Find Your Way Home With BSNB
Ballston Spa National Bank offers a full range of home loan programs, including fixed-rate, adjustable-rate, refinance, and renovation loans – with a dedicated team by your side.
A Mortgage That Fits Your Life
Fixed-Rate Mortgage
Adjustable-Rate Mortgage
Home Refinance
Jumbo Loans
Second Home Loans
Investment Properties
Construction draw loans
Construction Financing That Moves With You
A construction draw loan from BSNB finances your new home in stages – disbursing funds as each milestone is completed, so you’re only paying for what’s been built. You apply once, close once, and your loan converts to a permanent mortgage upon completion of construction.
- Funds disbursed in stages for construction milestones.
- Interest-only payments during the construction phase.
- Construction phase terms typically 6–12 months.
- One application, one closing – construction and permanent financing combined.
- Competitive financing up to a high percentage of home value.
new construction End loans
Build The Home of Your Dreams
A new construction loan from BSNB covers the construction phase of your new home, funding your builder in scheduled payments while you make interest-only payments, then converting to a permanent mortgage when construction is complete.
- Interest-only payments during construction keep costs lower.
- Flexible loan terms including 6-month, 9-month, or 12-month.
- Borrow up to 85% of your home’s value.
- One application and one closing covers all loan phases.
Home Improvement loans
Your Home, Upgraded
A BSNB Home Improvement Loan gives you up to $25,000 in unsecured financing with a low fixed rate, so you can tackle the projects on your list without tapping your home’s equity or waiting for an appraisal.
- Borrow up to $25,000, unsecured, no collateral needed.
- Low fixed interest rates with flexible repayment terms.
- Fast approvals and expert customer care.
- Easy repayment option with auto-deduct from a BSNB checking account.
Mortgage Benefits That Go Beyond Financing
Bi-Weekly Mortgage
Pay off your home faster and save on interest by making half your monthly payment every two weeks.
New Home Grant
Purchase your new home with a $5000 grant from BSNB through our Homebuyer Assistance Program.*
No-PMI Financing
Making a smaller down payment could reduce monthly mortgage payments. Contact a lender for more information.
We Are Here to Help.
Have a question about accounts, loans, digital banking, or the right next step?
Our team is ready to help you get where you need to go.
Our Mortgage Loan Originators
Frequently Asked Questions
The best mortgage depends on your timeline, budget, and long-term plans. A BSNB Mortgage Loan Originator will walk you through your options, fixed vs. adjustable rates, loan terms, and down payment requirements, so you can make a confident decision. Contact us at 518-885-6781 or visit any branch to get started.
You’ll typically need recent pay stubs, W-2s or tax returns, bank statements, and a valid form of ID. Download the BSNB Mortgage Checklist for a full list of what to prepare before your application.
BSNB also offers financing for jumbo mortgages, second homes, and investment properties. See current rates.
Yes. BSNB offers a $5,000 grant for qualified buyers through our Homebuyer’s Assistance Program, available on a first-come, first-served basis until funds are depleted. Qualified borrowers may receive down payment and closing cost assistance when they meet the following criteria:
- Home must be located in Albany, Schenectady or Saratoga County within New York State.
- Household income may not exceed $89,750.
- Buyer must complete a homebuyer education course prior to applying for the grant.
Terms and conditions may change at any time and without notice. NMLS #414706
A draw loan funds construction managed by your builder and converts to a permanent mortgage at completion. A construction end loan is for buyers purchasing a newly built home from a builder who is self-financing their own construction. It’s essentially a mortgage with an extended rate lock that protects you while you wait for the home to be finished.
No. A BSNB Home Improvement Loan is unsecured, you borrow based on your creditworthiness rather than your home’s equity. That means faster approval and no need for an appraisal or title work. A home equity loan or HELOC uses your home as collateral and may allow for larger loan amounts. Talk to a BSNB banker to compare options.
Home improvement loans can be used for a wide range of projects, including:
- Kitchen and bathroom remodeling
- Roof replacement and repairs
- New windows, siding, or flooring
- Heating and cooling systems
- Decks, pools, and landscaping
- General repairs and upgrades
Personal Loans
Life doesn’t always line up with your savings balance. BSNB personal loans and lines of credit give you straightforward access to funds, with terms that fit your budget and bankers who treat you like a person, not a number.
- Instant Money Line provides fast, flexible access to funds.
- Fixed and variable rate options and repayment structures.
- Local approval from a trusted lending team.
Go Further With BSNB
Explore products and services that support you in every stage of life.
NMLS Company ID – 414706
