Affordable Rate Program Returns for 2026

FHLB Cincinnati’s Affordable Rate Program (ARP) is once again available to users of our 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 to low- and very low-income families.
 
Program details and requirements for the 2026 offering include:

• The ARP rate will be up to two percentage points below market rates. Contact our MPP department for current rates.
• Household income must be less than or equal to 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.
• To provide all PFIs an opportunity to participate in the ARP, an initial PFI subsidy cap of $1 million has been established. The cap may be increased or lifted based on utilization.
• Subsidy is available on a first come, first served basis.
• Subsidies must be disbursed by December 31, 2026.

As of today, the FHLB has allocated approximately $15.0 million in subsidy to the ARP. For more information on the program or to participate, please contact our MPP department at mpp@fhlbcin.com.