Home$tart®

Down payment and closing cost assistance for qualifying first time homebuyers

Changes for 2019

Home$tart® Reservation and Disbursement Approval Assistance

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Since 1990, FHLB Des Moines has awarded $123.5 million in down payment and closing cost assistance to help more than 28,000 families with the purchase of a home.

October 21, 2019 - $2 Million Added to Home$tart

An additional $2 million in Home$tart funding is now available for FHLB Des Moines members. This funding is available on a first-come, first-serve basis, subject to availability, to members who have not yet reached their $100,000 program limit.

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

Already know the process? Find the forms and resources you need here.

Questions? Contact our Community Investment Department at communityinvestment@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