Lender profile · HMDA 2023–2025
Gate City Bank mortgage approval rates & lending data
Gate City Bank decided 2,359 mortgage applications and funded 2,138 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 98% | 1,086 / 1,111 | 99% | $275K | 1,078 |
| Home improvement loans | 87% | 583 / 671 | 97% | $55K | 564 |
| Cash-out refinance | 79% | 42 / 53 | 98% | $255K | 41 |
| Refinance | 92% | 272 / 296 | 98% | $105K | 266 |
| Investment property purchase | 90% | 154 / 172 | 99% | $205K | 153 |
| Investment refinance | 66% | 25 / 38 | 100% | $105K | 25 |
Gate City Bank lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| North Dakota | 93% | $275K | 2,060 | 1,876 |
| Minnesota | 92% | $335K | 169 | 153 |
| Arizona | 94% | $325K | 33 | 31 |
| Florida | 68% | $415K | 19 | 13 |
| Colorado | 100% | $325K | 10 | 10 |
| North Carolina | 88% | $245K | 8 | 7 |
| Texas | 67% | $195K | 6 | 4 |
| Washington | 80% | $395K | 5 | 4 |
| California | 50% | $165K | 4 | 2 |
| Illinois | 75% | $295K | 4 | 3 |
| Nebraska | 100% | $115K | 4 | 4 |
| South Dakota | 75% | $295K | 4 | 3 |
| Michigan | 100% | $445K | 3 | 3 |
| Montana | 100% | $335K | 3 | 3 |
| South Carolina | 100% | $155K | 3 | 2 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.