Advantage MPP

Federal Home Loan Bank Indianapolis offers members a competitively priced alternative to the secondary mortgage market.

Advantage MPP

The Potential to Recognize Additional Revenue

FHLBank Indianapolis offers members a competitively priced alternative to the secondary mortgage market that can generate additional income while providing reduced interest rate risk and balance sheet flexibility. Our Advantage Mortgage Purchase Program (Advantage MPP) provides members the ability to sell qualified 5-to-30-year conforming, fixed-rate mortgages with LTVs up to 97% at a competitive rate with potential to recognize additional revenue if the loans perform well.

Why Do Participating Members Like Advantage MPP?

  • Simple pricing structure – only one loan level price adjustment in the program (certain cash-out refinances).
  • Competitive pricing, selling and delivery through a secure internet connection.
  • Both servicing retained and released options.
  • Lender Risk Account – no other secondary market program rewards a seller for making good-quality loans.
  • Excellent customer service – our Advantage MPP team is committed to quickly and effectively addressing your mortgage selling needs.

And one of the most important reasons to join Advantage MPP? All of the loans FHLBank Indianapolis purchases from its members become earning assets. We don't securitize them to sell on the secondary market. That means that our members benefit from the income produced in the form of dividends on their FHLBank Indianapolis stock.

NEW! Rate Advantage Program for below-market rates

The Rate Advantage Program is now available to all members approved to sell loans through the Advantage Mortgage Purchase Program and will include a $10,000 incentive paid for each qualifying below-market conventional loan. After the initial launch of $1 million in funds was quickly depleted, the Bank's Board of Directors approved adding $3 million more in first-come, first-served funds.

Check the following links for more information:
Rate Advantage Program Guide
Rate Advantage Program FAQs
Video: Rate Advantage Program LAS changes
Rate Advantage eligibility check form