Savings Institute Bank & Trust 2.12.18

February 12, 2018

At Savings Institute Bank & Trust, we’ve been helping individuals and businesses achieve their financial dreams since 1842. Our world has changed since we served our first customer, but our commitment to the communities we serve hasn’t. As banking has evolved, so have we. We pride ourselves on being innovative and providing the smartest experiences, technology, and solutions every day, to every customer, every time. Headquartered in Willimantic, Connecticut, we have $1.6 billion in assets with branches in Connecticut and Rhode Island. We’re proud to offer lending solutions that are tailor-made to fit the needs of a variety of clients from first-time homebuyers to those looking to upgrade or downsize, refinance, purchase a vacation home or buy their dream house while theirs is still on the market.

We take the home buying and financing process seriously, offering exciting one-of-a-kind solutions like our Lock and Shop Program and Good as Gold Pre-Approvals. With our Lock and Shop Program, home buyers can lock in a low rate for 90 days while they shop for their home. They even have the opportunity to lower their rate if it drops once they have found a home at no charge*! It pairs perfectly with our Pre-Approval process, where home buyers can predetermine what they can afford while showing sellers they’re serious with a Commitment Letter ready to go.

Every homebuyer is different, so in addition to all standard home mortgage programs, we offer a variety of unique financing opportunities that other banks may not.

  • In-House Condo Program
  • Bridge Loans
  • Construction and Rehab Loans
  • First Time Homebuyer Programs
  • Portfolio Lending
  • Additional Solutions are available, such as:
    • FHA
    • VA
    • USDA – RD
    • CHFA
    • Land Loans
    • Hybrid Adjustable Rate Mortgages with an initial fixed rate and an adjustable rate after initial period
    • Jumbo and Super Jumbo
    • Super Jumbo
    • Variety of term and fixed rate mortgages
    • Investment Property Mortgages (1-4 Family)

*Limited one per customer. Offer may be discontinued at any time.


Heath B. Lefort

Retail Sales Manager

[email protected]

cell 401-641-0344

E-Fax: 860-456-5229