| Tipoffs for Des Moines, Iowa (Federal) Newsletter for Tuesday May 07, 2024 ( 1 items ) |
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Federal Home Loan Bank of Des Moines: $25 Million in Grant Funds Allocated to New Mortgage Rate Relief Product to Provide Affordable Homeownership
DES MOINES, Iowa, May 7 -- The Federal Home Loan Bank of Des Moines, a district bank in the Federal Home Loan Bank System, issued the following news:
The Federal Home Loan Bank of Des Moines (FHLB Des Moines) launched a new product, Mortgage Rate Relief, which will provide $25 million in grant funds to those seeking affordable homeownership. This product is designed to make homeownership attainable for borrowers at or below 80% of the Federal Housing Finance Agency's (FHFA) Underserved Areas Da
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