• Economic reward for quality loans
  • Credit enhancement income, paid monthly
  • Activity stock dividend potential
  • No secondary market fees
  • No agency Loan Level Price Adjustments (LLPAs)
  • Same-day funding

What makes MPF Traditional unique?

Risk Sharing

With MPF Traditional (125 and Original), you have added security against loan losses. After borrower equity and private mortgage insurance, MPF Traditional offers an additional layer of loss protection called the First Loss Account (FLA), which is absorbed by FHLB Des Moines.

Shared Rewards

Credit Enhancement: Credit enhancement determines the amount of support that the loan needs to meet the target credit enhancement rating. Learn More.

Activity Stock Dividend Benefit: The value of the strong FHLB Des Moines dividend combined with the CE increases the overall revenue benefit. Learn More.

Compare Master Commitment Options

MPF® Original MPF® 125
FLA The monthly accrual rate of the FLA is 4 basis points (0.04%).
The FLA starts at zero and builds over time, calculated and accrued monthly, on the outstanding principal balance of the loans in a Master Commitment.		 The amount of the FLA is equal to 100 basis points (1.00%) of the funded amount of all the loans in a Master Commitment.
CE Income Not performance-based Performance-based

Still need help? Visit our Product Comparison Page to help determine which is a good fit for you.

Mortgage Rate Relief

Mortgage Rate Relief is a voluntary program offering available exclusively through FHLB Des Moines which allows members approved for participation in the MPF program to provide an approximate 1.5% interest rate reduction targeted to households with incomes at or below 80 percent of AMI. FHLB Des Moines has committed $22 million to the program in 2025. Funding is available on a first-come, first-served basis beginning March 3, 2025. 

Learn More About Mortgage Rate Relief  

* The Mortgage Rate Relief interest rate offered by FHLB Des Moines will be approximately 1.5% below prevailing market rates at any given time.

MPF Traditional Servicing Options

Resources to keep you informed

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