AIDEA’s funding rates are indexed and set by 3 AAC 99.350 (e)
Fixed Rate: The Federal Home Loan Bank of Des Moines’ Fixed-Rate Advances Index that most closely matches the term of the loan plus AIDEA’s allocable cost of operations; OR the five year return on the investment funds of the authority plus AIDEA’s allocable cost of operations; whichever is greater.
Variable Rate: The Federal Home Loan Bank of Des Moines’ Fixed-Rate Advances Index that most closely matches the time period of adjustment plus 200 basis points plus AIDEA’s allocable cost of operations; OR 475 basis points plus AIDEA’s allocable cost of operations; whichever is greater.
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Loan Participation Interest Rates for the week of: January 19, 2016
Fixed Rate Options
|AIDEA Loan Term||Interest Rate|
Variable Rate Options
|Adjustment Period||Initial Interest Rate|
A. Rates quoted are funding rates only for the week shown above.
B. Funding rates for fixed interest rates are established at time of commitment by AIDEA and are good for up to 6 months on a buy/sell transaction and 1 year for new construction or rehab/remodel.
C. Variable rates are adjusted quarterly (1/1, 4/1, 7/1, 10/1), semi-annually (1/1, 7/1) and annually (1/1). Payment is adjusted concurrent with rate change to maintain amortization.
D. All funding rates shown above are taxable rates; tax exempt rates may be obtained by contacting AIDEA.
E. Rates quoted are for internally funded loans. Rates may vary for loans funded by bond issuance.
F. FHLB Seattle merged into FHLB Des Moines 5/31/2015.