MPF® Conventional Loans

All Products & Programs

Advances

With fixed and adjustable rate features, FHLBank Boston’s broad range of advances offers flexible cash flow and payment options to fit members’ business goals.

Mortgage Partnership Finance

The Mortgage Partnership Finance program serves a wide range of secondary market options whether it is enhanced revenue through risk sharing or liquidity by providing ready access to the conventional and government markets.

Housing & Economic Growth

FHLBank Boston members use our suite of housing and community investment programs to expand the stock of affordable housing and promote economic development.

Letters of Credit

Financial institutions use our letters of credit to facilitate residential housing finance and community lending, improve liquidity, and meet a variety of other financing needs.

Correspondent Services

Safekeeping, wire transfer, and other correspondent services from FHLBank Boston help members improve profitability and save time managing their cash positions and securities portfolios.

Online Banking

Offering a user-friendly and intuitive experience, Online Banking enables members to initiate advances, outgoing advance wires, safekeeping trades, letters of credit, and more online.
Rates
Strategies & Insights
All Member Resources

Products & Solutions Guide

Review advance product details and information about eligible collateral, collateral evaluation, and borrowing documentation in the Products + Solutions Guide.

Forms & Applications

Find the form or application you need to effectively use our products and programs.

Capital Stock Requirements

Read about FHLBank Boston’s membership stock investment requirements to complete transactions.

Member Directory

See which banks, credit unions, and insurance companies comprise FHLBank Boston’s membership.

Policies

Learn more about how FHLBank Boston manages operational risk and supports the expansion of fair and equitable homeownership opportunities.

Collateral Overview

Before securing an advance, letter of credit, or a line of credit, get more information about pledging collateral and our collateral review process.

Amortizing Advance Rate Alert

Please note, some Amortizing Advance rate data on the downloadable rate sheets found in Rates are not updated with this afternoon’s rate changes. A small subset of Amortizing Advance rates available on the Rates page are, however, updated as of this afternoon. We are actively working with our vendor to resolve this issue and apologize for any inconvenience this may cause. In the meantime, members may email memberfunding@fhlbboston.com to request the current rates.

Features and Benefits

Whole loan execution, either single loans or pools
Receive funding the day after loan delivery
Servicing fee income
Servicing-retained or servicing-released options
After funding note certification
Electronic processing through eMPF®
Loan limits: Agency conforming
Master Commitment size: $5 million minimum, optional delivery
Maximum LTV: 95%
Product type: Fixed rate, fully amortizing
Property type: All types (except co-ops and investment)
Remittance: Actual/Actual or Scheduled/Scheduled
Term: Up to 30 years fully amortizing
Agency automated or manual underwriting per MPF guidelines

MPF Traditional

Delivery Commitments: Loan level or bulk sale transactions available
Eligible properties: Owner-occupied one- to four-family units and second homes
No loan level price adjustments
Credit Enhancement fee income paid monthly
Credit Risk Sharing: When a loan default results in a loss, the losses are shared by FHLBank Boston and the PFI

MPF Permanent Rate Buydown

An MPF Traditional sub-product specifically for borrowers with incomes up to 80% of AMI
Borrowers receive a note rate up to 2% below the prevailing market rates
FHLBank Boston funds the buydown cost
Second homes are not eligible
Separate delivery commitments required for each loan

MPX Xtra

Access to Fannie Mae products and program guidelines
Mandatory or best efforts delivery
Eligible properties: Owner-occupied, one- to-four-family units, second homes and investor properties (some restrictions apply; please contact your relationship manager for additional information)

“Mortgage Partnership Finance,” “MPF,” “eMPF,” and “MPF Xtra” are registered trademarks of the Federal Home Loan Bank of Chicago. The “MPF Mortgage Partnership Finance” logo is trademarked by the Federal Home Loan Bank of Chicago.