Rate Relief

BANK’s Rate Relief

5.394% APR*

30 YEAR FIXED

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 1.5%!

Rate Relief Features:

• 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 $1,644.94 Assumes loan amount of $200,000 and current market mortgage interest rate of 6.250% with a rate reduction of 1.5% for households that are eligible². Payments exclude taxes and insurance. Rate as of 03/03/2025 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 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.

Contact us today to see if you are eligible.