Important Notice for First Independent Bank Debit Card Customers!

For your security, we are conducting a mass reissue of debit cards that feature an expiration date of 09/2024 thru 04/2026 and the numbers 600 or 601 in the third set of numbers. This proactive measure ensures your continued protection and seamless banking experience.  Please be on the lookout for your new debit card arriving in the mail within the next week. Once received, activate it as soon as possible and stop using your old card.

We appreciate your understanding and cooperation as we continually work to enhance your banking security.

If you have any questions or concerns, feel free to reach out to any First Independent Bank location or 507-823-4391.

From buying your first home to building your dream home, we can work with you and your budget to find the home loan solution that's right for you.

Minnesota Home Loans

From buying your first home to building your dream home, we can work with you and your budget to find the home loan solution that's right for you.

First Independent Bank offers residential lending all throughout Central and Southern Minnesota. Our mortgage experts can give you the home loan solution you need for lake lot financing, a second home, or the dream home you've been wanting to build. We give you quick answers and exceptional service when looking for a home loan.

A Home Loan to Make Your Dream Possible

Whether you are refinancing, getting a loan for a new home, buying lake property, or financing new construction, First Independent Bank partners with you to make your dream affordable.


With a range of both in-house and secondary market mortgage loans for our customers, we provide mortgage and finance solutions with low closing costs and no application fees. Our lending and mortgage specialists have helped homeowners build their dream homes and remodel their fixer uppers. We've helped move people toward owning their own vacation property and their first (or 21st) investment rental property. Every customer at First Independent Bank is unique, and so every home loan and finance solution is unique as well. 

A Mortgage Made for You

Depending on your situation, the home you're buying, where you're building, or the type of financing you qualify for, different home loan options are available. These loans include FHAVAconventional home mortgages, conventional insured loans, and direct loans. If you're not sure which direction to go, our qualified lending team can help you determine the best option. 

Some of the mortgage and various financing options that our bankers can discuss with you: 

  • 10, 15, 20, 25, 30 Year Fixed-Rate Mortgages
  • 5 & 7 Year Balloon Mortgages
  • Refinancing
  • Adjustable Rate Mortgages
  • New Construction Loans
  • Land and Lot Financing
  • VA Guaranteed Loans
  • FHA Guaranteed Loans
  • Vacation Property or Second Home Loans

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Home Equity Loans

First Independent Bank offers a non-revolving loan based on the equity in your home. Put your equity to work to finance big purchases, home improvements, or debt consolidation. With competitive rates and amortized payments, home equity loans are a great way to leverage the work you've put in to make needed purchases.   

Mortgage interest is tax deductible. 

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Home Improvement Loans

Would you like to fix up your house? Is it time to add on a garage or an extra room? Whether you need to insulate your home, replace some doors or windows, or shingle the roof, we have financing options available at competitive interest rates.

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Home Equity Line of Credit

First Independent Bank offers a line of credit that can be used for any purpose based on the equity in your home. Put your equity to work with a HELOC from First Independent Bank.

  • Offered with amounts up to 90% of the appraised home value
  • Competitive variable or fixed interest rates
  • Low monthly payment
  • Low closing costs

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