Blog
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.
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.
3 Refinancing Mistakes to Watch Out For
Mortgage refinancing rates are still low compared to historic standards and many homeowners are choosing to refinance their mortgage loans, saving thousands of dollars in interest over the life of their loans.
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.
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.
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.