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 Redwood Falls 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. It’s 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
The Benefits of Owning a Home
- 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.
- Making It Yours! The ability to change the space and make it yours. If you don’t like a wall where it is, you break out a sledge hammer and Sawzall and you tear it out!
- 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.
- Choose Your Neighbors! Unlike an apartment building, you get to choose your neighbors when you buy.
- Pride of Ownership - There is nothing like the feeling of owning a home.
- Bigger Opportunities - A home is an asset that can provide you leverage when you need it.
The Best Choice for Your Redwood Falls Home Loan
Redwood Falls, 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.
Redwood Falls, MN
Located in Redwood County and along the junction of the Redwood and Minnesota rivers, Redwood Falls is a beautiful place to live. Redwood Falls has a smaller community of people, but that doesn’t mean it is lacking in any way. With plenty of places to recreate and dine, Redwood Falls typically retains good home values.
One of the highlights of Redwood Falls is Ramsey Park. The 256 acre park, also called, “Little Yellowstone of Minnesota”, is the largest municipal park in Minnesota. Ramsey Park hosts a number of community activities, offers 4 miles of paved trails, camping, and even a zoo!
Dubbed, “The Scenic City”, Redwood Falls is a great place to work and play, and a great place to call home. Contact First Independent Bank today about refinancing your home in Redwood Falls.
Redwood Falls Schools
The Redwood Area School District is a smaller district with four schools serving approximately 1,137 students in Redwood County. The district provides a wide variety of academic and extracurricular programs for students to participate in.
For families seeking a private school education for their students, there are a number of private schools in Redwood County with Saint John Lutheran School being located within Redwood Falls.
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Your best option for a home loan in Redwood Falls, 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.