Madison, WI – Dupaco Credit Union is proud to partner with the Federal Home Loan Bank of Des Moines (FHLB Des Moines) to offer its Mortgage Rate Relief program. This unique program provides eligible members with an interest rate reduction on their mortgage.
The Mortgage Rate Relief program is available for eligible homebuyers, regardless of their location, and can only be applied to a new purchase.
“At Dupaco, we work one-on-one with our members, uncovering ways to save them money,” said Katrina Rickard, Sr Mortgage Lending Consultant at Dupaco’s Platteville, Wisconsin branch. “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.”
The Mortgage Rate Relief program provides $22 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 Data, by permanently reducing their interest rate by approximately 1.5 percentage points lower than the current market rate.
“The Mortgage Rate Relief product is aligned with our mission and specifically designed to support our members with the goal of improving housing affordability within their local communities,” says Dan Mahlum, FHLB Des Moines mortgage programs director.
Those interested in learning more the Mortgage Rate Relief program and the program’s eligibility guidelines should contact Dupaco at 800-373-7600 ext. 204.
