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.
- 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: