BANK is excited to offer an exciting mortgage product – Rate Relief – through FHLB of Des Moines. For eligible households2, Rate Relief will lower the current market mortgage interest rate up to 1.5%!
Rate ReliefFeatures:
Up to 1.5% interest rate1 reduction for eligible borrowers - to be eligible, household must be at or below 80% of the FHFA area median income2
Can be used for home purchase only
Applied to a 30-year fixed loan
We have great rates, low closing costs, and mortgage expertise. At BANK - we make mortgages easy.
*Annual percentage rate. 360 Monthly payments of $1,088.91. Assumes loan amount of $200,000 and current market mortgage interest rate of 5.125% which includes the rate reduction of 1.5% for households that are eligible2. Payments exclude taxes and insurance. Rate as of 04/01/2026 and subject to change. All credit products are subject to approval. Private mortgage insurance may be required. 1The Rate Relief interest rate offered by FHLB Des Moines will be approximately 1.5% below prevailing market rates at any given time. Rate Relief funds are restricted to purchase a primary residence, 1-4 family dwellings, and 30-year fixed conforming conventional loans. Offer valid as long as funds last. 2Eligible households include those with income at or below 80% of the area FHFA median income. Eligible income is based on all adult owners/occupants. Other qualifications apply.
BANK NMLS #543759
Contact us today to see if you are eligible.
Give us a call
Call one of our mortgage experts today at 515.223.2265 in West Des Moines, 319.753.2265 or 319.523.5200 in Southeast Iowa.
