Buy. Build. Refinance. 

Home Mortgage Loans for Coast Residentsloans

South Mississippi and south Alabama residents have trusted First Federal Savings & Loan of Pascagoula-Moss Point with their mortgage needs for 60 years.  We specialize in a variety of products for your family, including purchase, refinance, remodel and construction loans. Our staff is knowledgeable and ready to work with you every step of the way, from application to payoff.  In-house mortgage loans are backed by First Federal Savings & Loan and allow us to service your loans here in Jackson County. 

Servicing your home loan for life means that we care about your home buying experience and will offer the best mortgage loan options to meet your financial needs.  This provides a guaranteed difference and allows our mortgage specialists to focus on their clients, providing them with experience and trusted advice.  We strive to partner with life-long customers.  With multiple locations to serve your needs, we are here when ever you need us.  Partner with a bank that provides the best financial options with your personal assets in mind.  First Federal is excited to work with you. 

Join other coast residents in the benefits of home ownership.  You can get started today by downloading an application or by coming into one of our six locations to meet with a loan officer that specializes in mortgage loans. Download a Uniform Residential Loan application here. These forms require legal size paper for printing (4 pages) and Adobe Acrobat Reader (free download) installed on your computer.  We are proud to serve you and help you achieve your goals of homeownership and financial peace. 

First Federal will only consider first and second lien conventional real estate loans that will be legal loans as defined by applicable federal regulations on single-family residential, owner occupied real estate.

Buying a Home

Buying a new home leads to much excitement, but can also be stressful.  However, with our team on your side, you won't have to worry.  First Federal's experienced loan officers will be with you every step of the way, allowing you to get to the fun of finding the perfect home.

Building a Home - One Loan, One Closing, One Choice...Construction Perm Loan

Our Construction Permanent Loan is the perfect loan, whether you're building from the ground up or renovating a house.  One Loan and one closing is the best option to save you time and money.  From the application to completion, our lenders explain the process in an understandable way with local experience in construction financing  and a good reputation among area builders and customers alike. 

Construction Perm Loan


  • One-time closing helps you save on closing (a single set of closing costs)
  • Local Decision making, processing and servicing for the life of your loan
  • Up to 30 years financing available (Fixed Rate and Adjustable)
  • No prepayment penalties for early payoff
  • Renovations financed in conjunction with a new home purchase or refinance.


There are many reasons for refinancing a home loan.  At First Federal, we specialize in working with each of our clients personally to solidify the best solutions for you and your family.  Current home lending rates have many homeowners looking into refinancing options.  Our staff will work with you every step of the way to ensure that your questions are answered so you can make an informed decision. 

It is important as a homeowner to keep your finger on the pulse of the market.  As lending rates change, refinancing is often the best option.  Better interest rates can lead to reduced monthly payments or a reduction in terms.  First Federal will work with you every step of the way to ensure that you get the best financing available on your home.

Portfolio Loans (In-house loans) 

First Federal Savings & Loan provides portfolio mortgage loans that are serviced locally, for the life of the loan.  This means that your mortgage won't be bought, traded, or sold.  In fact, our staff will be with you throughout the entire life of your loan.  Both fixed and adjustable rate mortgages are available as portfolio loans. 

Fixed rate first mortgage loans range from 10 to 30 year terms. Loan to values up to 95% will be considered. (Loans over 80% LTV require PMI).  First Federal offers several Adjustable Rate Mortgages (ARMs). These loans can range to 30 years and have varying fixed terms before beginning annual adjustments. LTVs can go to 95% with Private Mortgage Insurance (PMI). These loans can be used for purchase, refinance and construction.

First Federal also offers a First Time Homebuyer Loan as well as a Low Income Loan. Both of these loans offer special terms.

Fixed and adjustable second mortgage or equity loans are also available. Fixed rate, fixed term equity loans are offered in 5 and 10-year terms. Home Equity Line of Credit loans (HELOC) are available on 15-year terms. The credit line is accessed by check or debit card and is an adjustable rate product based on the prime rate.

*Fixed Rate Loans are also offered on subdivision lots as well as raw land.

Call or email us for specific rates, terms or questions about any of our lending products. We look forward to helping to make your housing dreams come true.

Qualified Written Requests for mortgage loan information are to be mailed to the following address.  They may not  be delivered to any branch of First Federal.

First Federal Savings & Loan
Attn: Joelyon Holtzman
P.O. Box 640
Pascagoula, Ms 39568 

 Purchasing a Home - Tips for getting started today!



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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