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Pioneer Bank, in partnership with the Federal Home Loan Bank of Des Moines, is excited to bring back the Mortgage Rate Relief Program—a unique opportunity designed to make homeownership more affordable for qualifying families.

Imagine securing a mortgage with an interest rate approximately 1.5% lower than the current market rate. That’s real savings that can help make your dream home a reality or provide relief on an existing mortgage.

Here’s everything you need to know to take advantage of this fantastic program:

Do I Qualify?

The Mortgage Rate Relief Program is available to homebuyers or current homeowners who earn up to 80% of the area median income (AMI), as defined by the Federal Housing Finance Agency's Underserved Areas Data.

How Much Relief Can I Get?

Eligible applicants can secure a 1.5% interest rate reduction on a 30-year fixed-rate mortgage—while program funds last.

What Types of Homes Are Eligible?

The property you are looking to purchase must be your primary residence and a 1-4 single-family unit property.

Why This Matters

Pioneer Bank is proud to work with FHLB Des Moines to support the financial wellness of our community.

Take the first step toward mortgage savings today. Contact Pioneer Bank to learn more and see if the Mortgage Rate Relief Program is right for you.