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PERSONAL
Mortgage Rate Relief



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    Cut your interest rate by ~1.5%

    Are current mortgage rates making you hesitant to buy? Minnwest Bank, in partnership with the Federal Home Loan Bank of Des Moines are proud to offer Mortgage Rate Relief, a product designed to help make your dream of homeownership a reality. This product is open to qualified first-time and existing homebuyers - reach out to your local Mortgage Banker to find out if you qualify for this valuable opportunity. 

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    Slash your rate

    With an approximately 1.5% interest rate reduction1 for qualified borrowers, resulting in thousands of dollars in savings over the life of your loan

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    Flexible use

    Mortgage Rate Relief can be used for the purchase of your first home, your step-up home, or your dream home, ensuring you can receive this valuable support no matter where you are at in your homeownership journey

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    Combine grants for more support

    Mortgage Rate Relief can be used in conjunction with other eligible down payment programs

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    Make sure you qualify

    Income, credit, and loan restrictions apply2. Generally, income must be below 80% of your area's median, and your credit score above 680. For specific cutoffs for your area, reach out to your local Minnwest Mortgage Banker

    Limited funds are available, and expected to go fast!

    Don't delay - reach out to a Minnwest Mortgage Banker today to get started.

     

    1Qualified applicants will receive an approximate 1.5% interest rate reduction below the current market rate. See the Federal Home Loan Bank's website for an approximate interest rate

    2All owner/occupant’s income must be considered when determining your eligibility for this interest rate reduction
    product. This includes any income you may have above what is used to qualify for the mortgage loan. Mortgage must be for an owner-occupied 1-4 family residential property and be a 30-year fixed conforming conventional.