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  Gate City Bank Home Equity Lines of Credit

Gate City Bank Home Equity Lines of Credit

in Home Equity Lines of Credit from Gate City Bank · NMLS ID #435154

Unaffiliated

Gate City Bank Home Equity Lines of Credit

Unaffiliated

in Home Equity Lines of Credit from Gate City Bank · NMLS ID #435154

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Highlights
Loan Amount N/A
APR  (Fixed APR) N/A
Maximum LTV 90%

Gate City Bank Home Equity Lines of Credit Review

Gate City Bank Home Equity Lines of Credit is offered by Gate City Bank (NMLS #435154), a bank founded in 1923 and based in Fargo, ND. Gate City Bank Home Equity Lines of Credit is available in 2 states across the USA.

Gate City Bank Home Equity Lines of Credit FAQ

Is there a minimum draw requirement?

No, there isn't a minimum draw requirement.

What is the estimated funding time for a home loan via Gate City Bank Home Equity Lines of Credit?

Gate City Bank Home Equity Lines of Credit will typically fund home equity lines of credit within 6 days of approval.

What fees does Gate City Bank Home Equity Lines of Credit charge for a HELOC?

Gate City Bank Home Equity Lines of Credit may charge a loan origination fee of0% up to 5% of the loan amount . There is also an annual fee of $0.

What types of property can you use as security for a HELOC with Gate City Bank Home Equity Lines of Credit?

Lenders often have restrictions on the type of properties they will accept as security for a HELOC. Gate City Bank Home Equity Lines of Credit will consider lines of credit secured by the following property types:

  • Primary homes.
  • Secondary homes and vacation properties

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Message From Gate City Bank Home Equity Lines of Credit

Expenses come along unexpectedly; with a revolving home equity line of credit, you're covered. Here's a better way to access equity in your home and keep cash readily available. Features: No annual fee. May be able to access up to 90 percent of equity in your home. Personalized checks. Low interest rates - lower than most credit cards and interest could be tax deductible. Does not impact your mortgage rate or terms.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 7:00am - 10:00pm
  • Tuesday 7:00am - 10:00pm
  • Wednesday 7:00am - 10:00pm
  • Thursday 7:00am - 10:00pm
  • Friday 7:00am - 10:00pm
  • Saturday 8:30am - 6:00pm

Other Services by Gate City Bank

Availability

  Available in 2 states
  • Minnesota
  • North Dakota

Feature Breakdown

Annual Fee $0
No Prepayment Fee
Origination Fee (%) 0% - 5%
Credit Score Range 600 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Intended Use
  • Investment
  • Primary Home
  • Secondary Home
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Supported Income Types
  • Direct Deposit (W2, SSA, SSDI)
  • Cash
  • Payroll Check or Prepaid Card
  • 1099 Misc. Income
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Driver License (or other photo ID)
Maximum LTV 90%
Funding Time Range 6 - 10 days
Loan Term Up to 30 years
Interest Rate Types Offered
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)

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