First Federal Savings And Loan Association Mortgage Rates, Fees & Info

Pascagoula, MS

LEI: 54930017IQ4KPG7QW263

Tax ID: 64-0341960

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Review & Overview

First Federal Savings And Loan Association is a smaller mortgage company specializing in Home Purchase loans. First Federal Savings And Loan Association has a high proportion of conventional loans. Their top markets by origination volume include: Gulfport, Mobile, Crestview, Starkville, and Hattiesburg among others. We have data for 6 markets. (Some data included below & more in-depth data is available with an active subscription.)

First Federal Savings And Loan Association has an 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

236

Origination Dollar Volume (All Markets)

$46,350,000

Top 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
GULFPORT-BILOXI, MS (FHA\|USDA\|VA)	198	$38,100,000	$192,424	$0	0.00%
Outside of Metro Areas	22	$4,530,000	$205,909	$0	0.00%
MOBILE, AL (FHA\|USDA\|VA)	13	$2,755,000	$211,923	$0	0.00%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA\|USDA\|VA)	1	$585,000	$585,000	$0	0.00%
Starkville, MS (FHA\|USDA\|VA)	1	$225,000	$225,000	$0	0.00%
HATTIESBURG, MS (FHA\|USDA\|VA)	1	$155,000	$155,000	$0	0.00%

First Federal Savings And Loan Association's top markets include Gulfport, Mobile, Crestview, Starkville, and Hattiesburg among others.

Their top states include:

Mississippi (FHA|USDA|VA)

Alabama (FHA|USDA|VA)

Florida (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	236	$46,350,000	$196,398	$0	0.00%

For 2023, First Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 236 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	166	$38,220,000	$230,241	$0	0.00%
Other	24	$2,310,000	$96,250	$0	0.00%
Cash Out Refi	22	$2,670,000	$121,364	$0	0.00%
Home Improvement	20	$2,480,000	$124,000	$0	0.00%
Refi	4	$670,000	$167,500	$0	0.00%

For 2023, First Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 166 originations. The 2nd most popular reason was Other, with 24 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	236	$46,350,000	$196,398	$0	0.00%

For 2023, First Federal Savings And Loan Association's most frequently cited loan duration was Other, with 236 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	84	$23,740,000	$282,619	$0	0.00%
$100k-200k	68	$9,970,000	$146,618	$0	0.00%
$100,000 or less	65	$3,415,000	$52,538	$0	0.00%
$400k-600k	18	$8,590,000	$477,222	$0	0.00%
$600k-1MM	1	$635,000	$635,000	$0	0.00%

2023 saw First Federal Savings And Loan Association place emphasis on $200k-400k loans with 84 originations, totaling $23,740,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	70	$14,520,000	$207,429	$0	0.00%
$50k-75k	44	$5,720,000	$130,000	$0	0.00%
$150k-250k	42	$10,660,000	$253,810	$0	0.00%
$75k-100k	35	$6,765,000	$193,286	$0	0.00%
$50k or less	23	$2,395,000	$104,130	$0	0.00%
$250k+	19	$6,095,000	$320,789	$0	0.00%

First Federal Savings And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 70 originations. The second most popular income band? $50k-75k, with 44 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	236	$46,350,000	$196,398	$0	0.00%

First Federal Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 236 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	215	$42,795,000	$199,047	$0	0.00%
Black	13	$2,185,000	$168,077	$0	0.00%
Not provided	6	$910,000	$151,667	$0	0.00%
Chinese	1	$445,000	$445,000	$0	0.00%
Vietnamese	1	$15,000	$15,000	$0	0.00%

Approval Rates

Total approvals of all applications
88.89%

First Federal Savings And Loan Association has an average approval rate.

Pick Rate

Approvals leading to origination
85.17%

First Federal Savings And Loan Association has an average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	236	$46,350,000	$196,398

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	236	$46,350,000	$196,398