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Home ownership is the dream of most Americans. Whether you are a first-time home buyer, are looking to get a mortgage on a second home, or are in the process of upsizing or downsizing your home, First Independent Bank can help you get the home mortgage in Mankato to meet your needs. 

What is the process for getting a home mortgage?

Before you even start to look at homes, we suggest getting a pre-approval letter. The pre-approval process will help you determine how much you can spend on a home (the size of the mortgage you qualify for). This is extremely important when you put in an offer on a home. An offer to purchase a home that has a pre-approval letter attached is a more valuable offer to the seller. Its how they can be reasonably sure that a buyer can complete the purchase. 

Because FIB is a family and employee-owned bank, you will be more closely connected to our qualified loan officers. Our loan officers will take the time to get to know you, understand your situation, and help you make the right decisions for your life.  

Get Pre-Approved for a Home Loan Today

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The Benefits of Owning a Home

  1. Building Equity - This is probably the biggest benefit. Instead of renting and seeing no return on your dollars, you are able to own an appreciable asset.
  2. Making It Yours! The ability to change the space and make it yours. If you dont like a wall where it is, you break out a sledge hammer and Sawzall and you tear it out! 
  3. A Place That Lasts - A home is permanent place at which you can build memories with family and friends. Compare this to a rental: a place that can be sold out from under you when your lease expires.
  4. Choose Your Neighbors! Unlike an apartment building, you get to choose your neighbors when you buy.
  5. Pride of Ownership - There is nothing like the feeling of owning a home. 
  6. Bigger Opportunities - A home is an asset that can provide you leverage when you need it. 

The Best Choice for Your Mankato Home Loan

Mankato, MN is our home turf and we know the people who live and work here. From individuals, to families, to farms, to businesses, First Independent Bank exists to be a thriving independent community bank serving our customers, employees and local communities. As your local area experts, we are able to look out for your best interests and provide access to the financial solutions you need. 

First Independent Bank is located on the eastern edge of Marshall, MN at the junction of state highways 19 and 23. We have had a new location and building since 2017.

Mankato, MN

Located at the junction of 3 different counties, Mankato falls right in south central MN. Steeped in history with Native Americans and the childhood home of Laura Ingalls Wilder being close by, Mankato has a lot to offer. Not only that, but there are countless parks and lakes nearby. With a great community and culture, there are plenty of things to do

Mankato is a growing community because of its reasonable cost of living, safe and charming neighborhoods, and friendly atmosphere. Whether you like to hunt, fish, hike, or just enjoy what the city has to offer, Mankato is a great destination for your house or cabin. 

Contact First Independent Bank today about refinancing your home in Mankato. 

Schools in Mankato, MN

Mankato Public School District is a highly rated school district and has been named one of the best places for athletes in Minnesota, one of the best places to teach, and one of the best school districts overall in MN. Mankato is also home to Minnesota State University, Mankato. 

If you’re having trouble making your mortgage payments click this link.

Your best option for a home loan in Mankato, MN

First Independent Bank is the best home loan provider for Redwood Falls. Call today - 507-532-2426 - to start the mortgage application process and get pre-qualified.