Loan Programs


First Guaranty Mortgage Corporation (FGMC) offers a wide range of purchase and refinance loan programs.  One of our mortgage professionals will be happy to discuss the products that best suit your needs.

Types of Loans

Fixed Rate Mortgage
  • 15 year, 20 year and 30 year terms 
  • Low Down Payment Options 
  • Consistent principal & interest payment 
  • Competitive Interest Rates Available 
  • Security of a fixed rate 

Adjustable Rate Mortgage (ARM)
  • Available in 5/1 ARM, 7/1 ARM and 10/1 ARM 
  • Initial interest rate may be lower than a fixed rate mortgage 
  • Interest rate may adjust once a year 
  • Buy a home with as little as 10% Down 
  • FHA and VA ARMs are available 

FHA Mortgage
  • Buy a home with as little as 3.5% down 
  • Refinance up to 96.5% of your home’s value 
  • Credit scores as low as 530 may qualify 
  • Flexible debt-to-income ratios 
  • Adjustable Rate Mortgage (ARM) options available 

USDA Mortgage
  • 100% Financing Available 
  • No Maximum Purchase Price 
  • Many Property Types Allowed (Condos, Manufactured Homes) 
  • Closing Costs and Lender Fees may be rolled into the loan 
  • Renovation and Repair costs can be financed 

VA Mortgage
  • 100% Financing Available 
  • No Maximum Purchase Price 
  • Many Property Types Allowed (Condos, Manufactured Homes) 
  • Closing Costs and Lender Fees may be rolled into the loan 
  • Renovation and Repair costs can be financed 

Jumbo Mortgage
  • Loan Amounts Up to $3,000,000 
  • Take up to $500,000 Cash Out 
  • Credit scores as low as 680 may qualify 
  • VA Jumbo mortgages allow for no or minimum down payment 
  • Higher down payment means cost savings over the loan