Making home happen.
Our experienced, friendly and fast mortgage teams serve Wyoming and Montana when it comes to providing home loans. We offer a variety of loan programs, refinancing options and services to get you started on the road to homeownership.
Mortgage Rate Relief Product
5.125% Interest Rate
5.255% APR* for qualified homebuyers
Offered in Partnership with the Federal Home Loan Bank of Des Moines
*This product is only available first-come, first-served for a limited time for the 30-Year Fixed Mortgage Rate Relief product. Loan example — for a 30-Year Fixed Mortgage Loan with a loan amount of $320,000, an annual percentage rate (APR) of 5.255% and interest rate of 5.125%, your monthly payments would be $1,742.36. Monthly payments exclude taxes and insurance. Rate effective 3/31/2025. Loans are subject to borrower/property qualification. This is not an offer of credit or commitment to lend.
How do I qualify?
Mortgage Rate Relief is available to homebuyers earning up to 80% of area median income (AMI), determined by the Federal Housing Finance Agency’s Underserved Areas Data.
All owner/occupant’s income must be considered when determining eligibility for this interest rate reduction product. This includes any income you may have above what is used to qualify for the mortgage loan.
How much will this lower my mortgage interest rate?
Qualified applicants will receive an approximate 1.5% interest rate reduction below the current market rate. This interest rate reduction only applies to 30-year fixed-rate mortgage loans.
Are there any restrictions on the type of home I may purchase?
Mortgage Rate Relief may be used to purchase your primary residence and must be a 1-4 unit residential property. There are no neighborhood restrictions (i.e., type or location).
How do I apply for mortgage rate relief?
Contact your mortgage lender to verify your eligibility for Mortgage Rate Relief and to explain the program in greater detail.
Who is the FHLB Des Moines?
The Federal Home Loan Bank of Des Moines (FHLB Des Moines) is one of 11 regional Banks that make up the Federal Home Loan Bank System. As a member-owned cooperative, we work with more than 1,200 financial institutions to support mortgage lending, economic development and affordable housing. Our members include community and commercial banks, credit unions, insurance companies, thrifts and community development financial institutions.
FHLB Des Moines is a bank for financial institutions. This product is made available to you through your participating mortgage lender!
Fixed Rate Loans
Fixed rate mortgages are the most popular type of home loan in the U.S. The interest rate and monthly principal and interest payment will stay the same throughout the life of the loan. Payments are amortized over a specific term, so you’ll know exactly when the loan is scheduled to pay off.
First-Time Homebuyer
Buying your first home is an exciting milestone. First-Time Homebuyer loans are designed to help eligible borrowers purchase their first home by offering low down payments and interest rate financing. Homebuyer education is typically required for qualification.
Adjustable-Rate Mortgage (ARM) Loans
Borrowers who plan to stay in their home short-term, want to take advantage of their home’s equity or consolidate debt, may want to consider an ARM. These loans often have lower interest rates during the initial fixed rate period. Monthly principal and interest payments can increase or decrease when the fixed rate period ends.
VA Loans
The Department of Veterans' Affairs (VA) has a loan program for eligible veterans, current servicemembers, and surviving spouses. These loans tend to have more flexible credit requirements and are available with low or zero down payments.
FHA Loans
For borrowers with lower credit scores or a smaller down payment, FHA loans may be the cheapest option. FHA loans are regulated and insured by the Federal Housing Administration (FHA).
Home Equity Loans
Home equity loans allow you to borrow against the equity in your home. Equity is the difference between the current value of your home and any existing mortgage against it. These loans can help qualified borrowers finance home improvements or consolidate debt.
Single-Close Construction Loans
Only pay closing costs once with a Single-Close Construction loan. We pay your contractor quickly using our convenient draw request software. When construction is complete, you don’t need to re-qualify for financing. Through this program, the construction loan will convert to a permanent mortgage. If you're not ready to build yet, ask about our lot loan financing.
Lot & Land Loans
Land or lot loans are a good choice for future home builders who aren’t ready to start construction immediately. If you’re still getting your home plans together, financing the land purchase first may be in your best interest.
Jumbo Loans
If you’re buying a home in a high-priced market, you may need a jumbo loan. Also called non-conforming loans, these mortgages exceed lending limits set by the Federal Housing Finance Agency (FHFA). They can have stricter requirements than other mortgages and typically have higher down payments.
ATM FEE REFUNDS
We reimburse fees up to $10/month*
*Fees will be refunded to your account on a monthly basis. No receipts required. Monthly basis refers to a period beginning one (1) banking day prior to the first day of the current statement cycle through one (1) banking day prior to the last business day of the current statement cycle. Use MoneyPass® ATMs without paying a surcharge.