Mortgage Advances

Mortgage advances are fixed-rate advances that are repaid according to a specified schedule with a balloon payment of remaining principal at maturity.

Amortizing advances are available through the Community Investment Program (CIP) with maturities up to 20 years.

This advance:

  • Helps match the amortization characteristics of certain fixed-rate assets and
  • Can help manage difficult-to-forecast and long-term cash flows.