Construction Loans

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Applying for a Bluff View Bank construction loan is easy. Start an application and finish in just a few minutes, or save it and complete it later.  


Plans are finalized, bids are complete, contracts are signed and location is secured. You are just about ready to start building your dream home. The only thing left to do is contact Bluff View Bank for your construction loan!

Building your dream home will happen in 2 steps. First the construction loan, then once the home is built, it’s time for permanent financing.

After the construction loan is approved, documents are signed you will move into the draw period. This is the 9-month timeframe to complete the building of your new home. As work is completed, contractors will need to be paid and we will make sure the funds are released to the appropriate parties. During the draw period, you will be responsible for monthly interest only payments based on the amount you have advanced on the loan.

Once your new house is complete, it’s time to find the best permanent financing option for you. This may be a conventional fixed-rate loan which includes 30, 20 and 15-year terms, or a Bluff View Bank in-house mortgage. Our home loan experts will present all of your options and work with you to find the one that meets your financial needs.


  • Interest only payments during the construction period. The payment amount is based on the loan amount you have advanced.
  • Well qualified applicants may borrow up to 90% of the home’s value.
  • Competitive fees
  • Local servicing of your loan
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We have experienced mortgage lenders that will guide you through the process and answer all of your questions. We are just a phone call, email or in person meeting away.

Lori Bork

Tracey Von Ruden


*Annual Percentage Rate (APR) is 1.928%.  This assumes a 10% down payment, loan amount of $300,000 and interest only payments of $407.25 per month when fully drawn. Does not include taxes and/or insurance premiums and if applicable, the actual payment obligation will be greater. Construction loan is interest only, fixed for 9 months, then balance is refinanced into a 63-month balloon loan or fixed rate loan. All loans subject to credit approval based on the underwriting factors such as credit score, income history, property value and others. Other rates and loan-to-value programs are available. Advertised rate accurate as of 01/30/2023 and is subject to change at any time without notice.