Loans

We have a variety of loans tailored to fit your individual
and business needs.

Mortgage Programs
Mortgages are our specialty! When DeWitt Savings Bank was founded in 1887 it was formed for just that reason and mortgage loans continue to be our main focus.
Fixed Rates: We continue to write fixed rates for those who want protection from market fluctuations. We offer various terms to suit your individual needs.
Adjustable Rates: We offer three different adjustable programs 1, 3, and 5 year. For each program your interest rate is locked in for 1, 3, and 5 year intervals. When your loan "rolls over" your rate is adjusted to the corresponding treasury bill rate plus a margin. All ARMs have periodic rate and liftetime rate caps. Rates can increase or decrease depending on the treasury bill rate. Low Down Payment Loans: Mortgage Loans with no down payment are now possible. Please contact our mortgage department and find out more about this product. Affordable Housing Program: We also participate in this program which is administered by the Illinois League of Financial Institutions and funded by the Federal Home Loan Bank. The program is a grant program based on income. This is an excellent program for low-income borrowers. If the borrower stays in the home for at least five years the grant money does not need to be repaid. Please contact our morgage department and find out more about this product. Non Residential Morgages: We are always happy to talk with potential borrowers about mortgage loans on properties other than single family residences. We have been making mortgages loans on rental property, business property, farm ground and unimproved property for many years so feel free to contact one of our loan officers about any non residential loan needs.

Auto Loans
We have auto loans at competitive rates! Many of our customers have yet to realize that we do make auto loans. Please call one of our loan officers and check out our terms. Ask for Heidi Jostes in Clinton or Jim Mahone in Moweaqua.



Line-of-Credit Loans
We offer a home equity line-of-credit product that many of our customers have already begun to use. If you qualify, you would receive checks and basically write your own loan when you need it! The interest rate is prime plus one percent and changes quarterly. Most credit card accounts can't match this rate plus the interest may be tax deductible


Construction Loans
We'll be glad to help you through the complicated process of financing the construction of your own home. Building a home, especially the first one, can be overwhelming but we can help simplify the process, at least from the financing standpoint. We'll walk you through step by step so the sooner you meet with us the easier it will be for you. Call Karen Murphy in Clinton or Jim Mahone in Moweaqua.

Other Loans
Home improvement loans, boat loans, mobile home loans, commercial loans, and even unsecured loans. Monthly payments, semi-annual payments, annual payments and one pay notes. We have done them all.