Conventional Loan
The most popular mortgage loan with low down payment options!

This is a mortgage that has a fixed rate through the life of the loan, providing you consistency to help make it easier to set a budget. The monthly principal and interest payment, as well as your interest rate, will stay the same for the entire term of the loan.

Non-Traditional Loan
A balloon mortgage is a loan designed for people who may not qualify for a traditional mortgage.

It usually has a shorter term (for example, 5–7 years), but the monthly payments are calculated as if the loan were spread out over a longer period, like 30 years.

This keeps the monthly payments lower during the term. However, at the end of that shorter term, the remaining balance doesn’t go away – you’ll owe a large lump sum payment, called a “balloon payment.” At that point, most borrowers either refinance the loan or renew the loan for the remaining balance in full.

Construction Loan
This type of loan is designed for people building a new home or doing major renovations.

During construction, you don’t pay on the full loan amount right away. Instead, you only make interest payments on the money that’s been used so far. As the builder completes different stages of the project, they receive payments (called “draws”), and your loan balance gradually increases.

Once construction is finished, the loan can be converted into a regular mortgage.

Land Loans
Residential Lot Loan
This loan is for buying a piece of land where you plan to build a home in the future. It’s typically a short-term loan with flexible options, helping you secure the land now and build later.

Recreational Land Loan
This loan is for purchasing land you plan to use for personal enjoyment, like hunting, camping, or other outdoor activities. It can cover larger properties and is meant for long-term ownership.

Junior Mortgage
A second mortgage, also called a junior mortgage, is a loan that uses your home as collateral—just like your first mortgage—but it’s in a secondary position.

This means your original mortgage stays in place, and the second mortgage is an additional loan on top of it. Many homeowners use this option to access their home’s equity for things like home improvements, debt consolidation, or other major expenses.

Because it’s “second” in line to be repaid if the home is sold, it may come with a slightly higher interest rate than your primary mortgage.

Home Equity Line of Credit (HELOC)
A HELOC is a flexible way to borrow money using the value of your home.

It works similar to a credit card, but your home is used as collateral. You’re given a set credit limit and can borrow as much or as little as you need, whenever you need it. In most cases, you only pay interest on the amount you’ve actually borrowed—not the full credit limit.

Accessing your funds is simple – you can transfer money directly into your Bluff View Bank checking or savings account and reuse the line as you pay it down.

HELOCs are available for owner-occupied homes only.