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 loans. First Guaranty Bank has a high proportion of conventional loans. Their top markets by origination volume include: Hammond, Baton Rouge, New Orleans, Shreveport, and Clarksburg among others. We have data for 39 markets. (Some data included below & more in-depth data is available with an active subscription.)First Guaranty Bank has an above 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
412Origination Dollar Volume (All Markets)
$99,870,000Top 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) | 86 | $21,830,000 | $253,837 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 57 | $18,035,000 | $316,404 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 30 | $9,280,000 | $309,333 | $0 | 0.00% |
| Outside of Metro Areas | 84 | $8,990,000 | $107,024 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 28 | $7,230,000 | $258,214 | $0 | 0.00% |
| Clarksburg, WV (FHA|USDA|VA) | 23 | $5,815,000 | $252,826 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $4,560,000 | $456,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 6 | $2,890,000 | $481,667 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 25 | $2,635,000 | $105,400 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 18 | $2,610,000 | $145,000 | $0 | 0.00% |
| CLARKSVILLE, TN-KY (FHA|USDA|VA) | 1 | $2,315,000 | $2,315,000 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 6 | $2,150,000 | $358,333 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $1,550,000 | $775,000 | $0 | 0.00% |
| Granbury, TX (FHA|USDA|VA) | 2 | $1,320,000 | $660,000 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 1 | $925,000 | $925,000 | $0 | 0.00% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $755,000 | $755,000 | $0 | 0.00% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $0 | 0.00% |
| AUGUSTA-RICHMOND COUNTY, GA-SC (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $595,000 | $595,000 | $0 | 0.00% |
| Vicksburg, MS (FHA|USDA|VA) | 1 | $535,000 | $535,000 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $425,000 | $425,000 | $0 | 0.00% |
| WHEELING, WV-OH (FHA|USDA|VA) | 1 | $415,000 | $415,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| McComb, MS (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $0 | 0.00% |
| Fairmont, WV (FHA|USDA|VA) | 3 | $285,000 | $95,000 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 3 | $225,000 | $75,000 | $0 | 0.00% |
| CHARLESTON, WV (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $0 | 0.00% |
| Fort Polk South, LA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| HAGERSTOWN-MARTINSBURG, MD-WV (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| Branson, MO (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $0 | 0.00% |
| Maysville, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 2 | $120,000 | $60,000 | $0 | 0.00% |
| Natchez, MS-LA (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $0 | 0.00% |
| Jennings, LA (FHA|USDA|VA) | 2 | $80,000 | $40,000 | $0 | 0.00% |
| Bogalusa, LA (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 412 | $99,870,000 | $242,403 | $0 | 0.00% |
For 2023, First Guaranty Bank's most frequently originated type of loan was Conventional, with 412 originations.
Loan Reason
For 2023, First Guaranty Bank's most frequently cited loan purpose was Home Purchase, with 266 originations. The 2nd most popular reason was Refi, with 103 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 412 | $99,870,000 | $242,403 | $0 | 0.00% |
For 2023, First Guaranty Bank's most frequently cited loan duration was Other, with 412 originations.
Loan Sizing
2023 saw First Guaranty Bank place emphasis on $100,000 or less loans with 135 originations, totaling $7,345,000 in origination value.
Applicant Income
First Guaranty Bank lent most frequently to those with incomes in the $100k-150k range, with 93 originations. The second most popular income band? $75k-100k, with 57 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 412 | $99,870,000 | $242,403 | $0 | 0.00% |
First Guaranty Bank lent most frequently to those with DTI ratios of Exempt%, with 412 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications92.25%
First Guaranty Bank has an average approval rate.
Pick Rate
Approvals leading to origination76.46%
First Guaranty Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 412 | $99,870,000 | $242,403 |