Purchase Originations
1,151
Ranked #340 nationally
Median Total Costs
$5,904
−11.6% vs national ($6,680)
↑ $394 vs prior year
Median Rate
6.000%
−7.5% vs national (6.490%)
↓ 0.125% vs prior year
Median Origination
$3,230
Median Lender Credits
$250
Cost Rank (500+ vol.)
#269
among lenders with 500+ originations
Denial Rate
1.7%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 926 | 6.125% | $5,586 | $3,299 |
| fha | 154 | 5.875% | $9,176 | $2,969 |
| va | 67 | 5.625% | $8,078 | $2,911 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| North Dakota | 925 | 6.000% | $5,889 | #1 |
| Minnesota | 205 | 6.125% | $5,904 | #60 |
| Montana | 3 | 5.875% | $9,275 | — |
| South Dakota | 3 | 5.750% | $5,885 | — |
| Colorado | 2 | 6.000% | $10,998 | — |
| North Carolina | 2 | 6.250% | $6,459 | — |
| Arizona | 1 | 6.375% | $6,659 | — |
| California | 1 | 6.375% | $12,977 | — |
| Illinois | 1 | 6.375% | $3,227 | — |
| Indiana | 1 | 6.375% | $4,994 | — |
| Michigan | 1 | 6.000% | $9,881 | — |
| Nebraska | 1 | 6.625% | $2,350 | — |
| Oregon | 1 | 6.500% | $5,958 | — |
| Virginia | 1 | 6.125% | $7,468 | — |
| Washington | 1 | 5.250% | $6,657 | — |
| Wisconsin | 1 | 6.625% | $3,506 | — |
| West Virginia | 1 | 6.375% | $3,396 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,609 | 6.375% | — | 7 | −$2,295 | |
| 2 | $4,155 | 6.125% | — | 29 | −$1,749 | |
| 3 | $4,587 | 5.875% | — | 5 | −$1,317 | |
| 4 | $4,736 | 6.075% | — | 12 | −$1,168 | |
| 5 | $5,436 | 6.125% | — | 85 | −$468 | |
| 6 | $5,474 | 6.112% | — | 90 | −$430 | |
| 7 | $5,687 | 5.850% | — | 11 | −$217 | |
| 8 | $5,977 | 6.125% | — | 294 | +$73 | |
| 9 | $6,035 | 5.875% | — | 94 | +$131 | |
| 10 | $6,096 | 6.000% | — | 178 | +$192 | |
| 11 | $6,138 | 6.375% | — | 6 | +$234 | |
| 12 | $6,300 | 5.950% | — | 43 | +$396 | |
| 13 | $6,376 | 6.200% | — | 35 | +$472 | |
| 14 | $6,591 | 5.875% | — | 14 | +$687 | |
| 15 | $6,853 | 6.312% | — | 14 | +$949 | |
| 16 | $6,884 | 6.125% | — | 29 | +$980 | |
| 17 | $6,934 | 5.938% | — | 8 | +$1,030 | |
| 18 | $7,372 | 6.000% | — | 55 | +$1,468 | |
| 19 | $7,411 | 6.250% | — | 10 | +$1,507 | |
| 20 | $7,909 | 6.125% | — | 9 | +$2,005 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2025. Sorted by median total loan costs.
Peer set: the 50 highest-volume U.S. mortgage lenders in 2025 (min. 8,254 purchase originations).
| Metric | Gate City Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $275,000 | $335,000 | −$60,000 (−17.9%) |
| Median total closing costs | $5,904 | $7,127 | −$1,223 (−17.2%) |
Other high-volume lenders side-by-side.
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Data source: HMDA Modified Loan Application Register 2025, published by the Consumer Financial Protection Bureau (CFPB).
Statistics reflect originated first-lien purchase mortgages on owner-occupied principal residences. Medians exclude loans with exempt or unreported fee disclosures. Learn more at ffiec.cfpb.gov.