Gate City Bank
Gate City Bank received 4,001 applications in 2025 and made 3,046 mortgages, in 175 counties across 31 states. The median rate its borrowers got was 6.650% on a median loan of $135,000. Of 3,547 decisions, 452 were denials — 12.7%, most often for debt-to-income ratio. 1 of its applications carried no county and are counted here but on no county page.
| Legal Entity Identifier | 549300TQVOMKNKFOH392 |
|---|---|
| Applications received | 4,001 |
| Mortgages made | 3,046 |
| Denied | 452 |
| Approved, not taken up | 49 |
| Withdrawn or incomplete | 454 |
| Loans bought from other lenders | 44 |
| Median rate spread over the prime offer rate | 0.26 points |
| FDIC-insured bank | Yes: Gate City Bank, 46 offices |
By loan purpose
| Purpose | Mortgages made | Median rate | Median loan | Denied |
|---|---|---|---|---|
| Home purchase | 1,348 | 6.125% | $265,000 | 4.2% |
| Refinancing | 455 | 7.340% | $105,000 | 14.8% |
| Cash-out refinancing | 83 | 6.000% | $245,000 | 22.9% |
| Other purposes | 1,160 | 7.640% | $55,000 | 19.4% |
Where Gate City Bank lends most
The 50 counties where it made the most mortgages in 2025. Each county page ranks every lender there.
| County | Mortgages made | Median rate | Denied |
|---|---|---|---|
| Cass County, ND | 747 | 6.650% | 9.0% |
| Burleigh County, ND | 459 | 6.625% | 10.7% |
| Grand Forks County, ND | 254 | 6.770% | 9.8% |
| Clay County, MN | 251 | 6.790% | 11.5% |
| Ward County, ND | 201 | 6.375% | 11.5% |
| Williams County, ND | 155 | 6.790% | 19.1% |
| Morton County, ND | 126 | 6.750% | 10.6% |
| Otter Tail County, MN | 101 | 6.500% | 13.6% |
| Stark County, ND | 95 | 6.650% | 23.2% |
| Stutsman County, ND | 81 | 6.250% | 19.0% |
| Richland County, ND | 59 | 6.500% | 11.9% |
| Polk County, MN | 48 | 7.295% | 22.6% |
| Douglas County, MN | 44 | 7.000% | 10.2% |
| Becker County, MN | 41 | 6.500% | 6.8% |
| Ramsey County, ND | 27 | 6.625% | 30.8% |
| McLean County, ND | 21 | 6.250% | 22.2% |
| Wilkin County, MN | 19 | 6.400% | 13.6% |
| Traill County, ND | 18 | 6.645% | 29.6% |
| Stearns County, MN | 14 | 6.625% | 21.1% |
| Foster County, ND | 14 | 6.950% | 17.7% |
| Hubbard County, MN | 9 | Under 10 loans | 10.0% |
| Mercer County, ND | 8 | Under 10 loans | 11.1% |
| Walsh County, ND | 8 | Under 10 loans | 33.3% |
| Pennington County, MN | 7 | Under 10 loans | 0.0% |
| Barnes County, ND | 7 | Under 10 loans | 12.5% |
| Benson County, ND | 7 | Under 10 loans | 12.5% |
| McKenzie County, ND | 7 | Under 10 loans | 30.0% |
| Maricopa County, AZ | 6 | Under 10 loans | 14.3% |
| Dakota County, MN | 6 | Under 10 loans | 0.0% |
| Hennepin County, MN | 6 | Under 10 loans | 25.0% |
| Norman County, MN | 6 | Under 10 loans | 0.0% |
| Sherburne County, MN | 6 | Under 10 loans | 0.0% |
| Washington County, MN | 6 | Under 10 loans | 0.0% |
| Wright County, MN | 6 | Under 10 loans | 14.3% |
| Bottineau County, ND | 6 | Under 10 loans | 14.3% |
| Nelson County, ND | 6 | Under 10 loans | 25.0% |
| Benton County, MN | 5 | Under 10 loans | 28.6% |
| Dunn County, ND | 5 | Under 10 loans | 16.7% |
| Eddy County, ND | 5 | Under 10 loans | 37.5% |
| Hettinger County, ND | 5 | Under 10 loans | 16.7% |
| Mountrail County, ND | 5 | Under 10 loans | 0.0% |
| Wells County, ND | 5 | Under 10 loans | 0.0% |
| Anoka County, MN | 4 | Under 10 loans | 20.0% |
| Beltrami County, MN | 4 | Under 10 loans | 0.0% |
| Crow Wing County, MN | 4 | Under 10 loans | 0.0% |
| Adams County, ND | 4 | Under 10 loans | 0.0% |
| Pinal County, AZ | 3 | Under 10 loans | 0.0% |
| Cass County, MN | 3 | Under 10 loans | 0.0% |
| Grant County, MN | 3 | Under 10 loans | 0.0% |
| Roosevelt County, MT | 3 | Under 10 loans | 0.0% |
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Counts, medians and denial shares are computed from the Home Mortgage Disclosure Act loan-level file for 2025, published by the Consumer Financial Protection Bureau through the FFIEC: every application a covered lender received, as the lender reported it. A median rate is what borrowers got, not what you will be offered — it depends on the loan, the property, your credit and the market on the day, and no figure here is a quote. A median over fewer than 10 loans is not shown: it is a number with no meaning and a real person's rate half-exposed. Those cells say "under 10 loans" and the count is still published. This is information, not advice, and no lender pays to appear.