Mortgage Types

Home Equity Line of Credit

With one of the most competitive rates on a Home Equity Line of Credit, First Guaranty Bank is your first and last stop to tap into your greatest asset – your home. By using the value of your home you can finance your dream vacation or consolidate your debt with little to no closing costs. Take advantage of financing up to 90% of the value of your home. Check our Guaranteed Great rates posted on our website today.

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Interim Construction Loans

First Guaranty Bank is a leader in construction lending. With an expert knowledge of construction lending requirements, we have streamlined the loan process. Interim Construction Loans are similar to a line of credit. A construction loan is used to finance commercial construction projects. You draw funds as needed to pay contractors and suppliers. When the building is completed, the loan is paid off with proceeds from permanent financing. Most construction loans are granted after permanent financing has been arranged.

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Conventional Fixed Rate Loans

A home may be the smartest investment you will ever make. First Guaranty Bank wants that investment in a new home to work for you. With a Conventional Fixed Rate Loan from First Guaranty Bank you are Guaranteed to keep your low interest rate for the life of your loan.

  • The interest rate is fixed for the life of the loan
  • Most often used by homebuyers who expect long term ownership of the home
  • Monthly principal and interest payments remain the same for the life of the loan
  • No prepayment penalties for partial or full payment before the maturity date

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Adjustable Rate Loans

Planning on staying in your home or mortgage for less than 5 years? Then you may want to take a look at a First Guaranty Bank’s Adjustable Rate Mortgage or ARM. Wondering if this is the right loan for you? Contact our Mortgage Lending Department and one of our representatives will be happy to answer any questions you may have.

  • Designed for buyers who plan to keep the home for a shorter period of time
  • The initial rate is typically lower than a conventional fixed rate loan
  • The interest rate is fixed for the initial period of 3, 5, 7, or 10 years
  • The rate adjusts annually after the initial fixed period
  • Lower monthly payments during the initial period
  • Interest - only payment options will create even lower initial payments

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FHA and VA Loans

If you are a prospective homebuyer with a low-to-moderate income, the Federal Government has a number of programs in place to help you realize the American dream of home ownership. First Guaranty Bank offers access to both FHA and VA loans. We Guarantee to put you first by helping your dream to become a reality.

  • Designed by the Federal Government to increase home ownership
  • Low or no down payment
  • Easier qualifications requirements
  • Competitive interest rates

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Affordable Home Programs

The American dream of home ownership may be closer than you think. With access to many specialized programs, First Guaranty Bank can help you achieve the American dream. Contact our Mortgage Lending Department today. Let us help you find out if buying a new home is the right move for you.

  • Specifically designed to make it easier for first-time homebuyers and individuals or families with low-to-moderate incomes to qualify for a mortgage loan
  • Up to 100% Financing
  • Income Limits apply

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One-Time Closing Construction Loans

Looking to build the home of your dreams? You may already know how much work goes into this process. With a One-Time Closing Construction Loan from First Guaranty Bank, building the home of your dreams just got a bit easier. We have streamlined the process to give you more free time to do the things that are important to you such as choosing paint colors and discussing flooring options. That new home is waiting and First Guaranty Bank can help.

  • Streamlines the process by combining the construction loan and the permanent loan into one loan
  • One loan closing saves time and money
  • Gives you comfort in knowing your permanent financing is secure before you start construction
  • Fixed Rate program
  • Interest-only payments during construction term

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Private Client Loans

With 75 years in the banking industry, First Guaranty Bank understands the needs and wants of higher net worth clients. This is why we strive to give those individuals access to loans that fit their personal requirements. The Mortgage Lending Department at First Guaranty Bank can work with you today to accommodate all your loan needs.

  • Flexible home loans for high net worth clients
  • No Private Mortgage Insurance
  • No insurance or tax escrows
  • Flexible payment options
  • Low closing costs
  • We won't sell your mortgage

Call our mortgage lending department at (985) 375-0330.

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Jumbo Loans

First Guaranty Bank is financially strong in the mortgage lending business. We have the ability to offer mortgages on high-priced homes that require larger than normal loans. If you are trying to borrow a large amount to purchase your home, then call our Mortgage Lending Department today for a Guaranteed Great Jumbo Loan mortgage rate.

  • Fixed or Adjustable rate program options
  • Some programs accommodate loan amounts up to $1,500,000.00

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