Jay Shannon graduated from Ball State University with a Degree in Finance. A Veteran, Jay served 12 years with the Indiana Army National Guard specializing in communications, recruiting and retention.
With almost 30 years of real estate and mortgage lending experience, Jay has the knowledge to help each borrower structure the best mortgage to achieve their financial goals. Having helped hundreds of clients, he understands how confusing the mortgage process can be, and he works hard to walk each client through the process in an organized and efficient manner. Because of his commitment to customer service, Jay will ensure you receive superior guidance in financing one of the most personal investments of your lifetime.
Jay resides outside Middletown, IN with his wife of over 25 years and their two children – both attending Ball State. His family is active in their community, as his son interns as the webmaster for the local town board and his wife works at the local library. Enjoying his foodie passion, Jay can be found on some days off looking for the ever-elusive best breaded tenderloin or biscuits and gravy. Jay also enjoys walks with his wife and their faithful family dog, Buddy.
At The Federal Savings Bank, we’re deeply committed to turning homeownership dreams into reality. Our diverse loan portfolio, nationwide reach and in-depth understanding of local communities allows us to provide personalized service and solutions that help meet our clients’ needs. Ultimately, we strive to empower families to create a place called home.

Buying, building, or refinancing all starts with the click of a button. Our experts are here to get you what you deserve.

Consult your financial advisors and appropriate government agencies for any effect on taxes or government benefits. Calculator disclaimer: The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. Subject to credit approval. Terms and conditions may apply. Property insurance is required on all loans secured by property.

Consult your financial advisors and appropriate government agencies for any effect on taxes or government benefits. This calculator provides an estimate of your monthly mortgage payment based on general assumptions. It does not account for all loan types or features, such as fixed vs. adjustable rates, mortgage insurance (MI), or Federal Housing Administration (FHA)-specific MI. Actual terms may vary and should be confirmed with a lender.
Calculator disclaimer: The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The calculation is based off of a fixed rate conventional loan with no Mortgage Insurance. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. Subject to credit approval. Terms and conditions may apply. Property insurance is required on all loans secured by property.

Consult your financial advisors and appropriate government agencies for any effect on taxes or government benefits. Calculator disclaimer: The information provided by these calculators is intended for illustrative purposes only and is not intended to purport actual user-defined parameters. The default figures shown are hypothetical and may not be applicable to your individual situation. Be sure to consult a financial professional prior to relying on the results. Subject to credit approval. Terms and conditions may apply. Subject to VA eligibility requirements. Property insurance is required on all loans secured by property.



