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Last Updated: 04/18/2025

Gate City Bank Home Equity Loans

in Home Equity Loans from Gate City Bank

Last Updated: 04/18/2025

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Credit Score Range

600 - 850

Amount Range

N/A

Maximum LTV

90%

Loan Term (Years)

Up to 30
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Gate City Bank Home Equity Loans Review

Gate City Bank Home Equity Loans is offered by Gate City Bank (NMLS #435154), a bank founded in 1923 and based in Fargo, ND. Gate City Bank Home Equity Loans are available in 2 states.

Key Takeaways

  • Investment and personal use properties considered. Financing available for primary homes, vacation homes, and even investment homes, such as rental properties.
  • Fast process. In some cases you can close on your home loan within 6 business days.
  • Origination fees of 0% to 5%. This is on the high end for lenders on SuperMoney's database.
  • High maximum LTV ratio. Gate City Bank Home Equity Loans has a maximum loan to value ratio of 90%.
  • Fair credit accepted. Borrowers with a credit score as low as 600 may qualify for Gate City Bank Home Equity Loans.

Gate City Bank Home Equity Loans Pros & Cons

Gate City Bank Home Equity Loans FAQ

What are the home equity loan requirements of Gate City Bank Home Equity Loans

This lender's maximum loan to value rate is 90%. That means the total debt secured by the property cannot exceed 90% of its value. Let's say you own a property with a current market value of $100k, but you still owe $20k on your mortgage. Your equity would be $80k. In this scenario, if you have good credit, you may qualify for a line of credit of up to $70k.
Generally, the APRs of home equity loans do not include points and financing charges, just the interest rate.

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

Gate City Bank Home Equity Loans will typically fund home equity loans within 6 to 10 days of approval.

What fees does Gate City Bank Home Equity Loans charge for a home equity loan?

Gate City Bank Home Equity Loans may charge a loan origination fee of 0% to 5% of the loan amount.

What types of property can you use as security for a home equity loan with Gate City Bank Home Equity Loans?

Lenders often have restrictions on the type of properties they will accept as security for a home equity loan. Gate City Bank Home Equity Loans will consider loans secured by the following property types:
  • Primary home.
  • Secondary homes and vacation properties.
  • Investment properties and house flipping projects.

Is Gate City Bank a legit company?

Gate City Bank was founded in 1923, it is a well-established company that has been in business for 103 years.
Unfortunately, we don't have sufficient community reviews to provide a reliable rating of their user experience and customer service.

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Gate City Bank Home Equity Loans logo

Message from Gate City Bank Home Equity Loans

Gate City Bank's Home Equity Loans and Lines of Credit can put your home’s value to work as collateral to finance a remodeling project, consolidate debt or take that long-awaited vacation. Put your home’s value to work with a home equity loan. Our home equity loans offer homeowners a convenient way to finance a remodeling project, pay for higher education or consolidate personal debts – all at a fixed rate. It’s time to start dreaming!

Contact

Headquarters

P.O. Box 2847
Fargo, ND 58108
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Email Support

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
Invalid DateTime - 6:00PM

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