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, Daphne, Hattiesburg, and Picayune 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 above 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

280

Origination Dollar Volume (All Markets)

$65,290,000

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)	228	$49,730,000	$218,114	$0	0.00%
Outside of Metro Areas	29	$7,505,000	$258,793	$0	0.00%
MOBILE, AL (FHA\|USDA\|VA)	10	$3,900,000	$390,000	$0	0.00%
DAPHNE-FAIRHOPE-FOLEY, AL (FHA\|USDA\|VA)	8	$2,480,000	$310,000	$0	0.00%
HATTIESBURG, MS (FHA\|USDA\|VA)	3	$865,000	$288,333	$0	0.00%
Picayune, MS (FHA\|USDA\|VA)	2	$810,000	$405,000	$0	0.00%

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

Their top states include:

Mississippi (FHA|USDA|VA)

Alabama (FHA|USDA|VA)

Product Mix

Loan Type	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Conventional	280	$65,290,000	$233,179	$0	0.00%

For 2022, First Federal Savings And Loan Association's most frequently originated type of loan was Conventional, with 280 originations.

Loan Reason

Loan Reason	Originations	Total Value	Avg. Loan	Avg. Fees	Avg. Rate
Home Purchase	191	$52,055,000	$272,539	$0	0.00%
Cash Out Refi	62	$8,920,000	$143,871	$0	0.00%
Home Improvement	19	$3,005,000	$158,158	$0	0.00%
Refi	8	$1,310,000	$163,750	$0	0.00%

For 2022, First Federal Savings And Loan Association's most frequently cited loan purpose was Home Purchase, with 191 originations. The 2nd most popular reason was Cash Out Refi, with 62 originations.

Loan Duration/Length

Loan Length	Originations	Total Value	Average Loan	Average Fees	Average Rate
Other	280	$65,290,000	$233,179	$0	0.00%

For 2022, First Federal Savings And Loan Association's most frequently cited loan duration was Other, with 280 originations.

Loan Sizing

Loan Size	Originations	Total Value	Average Loan	Average Fees	Average Rate
$200k-400k	126	$37,270,000	$295,794	$0	0.00%
$100k-200k	79	$11,665,000	$147,658	$0	0.00%
$100,000 or less	48	$2,710,000	$56,458	$0	0.00%
$400k-600k	22	$10,320,000	$469,091	$0	0.00%
$600k-1MM	5	$3,325,000	$665,000	$0	0.00%

2022 saw First Federal Savings And Loan Association place emphasis on $200k-400k loans with 126 originations, totaling $37,270,000 in origination value.

Applicant Income

Applicant Income	Originations	Total Value	Average Loan	Average Fees	Average Rate
$100k-150k	92	$23,270,000	$252,935	$0	0.00%
$75k-100k	52	$11,110,000	$213,654	$0	0.00%
$150k-250k	42	$14,540,000	$346,190	$0	0.00%
$50k-75k	36	$5,190,000	$144,167	$0	0.00%
$50k or less	30	$3,100,000	$103,333	$0	0.00%
$250k+	20	$6,510,000	$325,500	$0	0.00%

First Federal Savings And Loan Association lent most frequently to those with incomes in the $100k-150k range, with 92 originations. The second most popular income band? $75k-100k, with 52 originations.

Applicant Debt to Income Ratio

DTI Ratio	Originations	Total Value	Average Loan	Average Fees	Average Rate
Exempt%	280	$65,290,000	$233,179	$0	0.00%

First Federal Savings And Loan Association lent most frequently to those with DTI ratios of Exempt%, with 280 originations.

Ethnicity Mix

Applicant Ethnicity	Originations	Total Value	Average Loan	Average Fees	Average Rate
White	242	$56,290,000	$232,603	$0	0.00%
Black	16	$3,200,000	$200,000	$0	0.00%
Not provided	7	$2,165,000	$309,286	$0	0.00%
American Indian	6	$1,090,000	$181,667	$0	0.00%
Asian	4	$1,090,000	$272,500	$0	0.00%
Other Asian	1	$645,000	$645,000	$0	0.00%
Chinese	1	$415,000	$415,000	$0	0.00%
Vietnamese	2	$330,000	$165,000	$0	0.00%
Native Hawaiian or Islander	1	$65,000	$65,000	$0	0.00%

Approval Rates

Total approvals of all applications
92.23%

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

Pick Rate

Approvals leading to origination
82.86%

First Federal Savings And Loan Association has a below average pick rate.

Points and Fees

Points	Originations	Total Value	Average Loan
Exempt	280	$65,290,000	$233,179

Occupancy Type Mix

Dwelling Type	Originations	Total Value	Average Loan
	280	$65,290,000	$233,179

Complaints

Bank Name	Product	Issue	2022 CPFB Complaints	% of Total Issues
FIRST GUARANTY MORTGAGE CORP	Conventional home mortgage	Struggling to pay mortgage	1	100.0%