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Federal Home Loan Bank of Des Moines

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Home$tart® and Home$tart Plus

In 2017 FHLB Des Moines members have the opportunity to receive up to $350,000 - up to $250,000 for Home$tart® and $100,000 for Home$tart Plus - in down payment and closing cost assistance for eligible homeowners.  Members may provide these funds to eligible households in amounts up to $7,500 for Home$tart or $15,000 for Home$tart Plus, and are reimbursed by the FHLB Des Moines after the closing of the mortgage loan.


Funds for the 2017 Home$tart® and Home$tart Plus Programs are no longer available.  However, small amounts may become available throughout the remainder of the year.  We encourage you to periodically check the dashboard in DP Online to determine availability and to utilize these limited opportunities.

On this page, you will find resources for reserving Home$tart and Home$tart Plus funds. Scroll down this page to find the following resources:

  • How to get started
  • How to initiate a reservation of funds
  • How to complete a disbursement/reimbursement
  • Post reimbursement

How to Get Started

How to Initiate a Reservation of Funds

  • A user with assigned access to DP Online, logs in through eAdvantage and initiates the reservation.  Instructions are available in the Down Payment Online Manual (PDF)
  • Income Limits and Purchase Price Limits
    • Households will be subject to HUD or NAHASDA Income Limits.
    • Home purchases will be subject to the maximum purchase price limits for non-targeted areas established by each state's Housing Authority. 

Forms and Resources

How to Complete a Disbursement/Reimbursement

  • A user with assigned access to DP Online, logs in through eAdvantage and completes the disbursement request.  Instructions are available in the Down Payment Online Manual (PDF)
  • Reimbursement Only
    • Grants will be disbursed on a reimbursement basis. Members must first enroll a household, providing income verification. Once a reservation is approved the member will provide the grant to the household at closing, then submit a disbursement request and receive grant funds as a reimbursement post-closing.
  • Deed Restriction
    • The Deed Restriction template includes a sunset clause which eliminates the need for a reconveyance should the homebuyer remain in their home for the full five years of the retention period.  In the Deed Restriction, the member should be identified as Lender, and the member will be responsible for servicing the Deed Restriction.  Members may make changes to the Deed Restriction template if needed to meet requirements in their state or territory; however, any new document will have to be reviewed and approved by the FHLB Des Moines Legal Department before it can be deployed.

Forms and Resources

Post Disbursement

*The Western Office included the states and territories of: American Samoa, Alaska, Guam, Hawaii, Idaho, Montana, Northern Mariana Islands, Oregon, Utah, Washington and Wyoming.  The Headquarters Office included the states of Iowa, Minnesota, Missouri, North Dakota and South Dakota. 

© 2017 Federal Home Loan Bank of Des Moines.