Mortgage Rate Relief Grant from FHLB Des Moines is coming up
If you’ve been dreaming about owning a home but wondering how to afford today’s interest rates, get ready—because an exciting opportunity is coming your way. Beginning March 2, 2026, eligible homebuyers will have access to the Mortgage Rate Relief Grant from FHLB Des Moines, a limited‑availability program designed to make homeownership more affordable right from the start. This grant offers something truly powerful: up to a 1.5% interest rate reduction below the current market rate for qualifying buyers.
In a housing market where every fraction of a percentage point can dramatically affect your monthly payment—and your long‑term costs—this grant can make a meaningful difference. For many families, that means lower payments, stronger buying power, and the opportunity to move into a home sooner than they ever imagined.
The Mortgage Rate Relief Grant is available on a first‑come, first‑served basis, and once the funds are gone, they’re gone. That makes early preparation essential. If you’ve been considering buying a home this year, now is the time to explore whether you qualify and get everything in place before the program goes live.
This grant is designed specifically for purchase transactions on a 1–4 family primary residence, giving buyers more accessibility across a range of home types—from starter homes to multi‑unit properties you plan to live in. Because the program is income‑based, it is especially helpful for households working to break through affordability barriers. To qualify, your household income must be at or below 80% of the FHFA Area Median Income. If you’re unsure where you fall, your CFB mortgage lender can help you determine eligibility quickly and easily.
As with any mortgage assistance program, credit and income qualifications apply, and additional restrictions may vary based on property type and loan structure. But for households that qualify, this grant can be a game‑changer. A reduced interest rate doesn’t just bring down your payment, it improves long‑term affordability, potentially saving tens of thousands of dollars over the life of your loan.
Programs like this don’t come around often, and when they do, they tend to move fast. With limited availability and high demand expected, now is the perfect moment to explore your options, gather your financial documents, and take the first steps toward homeownership. Whether you’re buying your first home or returning to the market after years of renting, this grant can help make the numbers work in your favor.
If you’re ready to turn the page to your next chapter, don’t wait. Connect with your mortgage professional to learn more, review qualifications, and get prepared before March 2. Your future home—and a lower interest rate—may be closer than you think.