# WEST GATE BANK

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

WEST GATE BANK is a bank, headquartered in Lincoln, NE, serving borrowers across 16 states, with 1,760 loans originated in the most recent reporting period.

**At a Glance:**
- **Pricing:** Ranks in the top 17% of lenders for competitive rates
- **Approval Rate:** Ranks in the top 20% for loan approval success

## Overview

- **Institution Type:** Bank
- **LEI (Legal Entity Identifier):** 549300QLO8TSQW5JTK72
- **Headquarters:** Lincoln, NE
- **Geographic Reach:** Multi-Region
- **States Served:** 16
- **State List:** AZ, CO, FL, IA, IL, KS, MN, MO, MT, ND, NE, NM, OK, SD, TX, WY
- **Markets (MSAs):** 9
- **Primary Channel:** mix
- **Direct Origination:** 28.8%
- **Brokered/Wholesale:** 71.2%

## Safe Rate Ratings

### Pricing: Exceptional 🤩
- Score: 83/100
- Rating: ●●●●● (5/5)

### Pull Through: Exceptional 🤩
- Score: 80/100
- Rating: ●●●●● (5/5)

### Pricing Details
- **Average Rate Spread:** -0.037%
  - *(Average of lender's APR minus market average APR)*
- **Average Net Fees:** $1,120
  - *(Borrower paid Origination Charges minus Lender Credits)*

### Lending Volume
- **Total Loans:** 1,760
- **Dollar Volume:** $459 million
- **Applications Received:** 2,006
- **Market Share:** 5.00%

## Typical Borrower Profile

- **Average Loan Amount:** $260,864
- **Average Borrower Income:** $129,532

## Safe Rate Awards 🏆

- 💎 **Conventional Diamond Champion** (90%)
- ⭐ **VA Gold Superstar** (70%)
- ⭐ **Purchase Gold Superstar** (78%)
- ⭐ **Refinance Gold Superstar** (77%)

## Performance by Loan Product

| Product | Score | Volume | Avg Spread | Avg Fees | Rating |
|---------|-------|--------|------------|----------|--------|
| Conventional | 81/100 | 1,646 | -0.021% | $1,110 | Exceptional 🤩 |
| FHA | 58/100 | 33 | -0.036% | $585 | Sound ☺️ |
| VA | 70/100 | 62 | -0.546% | $1,635 | Strong 😀 |
| USDA | 76/100 | 18 | -0.298% | $1,125 | Strong 😀 |

### Product Performance by Purpose

**Conventional:**
- Purchase: 1,370 loans, Score: 81/100 (Exceptional)
- Refinance: 276 loans, Score: 78/100 (Strong)

**FHA:**
- Purchase: 32 loans, Score: 58/100 (Sound)

**VA:**
- Purchase: 57 loans, Score: 69/100 (Strong)

## Performance by Loan Purpose

| Purpose | Score | Volume | Dollar Volume | Avg Spread | Rating |
|---------|-------|--------|---------------|------------|--------|
| Purchase | 79/100 | 1,478 | $386M | -0.028% | Strong 😀 |
| Refinance | 77/100 | 282 | $73M | -0.082% | Strong 😀 |

## State Performance

| State | Volume | Market Share | Place Score |
|-------|--------|--------------|-------------|
| NE | 1,396 | 6.53% | 100/100 |
| IA | 248 | 0.70% | 72/100 |
| WY | 30 | 0.48% | 57/100 |
| SD | 24 | 0.27% | 51/100 |
| CO | 12 | 0.01% | 38/100 |
| KS | 11 | 0.04% | 40/100 |

## Top Metro Markets (MSAs)

| Market | State | Volume | Place Score |
|--------|-------|--------|-------------|
| Non |  | 830 | 78/100 |
| Omaha, NE | NE-IA | 429 | 91/100 |
| Lincoln, NE | NE | 310 | 89/100 |
| Des Moines | IA | 36 | 55/100 |
| Grand Island, NE | NE | 34 | 76/100 |
| Sioux City, IA |  | 31 | 58/100 |
| Ames, IA | IA | 14 | 47/100 |
| Waterloo | IA | 12 | 43/100 |
| Sioux Falls, SD | SD-MN | 11 | 42/100 |

## Frequently Asked Questions

### 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 and performance characteristics based on HMDA data analysis.

### 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 a pricing score of 83/100 (Exceptional), based on analysis of their loan data including average rate spread and fees compared to market benchmarks.
Their average rate spread is 0.037% below market average.

### What type of lender is WEST GATE BANK?

WEST GATE BANK is a federally or state-chartered bank that offers mortgage lending as part of its broader banking services, headquartered in Lincoln, NE.

### What is WEST GATE BANK's loan approval success rate?

WEST GATE BANK has a pull-through score of 80/100 (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:** 2026-05-29
**Canonical URL:** https://saferate.com/lenders/west-gate-bank

### How to Cite

> "WEST GATE BANK Mortgage Lender Profile." Safe Rate, 2026. https://saferate.com/lenders/west-gate-bank

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