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Home Loans and Mortgages | Marshall, MN

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 Marshall 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.  

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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 Marshall Home Loan

Marshall, 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.

Marshall, MN

Marshall is located in Lyon County, Southwestern Minnesota. The city dates back all the way to 1872 and was named in honor of Governor William R. Marshall. Before white settlers came to the area, it was occasionally used by the Native American people as a campground, specifically the Dakota tribe. Today, Marshall is a thriving community revolving around agriculture, business, academics, and community. It’s big enough to have many different services to offer but small enough to have a strong community. Marshall is also home to Southwest Minnesota State University (SMSU).  Whether you like to hunt, explore history, or enjoy fine arts Marshall is a great place to recreate and have your home.  

Marshall, MN Schools

Marshall Public School District is an above average school district in Lyon County with an average student/teacher ratio of 13:1. The district serves families within Marshall as well as the rural surrounding areas and provides a wide variety of academic and extracurricular programs. 

For families seeking a private education for their students, there are also several private schools serving Marshall and the surrounding areas.

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

Your best option for a home loan in Marshall, MN

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

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We’re proud to feature our 2024 calendar contest winners.

10 Alyson Swanson October 1st place t

Angie Sippel, 1st Place Winner, August

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