Home Loans and Mortgages | Tonka Bay, 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 Tonka Bay 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

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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 don’t 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. 

Your best option for a home loan in Tonka Bay, MN

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