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.
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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.