Refinance Your Mortgage

Refinance Today

Refinancing your home loan with Gate City Bank could mean a lower monthly payment, shorter loan period or even additional cash for that remodeling project you’ve been dreaming of.

Gate City Bank offers locally approved, financed and serviced home loans with competitive rates. With historically low interest rates, now is the perfect time to consider refinancing.

Fast and Simple Savings

Why should I refinance my mortgage?

  • Reduce your monthly payment when you switch to a lower interest rate
  • Pay off your loan faster by refinancing from a 30-year mortgage to a 15-year mortgage
  • Get the cash you need for your next remodel
  • You can close on your loan quickly

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Looking for more information on home loans from Gate City Bank?

Read our Better Home Buying Tips.

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Mortgage Loan Refinance Rates

Effective Date: Friday, April 10, 2020

ProgramRatesPointsAPR
30 Year Fixed (Conforming)*3.500%0.00%3.672%
15 Year Fixed (Conforming)*3.000%0.00%3.303%
10 Year Fixed (Conforming)*2.875%0.00%3.315%

Mortgage purchase loan rates are available here.

*Rates are subject to change without notice.

The information provided assumes the purpose of the loan is to refinance 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.