Since 1990, FHLB Des Moines has awarded $105 million in down payment and closing cost assistance to help more than 24,000 families with the purchase of a home.

In 2018, FHLB Des Moines members may receive up to $500,000 through Home$tart® to provide down payment and closing cost assistance for eligible homeowners on a first-come, first-served basis, subject to availability.

Households with total income that does not exceed 80 percent of the area median income may be eligible to receive up to $5,000.

Home$tart Process

Click on one of the steps below to guide you through the Home$tart process.

  1. Get Started
  2. Reservation of Funds
  3. Disbursement/Reimbursement of Funds

Questions? Contact our Community Investment Department at communityinvestment@fhlbdm.com.

In need of marketing assistance? Contact our Marketing Communications Department at communicationsdepartment@fhlbdm.com.

Why participate in Home$tart?

  • Meet Community Reinvestment Act objectives to serve low- to moderate-income households
  • Provide grants to expand market share or increase penetration in existing markets
  • Improve loan-to-value ratios on mortgage loans
  • Build community goodwill
  • Promote your corporate brand
  • Help families in your community realize their homeownership dreams by providing down payment and closing cost assistance