Peoples Savings Bank – Federal Home Loan Bank Grant Program

This program provides eligible applicants with up to $5,000 grant to apply towards the down payment, closing costs, or other expenses in connection with the purchase of an owner-occupied home. Peoples Savings Bank was awarded funds for this program from the Federal Home Loan Bank of Des Moines Strong Communities Fund.

General guidelines for the program are as follows:

  • Applicants may not own, or be an investor in, another residence even if that residence is currently rented.
  • Income limitations apply.

Other requirements apply, so please contact Peoples Savings Bank at 641-393-2301 or for details.