Gateway First Bank Mortgage Rates, Fees & Info

OKLAHOMA CITY, OK

LEI: 54930034MNPILHP25H80

Tax ID: 73-1577221

5 stars - Updated: 5/27/24 - out of 5 stars, based on 104 reviews

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

Review & Overview

Gateway First Bank is a small bank specializing in Home Purchase loans. Gateway First Bank has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets by origination volume include: Dallas, Houston, Oklahoma City, San Antonio, and Tulsa among others. We have data for 370 markets. (Some data included below & more in-depth data is available with an active subscription.)

Gateway First Bank has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Gateway First Bank is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.

SimulatedRates™

Mortgage Type
Simulated Rate Simulation Date
30 Year Conventional Purchase 6.76% 5/27/24
30 Year Conventional Refi 6.65% 5/27/24
30 Year Cash-out Refi 6.88% 5/27/24
30 Year FHA Purchase 7.72% 5/27/24
30 Year FHA Refi 7.42% 5/27/24
30 Year VA Purchase 6.33% 5/27/24
30 Year VA Refi 6.13% 5/27/24
30 Year USDA Purchase 6.76% 5/27/24
30 Year USDA Refi 6.19% 5/27/24
15 Year Conventional Purchase 6.45% 5/27/24
15 Year Conventional Refi 6.09% 5/27/24
15 Year Cash-out Refi 6.09% 5/27/24
15 Year FHA Purchase 7.12% 5/27/24
15 Year FHA Refi 7.73% 5/27/24
15 Year VA Purchase 5.96% 5/27/24
15 Year VA Refi 6.16% 5/27/24
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Gateway First Bank Mortgage Calculator






Your Estimates

Estimated Loan Payment: Update the calculator values and click calculate payment!

This is not an official calculator from Gateway First Bank. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

The default purchase price is the median sales price across the US for 2022Q4, per FRED.


Originations

10,756

Origination Dollar Volume (All Markets)

$2,599,380,000
Show all (59) awards

Relative Rate

Gateway First Bank's average 30 year fixed mortgage rate was 6.39%.

The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.

This yields a difference of -0.09%.

Relative Fees (Closing Costs)

Gateway First Bank's average total fees/closing costs for a 30 year fixed rate mortgage were $6,485.

The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $9,089.

Top Markets

Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

Market Originations Total Value Average Loan Average Fees Average Rate
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 829 $252,315,000 $304,361 $6,510 5.77%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 995 $223,185,000 $224,307 $6,831 5.25%
OKLAHOMA CITY, OK (FHA|USDA|VA) 600 $134,530,000 $224,217 $5,610 6.33%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 540 $121,900,000 $225,741 $7,091 5.33%
Outside of Metro Areas 573 $118,815,000 $207,356 $5,649 6.16%
TULSA, OK (FHA|USDA|VA) 361 $114,405,000 $316,911 $5,730 6.34%
New York-Newark-Jersey City, NY-NJ-PA (FHA|USDA|VA) 266 $84,320,000 $316,992 $9,566 5.79%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 412 $84,110,000 $204,150 $6,379 5.14%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR (FHA|USDA|VA) 282 $80,380,000 $285,035 $5,813 6.54%
HILTON HEAD ISLAND-BLUFFTON, SC (FHA|USDA|VA) 215 $76,885,000 $357,605 $6,317 6.64%
RAPID CITY, SD (FHA|USDA|VA) 251 $57,385,000 $228,625 $4,077 5.48%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) 206 $54,080,000 $262,524 $4,763 6.77%
WICHITA, KS (FHA|USDA|VA) 227 $51,955,000 $228,877 $4,072 6.65%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 133 $42,605,000 $320,338 $7,134 5.88%
KNOXVILLE, TN (FHA|USDA|VA) 151 $41,905,000 $277,517 $6,277 6.79%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 135 $35,505,000 $263,000 $5,393 5.57%
JACKSONVILLE, FL (FHA|USDA|VA) 180 $35,040,000 $194,667 $6,004 4.76%
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 76 $25,710,000 $338,289 $6,699 6.28%
CHARLESTON, WV (FHA|USDA|VA) 156 $25,370,000 $162,628 $5,000 6.61%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 107 $25,255,000 $236,028 $3,841 6.72%
VINELAND-BRIDGETON, NJ (FHA|USDA|VA) 140 $21,940,000 $156,714 $5,563 4.51%
OMAHA-COUNCIL BLUFFS, NE-IA (FHA|USDA|VA) 71 $20,955,000 $295,141 $3,389 6.52%
CHARLOTTE-CONCORD-GASTONIA, NC-SC (FHA|USDA|VA) 76 $20,500,000 $269,737 $5,253 5.65%
RENO, NV (FHA|USDA|VA) 58 $20,360,000 $351,034 $7,846 6.74%
BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) 82 $20,300,000 $247,561 $8,111 6.50%
SUMTER, SC (FHA|USDA|VA) 120 $19,980,000 $166,500 $5,667 5.54%
GREELEY, CO (FHA|USDA|VA) 53 $18,165,000 $342,736 $4,132 5.45%
KANSAS CITY, MO-KS (FHA|USDA|VA) 51 $17,135,000 $335,980 $3,481 6.61%
Georgetown, SC (FHA|USDA|VA) 55 $16,935,000 $307,909 $4,289 6.98%
Alamogordo, NM (FHA|USDA|VA) 102 $16,430,000 $161,078 $5,471 6.85%
BOISE CITY, ID (FHA|USDA|VA) 50 $15,910,000 $318,200 $6,487 6.64%
SANTA FE, NM (FHA|USDA|VA) 42 $15,810,000 $376,429 $5,105 6.83%
ENID, OK (FHA|USDA|VA) 131 $15,795,000 $120,573 $4,174 5.44%
YUMA, AZ (FHA|USDA|VA) 60 $15,340,000 $255,667 $6,762 6.59%
ATLANTIC CITY-HAMMONTON, NJ (FHA|USDA|VA) 63 $14,915,000 $236,746 $7,262 5.39%
Sevierville, TN (FHA|USDA|VA) 34 $14,910,000 $438,529 $6,543 7.11%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 85 $14,685,000 $172,765 $5,000 5.82%
Granbury, TX (FHA|USDA|VA) 38 $14,290,000 $376,053 $11,131 6.52%
Ada, OK (FHA|USDA|VA) 81 $14,185,000 $175,123 $5,560 6.73%
CORPUS CHRISTI, TX (FHA|USDA|VA) 69 $13,345,000 $193,406 $6,268 5.13%
FORT COLLINS, CO (FHA|USDA|VA) 36 $13,270,000 $368,611 $6,517 6.58%
GRAND ISLAND, NE (FHA|USDA|VA) 78 $13,170,000 $168,846 $4,143 5.41%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 45 $12,775,000 $283,889 $7,343 5.59%
Sheridan, WY (FHA|USDA|VA) 35 $12,685,000 $362,429 $5,584 6.35%
CINCINNATI, OH-KY-IN (FHA|USDA|VA) 50 $11,740,000 $234,800 $6,262 6.48%
Sedalia, MO (FHA|USDA|VA) 66 $11,330,000 $171,667 $3,960 6.50%
SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) 79 $10,075,000 $127,532 $5,123 4.95%
DAYTON-KETTERING, OH (FHA|USDA|VA) 49 $9,655,000 $197,041 $6,328 6.21%
LAS CRUCES, NM (FHA|USDA|VA) 37 $9,505,000 $256,892 $4,272 6.66%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 34 $9,200,000 $270,588 $7,029 5.85%
IDAHO FALLS, ID (FHA|USDA|VA) 34 $9,030,000 $265,588 $8,520 6.89%
WACO, TX (FHA|USDA|VA) 40 $8,730,000 $218,250 $6,551 5.45%
Hastings, NE (FHA|USDA|VA) 63 $8,605,000 $136,587 $2,859 5.66%
JOPLIN, MO (FHA|USDA|VA) 53 $8,555,000 $161,415 $3,809 6.38%
Bay City, TX (FHA|USDA|VA) 50 $8,420,000 $168,400 $5,080 5.97%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA (FHA|USDA|VA) 27 $8,245,000 $305,370 $7,420 6.71%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 24 $8,150,000 $339,583 $5,115 5.78%
LAWTON, OK (FHA|USDA|VA) 49 $7,875,000 $160,714 $6,394 6.51%
BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) 46 $7,720,000 $167,826 $5,188 5.05%
LAKE CHARLES, LA (FHA|USDA|VA) 35 $7,455,000 $213,000 $6,656 6.70%
TRENTON-PRINCETON, NJ (FHA|USDA|VA) 40 $7,140,000 $178,500 $7,651 4.77%
Ardmore, OK (FHA|USDA|VA) 37 $7,025,000 $189,865 $5,766 5.98%
MIDLAND, TX (FHA|USDA|VA) 27 $6,675,000 $247,222 $7,264 5.32%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 21 $6,545,000 $311,667 $3,795 6.79%
HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) 29 $6,515,000 $224,655 $6,783 7.07%
FORT SMITH, AR-OK (FHA|USDA|VA) 31 $6,445,000 $207,903 $4,351 6.64%
McPherson, KS (FHA|USDA|VA) 35 $6,395,000 $182,714 $3,426 6.73%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 12 $6,260,000 $521,667 $11,564 6.65%
ALBUQUERQUE, NM (FHA|USDA|VA) 21 $6,195,000 $295,000 $6,050 6.96%
CASPER, WY (FHA|USDA|VA) 21 $5,985,000 $285,000 $5,608 6.57%
LAREDO, TX (FHA|USDA|VA) 27 $5,405,000 $200,185 $6,308 4.75%
Shawnee, OK (FHA|USDA|VA) 28 $4,880,000 $174,286 $6,211 5.27%
CHARLESTON-NORTH CHARLESTON, SC (FHA|USDA|VA) 12 $4,750,000 $395,833 $5,376 6.92%
Cullman, AL (FHA|USDA|VA) 25 $4,745,000 $189,800 $4,132 6.15%
BATON ROUGE, LA (FHA|USDA|VA) 34 $4,590,000 $135,000 $3,242 3.80%
Eagle Pass, TX (FHA|USDA|VA) 25 $4,545,000 $181,800 $7,922 4.97%
Fernley, NV (FHA|USDA|VA) 12 $4,500,000 $375,000 $6,358 6.51%
COLUMBUS, OH (FHA|USDA|VA) 14 $4,250,000 $303,571 $6,453 6.97%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 17 $4,185,000 $246,176 $5,533 6.03%
SHERMAN-DENISON, TX (FHA|USDA|VA) 15 $4,155,000 $277,000 $7,316 6.15%
PITTSBURGH, PA (FHA|USDA|VA) 18 $3,930,000 $218,333 $4,445 6.90%
TYLER, TX (FHA|USDA|VA) 12 $3,850,000 $320,833 $9,174 5.83%
COLUMBIA, SC (FHA|USDA|VA) 19 $3,675,000 $193,421 $6,001 5.53%
El Campo, TX (FHA|USDA|VA) 18 $3,670,000 $203,889 $6,000 5.50%
COLORADO SPRINGS, CO (FHA|USDA|VA) 7 $3,665,000 $523,571 $12,582 6.61%
Corsicana, TX (FHA|USDA|VA) 14 $3,610,000 $257,857 $7,832 6.61%
Los Alamos, NM (FHA|USDA|VA) 10 $3,550,000 $355,000 $5,323 6.89%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) 16 $3,540,000 $221,250 $8,037 5.65%
Spearfish, SD (FHA|USDA|VA) 18 $3,490,000 $193,889 $3,866 5.88%
TUCSON, AZ (FHA|USDA|VA) 12 $3,480,000 $290,000 $4,723 6.40%
OCEAN CITY, NJ (FHA|USDA|VA) 7 $3,405,000 $486,429 $9,423 7.07%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 11 $3,285,000 $298,636 $6,601 6.86%
NASHVILLE-DAVIDSON-MURFREESBORO-FRANKLIN, TN (FHA|USDA|VA) 10 $3,270,000 $327,000 $4,691 6.99%
Woodward, OK (FHA|USDA|VA) 23 $3,195,000 $138,913 $4,737 6.79%
Gillette, WY (FHA|USDA|VA) 11 $3,145,000 $285,909 $5,397 5.89%
READING, PA (FHA|USDA|VA) 15 $3,145,000 $209,667 $5,626 6.79%
CAPE GIRARDEAU, MO-IL (FHA|USDA|VA) 22 $3,020,000 $137,273 $3,846 5.96%
LUBBOCK, TX (FHA|USDA|VA) 13 $2,965,000 $228,077 $7,693 5.77%
COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) 12 $2,810,000 $234,167 $7,352 6.26%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL (FHA|USDA|VA) 10 $2,710,000 $271,000 $5,616 6.40%
PORT ST. LUCIE, FL (FHA|USDA|VA) 11 $2,705,000 $245,909 $4,953 5.91%
Dodge City, KS (FHA|USDA|VA) 11 $2,705,000 $245,909 $6,160 6.60%
Stillwater, OK (FHA|USDA|VA) 12 $2,610,000 $217,500 $7,052 6.43%
Washington-Arlington-Alexandria, DC-VA-MD-WV (FHA|USDA|VA) 7 $2,595,000 $370,714 $4,795 7.13%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 6 $2,440,000 $406,667 $10,863 6.52%
SPRINGFIELD, MO (FHA|USDA|VA) 11 $2,405,000 $218,636 $4,175 6.29%
LONGVIEW, TX (FHA|USDA|VA) 13 $2,315,000 $178,077 $5,990 6.14%
TEXARKANA, TX-AR (FHA|USDA|VA) 8 $2,240,000 $280,000 $5,560 6.34%
Pittsburg, KS (FHA|USDA|VA) 18 $2,220,000 $123,333 $3,655 7.04%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 5 $2,195,000 $439,000 $9,436 6.93%
Morehead City, NC (FHA|USDA|VA) 5 $2,175,000 $435,000 $3,302 7.05%
OCALA, FL (FHA|USDA|VA) 8 $2,140,000 $267,500 $7,657 6.03%
SAN ANGELO, TX (FHA|USDA|VA) 10 $2,110,000 $211,000 $5,822 6.10%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 7 $2,085,000 $297,857 $10,804 5.80%
WILMINGTON, NC (FHA|USDA|VA) 7 $2,025,000 $289,286 $3,706 6.91%
Blackfoot, ID (FHA|USDA|VA) 11 $2,015,000 $183,182 $7,892 7.14%
Zapata, TX (FHA|USDA|VA) 15 $2,005,000 $133,667 $7,203 4.78%
Durant, OK (FHA|USDA|VA) 12 $1,950,000 $162,500 $6,382 6.05%
JACKSONVILLE, NC (FHA|USDA|VA) 8 $1,940,000 $242,500 $7,745 6.20%
Sikeston, MO (FHA|USDA|VA) 16 $1,940,000 $121,250 $4,823 5.39%
Ruidoso, NM (FHA|USDA|VA) 9 $1,915,000 $212,778 $5,449 7.18%
Las Vegas, NM (FHA|USDA|VA) 5 $1,885,000 $377,000 $5,297 6.78%
GREENVILLE-ANDERSON, SC (FHA|USDA|VA) 5 $1,855,000 $371,000 $8,596 6.65%
LINCOLN, NE (FHA|USDA|VA) 8 $1,850,000 $231,250 $3,963 6.62%
Bartlesville, OK (FHA|USDA|VA) 16 $1,840,000 $115,000 $4,861 6.32%
Athens, TN (FHA|USDA|VA) 9 $1,835,000 $203,889 $5,247 6.90%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 6 $1,830,000 $305,000 $5,715 6.63%
MONROE, LA (FHA|USDA|VA) 14 $1,820,000 $130,000 $5,044 5.01%
CHEYENNE, WY (FHA|USDA|VA) 5 $1,735,000 $347,000 $10,481 6.05%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 7 $1,715,000 $245,000 $7,038 7.27%
BIRMINGHAM-HOOVER, AL (FHA|USDA|VA) 6 $1,690,000 $281,667 $3,658 6.71%
Hailey, ID (FHA|USDA|VA) 3 $1,685,000 $561,667 $11,063 7.46%
Mineral Wells, TX (FHA|USDA|VA) 8 $1,670,000 $208,750 $7,919 5.59%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $1,660,000 $276,667 $14,968 4.50%
CARSON CITY, NV (FHA|USDA|VA) 6 $1,640,000 $273,333 $6,300 5.88%
EL PASO, TX (FHA|USDA|VA) 8 $1,640,000 $205,000 $4,934 5.27%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) 3 $1,635,000 $545,000 $12,078 7.04%
DES MOINES-WEST DES MOINES, IA (FHA|USDA|VA) 5 $1,625,000 $325,000 $5,838 7.20%
HICKORY-LENOIR-MORGANTON, NC (FHA|USDA|VA) 3 $1,585,000 $528,333 $4,904 7.42%
Hutchinson, KS (FHA|USDA|VA) 8 $1,570,000 $196,250 $4,543 6.86%
GRAND JUNCTION, CO (FHA|USDA|VA) 4 $1,560,000 $390,000 $7,807 7.06%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 4 $1,540,000 $385,000 $7,856 6.66%
Crossville, TN (FHA|USDA|VA) 8 $1,490,000 $186,250 $4,441 6.77%
AKRON, OH (FHA|USDA|VA) 12 $1,460,000 $121,667 $4,639 6.03%
ABILENE, TX (FHA|USDA|VA) 10 $1,450,000 $145,000 $6,181 4.95%
WICHITA FALLS, TX (FHA|USDA|VA) 7 $1,445,000 $206,429 $8,489 5.88%
POCATELLO, ID (FHA|USDA|VA) 4 $1,430,000 $357,500 $10,079 7.06%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 3 $1,405,000 $468,333 $8,934 6.96%
CHATTANOOGA, TN-GA (FHA|USDA|VA) 4 $1,400,000 $350,000 $6,134 6.63%
MORRISTOWN, TN (FHA|USDA|VA) 6 $1,340,000 $223,333 $6,475 6.54%
Athens, TX (FHA|USDA|VA) 3 $1,335,000 $445,000 $9,935 6.71%
Fallon, NV (FHA|USDA|VA) 4 $1,330,000 $332,500 $9,313 7.75%
HOT SPRINGS, AR (FHA|USDA|VA) 7 $1,305,000 $186,429 $4,657 6.52%
SIOUX FALLS, SD (FHA|USDA|VA) 8 $1,280,000 $160,000 $3,376 6.30%
Moberly, MO (FHA|USDA|VA) 9 $1,275,000 $141,667 $2,657 6.22%
McAlester, OK (FHA|USDA|VA) 6 $1,230,000 $205,000 $4,744 6.92%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 2 $1,230,000 $615,000 $4,784 6.31%
Fort Morgan, CO (FHA|USDA|VA) 7 $1,225,000 $175,000 $2,701 4.66%
Kingsville, TX (FHA|USDA|VA) 6 $1,210,000 $201,667 $5,628 5.81%
Mount Gay-Shamrock, WV (FHA|USDA|VA) 6 $1,200,000 $200,000 $6,715 6.69%
MANHATTAN, KS (FHA|USDA|VA) 3 $1,175,000 $391,667 $2,947 6.54%
Stephenville, TX (FHA|USDA|VA) 5 $1,165,000 $233,000 $8,044 5.60%
Carlsbad-Artesia, NM (FHA|USDA|VA) 5 $1,165,000 $233,000 $5,968 7.00%
PANAMA CITY, FL (FHA|USDA|VA) 3 $1,165,000 $388,333 $8,109 6.88%
Warrensburg, MO (FHA|USDA|VA) 5 $1,115,000 $223,000 $3,408 7.10%
RALEIGH-CARY, NC (FHA|USDA|VA) 4 $1,100,000 $275,000 $7,044 7.53%
Rexburg, ID (FHA|USDA|VA) 6 $1,080,000 $180,000 $5,166 7.35%
BEND, OR (FHA|USDA|VA) 2 $1,070,000 $535,000 $4,885 7.75%
Duncan, OK (FHA|USDA|VA) 5 $1,065,000 $213,000 $8,084 6.93%
WINSTON-SALEM, NC (FHA|USDA|VA) 7 $995,000 $142,143 $5,732 4.05%
ALBANY-LEBANON, OR (FHA|USDA|VA) 3 $985,000 $328,333 $0 5.13%
SPRINGFIELD, OH (FHA|USDA|VA) 5 $965,000 $193,000 $5,755 6.90%
Jasper, AL (FHA|USDA|VA) 4 $960,000 $240,000 $2,332 5.94%
LANCASTER, PA (FHA|USDA|VA) 3 $945,000 $315,000 $5,706 7.04%
AMARILLO, TX (FHA|USDA|VA) 5 $935,000 $187,000 $4,692 5.60%
Port Lavaca, TX (FHA|USDA|VA) 5 $935,000 $187,000 $424 3.93%
Mount Pleasant, TX (FHA|USDA|VA) 4 $920,000 $230,000 $7,986 7.13%
Bellefontaine, OH (FHA|USDA|VA) 4 $910,000 $227,500 $6,896 6.34%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI (FHA|USDA|VA) 4 $910,000 $227,500 $3,158 6.97%
Alice, TX (FHA|USDA|VA) 10 $910,000 $91,000 $3,068 4.41%
Fremont, NE (FHA|USDA|VA) 3 $905,000 $301,667 $6,047 6.50%
LAFAYETTE, LA (FHA|USDA|VA) 4 $900,000 $225,000 $7,027 6.59%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 3 $895,000 $298,333 $11,319 4.58%
Brownwood, TX (FHA|USDA|VA) 5 $895,000 $179,000 $5,131 5.65%
St. Marys, GA (FHA|USDA|VA) 3 $865,000 $288,333 $7,797 6.79%
WALLA WALLA, WA (FHA|USDA|VA) 2 $860,000 $430,000 $9,339 6.75%
CLEVELAND, TN (FHA|USDA|VA) 2 $860,000 $430,000 $9,678 6.25%
Tahlequah, OK (FHA|USDA|VA) 5 $835,000 $167,000 $3,780 5.98%
BALTIMORE-COLUMBIA-TOWSON, MD (FHA|USDA|VA) 2 $820,000 $410,000 $2,304 5.31%
Evanston, WY (FHA|USDA|VA) 2 $820,000 $410,000 $4,782 6.06%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $810,000 $405,000 $5,938 6.88%
Rockport, TX (FHA|USDA|VA) 4 $800,000 $200,000 $5,870 5.31%
Arkadelphia, AR (FHA|USDA|VA) 1 $725,000 $725,000 $3,843 6.75%
HOMOSASSA SPRINGS, FL (FHA|USDA|VA) 4 $710,000 $177,500 $4,124 4.81%
Ponca City, OK (FHA|USDA|VA) 7 $705,000 $100,714 $4,936 6.93%
Pinehurst-Southern Pines, NC (FHA|USDA|VA) 2 $700,000 $350,000 $1,834 5.50%
WARNER ROBINS, GA (FHA|USDA|VA) 2 $700,000 $350,000 $6,967 7.00%
Gainesville, TX (FHA|USDA|VA) 3 $675,000 $225,000 $7,141 6.33%
ST. LOUIS, MO-IL (FHA|USDA|VA) 2 $670,000 $335,000 $15,417 6.44%
EspaƱola, NM (FHA|USDA|VA) 3 $665,000 $221,667 $1,667 7.17%
Wilmington, OH (FHA|USDA|VA) 3 $655,000 $218,333 $6,570 6.46%
Altus, OK (FHA|USDA|VA) 3 $645,000 $215,000 $7,376 6.58%
Ontario, OR-ID (FHA|USDA|VA) 2 $640,000 $320,000 $11,843 6.75%
GREAT FALLS, MT (FHA|USDA|VA) 2 $640,000 $320,000 $10,698 6.50%
Kalispell, MT (FHA|USDA|VA) 2 $640,000 $320,000 $3,262 6.69%
Winfield, KS (FHA|USDA|VA) 4 $630,000 $157,500 $2,310 6.53%
Minden, LA (FHA|USDA|VA) 5 $625,000 $125,000 $2,793 4.35%
Huntsville, TX (FHA|USDA|VA) 5 $625,000 $125,000 $4,543 4.03%
Salina, KS (FHA|USDA|VA) 5 $625,000 $125,000 $4,823 7.10%
RICHMOND, VA (FHA|USDA|VA) 3 $615,000 $205,000 $3,035 6.96%
WHEELING, WV-OH (FHA|USDA|VA) 5 $605,000 $121,000 $5,436 6.83%
BLOOMINGTON, IN (FHA|USDA|VA) 2 $600,000 $300,000 $8,344 6.31%
New Castle, IN (FHA|USDA|VA) 4 $600,000 $150,000 $5,313 7.41%
Malvern, AR (FHA|USDA|VA) 4 $590,000 $147,500 $3,996 6.56%
Durango, CO (FHA|USDA|VA) 1 $585,000 $585,000 $10,339 6.50%
BRIDGEPORT-STAMFORD-NORWALK, CT (FHA|USDA|VA) 1 $585,000 $585,000 $5,988 7.25%
VICTORIA, TX (FHA|USDA|VA) 4 $580,000 $145,000 $7,217 6.27%
MEMPHIS, TN-MS-AR (FHA|USDA|VA) 3 $565,000 $188,333 $13,431 7.08%
CLARKSVILLE, TN-KY (FHA|USDA|VA) 3 $565,000 $188,333 $5,879 6.00%
LOUISVILLE, KY (FHA|USDA|VA) 2 $560,000 $280,000 $4,781 5.75%
NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) 4 $560,000 $140,000 $2,890 4.54%
KOKOMO, IN (FHA|USDA|VA) 3 $555,000 $185,000 $6,453 6.42%
Kerrville, TX (FHA|USDA|VA) 2 $550,000 $275,000 $2,300 6.69%
WEIRTON-STEUBENVILLE, WV-OH (FHA|USDA|VA) 4 $550,000 $137,500 $6,068 7.56%
Muskogee, OK (FHA|USDA|VA) 4 $550,000 $137,500 $4,670 5.34%
Pullman, WA (FHA|USDA|VA) 2 $540,000 $270,000 $0 7.13%
Kearney, NE (FHA|USDA|VA) 4 $540,000 $135,000 $4,471 5.41%
Russellville, AR (FHA|USDA|VA) 4 $540,000 $135,000 $2,818 6.94%
Minot, ND (FHA|USDA|VA) 2 $530,000 $265,000 $2,167 6.63%
FAYETTEVILLE, NC (FHA|USDA|VA) 2 $530,000 $265,000 $9,572 6.94%
CANTON-MASSILLON, OH (FHA|USDA|VA) 3 $525,000 $175,000 $6,482 6.58%
PARKERSBURG-VIENNA, WV (FHA|USDA|VA) 3 $515,000 $171,667 $4,753 7.00%
Taos, NM (FHA|USDA|VA) 3 $495,000 $165,000 $2,066 6.88%
Fairmont, WV (FHA|USDA|VA) 3 $485,000 $161,667 $4,040 6.67%
THE VILLAGES, FL (FHA|USDA|VA) 3 $485,000 $161,667 $5,009 4.67%
Kill Devil Hills, NC (FHA|USDA|VA) 1 $475,000 $475,000 $6,522 7.38%
BECKLEY, WV (FHA|USDA|VA) 4 $470,000 $117,500 $3,540 6.66%
Prineville, OR (FHA|USDA|VA) 1 $465,000 $465,000 $12,374 3.88%
Fort Leonard Wood, MO (FHA|USDA|VA) 1 $465,000 $465,000 $5,107 6.50%
Newberry, SC (FHA|USDA|VA) 1 $455,000 $455,000 $2,856 4.38%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $455,000 $455,000 $8,812 6.13%
CLEVELAND-ELYRIA, OH (FHA|USDA|VA) 3 $455,000 $151,667 $4,358 7.00%
ODESSA, TX (FHA|USDA|VA) 3 $455,000 $151,667 $9,930 5.29%
HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) 2 $450,000 $225,000 $982 7.31%
GREENSBORO-HIGH POINT, NC (FHA|USDA|VA) 1 $445,000 $445,000 $3,693 6.38%
Detroit-Warren-Dearborn, MI (FHA|USDA|VA) 2 $440,000 $220,000 $4,181 7.06%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $435,000 $435,000 $16,330 6.75%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA (FHA|USDA|VA) 2 $430,000 $215,000 $4,812 6.19%
TOLEDO, OH (FHA|USDA|VA) 7 $425,000 $60,714 $4,590 7.68%
Steamboat Springs, CO (FHA|USDA|VA) 1 $425,000 $425,000 $1,059 3.63%
Centralia, WA (FHA|USDA|VA) 1 $425,000 $425,000 $79 7.13%
Cookeville, TN (FHA|USDA|VA) 1 $415,000 $415,000 $14,340 7.63%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT (FHA|USDA|VA) 1 $415,000 $415,000 $10,267 7.13%
BOULDER, CO (FHA|USDA|VA) 2 $410,000 $205,000 $1,433 6.75%
Albertville, AL (FHA|USDA|VA) 2 $400,000 $200,000 $6,728 6.13%
Chillicothe, OH (FHA|USDA|VA) 2 $400,000 $200,000 $5,317 7.00%
Riverton, WY (FHA|USDA|VA) 2 $400,000 $200,000 $2,499 6.50%
LYNCHBURG, VA (FHA|USDA|VA) 1 $395,000 $395,000 $3,678 7.13%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $395,000 $395,000 $2,309 6.75%
PROVO-OREM, UT (FHA|USDA|VA) 1 $395,000 $395,000 $2,690 3.00%
Vernon, TX (FHA|USDA|VA) 1 $385,000 $385,000 $13,443 7.50%
NEW HAVEN-MILFORD, CT (FHA|USDA|VA) 1 $385,000 $385,000 $10,301 6.13%
Newport, TN (FHA|USDA|VA) 2 $380,000 $190,000 $7,159 6.81%
Lebanon, MO (FHA|USDA|VA) 1 $375,000 $375,000 $4,942 6.50%
Rio Grande City-Roma, TX (FHA|USDA|VA) 2 $370,000 $185,000 $11,248 6.06%
Paris, TX (FHA|USDA|VA) 4 $370,000 $92,500 $0 3.41%
Marshall, MO (FHA|USDA|VA) 2 $370,000 $185,000 $2,810 6.25%
Pecos, TX (FHA|USDA|VA) 1 $365,000 $365,000 $12,077 6.25%
Yankton, SD (FHA|USDA|VA) 1 $365,000 $365,000 $14,288 6.25%
GULFPORT-BILOXI, MS (FHA|USDA|VA) 1 $365,000 $365,000 $4,156 6.63%
Harrison, AR (FHA|USDA|VA) 1 $345,000 $345,000 $7,830 6.25%
HAMMOND, LA (FHA|USDA|VA) 1 $345,000 $345,000 $7,191 6.00%
Athens, OH (FHA|USDA|VA) 2 $330,000 $165,000 $5,182 7.06%
Pottsville, PA (FHA|USDA|VA) 1 $325,000 $325,000 $150 4.13%
Payson, AZ (FHA|USDA|VA) 1 $325,000 $325,000 $8,954 6.25%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 2 $320,000 $160,000 $0 3.75%
YORK-HANOVER, PA (FHA|USDA|VA) 1 $315,000 $315,000 $4,622 7.38%
EAST STROUDSBURG, PA (FHA|USDA|VA) 1 $315,000 $315,000 $15,563 7.75%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $315,000 $315,000 $550 7.00%
Coffeyville, KS (FHA|USDA|VA) 1 $315,000 $315,000 $3,113 7.63%
Pearsall, TX (FHA|USDA|VA) 4 $310,000 $77,500 $0 3.41%
BOWLING GREEN, KY (FHA|USDA|VA) 1 $295,000 $295,000 $1,883 6.25%
Wapakoneta, OH (FHA|USDA|VA) 1 $295,000 $295,000 $3,929 6.50%
Silver City, NM (FHA|USDA|VA) 3 $295,000 $98,333 $3,997 7.21%
SAVANNAH, GA (FHA|USDA|VA) 1 $285,000 $285,000 $4,148 7.00%
Mason City, IA (FHA|USDA|VA) 1 $285,000 $285,000 $4,725 6.88%
Palestine, TX (FHA|USDA|VA) 1 $275,000 $275,000 $7,850 7.13%
GAINESVILLE, FL (FHA|USDA|VA) 1 $275,000 $275,000 $7,657 6.13%
JEFFERSON CITY, MO (FHA|USDA|VA) 2 $270,000 $135,000 $2,259 6.75%
Lock Haven, PA (FHA|USDA|VA) 1 $265,000 $265,000 $0 6.25%
Tullahoma-Manchester, TN (FHA|USDA|VA) 1 $265,000 $265,000 $3,852 6.13%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 1 $255,000 $255,000 $4,570 6.88%
HINESVILLE, GA (FHA|USDA|VA) 1 $255,000 $255,000 $7,737 6.75%
Bogalusa, LA (FHA|USDA|VA) 1 $255,000 $255,000 $5,880 6.00%
Levelland, TX (FHA|USDA|VA) 1 $255,000 $255,000 $4,398 7.25%
Point Pleasant, WV-OH (FHA|USDA|VA) 2 $250,000 $125,000 $4,800 6.56%
DECATUR, AL (FHA|USDA|VA) 1 $245,000 $245,000 $4,942 7.00%
KINGSPORT-BRISTOL, TN-VA (FHA|USDA|VA) 1 $245,000 $245,000 $9,488 6.75%
JACKSON, MS (FHA|USDA|VA) 1 $245,000 $245,000 $10,540 6.25%
SALISBURY, MD-DE (FHA|USDA|VA) 1 $245,000 $245,000 $9,144 6.25%
ASHEVILLE, NC (FHA|USDA|VA) 1 $245,000 $245,000 $3,636 6.25%
TWIN FALLS, ID (FHA|USDA|VA) 1 $245,000 $245,000 $0 6.13%
Marion, OH (FHA|USDA|VA) 2 $240,000 $120,000 $4,451 6.81%
Show Low, AZ (FHA|USDA|VA) 1 $235,000 $235,000 $13,873 6.75%
Guymon, OK (FHA|USDA|VA) 1 $235,000 $235,000 $7,421 5.75%
Elk City, OK (FHA|USDA|VA) 1 $235,000 $235,000 $8,488 7.38%
MORGANTOWN, WV (FHA|USDA|VA) 2 $230,000 $115,000 $6,782 7.00%
Albemarle, NC (FHA|USDA|VA) 2 $230,000 $115,000 $0 3.06%
Uvalde, TX (FHA|USDA|VA) 2 $230,000 $115,000 $0 4.00%
SOUTH BEND-MISHAWAKA, IN-MI (FHA|USDA|VA) 2 $230,000 $115,000 $0 8.13%
Marietta, OH (FHA|USDA|VA) 1 $225,000 $225,000 $3,740 7.50%
Jacksonville, TX (FHA|USDA|VA) 2 $220,000 $110,000 $2,988 3.69%
COLUMBIA, MO (FHA|USDA|VA) 1 $215,000 $215,000 $2,138 6.13%
Bedford, IN (FHA|USDA|VA) 1 $215,000 $215,000 $8,345 6.13%
Ashtabula, OH (FHA|USDA|VA) 1 $215,000 $215,000 $9,267 5.63%
FLORENCE, SC (FHA|USDA|VA) 1 $215,000 $215,000 $6,516 6.88%
Meadville, PA (FHA|USDA|VA) 2 $210,000 $105,000 $5,447 6.81%
Hobbs, NM (FHA|USDA|VA) 1 $205,000 $205,000 $3,254 6.50%
Somerset, KY (FHA|USDA|VA) 1 $205,000 $205,000 $4,843 7.38%
Raymondville, TX (FHA|USDA|VA) 1 $205,000 $205,000 $5,181 6.75%
GREEN BAY, WI (FHA|USDA|VA) 1 $205,000 $205,000 $4,710 6.25%
Forest City, NC (FHA|USDA|VA) 2 $200,000 $100,000 $0 3.13%
GETTYSBURG, PA (FHA|USDA|VA) 1 $195,000 $195,000 $3,759 7.13%
Rock Springs, WY (FHA|USDA|VA) 1 $195,000 $195,000 $7,277 6.13%
SIOUX CITY, IA-NE-SD (FHA|USDA|VA) 1 $195,000 $195,000 $675 6.25%
Mount Airy, NC (FHA|USDA|VA) 1 $185,000 $185,000 $6,924 7.13%
Mountain Home, ID (FHA|USDA|VA) 1 $185,000 $185,000 $0 7.00%
Lawrenceburg, TN (FHA|USDA|VA) 1 $185,000 $185,000 $7,573 7.00%
Marshalltown, IA (FHA|USDA|VA) 1 $175,000 $175,000 $2,992 6.50%
Clarksburg, WV (FHA|USDA|VA) 1 $175,000 $175,000 $6,997 5.83%
Lake City, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,208 6.50%
Beeville, TX (FHA|USDA|VA) 2 $170,000 $85,000 $0 3.56%
Parsons, KS (FHA|USDA|VA) 2 $170,000 $85,000 $3,558 6.56%
Fort Payne, AL (FHA|USDA|VA) 1 $165,000 $165,000 $4,627 6.25%
EVANSVILLE, IN-KY (FHA|USDA|VA) 1 $165,000 $165,000 $5,106 7.88%
Connersville, IN (FHA|USDA|VA) 1 $165,000 $165,000 $7,096 7.25%
HOUMA-THIBODAUX, LA (FHA|USDA|VA) 2 $160,000 $80,000 $748 3.38%
Washington Court House, OH (FHA|USDA|VA) 1 $155,000 $155,000 $8,836 7.50%
Pierre, SD (FHA|USDA|VA) 1 $155,000 $155,000 $0 5.38%
MACON-BIBB COUNTY, GA (FHA|USDA|VA) 1 $155,000 $155,000 $0 6.63%
COLUMBUS, GA-AL (FHA|USDA|VA) 1 $145,000 $145,000 $4,832 6.38%
Elizabeth City, NC (FHA|USDA|VA) 1 $145,000 $145,000 $650 6.13%
JANESVILLE-BELOIT, WI (FHA|USDA|VA) 1 $145,000 $145,000 $5,669 6.38%
Palatka, FL (FHA|USDA|VA) 1 $145,000 $145,000 $6,359 5.75%
Emporia, KS (FHA|USDA|VA) 1 $135,000 $135,000 $2,600 6.88%
BURLINGTON, NC (FHA|USDA|VA) 2 $130,000 $65,000 $0 3.75%
Cambridge, OH (FHA|USDA|VA) 1 $125,000 $125,000 $4,906 6.75%
Del Rio, TX (FHA|USDA|VA) 1 $125,000 $125,000 $4,075 4.38%
Opelousas, LA (FHA|USDA|VA) 1 $115,000 $115,000 $5,117 6.00%
New Philadelphia-Dover, OH (FHA|USDA|VA) 1 $115,000 $115,000 $7,712 6.25%
GOLDSBORO, NC (FHA|USDA|VA) 1 $115,000 $115,000 $0 7.63%
Bluefield, WV-VA (FHA|USDA|VA) 1 $115,000 $115,000 $515 6.75%
Wilson, NC (FHA|USDA|VA) 2 $110,000 $55,000 $0 7.88%
Deming, NM (FHA|USDA|VA) 3 $105,000 $35,000 $1,954 4.17%
MOBILE, AL (FHA|USDA|VA) 1 $105,000 $105,000 $0 8.13%
Warren, PA (FHA|USDA|VA) 1 $105,000 $105,000 $3,595 8.00%
Great Bend, KS (FHA|USDA|VA) 1 $105,000 $105,000 $3,810 6.75%
Weatherford, OK (FHA|USDA|VA) 2 $100,000 $50,000 $0 3.56%
Columbus, NE (FHA|USDA|VA) 1 $95,000 $95,000 $3,048 6.00%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL (FHA|USDA|VA) 1 $95,000 $95,000 $3,545 6.25%
Portsmouth, OH (FHA|USDA|VA) 1 $85,000 $85,000 $3,947 6.25%
Snyder, TX (FHA|USDA|VA) 1 $75,000 $75,000 $0 8.13%
London, KY (FHA|USDA|VA) 1 $55,000 $55,000 $3,891 6.13%
Shelton, WA (FHA|USDA|VA) 1 $55,000 $55,000 $3,968 6.75%
Ashland, OH (FHA|USDA|VA) 1 $45,000 $45,000 $1,933 7.13%
DeRidder, LA (FHA|USDA|VA) 1 $45,000 $45,000 $3,661 8.13%
Branson, MO (FHA|USDA|VA) 1 $35,000 $35,000 $1,512 7.63%
CARBONDALE-MARION, IL (FHA|USDA|VA) 1 $35,000 $35,000 $3,799 7.00%
Orangeburg, SC (FHA|USDA|VA) 1 $25,000 $25,000 $2,068 7.49%
Searcy, AR (FHA|USDA|VA) 1 $25,000 $25,000 $2,428 6.49%
Gateway First Bank's top markets include Dallas, Houston, Oklahoma City, San Antonio, and Tulsa among others.

Their top states include:
  • Texas (FHA|USDA|VA)
  • Oklahoma (FHA|USDA|VA)
  • New Jersey (FHA|USDA|VA)
  • South Carolina (FHA|USDA|VA)
  • Arkansas (FHA|USDA|VA)
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    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 7,219 $1,673,245,000 $231,783 $4,813 5.61%
    FHA 2,451 $598,445,000 $244,164 $9,667 6.74%
    VA 919 $301,285,000 $327,840 $7,796 6.40%
    USDA 167 $26,405,000 $158,114 $4,904 6.55%

    For 2023, Gateway First Bank's most frequently originated type of loan was Conventional, with 7,219 originations. Their 2nd most popular type was FHA, with 2,451 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 9,602 $2,302,890,000 $239,834 $5,891 5.83%
    Refi 496 $174,380,000 $351,573 $7,314 6.70%
    Cash Out Refi 319 $82,795,000 $259,545 $7,284 6.92%
    Other 304 $37,230,000 $122,467 $3,439 7.09%
    Home Improvement 35 $2,085,000 $59,571 $1,778 7.09%

    For 2023, Gateway First Bank's most frequently cited loan purpose was Home Purchase, with 9,602 originations. The 2nd most popular reason was Refi, with 496 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 9,285 $2,435,305,000 $262,284 $6,485 6.39%
    15 Year 418 $54,890,000 $131,316 $2,933 6.41%
    3 Year 383 $2,925,000 $7,637 $0 0.00%
    5 Year 268 $38,620,000 $144,104 $81 1.16%
    10 Year 191 $4,145,000 $21,702 $573 3.20%
    Other 178 $57,350,000 $322,191 $3,528 4.51%
    20 Year 33 $6,145,000 $186,212 $3,947 5.69%

    For 2023, Gateway First Bank's most frequently cited loan duration was 30 Year, with 9,285 originations. The 2nd most popular length was 15 Year, with 418 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 4,015 $684,815,000 $170,564
    $1k-2k 2,295 $581,095,000 $253,200
    $2k-3k 1,465 $348,825,000 $238,106
    $5k+ 1,235 $485,645,000 $393,235
    $3k-4k 921 $231,155,000 $250,983
    $4k-5k 618 $177,920,000 $287,896

    Gateway First Bank's average total fees were $6,485, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 4,015 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    6-7% 4,703 $1,266,055,000 $269,202
    7-8% 2,883 $828,115,000 $287,241
    5-6% 1,384 $372,600,000 $269,220
    <2.5% 1,271 $12,425,000 $9,776
    Over 8% 333 $71,795,000 $215,601
    4-5% 146 $38,340,000 $262,603
    3-4% 28 $8,130,000 $290,357
    2.5-3% 8 $1,920,000 $240,000

    During 2023, Gateway First Bank's average interest rate for loans was 6.39%, while their most frequently originated rate bucket for loans was 6-7%, with 4,703 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 4,573 $1,289,195,000 $281,914 $6,961 6.73%
    $100k-200k 2,639 $407,805,000 $154,530 $4,746 6.73%
    $100,000 or less 2,044 $59,170,000 $28,948 $1,473 2.64%
    $400k-600k 1,152 $545,530,000 $473,550 $8,474 6.68%
    $600k-1MM 336 $230,030,000 $684,613 $10,280 6.77%
    $1MM+ 12 $67,650,000 $5,637,500 $20,960 7.01%

    2023 saw Gateway First Bank place emphasis on $200k-400k loans with 4,573 originations, totaling $1,289,195,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 2,733 $432,775,000 $158,352 $4,744 5.47%
    $100k-150k 2,464 $689,280,000 $279,740 $6,763 6.22%
    $75k-100k 2,279 $459,415,000 $201,586 $5,558 5.57%
    $150k-250k 1,490 $549,390,000 $368,718 $7,304 6.77%
    $50k or less 1,100 $119,210,000 $108,373 $3,984 5.49%
    $250k+ 642 $285,270,000 $444,346 $7,219 6.94%

    Gateway First Bank lent most frequently to those with incomes in the $50k-75k range, with 2,733 originations. The second most popular income band? $100k-150k, with 2,464 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    30-36% 1,608 $374,950,000 $233,178 $5,312 6.04%
    20-30% 1,232 $287,230,000 $233,141 $5,197 6.36%
    50-60% 1,183 $294,615,000 $249,041 $8,735 5.66%
    49% 667 $179,155,000 $268,598 $6,477 6.30%
    44% 535 $123,275,000 $230,421 $5,808 5.89%
    48% 472 $116,310,000 $246,419 $6,234 5.96%
    43% 468 $102,830,000 $219,722 $5,574 5.70%
    42% 463 $103,865,000 $224,330 $5,664 5.65%
    47% 458 $109,590,000 $239,279 $5,705 5.78%
    40% 456 $105,320,000 $230,965 $5,820 5.92%
    46% 454 $104,020,000 $229,119 $5,651 5.56%
    45% 443 $105,775,000 $238,770 $5,790 5.67%
    41% 421 $96,925,000 $230,226 $5,410 5.85%
    38% 384 $88,480,000 $230,417 $5,468 5.77%
    36% 370 $81,390,000 $219,973 $5,492 5.95%
    39% 365 $81,915,000 $224,425 $5,569 5.74%
    37% 345 $78,975,000 $228,913 $5,505 5.80%
    <20% 324 $77,970,000 $240,648 $5,253 6.58%
    >60% 47 $18,955,000 $403,298 $9,182 6.41%

    Gateway First Bank lent most frequently to those with DTI ratios of 30-36%, with 1,608 originations. The next most common DTI ratio? 20-30%, with 1,232 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 8,227 $1,958,435,000 $238,050 $5,779 6.01%
    Not provided 1,102 $272,480,000 $247,260 $6,559 5.96%
    Black 798 $157,470,000 $197,331 $6,237 5.06%
    Not applicable 48 $64,040,000 $1,334,167 $0 8.12%
    American Indian 281 $61,815,000 $219,982 $6,081 5.91%
    Asian 210 $58,150,000 $276,905 $6,439 6.21%
    Asian Indian 28 $10,430,000 $372,500 $7,695 6.73%
    Other Asian 20 $6,570,000 $328,500 $7,049 6.35%
    Filipino 13 $3,535,000 $271,923 $8,153 6.62%
    Native Hawaiian or Islander 12 $2,100,000 $175,000 $5,363 5.07%
    Korean 5 $1,285,000 $257,000 $5,852 5.63%
    Vietnamese 4 $1,200,000 $300,000 $3,003 6.44%
    Guamanian 3 $785,000 $261,667 $6,708 6.26%
    Chinese 2 $510,000 $255,000 $6,054 6.75%
    Other Pacific Islander 2 $430,000 $215,000 $5,945 7.19%
    Native Hawaiian 1 $145,000 $145,000 $3,120 5.00%

    Approval Rates

    Total approvals of all applications
    95.52%

    Gateway First Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

    Pick Rate

    Approvals leading to origination
    63.94%

    Gateway First Bank has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 10,756 $2,599,380,000 $241,668

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    10,756 $2,599,380,000 $241,668

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 403 $65,705,000 $163,040 $3,672 6.66%
    40-60% 650 $201,610,000 $310,169 $5,530 6.53%
    60-80% 1,885 $571,915,000 $303,403 $6,337 6.85%
    80-100% 6,037 $1,662,495,000 $275,384 $6,806 6.72%
    Over 100% 198 $64,870,000 $327,626 $12,822 6.58%
    Under 20% 1,583 $32,785,000 $20,711 $458 1.41%