07/12/2017 21:53:09

Mortgage Lending Services Distributed $60,000 in Home$tart® Funds

PLYMOUTH, Minn., Dec. 07, 2017 (GLOBE NEWSWIRE) -- Mortgage Lending Services has partnered with the Federal Home Loan Bank of Des Moines to distribute over $60,000 in Home$tart® funds. The Iowa-based grant program provides funding and liquidity to its financial partners to ensure they can meet the housing, economic development and business needs in the communities they serve.

As an organization committed to meeting each of its homebuyers’ needs, Mortgage Lending Services utilizes the Home$tart grant to assist in down payment and closing costs for eligible households earning up to 80 percent of their community’s median income. Per qualifying household, Mortgage Lending Services can distribute up to $7,500 in Home$tart funding. Once the mortgage loan has closed, FHLB of Des Moines reimburses Mortgage Lending Services.

“Our partnership with FHLB of Des Moines allows us to deepen our client service,” said Nathan Grunzke, Executive Vice President of Mortgage Operations. “Not only do we guide clients through the process of making a house their home, but we also can help reduce their purchasing expenses thanks to the financial support we’ve received from this grant.”

Mortgage Lending Services looks forward to distributing additional grants to qualifying homebuyers with the help of FHLB of Des Moines in 2018.

About Mortgage Lending Services

Mortgage Lending Services, LLC., is a TruStone Financial company dedicated to providing mortgage financing throughout Minnesota and Wisconsin. Mortgage Lending Services, LLC. was founded in 1986 and is headquartered in Plymouth, Minnesota. To learn more about the mortgage products and services offered, visit www.MLServices.com.

Contact: Katie Grindeland, Senior Vice President, Director of Marketing and Communications

Phone: 763.595.4002

Katie.Grindeland@TruStone.org

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