Dupaco, Federal Home Loan Bank partner on mortgage program
Business Record Staff Mar 4, 2025 | 2:54 pm
1 min read time
137 wordsAll Latest News, Banking and FinanceDupaco Credit Union has partnered with the Federal Home Loan Bank of Des Moines to offer its Mortgage Rate Relief program. The program provides eligible members with an interest rate reduction on new mortgages, regardless of location. This product is designed to make homeownership attainable for borrowers at or below 80% of the Federal Housing Finance Agency’s Underserved Areas Data by permanently reducing their interest rate to approximately 1.5 percentage points lower than the current market rate. “At Dupaco, we work one-on-one with our members, uncovering ways to save them money,” Taylor Ruoho, mortgage lending consultant at Dupaco’s Grimes Learning Lab, said in a prepared statement. “We’re thrilled to offer the Mortgage Rate Relief program, which can reduce mortgage interest rates for qualified homebuyers. This program strengthens our commitment to supporting our members’ financial well-being.”