“We don’t want to be the biggest bank, just the best!” First Federal’s motto is how we want your mortgage experience to be. I will use my 30 plus years of lending experience to help you obtain the best mortgage loan for purchasing, building or refinancing your home.

Involvement in the Loan Process

We will be with you every step of the way: At application, processing, closing and until you pay off the loan. Customer service is our top priority to make your home buying experience easy, uncomplicated and most of all, a positive experience.

Convenience

Meeting with you at a convenient time or location, plus providing flexibility around your work and family schedules is key during the financing process. Our online system is always available for meeting your needs, too.

Local

First Federal Savings Bank is locally owned and has specialized in home financing for over 50 years. We will service your loan with an experienced staff.

Community Involvement

A lifelong Elkhart County resident, I am currently a member of the Elkhart County 4-H Fair Board, Wakarusa Chamber Board, Wakarusa Fire Department and The Center – Family Christian Development Board in Nappanee.

First Time Homebuyers

It couldn’t be any easier for first time buyers with free pre-qualifications and low closing costs. We have special programs for first time buyers with competitive rates, fast processing time and low down payments. We are offering a Premier First Time Homebuyer Loan Program for qualified borrowers without PMI mortgage insurance, even with 5% down.

• First Time Homebuyers Program - Standard closing costs paid for by First Federal Savings Bank.
• Premier First Time Homebuyer program requires no PMI!

Construction made easy!

Come see us for your New Home Construction, First Federal makes it easy for you and your builder with a one-time closing and a simple construction draw process –our program has now increased to 12 months for completion of the home to assist with time constraints for the builder and supply chain issues. We offer both adjustable and fixed loan rates! You will not find a better construction program for you or your builder!

Borrower's checklist for purchases

Actually, no documents are required from you at the time of application. But to speed up the loan processing time, you can prepare for the application appointment by providing the following information:

• Signed purchase agreement
• Driver's license or state photo ID
• 2 recent pay stubs
• Phone number for Human Resources Dept. to verify employment.
• 2 months bank statements for checking and savings account
• 2 most recent years of W2s (if self employed, commissioned or part owner of a corporation or business will need complete federal tax returns, and corporate tax returns)
• Recent 401K or retirement accounts
• Pre-approvals are free, but for a purchase or refinance we will need a check for $400 for the application fee

Borrower's checklist for refinances

If you are refinancing, along with everything from the purchase list above, you will also need the following items:

• Previous titlework
• Homeowner's insurance statement
• Complete loan number/information of loan(s) to be paid off

"Borrowers must meet underwriting guidelines."