Mr Gosnell and Mr Chisholm did not expect such a positive outcome when they were trying frantically to find the youngsters as the house blazed soon after 12.30am.
Mr Gosnell managed to force open a small hinged window of the main bedroom. He could hear a child "sort of whimpering periodically" but could not see anyone because of the thick smoke.
In desperation, Mr Chisholm grabbed a steel-legged chair from the patio and hit the big window with it, but it "bounced off."
A second attempt shattered the glass into big shards.
Once the glass was cleared, the two men could see a boy inside underneath the window. The shards were lying on him near his head and neck and there appeared to be a lot of blood.
Said Mr Chisholm: "I felt really sick. He (Jordan) was not responsive. I thought he was dead and I had killed him."
Mr Gosnell leaned through the window frame and reached the little boy, who was lying in a small space between a double bed and a wardrobe.
By then emergency services had arrived and took over.
"It is a tough situation to be in," said the Coroner, commending the men for not entering the house or opening doors.
"It was a very sensible way to try and help by breaking the window. Both of you quite clearly saved the life of the young boy."
Specialist fire investigator Peter Fox, who also gave evidence at the inquest, said he believed there were "moves underway" to officially recognise the courage of the two neighbours.
Mr Fox said the cause of the house fire was undetermined but was possibly from an electrical source in the lounge.
It had been impossible to confirm a smoke alarm had been installed at the entry to the house. The fitting for a second alarm was in the bedroom where the fire started, with the alarm found underneath the base of Ms Ramirez's bed.
Evidence was given that the battery had gone flat the night before the fire. When the alarm started beeping in the afternoon, Ms Ramirez had taken out the battery.
Coroner Smith has reserved his decision into the cause of her death.