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Federal Home Loan Bank of Des Moines

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Down Payment Products

Each FHLB Des Moines member may receive up to $490,000 through the Bank's three down payment assistance programs: up to $250,000 for Home$tart®, $100,000 for Home$tart Plus, and $140,000 for the Native American Homeownership Initiative (NAHI) to provide down payment and closing cost assistance for eligible homeowners.  Funds are made available to members on a first-come, first-served basis, subject to availability. Members provide these funds to eligible households in amounts up to $7,500 for Home$tart or $15,000 for Home$tart Plus and NAHI, and are reimbursed by the FHLB Des Moines after the closing of the mortgage loan.

Benefits include: 

  • Help families in your community realize their homeownership dreams by providing down payment and closing cost assistance
  • Enhance mortgage originations by reducing principal loan balances and qualifying more potential homebuyers
  • Increase your competitive advantage with moderate-income and first-time homebuyers
  • Promote your corporate brand and build community relationships

Click on the down payment product below for more information:

Home$tart® and Home$tart Plus

Available to members for qualifying homebuyers

Learn More


Native American Homeownership Initiative

Available to members for qualifying Native American homebuyers

Learn More


2015 Headquarters Homeownership Fund

Forms and guidelines for past Homeownership Fund recipients

(For past users only. This product will not be offered in 2017) 

Learn More

© 2017 Federal Home Loan Bank of Des Moines.