitive Top 40% of lenders
By Loan Purpose· Transaction purpose mix
Purchase	Strong	Highly Competitive Top 40% of lenders
Refinance	Strong	Highly Competitive Top 40% of lenders
By Location· Geographic coverage
Geographic Reach Coverage footprint	Strong	Highly Competitive Top 40% of lenders Multi-Regional9 markets

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Exceptional	Exceptional	Exceptional	Exceptional	1,646	93.5%	-0.021%Below	$1,110Fees
FHA Loans	Sound	Sound	—	Sound	33	1.9%	-0.036%Below	$585Fees
VA Loans	Strong	Strong	Strong	Strong	62	3.5%	-0.546%Below	$1,635Fees
USDA Loans	Strong	Strong	—	Strong	18	1.0%	-0.298%Below	$1,125Fees

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Strong	Exceptional	Strong	1,478	84.0%	-0.028%Below	$1,142Fees
Refinance	Strong	Strong	Strong	Exceptional	282	16.0%	-0.082%Below	$1,009Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

1,760

Applications

2,006

Volume

$459 million

Pricing & Closing

Avg Rate Spread

-0.037%

vs. market APOR

Avg Net Fees

$1,120

Origination − Credits

Pullthrough Rate

87.7%

Applications → Closed

Typical Borrower

Avg Loan Amount

$260,864

Avg Borrower Income

$129,532

Avg Property Value

$360,170

Geographic Coverage

Geographic Performance

Metro Areas

States Served

We count Washington DC as a state

Avg Place Specialization

Strong

States with Loan Originations

AZCOFLIAILKSMNMOMTNDNENMOKSDTXWY

Top Metro Areas by Place Specialization Score

Omaha, NE, NE-IAMSA

Volume: 429Mix: 24.38%of portfolio

Place

Exceptional

Lincoln, NE, NEMSA

Volume: 310Mix: 17.61%of portfolio

Place

Exceptional

Grand Island, NE, NEMSA

Volume: 34Mix: 1.93%of portfolio

Place

Strong

Sioux City, IAMSA

Volume: 31Mix: 1.76%of portfolio

Place

Sound

Des Moines, IAMSA

Volume: 36Mix: 2.05%of portfolio

Place

Sound

Ames, IA, IAMSA

Volume: 14Mix: 0.80%of portfolio

Place

Sound

Waterloo, IAMSA

Volume: 12Mix: 0.68%of portfolio

Place

Sound

Sioux Falls, SD, SD-MNMSA

Volume: 11Mix: 0.62%of portfolio

Place

Sound

Top States by Place Specialization Score

NEState

Volume: 1,396Mix: 79.32%of portfolio

Place

Exceptional

IAState

Volume: 248Mix: 14.09%of portfolio

Place

Strong

WYState

Volume: 30Mix: 1.70%of portfolio

Place

Sound

SDState

Volume: 24Mix: 1.36%of portfolio

Place

Sound

KSState

Volume: 11Mix: 0.62%of portfolio

Place

Acceptable

COState

Volume: 12Mix: 0.68%of portfolio

Place

Acceptable

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)

Pricing

Rate and fee competitiveness (33%)

Pull Through

Reliability in closing loans (33%)

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.

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The 4 PsRankings are calculated based on observed lender differences on closed loans across Pricing, Pull-through, Product, and Place.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.