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Products

We deliver products and outstanding, personalized service to help our members realize their liquidity and housing-related goals, including vitalizing our communities. 

Credit Products

FHLBank provides credit products for members in Delaware, Pennsylvania and West Virginia, including flexible advances, standby letters of credit, and the Mortgage Partnership Finance® Program.
 

Community Impact Credit Product Resources

Advances

At FHLBank Pittsburgh, we offer flexible terms and options help members manage liquidity, improve interest rate risk profiles and support strategies to enhance profitability.

Standby Letters of Credit

We stand behind our members' obligations by offering a number of standby LCs: LCs for public unit deposits, confirming LCs and direct pay LCs. 

Mortgage Partnership Finance® (MPF®) Program

Since its inception, the Mortgage Partnership Finance® (MPF®) Program has supported members' residential mortgage originations, offering an alternative to selling mortgages on the secondary market.

Affordable Housing Products

FHLBank supports housing initiatives through the Affordable Housing Program, funding community development; First Front Door for first-time homebuyers; and Home4Good, which aids organizations assisting individuals facing or at risk of homelessness.
 

Community Impact Housing Product Resources

Affordable Housing Program (AHP)

Grants and loans help our members partner with community developers and public agencies to create affordable housing in local communities. Each year, approximately 10 percent of net income is set aside to fund this important program.

First Front Door (FFD)

Members can open the door for first-time homebuyers through FFD. By contributing a minimum of $1,500 toward down payment and closing costs, homebuyers are eligible for a maximum FFD grant of $15,000.

Home4Good

Home4Good helps those who are homeless or at risk of homelessness by channeling dollars to local service organizations that know how to help.

Economic Development Products

FHLBank supports community and economic growth through Banking On Business, which helps small businesses access funding; the Community Lending Program for financing housing and development projects; and Blueprint Communities®, an initiative revitalizing older neighborhoods through long-term local partnerships.
 

Community Impact Development Product Resources

Banking on Business (BOB)

Delivered through members, BOB funding helps eligible small businesses that lack sufficient equity or cash flow meet lending standards. 

Community Lending Program (CLP)

Members can use CLP funding to finance bridge, construction and permanent loans that support a variety of housing and economic development projects.

Blueprint Communities®

Since 2005, this unique program has created momentum for revitalizing older communities and neighborhoods.

Bank Services

Flexible funding. Community-focused programs. Trusted banking tools.
Discover how our products and services support your institution's financial strength and community impact.

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Depository

A Demand Deposit Account (DDA) is a required cash account that facilitates a member's ability to do business with us. Additionally, we offer specialized accounts that improve our members' ability to manage their business lines and cash flows. 
 

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Electronic Funds Transfer

These services include a range of Fedwire and Automated Clearing House (ACH) settlement services that facilitate our members' ability to securely and efficiently move funds between their FHLBank Pittsburgh DDAs and external accounts. 
 

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Safekeeping

Reliable and competitively priced, our members have access to highly competent securities custodial services through JP Morgan, an industry leader in the custodial business. 
 

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Settlement

To provide flexibility for member settlement activities such as deposit, in-clearing items and other miscellaneous transactions, this service offers financial settlement, credit of availability and reconciliation of all member activities for which we are the primary correspondent.
 

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Partners, Awards and Resources

Affordable Housing Advisory Council
The 15-member Affordable Housing Advisory Council advises FHLBank Pittsburgh on its affordable housing and community development products and initiatives.

Click here to read our Affordable Housing Advisory Council’s 2024 report.
 

view our advisory council

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Helping Members Strengthen Their Communities

FHLBank Pittsburgh members, working with their community partners, can take advantage of FHLBank Pittsburgh's community investment products and initiatives to make a real difference in their own backyards.

The Targeted Community Lending Plan identifies the significant affordable housing needs located within our district.

Targeted Community Lending Plan