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

Jump to:

Mortgage 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.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


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