Whether your funding needs are overnight or long-term, FHLBI is your source. Advances
can be fixed rate or floating rate, and can include embedded options – puts, calls, caps, etc. In addition, we offer letters of credit, overdraft lines of credit, and more, to help you manage your funding risk.
Community Investment Program
Advances and letters of credit through our Community Investment Program
are priced at cost (plus an administrative fee) to help FHLBI members ensure their communities experience steady economic growth by supporting low- to moderate-income housing, infrastructure improvements, job creation or retention, and economic development.
FHLBI’s Advantage Mortgage Purchase Program
(MPP) is a competitively priced alternative to the secondary mortgage market. Through MPP you can sell us qualified 5- to 30-year fixed rate mortgages. An added benefit is a lender risk account
(LRA) that is funded at the time of loan purchase to offset potential loan losses. If the LRA funds are not needed, they are returned to the seller over time.
We can help with your operational needs
, as well. Services such as Automated Clearinghouse, net settlement, securities safekeeping, wire transfer, and coin and currency are all conveniently handled through our secure Member Link site.