- Letters of Credit (LOC)
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What Can Be Pledged
FHLB Des Moines accepts many types of collateral from its members and housing associates. Tools available to assist members in determining collateral eligibility are listed below.
Prior to pledging one to four second lien residential mortgages or Home Equity Line of Credit (HELOC) that utilize a LPP versus traditional title work, please provide information on the LPP to the Collateral Department.
Applicable Type Codes: 1414, 1423, 1424