Loan Services

First Federal Savings Bank offers a variety of loans to meet your individual needs.

Loan Applications

We would love to help you achieve your dream of purchasing a new home or a new car or help you pay for unexpected expenses. Just click on the link below to apply for a loan and one of loan officers will be in touch with you very soon. 


Consumer Loan ApplicationHome Loan Application

Personal Financial Statement

Here at First Federal Savings Bank, we make financing simple and easy for business owners.  Our local businesses bring economic and social benefits to our communities, and want to make sure they all the tools for them to succeed.

Whether you need a loan for capital expenditures, equipment financing, or just cash for day to day expenses, our loan officers are here to help you. Just click on the link below, fill it out and one of your loan officers will be in contact with you.

Personal Financial Statement

Mortgage Loans

Community banking is really a group effort - people helping people. Customers who deposit money with us allow us to fund loans for their neighbors, along with local businesses and new developments. Together, we are helping each other and our community grow.

We love working with people to build their dreams, whether that means buying land, funding a home purchase, building a new home or making extensive renovations to an existing home.


First Federal Savings Bank will not sell your loan. All mortgages are processed, underwritten, and serviced in a local branch. When you have questions about your mortgage, any of our friendly team members will be happy to assist.

Enjoy the benefits of an optional high yielding "self escrow" account. We help you make money while saving for your tax and insurance payments!

Private Mortgage Insurance is never required. Call one of our loan officers to learn more.


Apply Now      Visit a Branch

Our Mortgage Loan Products Include:

  • Fixed-Rate Loans 
  • Balloon Mortgages
  • Construction Loans
  • Purchase & Refinance Loans
  • Second Mortgages
  • Residential Lot Loans



Purchase of a Home Checklist:

  • Tax Returns from the past two years - (if self-employed, also provide business returns
  • W-2's from the past two years
  • 1 month of recent pay stubs for each employed person
  • 3 months of current bank statements if account is not with First Federal
  • Final Sales Contract
  • Real Estate Agent's name, address, and phone number
  • If sale is between individuals (no realtor), copy od previous title policy
  • Estimate on annual taxes
  • Estimate on homeowners insurance


Refinance of a Home Checklist:

  • Tax returns from the past three years - (if self-employed, also provide business returns)
  • W-2's from the past 2 two years
  • 1 month of recent pay stubs for each employed person
  • 3 months of current bank statements if account is not with First Federal
  • Copy of most recent real estate tax bill
  • Current homeowners insurance policy
  • Copy of existing title insurance policy
  • Statement from current mortgage holder - showing their name, address, phone number, your account



Commercial Loans

At First Federal Savings Bank, we make financing simple and easy to understand for business owners. Local businesses bring economic and social benefits to our community, and we work hard to help them succeed.

We offer a comprehensive product line and personalized services that will help your business thrive. Our loans are designed to meet each company's specific needs, giving business owners a competitive edge.

Whether you need loans for capital expenditures, equipment financing, or cash for day-to-day operations, First Federal Savings Bank is here to to help. Our seasoned lenders will assist with the following:



We offer competitive financing options for your purchase or refinance in the following real estate categories::

  • Loans for Income producing 1-4 and multi family properties
  • Agriculture
  • Construction
  • Other Commercial Real Estate




We offer a wide variety of business loans including:

  • Working Capital Line of Credit
  • Equipment Loans
  • Development and Acquisition Loans
  • Letters of Credit


Our team is comprised of professional, knowledgeable loan officers who will learn your business & goals, and Develop solutions to meet your needs. 

You'll receive an expert analysis & professional service.

Our decision - making process is quick and efficient.

Please contact a loan officer today for more information.


Personal Financial Statement     Visit a Branch

Share Loans


First Federal Savings Bank offers loans using your savings account or certificate of deposit as collateral. These loans have an interest rate of 2.50% above the collateral rate.



Consumer Loans


A consumer loan is a great way to move forward with your finances, and First Federal Savings Bank (FFSB) is here to help. Whether you need funding for a new car, car or home repairs, vacation, debt payment, or any other expenses, we've got you covered. Consumer loans are a better alternative to accumulating credit card debt. We can structure a payment plan to help you reduce your debts without excessive finance fees.

Apply Now      Visit a Branch


Features at a glance:

  • Competitive Interest Rates
  • Fast approval process
  • Flexible terms up to 72 months
  • 100% financing for qualified borrowers
  • Rate discount of 0.15% just for having your payment automatically deducted from your FFSB checking or savings account
  • No Loan Financing Fee




Loan Rates as of 06/24/2020


Mortgage Rates

Owner Occupied 1-4 Family


      BALLOON LOANS (max 30-year amort)   80% 80%-85% 85.01%-90%
10-year   2.875% 3.375% 3.750%
15-year   3.125% 3.625% 4.125%


10- year Fixed-Rate   2.750% 3.000%


15- year Fixed-Rate   2.950% 3.500%


20- year Fixed-Rate   3.375%



30- year Fixed-Rate   3.500% 3.875%


Non-Owner Occupied 1-4 Family

(max 25 year amort)

     3- year balloon 3.750%      
     5- year balloon 4.000%      
     10- year balloon 4.500% (+1/2pt)      
     15- year balloon 5.000% (+1pt)      

Construction Loans 

1-4 Family Owner Occupied 3.250%


*All Rates May Vary Based on Credit Score and/or Other Information

 *All Rates Are Subject to Change Without Notice



Auto Loans


2017-2020 Model Years "NEW" 12-48 MOS 63 MOS 72 MOS
Credit Score:  700 + 3.00% 3.25% 3.875%
660 - 699 4.00% 4.25% 5.50%
620 - 659 8.375% 8.625% 11.75%
580 - 619 13.50% 15.00% 17.25%
2013-2016 Model Years "USED" 12-36 Mos 48 Mos 63 Mos
Credit Score:  700 + 4.00% 4.50% 5.00%
660-699 5.75% 6.25% 7.00%
620-659 9.625% 10.375% 12.375%
580-619 14.625% 16.625% 17.75%

2012& Older


12-36 MOS 48 MOS
Credit Score: 700 + 5.25% 6.00%
660-699 7.375% 8.875%
620-659 9.875% 12.875%
580-619 14.875% 18.25%


*ATV, Motorcycle, RVs, Boats, etc - Add 2% to vehicle rates

*All Rates May Vary Based Credit Score and/or Other Information

*Rates Are Subject to Change Without Notice


Commercial Loans, AG Loans, & All Other Loans

- Contact a Loan Officer at your Local Branch for current rates 



Meet Our Loan Officers


Todd Gober 3

Todd Gober

NMLS# 613390

Kellie Dowd-Serrano

Kellie Dowd-Serrano

Vice President/Loan Officer
NMLS# 871632

Mike Siegel 2

Michael Siegel

Senior Vice President/ Senior Loan Officer
NMLS# 613393

Jarrod Capps 2

Jarrod Capps                              

Loan Officer/Branch Manager/IT
NMLS# 1521188

Doris Sauerhage

Doris Sauerhage  

Loan Officer/Branch Manager
NMLS# 1637248
New Baden


Brendan Dauber

Brendan Dauber 

Financial Analyst/Loan Review Officer
NMLS# 1920340






Mobile Banking on the Beach

Mobile Banking

Access your accounts wherever you are!

Learn More

Personalization Settings



First Federal Savings Bank of Mascoutah would like to personalize your banking experience. Please enter your first name below..

This level of personalization will not lead to the sale of your name or leak your identity. The information you provide will only be stored on your computer and will not be transferred to the web server.

Please do not remind me again.

back to top