Gate City Bank closing costs and rates (2024)
In 2024, Gate City Bank originated 1,192 purchase mortgages at a median interest rate of 6.12% and median total closing costs of $5,510. That ranks #320 nationally by origination volume. For total closing costs among lenders with 500+ originations, Gate City Bank ranks #244. That is $1,231 below the national median of $6,741. Gate City Bank is most active in North Dakota with 917 originations there.
Purchase Originations
1,192
Ranked #320 nationally
Median Total Costs
$5,510
−18.3% vs national ($6,741)
Median Rate
6.125%
−7.5% vs national (6.620%)
Median Origination
$3,004
Median Lender Credits
$500
Cost Rank (500+ vol.)
#244
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 954 | 6.125% | $5,051 | $2,995 |
| fha | 168 | 5.625% | $9,415 | $3,022 |
| va | 63 | 5.625% | $9,738 | $3,136 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| North Dakota | 917 | 6.000% | $5,511 | #1 |
| Minnesota | 252 | 6.125% | $5,462 | #54 |
| South Dakota | 4 | 5.875% | $5,623 | — |
| Montana | 3 | 6.000% | $6,801 | — |
| North Carolina | 3 | 6.500% | $5,151 | — |
| Colorado | 2 | 6.250% | $5,507 | — |
| Wisconsin | 2 | 6.312% | $4,442 | — |
| Iowa | 1 | 6.375% | $6,596 | — |
| Kansas | 1 | 6.125% | $6,332 | — |
| Maryland | 1 | 6.250% | $4,422 | — |
| Michigan | 1 | 6.625% | $8,943 | — |
| Nebraska | 1 | 6.000% | $5,807 | — |
| Ohio | 1 | 6.500% | $7,179 | — |
| Tennessee | 1 | 6.625% | $7,728 | — |
| Texas | 1 | 5.625% | $4,799 | — |
| Washington | 1 | 6.000% | $9,690 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,723 | 6.438% | — | 12 | −$1,787 | |
| 2 | $4,050 | 5.250% | — | 9 | −$1,460 | |
| 3 | $4,217 | 5.750% | — | 34 | −$1,293 | |
| 4 | $4,754 | 5.875% | — | 18 | −$756 | |
| 5 | $5,065 | 6.375% | — | 17 | −$445 | |
| 6 | $5,071 | 6.125% | — | 81 | −$439 | |
| 7 | $5,238 | 6.000% | — | 169 | −$272 | |
| 8 | $5,373 | 6.000% | — | 30 | −$137 | |
| 9 | $5,450 | 6.125% | — | 297 | −$60 | |
| 10 | $5,579 | 6.125% | — | 47 | +$69 | |
| 11 | $5,636 | 6.125% | — | 14 | +$126 | |
| 12 | $5,654 | 6.125% | — | 82 | +$144 | |
| 13 | $5,715 | 6.062% | — | 12 | +$205 | |
| 14 | $6,276 | 5.750% | — | 49 | +$766 | |
| 15 | $6,421 | 6.062% | — | 10 | +$911 | |
| 16 | $6,449 | 6.125% | — | 6 | +$939 | |
| 17 | $6,515 | 5.625% | — | 97 | +$1,005 | |
| 18 | $7,156 | 6.438% | — | 6 | +$1,646 | |
| 19 | $7,168 | 6.000% | — | 15 | +$1,658 | |
| 20 | $8,142 | 5.875% | — | 68 | +$2,632 |
Includes lenders with 1+ purchase originations in top counties. Source: HMDA 2024. Sorted by median total loan costs.
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Data source: HMDA Modified Loan Application Register 2024, 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.