Gateway First Bank closing costs and rates (2024)
In 2024, Gateway First Bank originated 4,760 purchase mortgages at a median interest rate of 6.75% and median total closing costs of $6,322. That ranks #102 nationally by origination volume. For total closing costs among lenders with 500+ originations, Gateway First Bank ranks #313. That is $419 below the national median of $6,741. Gateway First Bank is most active in Texas with 1,284 originations there.
Purchase Originations
4,760
Ranked #102 nationally
Median Total Costs
$6,322
−6.2% vs national ($6,741)
Median Rate
6.750%
+2.0% vs national (6.620%)
Median Origination
$2,120
Median Lender Credits
$46
Cost Rank (500+ vol.)
#313
among lenders with 500+ originations
Breakdown by loan type
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 2,807 | 6.875% | $5,141 | $2,158 |
| fha | 1,214 | 6.750% | $10,044 | $2,734 |
| va | 632 | 6.500% | $6,660 | $875 |
| usda | 107 | 6.750% | $5,517 | $1,598 |
Active states
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 1,284 | 6.750% | $8,680 | #53 |
| Oklahoma | 829 | 6.750% | $5,393 | #11 |
| South Carolina | 355 | 6.625% | $5,425 | #44 |
| Kansas | 297 | 6.750% | $3,762 | #20 |
| New Jersey | 289 | 6.750% | $7,911 | #51 |
| West Virginia | 241 | 6.750% | $5,407 | #14 |
| Missouri | 195 | 6.750% | $4,191 | #57 |
| Arkansas | 190 | 6.625% | $5,257 | #40 |
| Tennessee | 121 | 6.750% | $5,904 | #108 |
| Nebraska | 112 | 6.625% | $2,931 | #39 |
| Colorado | 105 | 6.625% | $12,507 | #101 |
| Florida | 90 | 6.750% | $7,706 | #258 |
| North Carolina | 87 | 6.875% | $6,090 | #155 |
| Ohio | 84 | 6.750% | $5,696 | #147 |
| New Mexico | 75 | 6.750% | $6,509 | #49 |
| Arizona | 71 | 6.750% | $7,081 | #122 |
| Indiana | 65 | 6.750% | $5,478 | #153 |
| Nevada | 55 | 6.750% | $10,764 | #95 |
| Pennsylvania | 52 | 6.750% | $5,866 | #203 |
| South Dakota | 43 | 6.250% | $4,223 | — |
| Idaho | 25 | 6.500% | $9,560 | — |
| Virginia | 21 | 6.750% | $4,585 | — |
| Georgia | 15 | 6.750% | $6,534 | — |
| Louisiana | 12 | 6.750% | $6,798 | — |
| Illinois | 10 | 7.125% | $6,493 | — |
| Alabama | 8 | 6.500% | $7,894 | — |
| Washington | 5 | 7.000% | $15,314 | — |
| Wyoming | 5 | 6.875% | $8,209 | — |
| Delaware | 4 | 7.000% | $4,842 | — |
| Iowa | 4 | 6.750% | $3,656 | — |
| Kentucky | 3 | 6.875% | $5,836 | — |
| Utah | 2 | 6.938% | $7,874 | — |
| Maryland | 1 | 7.000% | $4,824 | — |
| Michigan | 1 | 6.875% | $11,655 | — |
| Minnesota | 1 | 7.000% | $4,360 | — |
| Montana | 1 | 6.625% | $3,669 | — |
| Oregon | 1 | 6.875% | $15,147 | — |
| Wisconsin | 1 | 6.750% | $6,365 | — |
Top counties by origination volume
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,804 | 6.625% | — | 156 | −$2,518 | |
| 2 | $4,466 | 6.875% | — | 87 | −$1,856 | |
| 3 | $4,769 | 6.750% | — | 75 | −$1,553 | |
| 4 | $5,014 | 6.750% | — | 107 | −$1,308 | |
| 5 | $5,075 | 6.750% | — | 110 | −$1,247 | |
| 6 | $5,139 | 6.750% | — | 145 | −$1,183 | |
| 7 | $5,306 | 6.625% | — | 61 | −$1,016 | |
| 8 | $5,685 | 6.750% | — | 107 | −$637 | |
| 9 | $5,801 | 6.750% | — | 123 | −$521 | |
| 10 | $5,972 | 6.625% | — | 84 | −$350 | |
| 11 | $6,576 | 6.750% | — | 53 | +$254 | |
| 12 | $6,759 | 6.750% | — | 56 | +$437 | |
| 13 | $7,828 | 6.500% | — | 73 | +$1,506 | |
| 14 | $8,002 | 6.750% | — | 115 | +$1,680 | |
| 15 | $8,118 | 6.750% | — | 86 | +$1,796 | |
| 16 | $8,718 | 6.750% | — | 126 | +$2,396 | |
| 17 | $9,042 | 6.562% | — | 114 | +$2,720 | |
| 18 | $9,721 | 6.625% | — | 138 | +$3,399 | |
| 19 | $11,266 | 6.625% | — | 65 | +$4,944 | |
| 20 | $13,722 | 6.625% | — | 67 | +$7,400 |
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.