Cut Out That High Interest!heloc

Consolidate Your Debt with a Home Equity Line of Credit or Fixed Rate Equity Loan.

Your home is your most valuable asset and investment.  One of the benefits of ownership is the ability to borrow against the equity in your home. You can use your equity for big purchases, vacations, or consolidating credit.  First Federal offers two options with equity loans and a loan specialist at First Federal will sit down with you and discuss your options.   

Home Equity Line of Credit (HELOC)

From Debt Consolidation to Home Improvements, a Home Equity Line of Credit (HELOC) is a Cut Above!

A HELOC is a loan product from First Federal that lets you secure financing with the equity you have in your home.

Use the debit card and/or checks provided to make purchases or pay existing bills.

This line of Credit is available for 5 years, with repayment terms up to 10 years, making monthly payments affordable.

First Federal Home Equity Line of Credit is now available to all existing First Federal mortgage holders who qualify.

Fixed Rate Equity Loans

With a Fixed Rate Equity Loan at First Federal, you have a fixed rate, term and monthly payment for the life of your Equity Loan.  You get all the money you need up front to consolidate bills, make improvements on your home or pay for college.  With a Fixed Rate Equity Loan, you are protected from rising interest rates and may even be able to deduct the interest from your income taxes.  For more information, contact a loan specialist at 228-762-4034.    

Click here for a downloadable loan application. Forms require Adobe Acrobat Reader (free download) installed on your computer. Print, fill it out and mail it to: c/o Loans, First Federal, P.O. Box 640, Pascagoula, MS 39568-0640... or drop it by one of six First Federal locations near you today.

Contact a First Federal representative today for more information. You may also email us at:


10 Yr Fixed Servicing Retained 4.50% 4.907% 
APRs quoted above are for owner-occupied primary residence only and reflect a loan with 1% discount point. Actual rates and APRs may vary based on credit history.  Rates are subject to change without notice.  First Federal is an Equal Housing Lender. 


Mortgage Loan

30 Yr Fixed  Servicing Retained 5.50% 5.633%
20 Yr Fixed Servicing Retained 4.75%   4.916%

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