Mortgage Loans

Are you buying your first home or considering a different home that may be a better fit for your budget, changing lifestyle or life stage? Join us April 11 for a free first-time home buyer seminar. You'll learn what types of loans are available and what to expect from application to closing. We encourage you to learn more and RSVP to reserve your seat. 

Your First National Bank Bemidji lender will work closely with you to explore the most appropriate financing options and select the terms and features best suited to your needs. We offer loan programs with no or low down payment requirements as well as flexible financing options. Contact one of our mortgage team members to discuss options for refinancing your current mortgage, which may include a lower interest rate, a different payment plan or other benefits.

Options include:

  • Fixed 15 to 30 year loans
  • Construction loans
  • VA Loans
  • Adjustable Rate Mortgage (ARM) loans
  • Interest only loans
  • Bridge loans

There are many financial decisions involved in purchasing or refinancing a home. The "What can you afford?" calculator provided below may help you decide what type of mortgage is best for you whether you are making a new home purchase or deciding if it is the right time to refinance. Of course, the calculators don't take into account all the factors that should be considered when choosing a new mortgage, rather they are designed to offer assistance. The final decision should always be based on what's best for you and your individual situation. We encourage you to use our online loan applications to initiate the loan approval process. Please call 218-333-4320 if you need assistance.

What can you afford?

Apply for a Mortgage Loan

Home Equity Loans & Lines of Credit

A Home Equity Loan or Line of Credit is a flexible way to borrow funds for anything from a home remodel, boat, car and more.  Using the equity in your home is a great alternative to personal unsecured loans.  The interest rate is also often lower than other types of revolving credit, such as credit cards. Interest you pay may be tax deductible – consult your tax advisor. 

For a limited time, April 1-30, there are $0 closing costs for home equity loans.* Please call 218-333-4320 to get started!


Home Improvement Loans

First National Bank Bemidji offers below market rate home improvement loans for qualifying Minnesota homeowners. We participate in the Minnesota Housing Fix Up Fund through the Minnesota Housing Finance Agency (MHFA).


We encourage you to use our online loan applications to initiate the loan approval process. Please call 218-333-4320 if you need assistance.

Apply for a Loan 


*Home equity loans and credit lines are available on single family, owner occupied homes. The minimum loan is $10,000 and the maximum loan is $100,000. Normal underwriting guidelines apply and owners must provide property insurance. Rates on home equity LOANS are fixed for the term of the loan and start as low as 5.5% APR as of 4/1/19. The First Equity LINE OF CREDIT is a variable rate plan with a maximum APR of 21.75%. Current rates, as of 3/26/19, start as low as 6.5% APR.