Currently the ARP is closed. Information about a reopening date will be provided when available.
 
FHLB Cincinnati’s Affordable Rate Program (ARP) is aimed at promoting housing affordability for low-income homebuyers through the Mortgage Purchase Program (MPP). The ARP offers up to 2 percent lower note rates on MPP loans to income-eligible borrowers, making homeownership more affordable.
 
Program details and requirements include:
•    The ARP rate will be up to two percentage points below market rates. Contact our MPP department for current rates.
•    Borrowers must have incomes at or below 80 percent of the FHFA Area Median Income.
•    Properties must be for a primary residence. Second homes are ineligible.
•    Both purchase and refinance transactions are eligible.
•    Participation is limited to members that have received Participating Financial Institution (PFI) approval and have an open Master Commitment Contract through MPP.
•    Subsidy is available on a first come, first served basis.
 
For more information on participating in the ARP or becoming an MPP seller, please contact our MPP department at mpp@fhlbcin.com.