Gate City Bank Mortgage Refinance Review

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

• 4 different mortgage programs offered. Gate City Bank Mortgage Refinance refinances FHA, VA, conforming, and conventional mortgages.
• Financing for a variety of property types. Offers refinancing for manufactured, single, and multi-family homes.
• Standard interest rates types. Gate City Bank Mortgage Refinance offers adjustable-rate mortgages and fixed-rate mortgages.
• Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for refinancing. However, Gate City Bank Mortgage Refinance does offer refinancing for primary and secondary homes (e.g. vacation properties).
• Fast process. In some cases you can refinance your mortgage loan within 6 business days.
• Origination fees of up to 5%. This is on the high end when compared to the other lenders SuperMoney tracks. Origination fees are deducted from the loan amount, so consider them when deciding how much you need to borrow.
• Cosigner applications accepted. Applying for Gate City Bank Mortgage Refinance with a cosigner can improve your chances of approval and help you qualify for lower interest rates.
• Fair credit accepted. Borrowers with a credit score as low as 600 may qualify for Gate City Bank Mortgage Refinance.

What is the maximum loan term for a mortgage refinance via Gate City Bank Mortgage Refinance?

The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Gate City Bank Mortgage Refinance offers mortgages refinancing with terms ranging from 15 to 30 years.

Does Gate City Bank Mortgage Refinance charge a mortgage origination fee?

Yes, Gate City Bank Mortgage Refinance will charge a loan origination fee of 0% to 5% of the loan amount.