Gateway First Bank · West Virginia · 2025

Gateway First Bank in West Virginia: approval rate, denial rate and rates (2025)

Gateway First Bank took 460 mortgage applications in West Virginia in 2025, ranking #30 of 565 lenders active in the state. It originated 73.3% of them and denied 3.7% (4.7% of the applications it decided), against a statewide denial rate of 21.2%.

460Applicationsin WV
4.7%Decision denial ratestate 26.7%
6.63%Median ratestate 6.62%
$155,000Median loanstate $145,000
$56MVolume31 counties

Gateway First Bank in West Virginia vs the state

3.7%Denial rate-17.49 pts vs state
4.7%Decision denial rate-21.92 pts vs state
73.3%Origination rate+18.47 pts vs state
6.63%Median rate0.00 pts vs state
0.41Rate spread (pts)+0.01 pts vs state
$71kMedian applicant income
337Loans originated
17Denied

Trend in West Virginia

YearApplicationsOriginatedDenial rateMedian rateRank in state
20233682283.3%6.75%#29
20244122952.2%6.75%#25
20254603373.7%6.63%#30

What Gateway First Bank lends in West Virginia

By loan purpose

Home purchase 430 93% · 3.5% denied
Refinance 10 2% · 10.0% denied
Cash-out refinance 19 4% · 5.3% denied
Other / HELOC 1 0% · 0.0% denied

By loan type

Conventional 227 49% · 3.5% denied
FHA 166 36% · 4.8% denied
VA 40 9% · 2.5% denied
USDA / RHS 27 6% · 0.0% denied

Why it denied West Virginia applicants

Debt-to-income ratio 7 41%
Credit history 3 18%
Employment history 3 18%
Other 2 12%
Unverifiable information 1 6%
Collateral 1 6%

Where in West Virginia

Counties with the most Gateway First Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
Kanawha County 22716512 5.3%
Putnam County 56431 1.8%
Cabell County 26160 0.0%
Boone County 24170 0.0%
Jackson County 15130 0.0%
Raleigh County 13102 15.4%
Marshall County 12110 0.0%
Nicholas County 1081 10.0%
Logan County 950 0.0%
Fayette County 870 0.0%

Other large lenders in West Virginia

LenderGradeApplicationsDenial rateMedian rate
Rocket MortgageC 3,61523.0%6.88%
Vanderbilt Mortgage and FinanceF 3,21438.5%9.99%
City National Bank of West VirginiaC 2,87025.0%6.29%
The Huntington National BankD 2,19428.1%7.00%
Truist BankC 1,77631.1%6.63%
Loandepot.ComD 1,62418.7%6.58%
Mortgage Research CenterC 1,59217.4%6.25%
WesBanco BankB 1,47516.7%6.01%
Movement MortgageA 1,1675.4%6.63%
Crosscountry MortgageB 1,1404.0%6.58%

Frequently asked questions

West Virginia: 460 applications in 2025, of which 337 were originated and 17 denied.

3.7% of all applications, or 4.7% of the applications it actually decided on. The West Virginia statewide average across all lenders was 21.2%.

The median rate on loans Gateway First Bank originated in West Virginia in 2025 was 6.63%, against a statewide median of 6.62%.

About this data. Figures are Gateway First Bank's own HMDA filing for properties located in West Virginia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology