Program Benefits
We partner with Federal Home Loan Bank of Chicago to provide flexible secondary market solutions to help your institution increase profitability – no matter the size of your organization. By selling mortgage loans to us, you can increase balance sheet liquidity and minimize the risks associated with holding fixed-rate mortgages in portfolio. The interest rate and prepayment risks are transferred to FHLBank Boston.
What We Offer:
Conventional
We offer products that allow you to sell your eligible secondary market conforming loans to us.
Government
You can sell fixed-rate mortgage loans that are insured or guaranteed by government agencies to FHLBank Boston.
Permanent Rate Buydown
This product enables members to originate 30-year mortgages at interest rates up to 2% lower than the market rate to homebuyers earning up to 80% area median income. Members can then sell those loans to the MPF Program to receive a premium reflecting a market-rate loan.
Learn More About This Product:
Recorded Training
View this recorded webinar which explains the product’s key benefits and provides instructions on how to use it.
FAQs
Review details about the product’s underwriting requirements through these Frequently Asked Questions.
Permanent Rate Buydown Video
Hear how a Vermont credit union used the Permanent Rate Buydown product to help a local homeowner reduce his monthly mortgage payments.
Manage Your Credentials
MPF Program participants can manage user credentials online. We’ve put together frequently asked questions to help you navigate through the process of managing delegations of authority online.
Need More Information?
Contact Member Services at 800-357-3452 or:
“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.