MADISON, Wisc.—Dupaco Credit Union is partnering with the Federal Home Loan Bank of Des Moines (FHLB Des Moines) to offer Mortgage Rate Relief, a housing affordability initiative that supports income-qualified homebuyers by permanently reducing mortgage interest rates by up to 1.5% below the current market rate. The interest savings can be the difference in making the dream of homeownership a reality.
Introduced in 2024, the Mortgage Rate Relief program continues to make a meaningful impact across the region. Since its launch, Dupaco has been selected to participate in this program and has already applied more than $9.3 million in grant funds to credit union members’ home loans. For 2026, Dupaco has been awarded $6 million in additional funding to help even more eligible members purchase homes.
“Every day, we meet members who are working hard to build financial stability for themselves and their families,” said Brian Henneger, VP, Mortgage Lending at Dupaco’s Mineral Point Rd branch in Madison. “Programs like Mortgage Rate Relief open doors that might otherwise stay closed. Permanently lowering interest rates for eligible borrowers doesn’t just make homeownership more attainable—it creates long‑term savings that strengthen their financial lives well into the future.”
The Mortgage Rate Relief program offers qualified homebuyers a special rate as low as 4.967% APR*. This is up to 1.5% below the current market rate.
“Our goal is always to provide our members with innovative tools and resources that make a real difference,” said Dan Mahlum, mortgage programs director at FHLB Des Moines. “This partnership strengthens our ability to support our members as they work to address housing affordability challenges and meet the needs of their customers.”
For more information, call 800-373-7600 ext. 204.
*Additional eligibility guidelines apply. Rate effective as of 3/2/2026. All loans subject to approval. Rate, terms and conditions are subject to change. Equal Housing Opportunity.
