FDIC-Insured – Backed by the full faith and credit of the U.S. Government
Home Loans Made Simple
Buying a new home should be an exciting and rewarding experience. At DeWitt Savings Bank, mortgages are our specialty! Founded in 1887 with a focus on home loans, we continue to prioritize helping our customers achieve homeownership with flexible mortgage options to fit their needs.
Fixed-Rate Mortgages
Lock in peace of mind with a fixed-rate mortgage. Enjoy stable monthly payments and protection from market fluctuations with a variety of term options designed to suit your budget and long-term goals.
Adjustable-Rate Mortgages (ARMs)
Our 5/5 adjustable-rate mortgage (ARM) locks in your rate for five-year intervals. When your loan “rolls over,” your rate adjusts based on the corresponding Treasury Bill rate plus a margin. All ARMs include periodic and lifetime rate caps for added security. Your rate may increase or decrease depending on market conditions.
Rural Development Loans
Buying a home with no down payment? It’s possible! Our Rural Development Loan program helps eligible borrowers purchase homes with 100% financing. Contact our mortgage team to learn more about this opportunity.
Downpayment Plus Grant Program
We proudly participate in the Downpayment Plus program, funded by the Federal Home Loan Bank. Qualified buyers can receive a grant up to $10,000.00, based on low to moderate income levels. In many instances you won’t have to repay the grant! Contact our mortgage experts to see if you qualify.
Non-Residential Mortgages
Need financing for rental properties, business properties, farmland, or unimproved land? We’ve been providing non-residential mortgages for years and are happy to explore loan options that fit your needs. Talk to one of our loan officers for more details.
Apply For a Mortgage Loan Online
Mortgage / Home LoanMortgage Loan Documentation Requirements
W2’s for the past 2 years.
Paystubs covering the most recent 30 days.
Most recent 2 months of statements for all asset accounts disclosed on the application.
Most recent 2 years of tax returns.
Copy of settlement statement and/or purchase contract for current home (if applicable).
A copy of the purchase contract. (For purchase only)
A copy of the earnest money check once it has cleared your account. (For purchase only)
Name and phone number of homeowners insurance agent.
Written homeowners insurance quote
Is Refinancing right for you?
Everyone’s situation is different. Call or visit us today and speak to one of our mortgage loan experts.
Call us: Clinton Office - 217-935-9470; Moweaqua Branch - 217-768-3861
Visit us in person at your nearest branch
*Loans are subject to credit and collateral approval. Additional terms and conditions may apply.