Gateway First Bank in Virginia vs the state
3.7%Denial rate-12.24 pts vs state
5.0%Decision denial rate-15.25 pts vs state
70.4%Origination rate+10.85 pts vs state
6.75%Median rate+0.13 pts vs state
0.51Rate spread (pts)+0.29 pts vs state
$107kMedian applicant income
19Loans originated
1Denied
Trend in Virginia
| Year | Applications | Originated | Denial rate | Median rate | Rank in state |
|---|---|---|---|---|---|
| 2023 | 18 | 13 | 0.0% | 7.13% | #489 |
| 2024 | 30 | 24 | 0.0% | 6.69% | #432 |
| 2025 | 27 | 19 | 3.7% | 6.75% | #458 |
What Gateway First Bank lends in Virginia
By loan purpose
By loan type
Why it denied Virginia applicants
Where in Virginia
Counties with the most Gateway First Bank applications in 2025.
| County | Applications | Originated | Denied | Denial rate |
|---|---|---|---|---|
| Bedford County | 8 | 6 | 0 | 0.0% |
| Lynchburg city | 5 | 3 | 1 | 20.0% |
| Rockbridge County | 2 | 2 | 0 | 0.0% |
| Amherst County | 2 | 2 | 0 | 0.0% |
| Campbell County | 2 | 1 | 0 | 0.0% |
| Harrisonburg city | 2 | 1 | 0 | 0.0% |
| Franklin County | 2 | 1 | 0 | 0.0% |
| Montgomery County | 1 | 0 | 0 | 0.0% |
| Loudoun County | 1 | 1 | 0 | 0.0% |
| Lexington city | 1 | 1 | 0 | 0.0% |
Other large lenders in Virginia
| Lender | Grade | Applications | Denial rate | Median rate |
|---|---|---|---|---|
| Navy Federal Credit Union | D | 19,395 | 19.3% | 7.75% |
| Rocket Mortgage | C | 19,274 | 14.8% | 6.63% |
| United Shore Financial Services | B | 13,994 | 10.4% | 6.12% |
| Truist Bank | C | 11,838 | 31.6% | 6.49% |
| Mortgage Research Center | C | 9,000 | 16.7% | 6.25% |
| Pennymac Loan Services | C | 8,334 | 10.7% | 6.38% |
| Freedom Mortgage | B | 8,029 | 6.5% | 6.25% |
| Bank of America | F | 6,584 | 31.9% | 6.24% |
| Newrez | D | 6,390 | 16.4% | 6.38% |
| Movement Mortgage | A | 6,126 | 4.3% | 6.56% |
Frequently asked questions
Virginia: 27 applications in 2025, of which 19 were originated and 1 denied.
3.7% of all applications, or 5.0% of the applications it actually decided on. The Virginia statewide average across all lenders was 15.9%.
The median rate on loans Gateway First Bank originated in Virginia in 2025 was 6.75%, against a statewide median of 6.63%.
About this data. Figures are Gateway First Bank's own HMDA filing for properties located in Virginia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology