A Closer Look at the FHLB Des Moines Mortgage Rate Relief Program
The FHLB Des Moines Mortgage Rate Relief Program gives qualifying homebuyers the opportunity to secure a mortgage rate up to 1.5% below current market rates, helping reduce monthly payments on eligible home purchases. For borrowers who qualify, this reduced rate applies for the life of the loan.
Why this program stands out
A mortgage rate that is up to 1.5% below market can lower monthly principal and interest payments and may expand home financing options for some buyers. Because the reduced rate remains in place for the full loan term, the benefit continues over time. Program funds are limited and available on a first‑come, first‑served basis, and may be exhausted at any time.
Important details to keep in mind
Eligibility requirements apply, including income limits and program guidelines, and not all applicants will qualify. This program is available for purchase transactions on primary residences only, and all loans are subject to credit approval. Reviewing your individual situation with a loan officer is the best way to determine eligibility.
Why now is the time to stop in
Many borrowers aren’t sure whether they qualify until they take the time to review the details. With limited funding available, starting the conversation early can help you understand your options. Stop in to visit me, or any of your local American State Bank Loan Officers, to review eligibility requirements, explain how the rate reduction works, and discuss what it could mean for your budget.
A conversation today could help you better understand available home financing options.
Disclosure:
The Mortgage Rate Relief interest rate offered by FHLB Des Moines will be up to 1.5% below prevailing market rates at any given time. See lenders for full details. Member FDIC. Equal Housing Lender