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Mortgage Loans

Mortgage Loan Purchase Rates

Effective Date: Sunday, February 28, 2021

Mortgage Loan Purchase Rates

30 Year Fixed (Conforming)2.750%0.00%2.912%
15 Year Fixed (Conforming)2.375%0.00%2.669%
10 Year Fixed (Conforming)2.250%0.00%2.679%

Mortgage loan refinance rates are available here.

*Rates are subject to change without notice. 

The information provided assumes the purpose of the loan is to purchase a property, assuming a 20% down payment and a loan amount of $100,000. The property is an existing single family home and will be used as a primary residence. An escrow account may be required.  Example: A loan of $100,000 at 5.00% APR results in 360 monthly payments of $363.50. Payments quoted do not include taxes and insurance and the actual payment obligation will be greater. The rate lock period is 60 days and the assumed credit score is 740. Your guaranteed rate will depend on various factors including loan product, credit profile, property value, occupancy, loan size, etc. To learn more about these programs and many others, please contact a Gate City Bank Mortgage Loan Officer.


Gate City Bank provides better home loans:

  • Conventional Loans with fixed rates and adjustable rates
  • 15 month rate lock for proposed and new construction
  • Save time by signing documents electronically.
  • Low down payment and no origination fee options
  • Construction-Permanent Loans (one time loan closing)
  • VA, FHA, and Rural Development Loans
  • First-Time Homebuyer Program (ND)
  • Lake Home Loans
  • Winter Home Loans

The BetterLife Student Loan Program is the unique option to refinance student loan debt at a fixed interest rate of 1.50% APR1.

To help guide you through the application process, we have prepared a check list of items to bring with you to your appointment with a mortgage lender.

Like what you see? Take the next step!

Additional Home Loan Information:

1Terms and conditions may apply. Rates subject to change.