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, Morgantown, Cincinnati, Baton Rouge, and New Orleans among others. We have data for 40 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
500Origination Dollar Volume (All Markets)
$151,390,000Top 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) | 96 | $23,900,000 | $248,958 | $0 | 0.00% |
| Outside of Metro Areas | 129 | $16,885,000 | $130,891 | $0 | 0.00% |
| MORGANTOWN, WV (FHA|USDA|VA) | 8 | $16,130,000 | $2,016,250 | $0 | 0.00% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 3 | $14,745,000 | $4,915,000 | $0 | 0.00% |
| BATON ROUGE, LA (FHA|USDA|VA) | 57 | $13,905,000 | $243,947 | $0 | 0.00% |
| NEW ORLEANS-METAIRIE, LA (FHA|USDA|VA) | 24 | $9,280,000 | $386,667 | $0 | 0.00% |
| ALEXANDRIA, LA (FHA|USDA|VA) | 43 | $8,245,000 | $191,744 | $0 | 0.00% |
| Clarksburg, WV (FHA|USDA|VA) | 18 | $8,050,000 | $447,222 | $0 | 0.00% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 2 | $7,440,000 | $3,720,000 | $0 | 0.00% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 10 | $5,570,000 | $557,000 | $0 | 0.00% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $4,485,000 | $4,485,000 | $0 | 0.00% |
| LAFAYETTE, LA (FHA|USDA|VA) | 22 | $4,310,000 | $195,909 | $0 | 0.00% |
| SHREVEPORT-BOSSIER CITY, LA (FHA|USDA|VA) | 27 | $3,505,000 | $129,815 | $0 | 0.00% |
| WACO, TX (FHA|USDA|VA) | 12 | $2,100,000 | $175,000 | $0 | 0.00% |
| Fairmont, WV (FHA|USDA|VA) | 7 | $2,055,000 | $293,571 | $0 | 0.00% |
| LAKE CHARLES, LA (FHA|USDA|VA) | 4 | $1,510,000 | $377,500 | $0 | 0.00% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 2 | $960,000 | $480,000 | $0 | 0.00% |
| Opelousas, LA (FHA|USDA|VA) | 5 | $875,000 | $175,000 | $0 | 0.00% |
| MONROE, LA (FHA|USDA|VA) | 4 | $870,000 | $217,500 | $0 | 0.00% |
| McComb, MS (FHA|USDA|VA) | 2 | $720,000 | $360,000 | $0 | 0.00% |
| Calhoun, GA (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $0 | 0.00% |
| Elkins, WV (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $0 | 0.00% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $0 | 0.00% |
| Bogalusa, LA (FHA|USDA|VA) | 1 | $445,000 | $445,000 | $0 | 0.00% |
| HUNTINGTON-ASHLAND, WV-KY-OH (FHA|USDA|VA) | 2 | $390,000 | $195,000 | $0 | 0.00% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $0 | 0.00% |
| Sevierville, TN (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $0 | 0.00% |
| TEXARKANA, TX-AR (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $0 | 0.00% |
| GULFPORT-BILOXI, MS (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $0 | 0.00% |
| Jennings, LA (FHA|USDA|VA) | 3 | $275,000 | $91,667 | $0 | 0.00% |
| LONGVIEW, TX (FHA|USDA|VA) | 2 | $270,000 | $135,000 | $0 | 0.00% |
| MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC (FHA|USDA|VA) | 1 | $245,000 | $245,000 | $0 | 0.00% |
| LEXINGTON-FAYETTE, KY (FHA|USDA|VA) | 1 | $235,000 | $235,000 | $0 | 0.00% |
| LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $0 | 0.00% |
| HOUMA-THIBODAUX, LA (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $0 | 0.00% |
| Minden, LA (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $0 | 0.00% |
| JACKSON, MS (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $0 | 0.00% |
| Ruston, LA (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
| MOBILE, AL (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $0 | 0.00% |
Product Mix
| Loan Type | Originations | Total Value | Avg. Loan | Avg. Fees | Avg. Rate |
|---|---|---|---|---|---|
| Conventional | 500 | $151,390,000 | $302,780 | $0 | 0.00% |
For 2022, First Guaranty Bank's most frequently originated type of loan was Conventional, with 500 originations.
Loan Reason
For 2022, First Guaranty Bank's most frequently cited loan purpose was Home Purchase, with 294 originations. The 2nd most popular reason was Refi, with 186 originations.
Loan Duration/Length
| Loan Length | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Other | 500 | $151,390,000 | $302,780 | $0 | 0.00% |
For 2022, First Guaranty Bank's most frequently cited loan duration was Other, with 500 originations.
Loan Sizing
2022 saw First Guaranty Bank place emphasis on $100,000 or less loans with 152 originations, totaling $8,220,000 in origination value.
Applicant Income
First Guaranty Bank lent most frequently to those with incomes in the $50k or less range, with 76 originations. The second most popular income band? $50k-75k, with 75 originations.
Applicant Debt to Income Ratio
| DTI Ratio | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| Exempt% | 500 | $151,390,000 | $302,780 | $0 | 0.00% |
First Guaranty Bank lent most frequently to those with DTI ratios of Exempt%, with 500 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.17%
First Guaranty Bank has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.
Pick Rate
Approvals leading to origination74.00%
First Guaranty Bank has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| Exempt | 500 | $151,390,000 | $302,780 |
Complaints
| Bank Name | Product | Issue | 2022 CPFB Complaints | % of Total Issues |
|---|---|---|---|---|
| FIRST GUARANTY MORTGAGE CORP | Conventional home mortgage | Struggling to pay mortgage | 1 | 100.0% |