FHLBank Des Moines Native American Homeownership Initiative (NAHI)

What is FHLBank Des Moines Native American Homeownership Initiative (NAHI)?

FHLBank Des Moines Native American Homeownership Initiative (NAHI) is a grant for homebuyers in Missouri, administered by Federal Home Loan Bank of Des Moines (through participating member financial institutions).

• The Native American Homeownership Initiative (NAHI) is a down payment and closing cost assistance grant program from FHLBank Des Moines for qualifying Native (American Indian, Alaska Native, and Native Hawaiian) homebuyers across the FHLBank Des Moines district, which includes Missouri. Grants are accessed through participating member financial institutions on a first-come, first-served basis.
• Grant of $25,000 per household toward down payment and closing costs for qualifying Native homebuyers.
• Funding comes from FHLBank Des Moines Affordable Housing Program (AHP) set-aside.

How much assistance does it provide?

FHLBank Des Moines Native American Homeownership Initiative (NAHI) offers up to $25,000 in assistance.

• The program can be combined with other assistance, subject to the rules of each.
• Amounts are the program's published maximums, not an offer — Federal Home Loan Bank of Des Moines (through participating member financial institutions) determines any individual award.

Do you have to pay it back?

FHLBank Des Moines Native American Homeownership Initiative (NAHI) is structured as a grant, so it is not repaid.

• Repayment is triggered by Prorated repayment if home sold within 5 years (forgiven for sale at a loss, sale to another LMI buyer, or foreclosure).
• Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

FHLBank Des Moines Native American Homeownership Initiative (NAHI) is open to buyers who will live in the home as their primary residence.

What are the income limits?

FHLBank Des Moines Native American Homeownership Initiative (NAHI) limits household income to 80% of the area median income, which varies by county and household size.

• Income-eligible owner-occupant households at or below 80% of area median income (size-adjusted).
• Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Is there eligibility for specific groups?

FHLBank Des Moines Native American Homeownership Initiative (NAHI) names American Indian and Alaska Native buyers among the groups it serves.

• Being named here means the program mentions the group, not that membership alone qualifies an applicant — the rest of the eligibility rules still apply.

Where does it apply?

FHLBank Des Moines Native American Homeownership Initiative (NAHI) serves buyers purchasing anywhere in Missouri.

How do you apply?

Applications for FHLBank Des Moines Native American Homeownership Initiative (NAHI) go through Federal Home Loan Bank of Des Moines (through participating member financial institutions), which publishes the current terms and the application steps on its own site.

1. 1

   Take a homebuyer education course

   Required by the program before funds are reserved.

2. 2

   Contact Federal Home Loan Bank of Des Moines (through participating member financial institutions) to reserve funds

   Funds are reserved with the provider and are subject to availability.

3. 3

   Work with a lender who handles the program

   Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.