Mortgage Lending

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

Home Mortgages | Home Financing | Real Estate Loans

First Independent Bank offers residential lending in Central and Southern Minnesota. Our mortgage and lending solutions can be used 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 your home mortgage.

Whether you are refinancing or getting a new home loan,
buying lake property or financing new construction or a condo,
we are here and ready to help.


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. Depending on your situation, the specific home you're buying or the area you're considering building, different home loan options are available. These loans include FHAVAUSDA rural development, conventional 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: 

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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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Minnesota Construction Loans

Home Construction Loans | Single-close Construction Loans | New Construction Financing

If you are looking to build a new home, First Independent Bank is here to provide you with the right new construction loan. Building a home in Minnesota is possible because of the financing solutions that our bankers specialize in. We do new construction loans as well as remodel financing, and we have great single close construction loan options for homes all around Minnesota. Our experienced lenders are here to help you.


Construction to Permanent Loans

First Independent Bank also offers construction to permanent financing to build or remodel the home of your dreams. 

  • A multiple advance loan
  • Up to 12 months with interest only payments
  • Competitive rates
  • Permanent financing – to help avoid duplicate closing costs

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