Gate City Bank in Florida vs the state
25.0%Denial rate+3.94 pts vs state
40.0%Decision denial rate+12.76 pts vs state
25.0%Origination rate-27.69 pts vs state
6.13%Median rate-0.50 pts vs state
-0.08Rate spread (pts)-0.35 pts vs state
$174kMedian applicant income
2Loans originated
2Denied
Trend in Florida
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 10 | 8 | 20.0% | 6.44% | #993 |
| 2024 | 7 | 3 | 28.6% | 7.38% | #1,008 |
| 2025 | 8 | 2 | 25.0% | 6.13% | #971 |
What Gate City Bank lends in Florida
By loan purpose
By loan type
Why it denied Florida applicants
Where in Florida
Counties with the most Gate City Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Manatee County | 2 | 1 | 0 | 0.0% |
| Marion County | 1 | 0 | 0 | 0.0% |
| Sarasota County | 1 | 1 | 0 | 0.0% |
| Hillsborough County | 1 | 0 | 1 | 100.0% |
| Santa Rosa County | 1 | 0 | 1 | 100.0% |
| Polk County | 1 | 0 | 0 | 0.0% |
| Volusia County | 1 | 0 | 0 | 0.0% |
Other large lenders in Florida
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| United Shore Financial Services | B | 71,405 | 15.3% | 6.44% |
| Rocket Mortgage | C | 46,611 | 21.0% | 6.63% |
| Bank of America | F | 23,634 | 37.7% | 6.24% |
| Pennymac Loan Services | C | 19,516 | 14.1% | 6.50% |
| Navy Federal Credit Union | D | 19,452 | 23.2% | 7.59% |
| Crosscountry Mortgage | B | 19,103 | 5.2% | 6.75% |
| Newrez | D | 17,519 | 22.4% | 6.75% |
| Dhi Mortgage Company | B | 16,661 | 14.5% | 4.88% |
| Lennar Mortgage | A | 14,984 | 21.0% | 4.75% |
| Truist Bank | C | 14,140 | 41.5% | 6.60% |
Frequently asked questions
Florida: 8 applications in 2025, of which 2 were originated and 2 denied.
25.0% of all applications, or 40.0% of the applications it actually decided on. The Florida statewide average across all lenders was 21.1%.
The median rate on loans Gate City Bank originated in Florida in 2025 was 6.13%, against a statewide median of 6.63%.
About this data. Figures are Gate City Bank's own HMDA filing for properties located in Florida, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology