Mortgage Rate Reduction Product
MRRP opens for the year on April 6, 2026.
The Mortgage Rate Reduction Product provides eligible households a reduced mortgage interest rate compared to the current market rate. MRRP is possible through voluntary funds and is part of our mission of building communities together with our members. Together we can help keep homeownership affordable.
To qualify, your institution must be a Mortgage Partnership Finance® (MPF®) Program Participating Financial Institution (PFI), and the borrower households must be at or below 80% of the area median income (AMI) based on property location. Mortgage Rate Reduction funds are available exclusively with the MPF Traditional Products and are available for both the MPF Original and MPF 125 Products.
2026 Mortgage Rate Reduction Product Details
- Product opens: April 6, 2026
- Interest rate: Eligible loans will be priced below the market rate with the difference funded by FHLBank Topeka.
- PFI limit: $4 million in total loan originations
- Available on a first-come, first served basis to active PFIs who have completed training and sell into MPF Program on or before Dec. 31, 2026.
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