FHLBank Des Moines Home$tart Down Payment Program

FHLBank Des Moines Home$tart Down Payment Program is a grant for homebuyers in Statewide, Wyoming, administered by Federal Home Loan Bank of Des Moines (via member institutions). Home$tart provides eligible first-time homebuyers a $15,000 grant for down payment and closing costs (plus up to $250 for homebuyer education), delivered by FHLB Des Moines member institutions in the Bank's district (which includes Wyoming). The grant is secured by a 5-year self-extinguishing deed restriction and forgiven pro rata over 60 months. $15,000 grant toward down payment and closing costs. Layerable. May be any lien position. Funding comes from FHLB Des Moines Affordable Housing Program.

FHLBank Des Moines Home$tart Down Payment Program offers up to $15,000 in assistance. Amounts are the program's published maximums, not an offer — Federal Home Loan Bank of Des Moines (via member institutions) determines any individual award.

FHLBank Des Moines Home$tart Down Payment Program is structured as a grant, so it is not repaid. Repayment is triggered by Sale, refinance, or loss of owner-occupancy within the 5-year deed-restriction term (forgiven pro rata over 60 months). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

FHLBank Des Moines Home$tart Down Payment Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Has not owned a home in the last three years. A homebuyer education course is required. At or below 80% AMI; first-time homebuyer (no ownership in last 3 years); complete homebuyer education before closing; delivered through an FHLB Des Moines member bank.

FHLBank Des Moines Home$tart Down Payment Program limits household income to 80% of the area median income, which varies by county and household size. At or below 80% of area median income by household size and county; includes all current and intended household members. The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

FHLBank Des Moines Home$tart Down Payment Program can be used for Single Family, Manufactured, and 2-4 Unit. New construction is eligible. Manufactured homes are eligible.

FHLBank Des Moines Home$tart Down Payment Program serves homebuyers purchasing in Statewide, Wyoming.

Applications for FHLBank Des Moines Home$tart Down Payment Program go through Federal Home Loan Bank of Des Moines (via member institutions), which publishes the current terms and the application steps on its own site. Funds are reserved through Reservations via DP Online (eAdvantage) by member bank prior to closing; 2026 round Jan 2 - Dec 31, 2026. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.