First Guaranty Bank Mortgage Rates, Fees & Info
Hammond, LALEI: 549300G8SAGXEDF5FK39
Tax ID: 72-0201420
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Mortgage Data
Review & Overview
First Guaranty Bank is a smaller bank specializing in Home Purchase and Refi loans. First Guaranty Bank has a high proportion of conventional loans. Their top markets by origination volume include: Hammond, Baton Rouge, Dallas, New Orleans, and Gulfport among others. We have data for 28 markets. (Some data included below & more in-depth data is available with an active subscription.)First Guaranty Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.
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Originations
311Origination Dollar Volume (All Markets)
$71,525,000Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| HAMMOND, LA (FHA|USDA|VA) | 70 | $17,770,000 | $253,857 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 41 | $11,125,000 | $271,341 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 17 | $9,895,000 | $582,059 | $0 | 0.00% |
| Outside of Metro Areas | 70 | $8,360,000 | $119,429 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 25 | $7,815,000 | $312,600 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 8 | $2,610,000 | $326,250 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 20 | $1,930,000 | $96,500 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 8 | $1,900,000 | $237,500 | $0 | 0.00% |
| Clarksburg, WV (FHA|USDA|VA) | 6 | $1,700,000 | $283,333 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 4 | $1,500,000 | $375,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 7 | $1,155,000 | $165,000 | $0 | 0.00% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $895,000 | $298,333 | $0 | 0.00% |
| MORGANTOWN, WV (FHA|USDA|VA) | 3 | $775,000 | $258,333 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 10 | $680,000 | $68,000 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 3 | $675,000 | $225,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| Bogalusa, LA (FHA|USDA|VA) | 3 | $375,000 | $125,000 | $0 | 0.00% |
| Mount Sterling, KY (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Maysville, KY (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $0 | 0.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 2 | $190,000 | $95,000 | $0 | 0.00% |
| Jennings, LA (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $0 | 0.00% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Fairmont, WV (FHA|USDA|VA) | 1 | $45,000 | $45,000 | $0 | 0.00% |
| Vicksburg, MS (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| Natchitoches, LA (FHA|USDA|VA) | 1 | $25,000 | $25,000 | $0 | 0.00% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $15,000 | $15,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 311 | $71,525,000 | $229,984 | $0 | 0.00% |
For 2024, First Guaranty Bank's most frequently originated type of loan was Conventional, with 311 originations.
Loan Reason
For 2024, First Guaranty Bank's most frequently cited loan purpose was Home Purchase, with 182 originations. The 2nd most popular reason was Refi, with 99 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 311 | $71,525,000 | $229,984 | $0 | 0.00% |
For 2024, First Guaranty Bank's most frequently cited loan duration was Other, with 311 originations.
Loan Sizing
2024 saw First Guaranty Bank place emphasis on $100,000 or less loans with 103 originations, totaling $5,225,000 in origination value.
Applicant Income
First Guaranty Bank lent most frequently to those with incomes in the $100k-150k range, with 68 originations. The second most popular income band? $50k or less, with 41 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 311 | $71,525,000 | $229,984 | $0 | 0.00% |
First Guaranty Bank lent most frequently to those with DTI ratios of Exempt%, with 311 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications86.84%
First Guaranty Bank has an average approval rate.
Pick Rate
Approvals leading to origination71.70%
First Guaranty Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 311 | $71,525,000 | $229,984 |