Purchase Originations
4,530
Ranked #107 nationally
Median Total Costs
$5,959
−10.8% vs national ($6,680)
↓ $363 vs prior year
Median Rate
6.500%
+0.1% vs national (6.490%)
↓ 0.250% vs prior year
Median Origination
$1,790
Median Lender Credits
$50
Cost Rank (500+ vol.)
#272
among lenders with 500+ originations
Denial Rate
2.7%
vs national avg (9.0%)
| Loan type | Volume | Median Rate | Median Total Costs | Median Origination |
|---|---|---|---|---|
| conventional | 2,695 | 6.625% | $4,934 | $1,846 |
| fha | 1,162 | 6.500% | $9,479 | $2,196 |
| va | 577 | 6.250% | $5,727 | $259 |
| usda | 96 | 6.250% | $5,638 | $1,613 |
| State | Volume | Median Rate | Median Total Costs | State Rank |
|---|---|---|---|---|
| Texas | 1,017 | 6.500% | $8,389 | #62 |
| Oklahoma | 926 | 6.500% | $5,361 | #12 |
| South Carolina | 470 | 6.500% | $5,700 | #34 |
| Kansas | 427 | 6.500% | $3,729 | #12 |
| West Virginia | 265 | 6.625% | $5,454 | #13 |
| Arkansas | 214 | 6.500% | $4,493 | #35 |
| Missouri | 151 | 6.625% | $3,622 | #68 |
| New Jersey | 141 | 6.625% | $7,476 | #79 |
| Tennessee | 112 | 6.625% | $5,937 | #116 |
| Colorado | 104 | 6.250% | $12,528 | #105 |
| North Carolina | 104 | 6.750% | $5,159 | #149 |
| Ohio | 94 | 6.750% | $6,517 | #140 |
| New Mexico | 89 | 6.500% | $5,717 | #42 |
| Florida | 81 | 6.500% | $7,524 | #256 |
| South Dakota | 53 | 6.375% | $4,145 | #32 |
| Nevada | 46 | 6.562% | $7,121 | — |
| Nebraska | 43 | 6.500% | $3,271 | — |
| Pennsylvania | 41 | 6.625% | $5,139 | — |
| Indiana | 37 | 6.500% | $4,136 | — |
| Idaho | 29 | 6.250% | $8,202 | — |
| Arizona | 15 | 6.750% | $5,715 | — |
| Virginia | 14 | 6.625% | $6,167 | — |
| Georgia | 10 | 6.750% | $5,076 | — |
| Utah | 7 | 5.875% | $6,445 | — |
| Alabama | 5 | 6.875% | $7,423 | — |
| Illinois | 5 | 7.250% | $4,034 | — |
| Louisiana | 5 | 6.500% | $4,559 | — |
| Iowa | 4 | 6.625% | $3,557 | — |
| Kentucky | 4 | 6.938% | $5,137 | — |
| Michigan | 4 | 6.688% | $4,464 | — |
| Washington | 3 | 6.625% | $12,571 | — |
| Mississippi | 2 | 7.125% | $5,510 | — |
| Oregon | 2 | 6.812% | $9,840 | — |
| Wyoming | 2 | 6.062% | $10,551 | — |
| California | 1 | 6.750% | $12,236 | — |
| District of Columbia | 1 | 7.500% | $6,552 | — |
| Maryland | 1 | 7.000% | $2,984 | — |
| Montana | 1 | 7.500% | $4,377 | — |
| Rank | Lender | Median Total Costs ↑ | Median Rate ↕ | Median Origination ↕ | Volume ↕ | vs. Median |
|---|---|---|---|---|---|---|
| 1 | $3,716 | 6.500% | — | 240 | −$2,243 | |
| 2 | $4,351 | 6.500% | — | 81 | −$1,608 | |
| 3 | $4,404 | 6.125% | — | 58 | −$1,555 | |
| 4 | $4,582 | 6.625% | — | 126 | −$1,377 | |
| 5 | $4,902 | 6.375% | — | 59 | −$1,057 | |
| 6 | $5,092 | 6.625% | — | 171 | −$867 | |
| 7 | $5,095 | 6.625% | — | 129 | −$864 | |
| 8 | $5,159 | 6.500% | — | 92 | −$800 | |
| 9 | $5,313 | 6.500% | — | 126 | −$646 | |
| 10 | $5,625 | 6.500% | — | 64 | −$334 | |
| 11 | $5,660 | 6.625% | — | 137 | −$299 | |
| 12 | $5,965 | 6.750% | — | 63 | +$6 | |
| 13 | $6,630 | 6.375% | — | 146 | +$671 | |
| 14 | $7,187 | 6.625% | — | 103 | +$1,228 | |
| 15 | $7,211 | 6.500% | — | 71 | +$1,252 | |
| 16 | $7,321 | 6.188% | — | 80 | +$1,362 | |
| 17 | $8,270 | 6.500% | — | 84 | +$2,311 | |
| 18 | $8,552 | 6.375% | — | 101 | +$2,593 | |
| 19 | $8,864 | 6.375% | — | 122 | +$2,905 | |
| 20 | $10,202 | 6.500% | — | 60 | +$4,243 |
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 | Gateway First Bank | Top-50 peer median | Difference |
|---|---|---|---|
| Median loan amount | $265,000 | $335,000 | −$70,000 (−20.9%) |
| Median total closing costs | $5,959 | $7,127 | −$1,168 (−16.4%) |
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.