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 85% of the home’s value or cost.
new construction End loans
Build The Home of Your Dreams
When you are buying in a subdivision and the builder finances the construction project, you can lock in mortgage financing with peace of mind.
- Rate lock protection for up to 270 days.
- Competitive fixed rate and ARM programs.
- If interest rates improve, an interest rate float down option is available.
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
New Home Grant
Purchase your new home with a $5000 grant from BSNB through our Homebuyer Assistance Program.*
No-PMI Financing
We have many financing options, including as little as 10% down and no PMI. 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. Apply online or at your local branch.
The following information is usually required during the loan process:
- Your Social Security number
- Current pay stubs or, if self-employed, your tax returns for the past two years
- Bank statements for the past two months
- Copies of the last 2 years’ W-2s or, if self-employed, business tax returns for past two years (if applicable)
- Investment account statements for the past two months
- Retirement account statements for the past two months
- Credit card account information
- Auto loan account information
- Personal loan account information
- Child support/Alimony payment information (if applicable)
- Copy of signed purchase and sales agreement (if applicable)
If you currently own Real Estate:
- Mortgage account information
- Home insurance policy information
- Bank statements for the past two months
- Home equity account information (if applicable)
- Copies of tax bills for county, school, etc.
- Leases for properties that are used as rentals
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, Saratoga, Greene, and Schoharie counties.
- Household income limits apply.
- 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
