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The City of West Fargo and Gate City Bank announce $1 million investment in NRI Housing Program

West Fargo, ND - The City of West Fargo and Gate City Bank announce a new partnership with a Neighborhood Revitalization Initiative Housing Program. Gate City Bank is proud to provide a $1 million investment to offer a low interest loan program, making it possible for owners of older homes in West Fargo to make improvements to their properties.

“Gate City Bank believes in providing a better way of life for our customers, communities and team members, and the Neighborhood Revitalization Initiative aligns closely with that,” said Kim Settel, Executive Vice President of Retail Banking & Lending. “We are privileged to partner with The City of West Fargo to help invest in the West Fargo community.”

The following are important details of the program:

  • Rates as low as 3.96% APR*
  • Repayable over 10 years or 15 years
  • Minimum loan value: $10,000
  • Maximum loan value: $75,000
  • Maximum loan to value: 90% (based on evaluation/appraisal of the property)

For more information, visithttps://www.westfargond.gov/894/Neighborhood-Revitalization-Program.

About Gate City Bank
A $2.2 billion mutual community bank, Gate City Bank has 38 locations across 19 communities in North Dakota and west central Minnesota. Employing 664 team members, Gate City Bank is committed to making lives better by investing in its team members and the communities it serves. In addition to being North Dakota’s number one mortgage lender, Gate City Bank has also been named one of the “50 Best Places to Work” since 2014 by Prairie Business. Additional information is available at gatecity.bank.

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