Largest lenders in Gates County
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | Navy Federal Credit Union | D | 34 | 10 | 35.3% | 8.00% |
| 2 | State Employees' | C | 31 | 20 | 29.0% | 6.38% |
| 3 | United Shore Financial Services | B | 20 | 15 | 5.0% | 5.63% |
| 4 | Vanderbilt Mortgage and Finance | F | 17 | 0 | 35.3% | — |
| 5 | Rocket Mortgage | C | 15 | 10 | 20.0% | 6.63% |
| 6 | Newrez | D | 14 | 4 | 14.3% | 6.19% |
| 7 | Southern Bank and Trust | A | 13 | 12 | 7.7% | 7.50% |
| 8 | Mortgage Research Center | C | 12 | 8 | 0.0% | 6.38% |
| 9 | Truist Bank | C | 11 | 6 | 36.4% | 6.56% |
| 10 | Atlantic Bay Mortgage Group | A | 8 | 4 | 0.0% | 6.63% |
| 11 | Broker Solutions | D | 8 | 1 | 0.0% | 6.99% |
| 12 | Movement Mortgage | A | 8 | 6 | 0.0% | 6.44% |
| 13 | PNC Bank | D | 7 | 3 | 28.6% | 8.70% |
| 14 | Crosscountry Mortgage | B | 7 | 4 | 0.0% | 6.93% |
| 15 | Southern Trust Mortgage | B | 7 | 6 | 0.0% | 6.81% |
| 16 | American Neighborhood Mortgage Acceptance Company | B | 7 | 5 | 0.0% | 6.88% |
| 17 | Loandepot.Com | D | 7 | 0 | 71.4% | — |
| 18 | Tidewater Mortgage Services | C | 7 | 3 | 14.3% | 7.06% |
| 19 | AmeriSave Mortgage | D | 6 | 2 | 66.7% | 7.81% |
| 20 | 21st Mortgage | F | 6 | 0 | 83.3% | — |
| 21 | Pennymac Loan Services | C | 5 | 2 | 20.0% | 5.88% |
| 22 | Atlantic Union Bank | C | 5 | 3 | 40.0% | 8.00% |
| 23 | New Day Financial | F | 5 | 1 | 0.0% | 6.75% |
| 24 | Towne Mortgage | B | 5 | 3 | 40.0% | 6.13% |
| 25 | Carrington Mortgage Services | D | 5 | 1 | 60.0% | 5.63% |
What Gates County borrowers applied for
By loan purpose
By loan type
Why applications were denied
Gates County by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan |
|---|---|---|---|---|---|
| 2023 | 356 | 187 | 21.1% | 6.75% | $155,000 |
| 2024 | 383 | 159 | 29.0% | 6.75% | $165,000 |
| 2025 | 387 | 196 | 19.9% | 6.50% | $195,000 |
Frequently asked questions
19.9% of applications in Gates County were denied in 2025, against 18.1% statewide in North Carolina.
Navy Federal Credit Union, with 34 applications in 2025 and a denial rate of 35.3%.
The median mortgage application in Gates County in 2025 was for $195,000; the median property value on originated loans was $285,000.