First Guaranty Mortgage Corporation Rates, Fees & Info

GLEN ALLEN, VA

LEI: 549300MMIZD8222YV754

Tax ID: 54-1429575

2020 Data | 2019 Data | 2018 Data


Overview

First Guaranty Mortgage Corporation is a mid-sized mortgage company specializing in Refi and Cash Out Refi loans. First Guaranty Mortgage Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Washington, San Diego, Los Angeles, Riverside, and Dallas among others. They have an above average approval rate for mortages when compared nationally -- and they have a below average pick rate when compared to the same sample of other lendors. First Guaranty Mortgage Corporation is typically an average fee lendor.


Originations

17,879

Origination Dollar Volume (All Markets)

$4,811,895,000

Relative Rate

First Guaranty Mortgage Corporation's average 30 year fixed rate mortgage was 3.1%.

The 2020 average 30 year fixed rate mortgage across all markets was 3.36%.

This yields a difference of -0.26%.

Relative Fees

First Guaranty Mortgage Corporation's average total fees for a 30 year fixed rate mortgage are $5,361.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $5,021.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 8,362 $2,405,870,000 $287,715 $3,760 3.20%
VA 4,818 $1,356,900,000 $281,631 $3,929 2.73%
FHA 4,310 $978,860,000 $227,114 $6,865 3.15%
USDA 389 $70,265,000 $180,630 $5,996 3.33%

For the 2020 period, First Guaranty Mortgage Corporation's most frequently originated loan type was Conventional, with 8,362 originations. Their 2nd most popular type is VA, with 4,818 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Refi 10,461 $2,763,315,000 $264,154 $3,996 2.89%
Cash Out Refi 4,243 $1,187,215,000 $279,806 $4,292 3.26%
Home Purchase 3,033 $821,965,000 $271,007 $7,266 3.37%
Home Improvement 142 $39,400,000 $277,465 $4,775 3.15%

For the 2020, First Guaranty Mortgage Corporation's most frequently cited loan purpose was Refi, with 10,461 originations. The 2nd most popular reason was Cash Out Refi, with 4,243 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 14,986 $4,125,960,000 $275,321 $4,840 3.10%
15 Year 1,210 $279,670,000 $231,132 $3,130 2.74%
Other 1,005 $253,825,000 $252,562 $4,079 2.93%
20 Year 616 $140,790,000 $228,555 $3,437 3.02%
10 Year 62 $11,650,000 $187,903 $2,764 2.61%

For the 2020, First Guaranty Mortgage Corporation's most frequently cited loan length was 30 Year, with 14,986 originations. The 2nd most popular length was 15 Year, with 1,210 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 9,472 $2,419,900,000 $255,479
$1k-2k 3,688 $1,012,490,000 $274,536
$2k-3k 1,544 $383,800,000 $248,575
$3k-4k 1,508 $415,530,000 $275,550
$5k+ 1,070 $437,070,000 $408,477

$5,361 was First Guaranty Mortgage Corporation's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 9,472 originations.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
Outside of Metro Areas 1,672 $322,940,000 $193,146 $4,274 3.08%
WASHINGTON-ARLINGTON-ALEXANDRIA, DC-VA-MD-WV 604 $222,560,000 $368,477 $5,337 2.92%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA 454 $192,860,000 $424,802 $5,288 2.96%
LOS ANGELES-LONG BEACH-GLENDALE, CA 424 $173,910,000 $410,165 $5,240 3.05%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA 424 $141,970,000 $334,835 $4,729 3.01%
DALLAS-PLANO-IRVING, TX 420 $115,760,000 $275,619 $4,078 3.08%
CHICAGO-NAPERVILLE-EVANSTON, IL 397 $109,875,000 $276,763 $4,783 3.17%
BALTIMORE-COLUMBIA-TOWSON, MD 311 $101,475,000 $326,286 $5,333 2.99%
PHOENIX-MESA-CHANDLER, AZ 377 $96,685,000 $256,459 $4,345 3.18%
ATLANTA-SANDY SPRINGS-ALPHARETTA, GA 389 $92,515,000 $237,828 $4,711 3.13%
FREDERICK-GAITHERSBURG-ROCKVILLE, MD 256 $84,420,000 $329,766 $4,788 2.94%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA 244 $84,170,000 $344,959 $6,015 3.12%
SACRAMENTO-ROSEVILLE-FOLSOM, CA 231 $83,205,000 $360,195 $4,505 3.05%
DENVER-AURORA-LAKEWOOD, CO 231 $79,775,000 $345,346 $4,743 3.08%
ANAHEIM-SANTA ANA-IRVINE, CA 176 $72,620,000 $412,614 $3,901 3.06%
BOSTON, MA 188 $67,640,000 $359,787 $5,348 3.10%
CHARLOTTE-CONCORD-GASTONIA, NC-SC 268 $64,750,000 $241,604 $3,321 3.12%
CAMBRIDGE-NEWTON-FRAMINGHAM, MA 166 $60,300,000 $363,253 $5,420 3.15%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX 239 $54,735,000 $229,017 $4,753 3.12%
NEWARK, NJ-PA 171 $54,355,000 $317,865 $6,987 3.04%
NEW BRUNSWICK-LAKEWOOD, NJ 173 $53,565,000 $309,624 $6,362 3.03%
MILWAUKEE-WAUKESHA, WI 189 $51,645,000 $273,254 $1,826 2.95%
SEATTLE-BELLEVUE-KENT, WA 143 $51,515,000 $360,245 $4,107 3.02%
LAS VEGAS-HENDERSON-PARADISE, NV 181 $51,245,000 $283,122 $3,796 3.11%
MINNEAPOLIS-ST. PAUL-BLOOMINGTON, MN-WI 175 $48,665,000 $278,086 $4,184 2.94%
FORT LAUDERDALE-POMPANO BEACH-SUNRISE, FL 166 $48,560,000 $292,530 $6,949 3.19%
NEW YORK-JERSEY CITY-WHITE PLAINS, NY-NJ 136 $48,480,000 $356,471 $7,101 3.13%
WARREN-TROY-FARMINGTON HILLS, MI 205 $46,845,000 $228,512 $4,001 3.17%
ST. LOUIS, MO-IL 212 $46,780,000 $220,660 $3,296 3.11%
TAMPA-ST. PETERSBURG-CLEARWATER, FL 194 $46,250,000 $238,402 $4,485 3.03%
WEST PALM BEACH-BOCA RATON-BOYNTON BEACH, FL 138 $43,990,000 $318,768 $6,489 3.25%
OAKLAND-BERKELEY-LIVERMORE, CA 104 $43,420,000 $417,500 $3,882 3.08%
MONTGOMERY COUNTY-BUCKS COUNTY-CHESTER COUNTY, PA 143 $43,215,000 $302,203 $7,154 2.96%
FORT WORTH-ARLINGTON-GRAPEVINE, TX 180 $41,680,000 $231,556 $3,986 3.01%
VIRGINIA BEACH-NORFOLK-NEWPORT NEWS, VA-NC 139 $37,125,000 $267,086 $4,101 2.91%
PITTSBURGH, PA 163 $36,135,000 $221,687 $5,102 3.02%
OXNARD-THOUSAND OAKS-VENTURA, CA 87 $34,355,000 $394,885 $4,518 3.06%
JACKSONVILLE, FL 133 $32,285,000 $242,744 $5,236 3.21%
OGDEN-CLEARFIELD, UT 102 $32,270,000 $316,373 $5,431 2.99%
PROVO-OREM, UT 95 $32,145,000 $338,368 $6,751 3.14%
NASHVILLE-DAVIDSON--MURFREESBORO--FRANKLIN, TN 125 $31,055,000 $248,440 $4,730 2.97%
OKLAHOMA CITY, OK 135 $29,865,000 $221,222 $4,230 3.03%
SALT LAKE CITY, UT 99 $29,785,000 $300,859 $5,908 3.13%
ORLANDO-KISSIMMEE-SANFORD, FL 114 $29,540,000 $259,123 $5,677 3.07%
SAN ANTONIO-NEW BRAUNFELS, TX 121 $28,955,000 $239,298 $4,149 2.87%
MIAMI-MIAMI BEACH-KENDALL, FL 83 $24,955,000 $300,663 $7,080 3.17%
COLORADO SPRINGS, CO 80 $24,290,000 $303,625 $4,166 2.86%
CINCINNATI, OH-KY-IN 120 $24,180,000 $201,500 $4,406 3.08%
RALEIGH-CARY, NC 95 $23,625,000 $248,684 $3,840 3.07%
HUNTSVILLE, AL 88 $23,370,000 $265,568 $3,165 2.76%
ALBUQUERQUE, NM 101 $22,045,000 $218,267 $3,451 2.95%
CAMDEN, NJ 94 $22,010,000 $234,149 $5,649 3.04%
HARTFORD-EAST HARTFORD-MIDDLETOWN, CT 95 $21,525,000 $226,579 $5,382 3.11%
LAKE COUNTY-KENOSHA COUNTY, IL-WI 80 $20,940,000 $261,750 $4,194 3.20%
RICHMOND, VA 73 $20,705,000 $283,630 $3,791 2.80%
PROVIDENCE-WARWICK, RI-MA 77 $20,205,000 $262,403 $4,805 3.03%
CAPE CORAL-FORT MYERS, FL 71 $19,765,000 $278,380 $6,946 3.26%
ROCKINGHAM COUNTY-STRAFFORD COUNTY, NH 68 $19,340,000 $284,412 $4,213 3.15%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA 45 $18,965,000 $421,444 $3,750 3.04%
AUSTIN-ROUND ROCK-GEORGETOWN, TX 63 $18,785,000 $298,175 $5,039 3.01%
COLUMBUS, OH 90 $18,330,000 $203,667 $4,343 3.23%
WORCESTER, MA-CT 59 $17,995,000 $305,000 $6,312 3.33%
KANSAS CITY, MO-KS 91 $17,815,000 $195,769 $3,679 3.01%
FAYETTEVILLE, NC 86 $17,530,000 $203,837 $3,254 2.77%
ASHEVILLE, NC 59 $17,495,000 $296,525 $4,063 3.03%
MANCHESTER-NASHUA, NH 64 $17,000,000 $265,625 $4,742 3.18%
TACOMA-LAKEWOOD, WA 55 $16,705,000 $303,727 $3,931 2.92%
VALLEJO, CA 45 $16,345,000 $363,222 $4,347 3.11%
CLEVELAND-ELYRIA, OH 95 $16,255,000 $171,105 $3,959 3.13%
CHARLESTON-NORTH CHARLESTON, SC 61 $15,075,000 $247,131 $4,166 2.95%
PHILADELPHIA, PA 66 $14,810,000 $224,394 $7,665 3.14%
BOISE CITY, ID 64 $14,150,000 $221,094 $4,882 2.98%
GRAND RAPIDS-KENTWOOD, MI 82 $13,990,000 $170,610 $3,274 3.11%
BRIDGEPORT-STAMFORD-NORWALK, CT 33 $13,875,000 $420,455 $6,278 3.36%
NORTH PORT-SARASOTA-BRADENTON, FL 52 $13,630,000 $262,115 $4,752 3.01%
ST. GEORGE, UT 47 $13,495,000 $287,128 $4,494 3.18%
STOCKTON, CA 39 $13,335,000 $341,923 $5,191 3.12%
FRESNO, CA 49 $13,175,000 $268,878 $4,105 3.09%
SAN FRANCISCO-SAN MATEO-REDWOOD CITY, CA 26 $13,160,000 $506,154 $4,936 3.16%
INDIANAPOLIS-CARMEL-ANDERSON, IN 73 $13,075,000 $179,110 $3,561 2.97%
MYRTLE BEACH-CONWAY-NORTH MYRTLE BEACH, SC-NC 60 $12,110,000 $201,833 $4,455 3.24%
TULSA, OK 63 $12,035,000 $191,032 $4,526 3.07%
MEMPHIS, TN-MS-AR 53 $11,955,000 $225,566 $5,283 3.19%
BIRMINGHAM-HOOVER, AL 61 $11,475,000 $188,115 $4,254 3.17%
OMAHA-COUNCIL BLUFFS, NE-IA 54 $11,210,000 $207,593 $3,042 3.05%
COLUMBIA, SC 52 $11,110,000 $213,654 $3,393 3.01%
TUCSON, AZ 52 $10,670,000 $205,192 $3,634 2.89%
SCRANTON--WILKES-BARRE, PA 66 $10,230,000 $155,000 $5,158 3.14%
LAKELAND-WINTER HAVEN, FL 50 $9,980,000 $199,600 $5,638 3.43%
SANTA ROSA-PETALUMA, CA 24 $9,870,000 $411,250 $3,847 2.98%
ELGIN, IL 37 $9,665,000 $261,216 $5,058 2.97%
BAKERSFIELD, CA 38 $9,560,000 $251,579 $4,460 3.05%
SALEM, OR 32 $9,500,000 $296,875 $6,692 3.13%
PALM BAY-MELBOURNE-TITUSVILLE, FL 38 $9,380,000 $246,842 $4,260 3.08%
PORTLAND-SOUTH PORTLAND, ME 36 $9,340,000 $259,444 $4,492 3.00%
KNOXVILLE, TN 49 $9,335,000 $190,510 $4,539 3.00%
WILMINGTON, DE-MD-NJ 38 $9,320,000 $245,263 $4,770 2.94%
GREELEY, CO 29 $9,215,000 $317,759 $5,534 2.93%
DETROIT-DEARBORN-LIVONIA, MI 51 $9,195,000 $180,294 $4,253 3.08%
FORT COLLINS, CO 28 $9,180,000 $327,857 $4,107 2.90%
GREENVILLE-ANDERSON, SC 43 $8,915,000 $207,326 $3,716 3.09%
LONGVIEW, TX 52 $8,890,000 $170,962 $3,829 3.10%
LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR 50 $8,850,000 $177,000 $3,367 2.86%
RENO, NV 33 $8,445,000 $255,909 $3,844 3.16%
NEW HAVEN-MILFORD, CT 34 $8,400,000 $247,059 $5,766 3.14%
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL 34 $8,380,000 $246,471 $5,555 3.26%
PORT ST. LUCIE, FL 34 $7,770,000 $228,529 $5,430 3.09%
AKRON, OH 42 $7,680,000 $182,857 $4,020 3.15%
PENSACOLA-FERRY PASS-BRENT, FL 32 $7,490,000 $234,063 $3,755 3.04%
CHATTANOOGA, TN-GA 36 $7,420,000 $206,111 $3,524 3.15%
LAFAYETTE, LA 34 $7,420,000 $218,235 $5,367 3.41%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL 25 $7,345,000 $293,800 $3,004 2.84%
SAVANNAH, GA 36 $7,270,000 $201,944 $3,851 2.85%
BREMERTON-SILVERDALE-PORT ORCHARD, WA 26 $7,080,000 $272,308 $3,248 2.72%
LANSING-EAST LANSING, MI 43 $7,055,000 $164,070 $3,387 3.06%
BARNSTABLE TOWN, MA 24 $6,940,000 $289,167 $5,041 3.28%
NEW ORLEANS-METAIRIE, LA 39 $6,915,000 $177,308 $4,042 3.21%
COEUR D'ALENE, ID 26 $6,910,000 $265,769 $4,466 3.02%
NAPLES-MARCO ISLAND, FL 23 $6,875,000 $298,913 $6,162 3.04%
COLUMBUS, GA-AL 31 $6,845,000 $220,806 $3,653 2.92%
SALINAS, CA 18 $6,820,000 $378,889 $3,586 3.13%
AUGUSTA-RICHMOND COUNTY, GA-SC 35 $6,725,000 $192,143 $4,073 3.13%
HAGERSTOWN-MARTINSBURG, MD-WV 29 $6,685,000 $230,517 $3,718 2.94%
DAYTON-KETTERING, OH 33 $6,605,000 $200,152 $3,810 2.82%
GARY, IN 35 $6,485,000 $185,286 $3,607 2.94%
SPOKANE-SPOKANE VALLEY, WA 25 $6,395,000 $255,800 $4,577 3.22%
MODESTO, CA 20 $6,360,000 $318,000 $4,519 3.19%
DURHAM-CHAPEL HILL, NC 28 $6,340,000 $226,429 $3,964 3.21%
GREENSBORO-HIGH POINT, NC 33 $6,285,000 $190,455 $3,793 3.11%
SPRINGFIELD, MO 34 $6,210,000 $182,647 $3,793 3.04%
LOUISVILLE/JEFFERSON COUNTY, KY-IN 33 $6,075,000 $184,091 $3,785 3.19%
HILTON HEAD ISLAND-BLUFFTON, SC 21 $5,955,000 $283,571 $4,864 2.82%
CLARKSVILLE, TN-KY 31 $5,525,000 $178,226 $3,168 3.05%
BOULDER, CO 15 $5,335,000 $355,667 $3,675 3.29%
TOLEDO, OH 31 $5,275,000 $170,161 $5,614 3.17%
ALLENTOWN-BETHLEHEM-EASTON, PA-NJ 22 $5,260,000 $239,091 $6,248 3.13%
SALISBURY, MD-DE 23 $5,235,000 $227,609 $3,887 3.58%
SAN LUIS OBISPO-PASO ROBLES, CA 14 $5,130,000 $366,429 $3,016 3.04%
CANTON-MASSILLON, OH 31 $5,075,000 $163,710 $4,359 3.16%
SANTA CRUZ-WATSONVILLE, CA 11 $4,935,000 $448,636 $4,878 2.94%
SHREVEPORT-BOSSIER CITY, LA 23 $4,825,000 $209,783 $5,096 3.10%
PRESCOTT VALLEY-PRESCOTT, AZ 23 $4,715,000 $205,000 $4,855 2.88%
BEND, OR 16 $4,700,000 $293,750 $4,752 3.41%
JACKSONVILLE, NC 24 $4,680,000 $195,000 $3,254 2.79%
EL PASO, TX 22 $4,650,000 $211,364 $3,907 2.84%
KILLEEN-TEMPLE, TX 24 $4,630,000 $192,917 $3,784 2.79%
AMARILLO, TX 27 $4,565,000 $169,074 $3,589 3.13%
SPRINGFIELD, MA 18 $4,520,000 $251,111 $5,383 3.04%
WICHITA, KS 27 $4,505,000 $166,852 $3,883 2.98%
BATON ROUGE, LA 19 $4,415,000 $232,368 $4,481 3.20%
OLYMPIA-LACEY-TUMWATER, WA 15 $4,405,000 $293,667 $3,471 3.01%
ROANOKE, VA 20 $4,290,000 $214,500 $3,187 2.92%
SANTA FE, NM 16 $4,230,000 $264,375 $4,377 3.49%
KENNEWICK-RICHLAND, WA 17 $4,185,000 $246,176 $3,526 2.98%
WINSTON-SALEM, NC 22 $4,060,000 $184,545 $3,048 2.93%
TRENTON-PRINCETON, NJ 15 $3,955,000 $263,667 $5,500 3.16%
EUGENE-SPRINGFIELD, OR 15 $3,945,000 $263,000 $6,568 2.89%
DOVER, DE 18 $3,770,000 $209,444 $4,079 3.38%
WARNER ROBINS, GA 17 $3,735,000 $219,706 $3,199 2.96%
SPARTANBURG, SC 20 $3,730,000 $186,500 $4,362 2.89%
GAINESVILLE, FL 18 $3,730,000 $207,222 $3,393 2.97%
MIDLAND, TX 16 $3,660,000 $228,750 $4,639 3.13%
MCALLEN-EDINBURG-MISSION, TX 18 $3,620,000 $201,111 $6,095 2.81%
YUBA CITY, CA 11 $3,605,000 $327,727 $6,158 2.98%
ELKHART-GOSHEN, IN 20 $3,570,000 $178,500 $4,909 3.13%
LUBBOCK, TX 19 $3,545,000 $186,579 $4,462 2.89%
WILMINGTON, NC 18 $3,510,000 $195,000 $3,918 3.07%
ATLANTIC CITY-HAMMONTON, NJ 17 $3,455,000 $203,235 $3,865 3.00%
SANTA MARIA-SANTA BARBARA, CA 10 $3,420,000 $342,000 $3,988 2.90%
FAYETTEVILLE-SPRINGDALE-ROGERS, AR 19 $3,365,000 $177,105 $3,844 2.91%
FLINT, MI 21 $3,365,000 $160,238 $3,881 3.22%
JACKSON, MS 15 $3,355,000 $223,667 $5,087 3.07%
OCEAN CITY, NJ 11 $3,335,000 $303,182 $6,300 2.92%
DAPHNE-FAIRHOPE-FOLEY, AL 13 $3,315,000 $255,000 $4,697 2.98%
REDDING, CA 12 $3,310,000 $275,833 $3,064 2.66%
MADISON, WI 14 $3,280,000 $234,286 $3,523 3.08%
TYLER, TX 12 $3,280,000 $273,333 $4,556 2.91%
RAPID CITY, SD 16 $3,210,000 $200,625 $3,756 2.91%
MONROE, MI 17 $3,155,000 $185,588 $4,762 3.15%
NORWICH-NEW LONDON, CT 13 $3,125,000 $240,385 $4,643 3.25%
YOUNGSTOWN-WARREN-BOARDMAN, OH-PA 21 $3,075,000 $146,429 $4,164 3.20%
FLORENCE, SC 15 $3,065,000 $204,333 $5,298 3.37%
CHEYENNE, WY 12 $3,040,000 $253,333 $4,639 2.96%
PUNTA GORDA, FL 15 $3,035,000 $202,333 $4,962 2.93%
GRAND JUNCTION, CO 15 $2,995,000 $199,667 $3,857 3.09%
NASSAU COUNTY-SUFFOLK COUNTY, NY 8 $2,990,000 $373,750 $15,510 3.89%
MERCED, CA 12 $2,870,000 $239,167 $4,252 2.96%
OCALA, FL 17 $2,835,000 $166,765 $4,480 3.22%
BEAUMONT-PORT ARTHUR, TX 13 $2,805,000 $215,769 $3,848 3.09%
GAINESVILLE, GA 11 $2,745,000 $249,545 $4,921 3.47%
CALIFORNIA-LEXINGTON PARK, MD 10 $2,740,000 $274,000 $3,461 2.82%
LAKE HAVASU CITY-KINGMAN, AZ 15 $2,695,000 $179,667 $5,382 3.05%
VISALIA, CA 13 $2,685,000 $206,538 $3,310 3.04%
EVANSVILLE, IN-KY 15 $2,595,000 $173,000 $4,625 3.43%
HICKORY-LENOIR-MORGANTON, NC 17 $2,565,000 $150,882 $3,490 3.44%
MONTGOMERY, AL 13 $2,555,000 $196,538 $3,021 2.99%
DES MOINES-WEST DES MOINES, IA 14 $2,550,000 $182,143 $2,985 3.03%
HOUMA-THIBODAUX, LA 15 $2,545,000 $169,667 $4,432 3.02%
LANCASTER, PA 12 $2,510,000 $209,167 $4,965 2.96%
GOLDSBORO, NC 14 $2,490,000 $177,857 $3,266 2.96%
TALLAHASSEE, FL 12 $2,490,000 $207,500 $4,999 2.99%
FORT WAYNE, IN 14 $2,480,000 $177,143 $3,179 3.31%
TUSCALOOSA, AL 11 $2,465,000 $224,091 $5,262 3.23%
HARRISBURG-CARLISLE, PA 14 $2,450,000 $175,000 $4,047 2.98%
READING, PA 10 $2,390,000 $239,000 $7,005 3.01%
ABILENE, TX 13 $2,385,000 $183,462 $3,539 3.09%
BLACKSBURG-CHRISTIANSBURG, VA 11 $2,375,000 $215,909 $3,261 2.99%
WACO, TX 11 $2,365,000 $215,000 $3,844 3.39%
CHARLOTTESVILLE, VA 8 $2,300,000 $287,500 $4,084 2.91%
CORPUS CHRISTI, TX 12 $2,280,000 $190,000 $4,200 3.08%
SEBASTIAN-VERO BEACH, FL 7 $2,265,000 $323,571 $4,448 2.91%
BANGOR, ME 16 $2,260,000 $141,250 $4,020 2.98%
COLLEGE STATION-BRYAN, TX 9 $2,255,000 $250,556 $2,574 3.04%
LONGVIEW, WA 9 $2,225,000 $247,222 $4,450 3.08%
LAKE CHARLES, LA 11 $2,215,000 $201,364 $6,260 3.31%
RACINE, WI 7 $2,185,000 $312,143 $2,156 2.89%
MUSKEGON, MI 13 $2,145,000 $165,000 $3,105 2.67%
YORK-HANOVER, PA 9 $2,135,000 $237,222 $4,774 2.93%
KALAMAZOO-PORTAGE, MI 11 $2,115,000 $192,273 $2,999 2.81%
CAPE GIRARDEAU, MO-IL 11 $2,105,000 $191,364 $3,003 3.06%
MEDFORD, OR 7 $2,095,000 $299,286 $4,532 3.18%
LOGAN, UT-ID 7 $2,075,000 $296,429 $6,033 2.91%
ANN ARBOR, MI 10 $2,070,000 $207,000 $3,983 2.95%
MOBILE, AL 11 $2,045,000 $185,909 $4,297 3.11%
GULFPORT-BILOXI, MS 11 $2,035,000 $185,000 $5,043 2.94%
EL CENTRO, CA 10 $2,030,000 $203,000 $5,653 3.18%
BILLINGS, MT 9 $1,995,000 $221,667 $4,184 3.03%
TOPEKA, KS 10 $1,980,000 $198,000 $2,338 3.23%
WENATCHEE, WA 7 $1,975,000 $282,143 $4,966 2.82%
GREAT FALLS, MT 9 $1,975,000 $219,444 $3,023 2.74%
SIERRA VISTA-DOUGLAS, AZ 13 $1,955,000 $150,385 $2,483 2.80%
PANAMA CITY, FL 7 $1,935,000 $276,429 $6,962 3.64%
NAPA, CA 5 $1,905,000 $381,000 $2,303 3.08%
IDAHO FALLS, ID 8 $1,890,000 $236,250 $5,068 3.00%
SHERMAN-DENISON, TX 8 $1,880,000 $235,000 $3,460 3.67%
BISMARCK, ND 6 $1,870,000 $311,667 $5,788 2.75%
MOUNT VERNON-ANACORTES, WA 7 $1,865,000 $266,429 $5,191 3.11%
GADSDEN, AL 8 $1,860,000 $232,500 $3,858 2.98%
ROME, GA 10 $1,850,000 $185,000 $4,430 3.10%
ODESSA, TX 10 $1,830,000 $183,000 $4,167 3.04%
THE VILLAGES, FL 8 $1,820,000 $227,500 $4,701 2.98%
KINGSPORT-BRISTOL, TN-VA 10 $1,790,000 $179,000 $2,014 2.71%
HOMOSASSA SPRINGS, FL 10 $1,770,000 $177,000 $3,428 3.16%
ALBANY, GA 11 $1,765,000 $160,455 $4,242 3.14%
CORVALLIS, OR 6 $1,740,000 $290,000 $8,029 3.04%
LAS CRUCES, NM 7 $1,715,000 $245,000 $5,344 3.77%
JOPLIN, MO 9 $1,715,000 $190,556 $4,432 3.63%
SOUTH BEND-MISHAWAKA, IN-MI 9 $1,675,000 $186,111 $4,072 3.28%
JACKSON, MI 11 $1,665,000 $151,364 $2,852 2.89%
JACKSON, TN 6 $1,660,000 $276,667 $3,606 2.90%
FLAGSTAFF, AZ 7 $1,625,000 $232,143 $4,384 2.91%
STAUNTON, VA 6 $1,560,000 $260,000 $3,938 2.81%
HINESVILLE, GA 9 $1,555,000 $172,778 $5,609 3.10%
CARSON CITY, NV 5 $1,535,000 $307,000 $8,645 2.70%
EAST STROUDSBURG, PA 10 $1,490,000 $149,000 $6,128 4.16%
AUBURN-OPELIKA, AL 6 $1,490,000 $248,333 $2,643 2.85%
SAN RAFAEL, CA 3 $1,485,000 $495,000 $5,601 2.92%
MACON-BIBB COUNTY, GA 6 $1,420,000 $236,667 $3,939 3.04%
WINCHESTER, VA-WV 5 $1,415,000 $283,000 $3,838 2.48%
LAFAYETTE-WEST LAFAYETTE, IN 10 $1,410,000 $141,000 $2,862 2.85%
SAN ANGELO, TX 8 $1,390,000 $173,750 $4,809 3.31%
FARMINGTON, NM 7 $1,375,000 $196,429 $3,733 3.37%
ATHENS-CLARKE COUNTY, GA 7 $1,335,000 $190,714 $3,432 2.79%
HUNTINGTON-ASHLAND, WV-KY-OH 9 $1,285,000 $142,778 $4,293 3.07%
MADERA, CA 5 $1,275,000 $255,000 $3,506 2.90%
LEXINGTON-FAYETTE, KY 7 $1,275,000 $182,143 $4,321 3.09%
ROCKY MOUNT, NC 5 $1,265,000 $253,000 $3,946 3.30%
SUMTER, SC 5 $1,255,000 $251,000 $3,109 2.60%
FARGO, ND-MN 6 $1,240,000 $206,667 $2,970 2.75%
MORGANTOWN, WV 6 $1,230,000 $205,000 $6,376 3.96%
SEBRING-AVON PARK, FL 9 $1,215,000 $135,000 $3,349 3.25%
YUMA, AZ 7 $1,205,000 $172,143 $3,097 2.79%
ALBANY-LEBANON, OR 6 $1,170,000 $195,000 $5,312 3.13%
ERIE, PA 7 $1,165,000 $166,429 $4,792 3.16%
NEW BERN, NC 7 $1,145,000 $163,571 $3,054 2.89%
PUEBLO, CO 5 $1,125,000 $225,000 $4,796 2.80%
LYNCHBURG, VA 6 $1,110,000 $185,000 $3,746 3.31%
TERRE HAUTE, IN 8 $1,110,000 $138,750 $2,840 2.97%
PITTSFIELD, MA 3 $1,095,000 $365,000 $4,936 2.96%
SIOUX FALLS, SD 6 $1,090,000 $181,667 $4,157 3.38%
VINELAND-BRIDGETON, NJ 7 $1,085,000 $155,000 $5,097 3.39%
LAWRENCE, KS 5 $1,075,000 $215,000 $3,403 3.15%
TEXARKANA, TX-AR 6 $1,070,000 $178,333 $5,851 3.04%
CEDAR RAPIDS, IA 5 $1,065,000 $213,000 $2,833 2.95%
FLORENCE-MUSCLE SHOALS, AL 6 $1,060,000 $176,667 $4,032 3.13%
CHARLESTON, WV 8 $1,060,000 $132,500 $4,308 3.66%
LAWTON, OK 6 $1,060,000 $176,667 $3,743 3.02%
CHICO, CA 4 $1,050,000 $262,500 $3,555 2.88%
PEORIA, IL 8 $1,020,000 $127,500 $4,304 2.98%
JEFFERSON CITY, MO 7 $1,015,000 $145,000 $3,651 3.34%
SPRINGFIELD, OH 6 $1,000,000 $166,667 $4,578 2.77%
WICHITA FALLS, TX 8 $990,000 $123,750 $2,829 3.27%
GRAND FORKS, ND-MN 5 $985,000 $197,000 $4,899 3.05%
ALEXANDRIA, LA 5 $985,000 $197,000 $4,608 3.50%
CHAMBERSBURG-WAYNESBORO, PA 5 $975,000 $195,000 $3,716 2.73%
HANFORD-CORCORAN, CA 5 $935,000 $187,000 $5,055 3.13%
MISSOULA, MT 4 $930,000 $232,500 $1,795 2.63%
ST. CLOUD, MN 5 $915,000 $183,000 $2,844 2.75%
WHEELING, WV-OH 6 $910,000 $151,667 $3,530 2.98%
DAVENPORT-MOLINE-ROCK ISLAND, IA-IL 7 $905,000 $129,286 $2,230 2.77%
BROWNSVILLE-HARLINGEN, TX 4 $900,000 $225,000 $4,454 2.59%
MIDLAND, MI 8 $900,000 $112,500 $3,747 3.41%
KANKAKEE, IL 4 $900,000 $225,000 $5,952 3.59%
GREENVILLE, NC 6 $880,000 $146,667 $2,273 2.77%
MANSFIELD, OH 5 $875,000 $175,000 $3,301 3.05%
COLUMBIA, MO 5 $865,000 $173,000 $1,297 2.95%
BATTLE CREEK, MI 5 $825,000 $165,000 $2,919 2.88%
MONROE, LA 5 $805,000 $161,000 $3,698 2.88%
MICHIGAN CITY-LA PORTE, IN 4 $800,000 $200,000 $4,366 3.06%
TWIN FALLS, ID 3 $795,000 $265,000 $6,722 2.83%
NILES, MI 4 $780,000 $195,000 $3,379 3.19%
SAGINAW, MI 5 $775,000 $155,000 $3,985 3.20%
BLOOMINGTON, IN 5 $775,000 $155,000 $2,736 2.63%
HOT SPRINGS, AR 3 $755,000 $251,667 $2,985 2.96%
JOHNSON CITY, TN 5 $745,000 $149,000 $2,780 3.05%
MANKATO, MN 3 $735,000 $245,000 $2,547 2.63%
CHAMPAIGN-URBANA, IL 3 $735,000 $245,000 $5,474 2.96%
ANNISTON-OXFORD, AL 4 $700,000 $175,000 $5,321 3.09%
DOTHAN, AL 4 $690,000 $172,500 $4,059 3.84%
MORRISTOWN, TN 4 $670,000 $167,500 $4,153 3.25%
CARBONDALE-MARION, IL 4 $660,000 $165,000 $4,151 3.00%
CASPER, WY 3 $655,000 $218,333 $4,786 2.42%
BURLINGTON-SOUTH BURLINGTON, VT 2 $650,000 $325,000 $1,278 3.19%
JONESBORO, AR 4 $640,000 $160,000 $3,319 3.09%
POCATELLO, ID 2 $640,000 $320,000 $8,296 3.06%
DECATUR, AL 4 $630,000 $157,500 $2,124 2.97%
DALTON, GA 3 $625,000 $208,333 $2,823 2.83%
LEWISTON-AUBURN, ME 3 $615,000 $205,000 $3,654 3.21%
ALTOONA, PA 3 $605,000 $201,667 $4,732 2.71%
MUNCIE, IN 4 $590,000 $147,500 $3,513 2.94%
JANESVILLE-BELOIT, WI 3 $585,000 $195,000 $2,251 2.71%
VALDOSTA, GA 4 $580,000 $145,000 $3,534 3.50%
LAREDO, TX 3 $555,000 $185,000 $4,846 3.42%
LEBANON, PA 2 $550,000 $275,000 $4,465 2.75%
HAMMOND, LA 3 $545,000 $181,667 $5,344 3.08%
ELIZABETHTOWN-FORT KNOX, KY 2 $520,000 $260,000 $3,357 2.50%
CLEVELAND, TN 2 $510,000 $255,000 $8,035 3.50%
BECKLEY, WV 3 $505,000 $168,333 $3,862 3.25%
GREEN BAY, WI 3 $505,000 $168,333 $3,337 2.67%
BAY CITY, MI 3 $495,000 $165,000 $2,976 2.75%
GLENS FALLS, NY 1 $475,000 $475,000 $8,402 6.75%
SHEBOYGAN, WI 3 $445,000 $148,333 $3,363 3.42%
SPRINGFIELD, IL 3 $445,000 $148,333 $3,368 3.21%
VICTORIA, TX 2 $440,000 $220,000 $5,490 2.25%
GRANTS PASS, OR 2 $430,000 $215,000 $1,673 2.88%
LINCOLN, NE 3 $425,000 $141,667 $3,224 2.79%
APPLETON, WI 2 $420,000 $210,000 $3,404 2.81%
OSHKOSH-NEENAH, WI 3 $415,000 $138,333 $4,099 3.21%
BLOOMSBURG-BERWICK, PA 2 $410,000 $205,000 $7,160 3.25%
BRUNSWICK, GA 2 $400,000 $200,000 $3,281 2.50%
ANCHORAGE, AK 1 $385,000 $385,000 $8,694 2.75%
HARRISONBURG, VA 2 $380,000 $190,000 $2,533 3.13%
WATERLOO-CEDAR FALLS, IA 3 $375,000 $125,000 $4,590 3.29%
WALLA WALLA, WA 2 $360,000 $180,000 $5,640 3.25%
SIOUX CITY, IA-NE-SD 2 $360,000 $180,000 $4,209 2.75%
COLUMBUS, IN 3 $355,000 $118,333 $2,535 3.00%
KOKOMO, IN 3 $345,000 $115,000 $2,325 2.38%
BELLINGHAM, WA 2 $340,000 $170,000 $2,059 2.63%
ROCHESTER, MN 2 $330,000 $165,000 $1,168 2.50%
BLOOMINGTON, IL 2 $330,000 $165,000 $2,676 3.06%
FORT SMITH, AR-OK 2 $320,000 $160,000 $1,368 2.44%
DECATUR, IL 1 $305,000 $305,000 $4,700 2.50%
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY 1 $295,000 $295,000 $19,848 3.25%
YAKIMA, WA 2 $270,000 $135,000 $6,445 3.13%
BOWLING GREEN, KY 1 $255,000 $255,000 $2,521 3.25%
ROCKFORD, IL 2 $250,000 $125,000 $1,750 2.88%
WEIRTON-STEUBENVILLE, WV-OH 2 $240,000 $120,000 $4,589 2.88%
DULUTH, MN-WI 1 $225,000 $225,000 $2,978 2.50%
BURLINGTON, NC 2 $220,000 $110,000 $2,922 3.19%
STATE COLLEGE, PA 1 $195,000 $195,000 $4,130 2.75%
JOHNSTOWN, PA 1 $185,000 $185,000 $2,106 2.50%
EAU CLAIRE, WI 1 $175,000 $175,000 $1,795 2.75%
UTICA-ROME, NY 1 $165,000 $165,000 $8,184 4.38%
GETTYSBURG, PA 1 $165,000 $165,000 $2,594 2.88%
PINE BLUFF, AR 1 $165,000 $165,000 $5,329 3.88%
DANVILLE, IL 1 $155,000 $155,000 $4,245 3.50%
FOND DU LAC, WI 1 $135,000 $135,000 $6,034 3.88%
LEWISTON, ID-WA 1 $135,000 $135,000 $3,473 2.25%
CUMBERLAND, MD-WV 1 $125,000 $125,000 $1,395 2.75%
HATTIESBURG, MS 1 $105,000 $105,000 $4,390 3.00%
OWENSBORO, KY 1 $105,000 $105,000 $967 2.75%
MANHATTAN, KS 1 $105,000 $105,000 $1,438 3.38%

First Guaranty Mortgage Corporation's top markets include Washington, San Diego, Los Angeles, Riverside, and Dallas among others.

Interest Rates

Loan Rate Originations Total Value Average Loan
2.5-3% 7,839 $2,120,385,000 $270,492
3-4% 6,725 $1,766,185,000 $262,630
<2.5% 2,608 $738,760,000 $283,267
4-5% 432 $91,720,000 $212,315
5-6% 123 $39,285,000 $319,390
6-7% 68 $28,570,000 $420,147
7-8% 64 $22,620,000 $353,438
Over 8% 20 $4,370,000 $218,500

During 2020, First Guaranty Mortgage Corporation's average interest rate was 3.10%, while their most frequently originated rate bucket was 2.5-3%, with 7,839 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 9,117 $2,598,565,000 $285,024 $4,788 3.01%
$100k-200k 5,336 $816,660,000 $153,047 $3,712 3.10%
$400k-600k 2,500 $1,157,220,000 $462,888 $5,580 3.03%
$100,000 or less 707 $59,275,000 $83,840 $3,193 3.42%
$600k-1MM 190 $136,530,000 $718,579 $11,765 3.38%
$1MM+ 29 $43,645,000 $1,505,000 $24,675 4.59%

2020 saw First Guaranty Mortgage Corporation place emphasis on $200k-400k loans with 9,117 originations, totaling $2,598,565,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$100k-150k 2,912 $895,910,000 $307,661 $4,727 3.13%
$50k-75k 2,295 $481,795,000 $209,932 $4,933 3.20%
$75k-100k 2,141 $564,165,000 $263,505 $5,025 3.18%
$150k-250k 1,955 $696,715,000 $356,376 $4,458 3.16%
$50k or less 1,105 $158,345,000 $143,299 $4,657 3.32%
$250k+ 560 $239,040,000 $426,857 $5,561 3.41%

First Guaranty Mortgage Corporation lent most frequently to those with incomes in the $100k-150k range, with 2,912 originations. The second most popular income band? $50k-75k, with 2,295 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 2,848 $799,680,000 $280,787 $4,026 3.13%
30-36% 2,075 $571,635,000 $275,487 $4,525 3.16%
<20% 1,147 $306,875,000 $267,546 $3,632 3.05%
39% 426 $117,770,000 $276,455 $5,053 3.26%
37% 414 $114,650,000 $276,932 $5,149 3.24%
38% 394 $111,470,000 $282,919 $5,005 3.30%
36% 393 $113,105,000 $287,799 $4,902 3.22%
43% 389 $104,485,000 $268,599 $5,179 3.27%
40% 386 $104,430,000 $270,544 $5,347 3.31%
41% 343 $94,345,000 $275,058 $5,420 3.28%
44% 342 $98,290,000 $287,398 $5,934 3.30%
42% 332 $91,490,000 $275,572 $5,301 3.28%
50-60% 320 $88,350,000 $276,094 $8,955 3.38%
47% 244 $67,780,000 $277,787 $5,942 3.27%
45% 243 $64,375,000 $264,918 $5,557 3.18%
49% 235 $65,075,000 $276,915 $6,514 3.34%
46% 222 $61,610,000 $277,523 $6,162 3.29%
48% 213 $59,735,000 $280,446 $6,051 3.29%
>60% 4 $1,400,000 $350,000 $14,624 3.47%

First Guaranty Mortgage Corporation lent most frequently to those with DTI ratios of 20-30%, with 2,848 originations. The next most common DTI ratio? 30-36%, with 2,075 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 11,710 $3,090,610,000 $263,929 $4,539 3.08%
Not provided 3,732 $1,032,870,000 $276,760 $4,694 2.98%
Black 1,497 $377,685,000 $252,295 $5,169 3.13%
Asian 777 $266,355,000 $342,799 $4,629 3.04%
American Indian 76 $18,690,000 $245,921 $4,633 3.04%
Native Hawaiian 38 $11,440,000 $301,053 $4,457 2.86%
Asian Indian 34 $10,540,000 $310,000 $3,744 2.97%
Chinese 4 $1,070,000 $267,500 $2,882 4.22%
Other Pacific Islander 5 $855,000 $171,000 $4,756 4.03%
Filipino 2 $830,000 $415,000 $2,125 3.00%
Japanese 2 $400,000 $200,000 $2,705 3.44%
Guamanian 1 $355,000 $355,000 $2,468 2.38%
Other Asian 1 $195,000 $195,000 $0 4.00%

Approval Rates

Total approvals of all applications
93.87%

First Guaranty Mortgage Corporation has an average approval rate.

Pick Rate

Approvals leading to origination
39.95%

First Guaranty Mortgage Corporation has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

Points and Fees

Points Originations Total Value Average Loan
NA 17,879 $4,811,895,000 $269,137

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
Single Family (1-4 Units):Manufactured 768 $122,990,000 $160,143
Single Family (1-4 Units):Site-Built 17,111 $4,688,905,000 $274,029

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 493 $110,875,000 $224,899 $3,133 3.00%
40-60% 2,145 $596,625,000 $278,147 $3,317 3.04%
60-80% 4,644 $1,342,370,000 $289,055 $4,047 3.22%
80-100% 3,541 $939,505,000 $265,322 $6,550 3.31%
Over 100% 136 $48,890,000 $359,485 $13,342 3.06%
Under 20% 44 $8,470,000 $192,500 $3,032 3.27%