Jon Schaeffer

Jon Schaeffer

NMLS #: 399945

jons@firstfederalbanking.com

Direct: 574-223-1740

Cell: 574-292-6690

Office: 800-422-3372

About Jon

My 22 years of lending experience with First Federal Savings Bank have been exciting and dynamic! I specialize in residential mortgage loans of all types including purchase, new home construction, refinances, 2nd mortgages and home equity lines.

Convenience and Availability

I can take your application and close your loan at a time and location that is convenient for you. With online applications, we can accomplish a great deal with documents and e-signatures.

We won't sell your loan servicing

First Federal does not sell loan servicing. Your payments are handled locally.

Community Involvement

I am a member of the Kiwanis Club, an active member in my church and I raise grain on my personal farm.

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 now offering a Premiere First Time Homebuyer Loan Program for qualified borrowers of no PMI mortgage insurance, even with 5% down.

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 $350 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

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. We offer both adjustable and fixed loan rates!

"Borrowers must meet underwriting guidelines."


Apply now for a better mortgage experience with First Federal Savings Bank!