Discover the Benefits of our MPF Xtra Product

Becoming a successful homeowner supports sustainable communities and improves quality of life. Community lenders across FHLB Des Moines five state district are using the MPF Xtra product to help their customers realize the dream of homeownership.

With the MPF Xtra product, community lenders are able to sell fixed rate, conforming loans into the secondary market, leveraging their membership in FHLB Des Moines to gain access to liquidity. And now a servicing-released option is available for the MPF Xtra product through Iowa Bankers Mortgage Corporation (IBMC). IBMC will offer this option to all FHLB Des Moines Participating Financial Institutions (PFIs). FHLB Des Moines is currently the only FHLBank to offer this alternative to its PFIs for MPF Xtra.

Builds partnerships
With the common sense approach to lending and the flexibility we need as a true community bank, we can compete on a level that many others cannot with the MPFÒ program. Our experience with the program has been nothing short of extremely successful.

Jeff Richter
Senior Vice President, Central Bank

Responds to customer needs
We recommend FHLB Des Moines Mortgage Partnership FinanceÒ programs as a necessary and convenient secondary market outlet that meets our residential lending needs. We find it to be consistent and competitive with other secondary outlets and agencies.

 James W. Glaser
Senior Vice President Mortgage Operations, West Bank

The MPF Xtra product is designed for any FHLB Des Moines member institution that is:

  • Actively engaged in mortgage lending in their community

  • Seeks to minimize risk.

  • Has a high regard for the value of the customer relationship.

Benefits to members include

  • Opportunity to leverage FHLB Des Moines membership to obtain competitive pricing.

  • Excellent all-in execution compared with alternative secondary market options.

  • Interest rate, prepayment and credit risks of the associated loans are transferred to an investor.

  • Servicing rights and servicing fee income are retained, preserving the ability to cultivate relationships with customers.

  • No risk-based capital or activity stock requirements.

For more information about the MPF Xtra product or how to apply to become a PFI, contact:



“Mortgage Partnership Finance,” “MPF” and “MPF Xtra” are registered trademarks of the Federal Home Loan Bank of Chicago.