Mortgage Loans


If you need a fixed rate due to a fixed budget, then a Fixed Rate Loan is what you are looking for. The principal and interest payments on a Fixed Rate Loan remain the same during the entire term of the loan. Fixed Rate Loans have multiple term options available. Fixed Rate Loans can be made with a loan-to-value of up to 100%! Private mortgage insurance is required for loans exceeding 80% loan-to-value. *Annual Fannie Mae lending limit applies.


Don’t have a large down payment? We offer 100% financing and still allow you to use seller’s concessions! You do not need to be a first-time homebuyer to take advantage of this program or  considered a Millennial.  This is not a USDA or VA loan. -Minimum FICO score and credit stipulations apply -PMI required -Single Family Dwellings and Condos only


Are you a first-time homebuyer?  This loan program may be for you!  This program requires as little as a 3% down payment with no minimum loan amount. *PMI and first-time homebuyer course are required.  APR may vary.  Up to 30 years fixed-rate term.


If you have a low down payment but still want to save money without paying PMI, then the 80-10-10 loan program is for you.  This loan offers a simultaneous first and second mortgage covering 90% of the purchase price. -Single Family Dwellings and Condos only


Are you a licensed medical professional looking for 100% financing? Get into your dream home with zero money down and no PMI!


Need a loan with a low down payment for a less-than-perfect credit borrower with an affordable payment?  Federal Housing Administration Loans or FHA Loans are Government-insured loans with low down payments.  FHA Loans assist with the purchase of your home with a low down payment whether you are a first-time homebuyer or a seasoned borrower.


First Federal Savings Bank appreciates your service! VA loans help Service members, Veterans and eligible surviving spouses with a Certificate of Eligibility become homeowners. Enjoy 100% financing with no private mortgage insurance, you deserve it!


Are you looking for a home in a small town, suburban, or rural area? USDA Loans, or Rural Housing Loans, are loans available to low, to moderate-income households to aid you to become the homeowner you always wanted to be! You may obtain up to 100% financing to purchase a single-family dwelling home that is located in a designated rural area, as defined by the Rural Housing Service Office.


Need money to put down on a new home? Swing Loans are designed to assist you in financing the purchase or construction of a new home while still in the process of selling your existing home. A First Federal Swing Loan will pay off your existing mortgage loan(s) and provide equity from your existing home to purchase or construct your new home all in one!


Have you found the perfect location for your dream home but not ready to build yet? Lot Loans provide financing for the purchase or refinance of a residential building lot for the purpose of building the home of your dreams for an affordable payment. -Acreage limitation applies


Looking for a large home for you and your family? We have the loan for you with our Jumbo Loans, which are loans that exceed the annual Fannie Mae lending limit. A Jumbo Loan can be used for the purchase, refinance or construction of a single family, owner occupied home.


Want to build the house you have always dreamed of? YOU CAN DO THAT with our one-time closing, construction-to-permanent mortgage loan. This loan provides funds for the acquisition or refinancing of an unimproved residential lot and the construction of a residential, one-family, owner-occupied dwelling. During the construction period, you pay only interest and escrow (if applicable) payments. After your home is completed and all construction funds are disbursed, the loan converts to a permanent loan with regularly scheduled payments of principal, interest, and escrow (if applicable).


Contact one of our Retail Loan Advisors today! 


Loan Servicing is available between 8:00 am and 5:00 pm CST Monday through Friday (excluding bank holidays) to assist with the following requests:

  • Payments by phone
  • Insurance questions
  • Property tax assistance
  • Escrow inquiries
  • Loan history requests
  • Construction loan support

Please call (812) 492-8125 or contact us utilizing our email address at

If you are experiencing difficulties in keeping your loan payments current, please contact our Collection Specialists at (812) 492-8127 or