Mortgage Rate Relief Available

Buying a home is an exciting milestone, but affordability can be a challenge for many buyers. We participate in a variety of down payment assistance and affordability programs designed to help make homeownership more attainable in the communities we serve.

We’re especially pleased to announce that a new option—Mortgage Rate Relief—will be launching March 2. As a participating member bank, we’re proud to partner with the Federal Home Loan Bank of Des Moines to offer this opportunity to eligible borrowers.

Mortgage Rate Relief is a special mortgage product designed to make homeownership more attainable by permanently reducing the interest rate on a qualifying home loan. Through this program, eligible borrowers may receive an interest rate that is approximately 1.5% lower than current market rates on a 30‑year fixed‑rate mortgage.

Because the rate reduction is permanent, it can significantly lower monthly mortgage payments and improve long‑term affordability for qualified buyers.

Mortgage Rate Relief is available to homebuyers whose total household income is at or below 80% of the area median income (AMI), as determined by the Federal Housing Finance Agency Underserved Areas Data. When determining eligibility, all owner‑occupant income must be considered, including income not used to qualify for the mortgage loan itself.

The program may be used for the purchase of a primary residence, including 1–4-unit residential properties, with no neighborhood or location restrictions.

Mortgage Rate Relief is not available directly to consumers and can only be accessed through participating member financial institutions, like ours. As a community‑focused bank, we’re proud to partner with FHLB Des Moines to offer this program and help connect eligible borrowers with a more affordable path to homeownership.

With Mortgage Rate Relief launching March 2, now is the perfect time to explore whether you may qualify. The best way to learn more is to speak directly with one of our mortgage lenders, who can review eligibility requirements, explain how the program works, and help you prepare for next steps.

If you’ve been waiting for the right opportunity to make homeownership more affordable, we invite you to connect with our mortgage team and learn more about Mortgage Rate Relief and other home financing options available.