AFFORDABLE HOMEOWNERSHIP IS IN REACH


United Bank of Union is thrilled to introduce the Mortgage Rate Relief product, available for a limited time in conjunction with FHLB Des Moines. Qualified residents with a household income below $82,560* can take advantage of this offer to become homeowners or refinance their current mortgage at a rate 2% lower than the current market rate.

*May vary by county

Key Product Features

  • A 2% interest rate** reduction for eligible borrowers
  • Homeowners can utilize this product for a home purchase or refinance
  • Can be used in conjunction with Home$tart®, NAHI, or other eligible down payment programs
Key Product Requirements
  • 30-year fixed conforming conventional loans only
  • Owner-occupied 1-4 family residential properties
**The Mortgage Rate Relief interest rate offered by FHLB Des Moines will be approximately 2% below prevailing market rates at any given time.


Mortgage rate relief product
RATES AND TERMS on 30-year fixed-rate
TYPE INTEREST RATE* APR
Purchase 5.125% 5.194%
Refinance 5.125% 5.194%

*Interest rates are effective as of 06/17/2024


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Important Disclosures and Information:
Mortgage Rate Relief is a product of FHLB Des Moines. Annual Percentage Rate (APR) is accurate as of June 17, 2024 and is subject to change without notice. Your receipt of this material does not mean you have been prequalified or pre-approved for any product or service we offer. This is not a commitment to lend. Credit and collateral are subject to approval. Terms and conditions apply.