Up to 1.5% lower rate

Mortgage Rate Relief

Lower Your Mortgage Rate. Open the Door to Homeownership.

Deerwood Bank has partnered with the Federal Home Loan Bank of Des Moines (FHLB Des Moines) to offer Mortgage Rate Relief, a housing affordability program designed to help income‑qualified homebuyers reduce their mortgage interest rate by up to 1.5% below the current market rate.

The reduced interest rate is fixed for the entire 30‑year loan term, providing long‑term payment stability and peace of mind. For many buyers, that means lower monthly payments, greater purchasing power, and a clearer path to homeownership.

Complete the form below to find out if you’re eligible.

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