Qualifying for a USDA Loan

What is a USDA Loan and Are You Eligible for One?

When shopping for a new home, there are many types of mortgages to choose from. One of the lesser-known types of mortgage loans is a USDA loan, which is a zero-down-payment mortgage for rural and suburban homebuyers. USDA loans are issued through the USDA Rural Development Guaranteed Housing Loan Program by the U.S. Department of Agriculture.

Read more ...

First Independent Bank Stands with Minnesota Hog Farmers

Minnesota is the nation's third-largest hog-producing state and pork is critical to our state’s agricultural economy. Though swine farmers (and farmers in general) are no strangers to navigating difficult times, the last six to nine months have been tough for our friends in the swine industry.

Read more ...

3 Refinancing Mistakes to Watch Out For

Mortgage refinancing rates have hit historic lows recently, and many homeowners are choosing to refinance their mortgage loans, saving thousands of dollars in interest over the life of their loans. Refinancing as a percentage of total mortgage applications climbed to a 10-week high as of July 17th, according to MBA data.



Read more ...

5 Helpful Tips You Need to Read Before Buying a Home

For the first time since 1971, interest rates have fallen below 3%. So, it is no surprise that with interest rates at historic lows, many people are buying homes for the first time or trading up from their current home.

Read more ...

Lake Home Financing from First Independent Bank

In Minnesota, lake life is a dream for many during the summer. A cabin or vacation property is fun for all, unlike your primary home where you pay bills or do homework at the dining room table.

Read more ...

Low Interest Rates and the Mortgage that's Right for You

If you’re a homeowner or a vacation property owner - or if you plan to be one - then you’ve undoubtedly been watching the record low mortgage rates that have been put in place to boost and sustain our economy.

Read more ...

Getting Ready to Open Your Doors Again?

Businesses are beginning to open up again after the unprecedented nationwide shutdown. Crippling business restrictions have turned out to be too much for many small businesses around the country. Some business owners, to avoid inevitable permanent closure, have chosen to defy mandated lockdowns.

Read more ...

6 Ways to Protect Yourself from Coronavirus Scams

In times of crisis, the helpers always show up. People who risk their lives to help others in any way they can. We are so thankful for all the essential workers who are currently doing just that as the COVID-19 situation continues to develop.

Read more ...

Coronavirus: Some Advice to Ag Professionals

People who work in the Ag business are already some of the hardest working people in our country. Early mornings. Late nights. You’re managing a business, working with your hands, thinking financially, working strategically. In all of it, you are also at risk in this season of quarantine.

Read more ...

Tips for Managing Your Money During Coronavirus

While we are currently in the middle of a health crisis with the novel coronavirus, we’re also experiencing an economic downturn of historic proportions.

Read more ...

Lost or Stolen Card?

Report

ATM

Locator

How Are We Doing?

Tell Us

Mortgages Made Simple

Our new online mortgage application makes buying and refinancing even easier.

Apply Now

fib logo vertical white 500 438

Big enough to know business. Small enough to know You.

Stay Connected: