PlainLender

West Gate Bank

Lincoln, NE

West Gate Bank processed 3,589 mortgage applications in 2024 per HMDA data reported to the Consumer Financial Protection Bureau (CFPB), originating 2,003 loans with a 3.0% denial rate. Home Purchase was the primary loan purpose. Based in Lincoln, NE. The approval rate of 55.8% reflects originated loans as a share of all applications. Below you will find a breakdown by loan type, loan purpose, denial reasons, and demographic lending patterns as required by the Home Mortgage Disclosure Act.

Portfolio scale. West Gate Bank processed 3,589 HMDA-reported mortgage applications in 2024, originating 2,003 loans and denying 108 for a denial rate of 3.0% (applicants themselves withdrew 12 files before a decision). The average loan amount was $257,984 at a 6.313% average note rate, and applicants self-reported an average income of $35,000. The lender reports under LEI 549300QLO8TSQW5JTK72 from Lincoln, NE.

Why approval and denial rates diverge. Approval (origination) rate and denial rate do not sum to 100% — HMDA records several outcomes beyond approved-and-funded, including files that were approved but not accepted by the applicant, withdrawn, or closed for incompleteness. West Gate Bank's 55.8% origination rate tells you how often an application turned into funded money; the 3.0% denial rate is a separate read on underwriting strictness. The most frequently cited denial reasons in this file were Debt-to-income ratio, Credit history, Insufficient cash, which together explain the majority of rejections. Most activity concentrated in Conventional loans (3,339 applications).

How to read this page. These figures are aggregate HMDA disclosures — they describe this lender's overall 2024 book, not your individual odds. Approval and denial rates are shaped by the applicant mix a lender actually receives: credit profile, loan-to-value, debt-to-income, property type, and geography. A lower denial rate at one lender versus another does not necessarily mean easier underwriting — it often reflects borrower self-selection and loan-product specialization. This page is informational data reporting, not financial, legal, or mortgage advice. Compare multiple lenders, read your Loan Estimate carefully, and consult a licensed mortgage professional before applying. Data reflects 2024 disclosures published by the CFPB in 2025.

3,589
Applications
2,003
Originated
3.0%
Denial Rate
$257,984
Avg Loan Amount
Avg Interest Rate: 6.313% Avg Applicant Income: $35,000

Lending Activity

Type Applications Originated Denied Avg Loan
Conventional 3,339 1,884 84 $256,962
VA 124 68 5 $343,387
FHA 94 33 13 $215,000
USDA 32 18 6 $160,000

Top loan types — West Gate Bank

Top loan types — West Gate Bank Horizontal bar chart of the top 4 items by value (applications). Top loan types — West Gate Bank Top 4 1. Conventional 3,339 2. VA 124 3. FHA 94 4. USDA 32 Top 5 loan types by application volume at West Gate Bank (HMDA 2023). Source: CFPB HMDA loan/application register.

Source: CFPB Home Mortgage Disclosure Act (HMDA) loan/application register HMDA 2023 LAR — application-level mortgage data for West Gate Bank (LEI: 549300QLO8TSQW5JTK72) · 2023 HMDA reports filed annually; covers applications received during the calendar year. Approval rates exclude withdrawn / incomplete applications. Denial reasons are lender-reported.

Denial Analysis

Debt-to-income ratio
54
Credit history
38
Insufficient cash
22
Unverifiable information
17
Other
9
Credit application incomplete
7
Collateral
4
Employment history
3

Loan Purpose Breakdown

Purpose Applications Originated Avg Loan
Home Purchase 2,921 1,634 $259,711
Refinancing 397 227 $292,834
Cash-out Refinancing 172 88 $208,953
Other 71 33 $157,113
Home Improvement 28 21 $140,714

Geographic Coverage — Lending by Race

Derived race categories as reported under HMDA. Source: CFPB.

Race Applications Approval Rate Denial Rate
White 2,038 87.1% 4.6%
Asian 103 81.5% 2.9%
Joint 31 96.8% 3.2%
Black or African American 17 82.3% 0.0%
American Indian or Alaska Native 6 83.3% 16.7%
Native Hawaiian or Other Pacific Islander 2 50.0% 0.0%

Lending by Ethnicity

Hispanic/Latino is an ethnicity, not a race. Shown separately per U.S. Census Bureau standards.

Ethnicity Applications Approval Rate Denial Rate
Not Hispanic or Latino 1,985 87.6% 4.2%
Hispanic or Latino 160 78.1% 6.9%
Joint 43 76.7% 4.7%

Nearby Lenders in NE

Other HMDA-reporting lenders in NE with similar activity. Compare any two side-by-side.

FIRST NATIONAL BANK OF OMAHA

OMAHA, NE

7,537 apps 4,818 originated 17.0% denied

PINNACLE BANK

LINCOLN, NE

3,058 apps 2,573 originated 5.0% denied

Charter West Bank

West Point, NE

2,250 apps 1,580 originated 7.3% denied

Centris Federal Credit Union

Omaha, NE

2,107 apps 1,318 originated 19.9% denied

Union Bank and Trust Company

Lincoln, NE

1,796 apps 1,299 originated 13.5% denied
Compare West Gate Bank vs FIRST NATIONAL BANK OF OMAHA →

Mortgage Lending Guides

Why Mortgages Get Denied
Common denial reasons and how to improve your chances
Comparing Mortgage Lenders
What to look for when choosing a mortgage lender
Getting the Best Mortgage Rate
Strategies for securing the lowest interest rate
Understanding HMDA Data
How to read and interpret mortgage disclosure data
Denial Rates by Demographics
Demographic patterns in mortgage approval and denial

Explore More Data

Bank Financial Data → Credit Union Data → Financial Advisor Lookup → Home Insurance Costs → Property Tax Data → Rent Price Data →

Frequently Asked Questions

How many mortgage applications did West Gate Bank process?
West Gate Bank processed 3,589 mortgage applications in the 2023 HMDA reporting year. Of these, 2,003 were originated (approved and funded), 12 were withdrawn by the applicant, and 108 were denied.
What is West Gate Bank's mortgage approval rate?
West Gate Bank has an approval (origination) rate of 55.8%, meaning 55.8% of all applications resulted in a funded mortgage. The denial rate is 3.0%.
What is the average loan amount at West Gate Bank?
The average mortgage loan amount at West Gate Bank is $257,984. The average interest rate is 6.313%. The average applicant income is $35,000.
What are the most common reasons for mortgage denial at West Gate Bank?
The most common reasons for mortgage denial at West Gate Bank are: Debt-to-income ratio, Credit history, Insufficient cash. In total, 108 applications were denied out of 3,589 total applications.
What types of mortgage loans does West Gate Bank offer?
West Gate Bank processes Conventional, VA, FHA, USDA loans. The most common type is Conventional with 3,339 applications and an average loan amount of $256,962.
What loan purposes does West Gate Bank serve?
West Gate Bank serves the following loan purposes: Home Purchase (2,921 applications), Refinancing (397 applications), Cash-out Refinancing (172 applications), Other (71 applications), Home Improvement (28 applications). Home Purchase is the most common purpose.
Where is West Gate Bank located?
West Gate Bank is headquartered in Lincoln, NE. The lender is identified by LEI 549300QLO8TSQW5JTK72 in HMDA data.
How does West Gate Bank compare in lending across racial demographics?
West Gate Bank reports demographic lending data under HMDA requirements. White applicants have an approval rate of 87.1% and denial rate of 4.6%; Asian applicants have an approval rate of 81.5% and denial rate of 2.9%; Joint applicants have an approval rate of 96.8% and denial rate of 3.2%. This data reflects derived race categories as reported by applicants.

Data Sources

Data as of 2024. Source: Consumer Financial Protection Bureau (CFPB), Home Mortgage Disclosure Act (HMDA) 2024 Snapshot.

Data from FFIEC / CFPB HMDA 2024 Snapshot National Loan-Level Dataset. Demographic data reflects derived categories as reported by applicants. Denial rates include all application outcomes. This data is provided for informational purposes only.

Read our methodology — how this data is sourced, computed, and verified.