Lender in Minnesota · HMDA 2025
Gate City Bank mortgages in Minnesota
Gate City Bank's 2025 home-purchase and refinance lending in Minnesota, compared with all lenders in the state.
Gate City Bank originated 242 owner-occupied single-family loans in Minnesota from 252 completed applications.
Its median conventional purchase loan costs were $5,590 versus $5,100 for all Minnesota lenders, at a median 30-year fixed rate of 6.25% (Minnesota: 6.625%).
Loans in MN
242
of 252 applications
Denial rate
0.0%
Purchase · MN 5.2%
Rate spread
−0.17 pts
Conv. · MN +0.15 pts
Loan amount
$255,000
Purchase · MN $305,000
By loan purpose
| Purpose | Applications | Loans | Denial rate | 30-yr rate* | Rate spread* | Loan costs* | Median loan |
|---|---|---|---|---|---|---|---|
| Home purchase | 206 | 205 | 0.0% | 6.250% | −0.17 pts | $5,590 | $255,000 |
| Refinance | 26 | 22 | 15.4% | — | −0.17 pts | $3,720 | $255,000 |
| Cash-out refinance | 20 | 15 | 25.0% | — | — | — | — |
*Conventional loans only; medians with at least 20 loans.
Minnesota counties where Gate City Bank ranks in the top 25
| County | Rank | Loans | Market share |
|---|---|---|---|
| Clay County | 2 | 101 | 11.2% |
| Otter Tail County | 3 | 36 | 5.8% |
| Wilkin County | 3 | 9 | 12.0% |
| Polk County | 5 | 16 | 4.8% |
| Becker County | 7 | 13 | 3.2% |
| Grant County | 7 | 3 | 4.3% |
| Pennington County | 8 | 3 | 2.7% |
| Norman County | 10 | 3 | 4.3% |
| Douglas County | 11 | 11 | 2.5% |
| Hubbard County | 17 | 4 | 1.9% |
| Lake of the Woods County | 17 | 1 | 2.4% |
| Mahnomen County | 18 | 1 | 1.9% |
| Traverse County | 19 | 1 | 3.0% |
Source: FFIEC/CFPB HMDA 2025 public LAR. Statistical profile, not a review or offer. Methodology