Dupaco joins Federal Home Loan Bank in program to make homeownership more affordable for some borrowers
Business Record Staff Jul 15, 2024 | 3:32 pm
<1 min read time
81 wordsAll Latest News, Banking and Finance, HousingDupaco Credit Union and Federal Home Loan Bank of Des Moines have partnered on the Mortgage Rate Relief program, which can provide eligible members with a reduced-rate mortgage. The Mortgage Rate Relief program provides $25 million in grant funds to those seeking affordable homeownership. This product is designed to make homeownership attainable for certain lower-income borrowers by permanently reducing their interest rate to approximately 2 percentage points lower than the current market rate. To learn more, visit the Dupaco website.