Rate Relief

BANK’s Rate Relief

5.155% APR* - 30 Year Fixed
for eligible borrowers²

BANK is excited to offer a NEW mortgage product – Rate Relief – through FHLB of Des Moines. For eligible households², Rate Relief will lower the current market mortgage interest rate up to 2%!

Rate Relief Features:

• Up to 2% 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 or refinancing

We have great rates, low closing costs, and mortgage expertise. At BANK - we make mortgages easy.

*Annual percentage rate. 360 Monthly payments of 1,088.97. Assumes loan amount of $200,000 and current market mortgage interest rate of 7.125% with a rate reduction of 2% for households that are eligible2. Payments exclude taxes and insurance.Rate as of 05/21/2024 and subject to change. All credit products are subject to approval. Private mortgage insurance may be required. BANK NMLS #543759. 
¹The Rate Relief interest rate offered by FHLB Des Moines will be approximately 2% below prevailing market rates at any given time. Rate Relief funds are restricted to a primary residence, 1-4 family dwellings, and 30-year fixed conforming conventional loans. 
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.

Contact us today to see if you are eligible.