Federal Home Loan Bank of Dallas is a member-owned cooperative providing liquidity, credit products, and affordable housing grants to ~800 financial institutions across five states.
Editorially reviewed by Harvey Brooks
The Federal Home Loan Bank of Dallas (FHLB Dallas) is a member-owned cooperative chartered to support housing and community development across Arkansas, Louisiana, Mississippi, New Mexico, and Texas. As of December 31, 2025, FHLB Dallas holds $108.5 billion in total assets and serves approximately 800 member institutions and associated financial organizations. It operates as an intermediary between the Federal Home Loan Bank System and regional banks, credit unions, and other lending institutions.
FHLB Dallas offers competitively priced advances (loans) to members for liquidity needs, balance sheet structuring, and community development. Members gain access to the secondary mortgage market through the Mortgage Partnership Finance (MPF) Program, allowing sale of conforming fixed-rate mortgages. The bank also provides operational services including wire transfers, securities safekeeping, collateral management, and demand deposit accounts. Beyond credit products, FHLB Dallas administers specialized grant programs funded by member contributions, including the Affordable Housing Program (AHP), Partnership Grant Program (PGP), Down Payment and Closing Cost Assistance, Disaster Rebuilding Assistance, Small Business Recovery Grants, and the Heirs' Property Program.
FHLB Dallas distinguishes itself as a cooperative structure owned by its member institutions rather than shareholders, meaning earnings are returned to members or reinvested in community programs. The organization combines wholesale banking functions with community development focus, allocating substantial grant funding annually—$17 million for down payment assistance, $3.5 million for disaster rebuilding, and $10 million for resilient roofing in 2026. This hybrid model positions FHLB Dallas as both a financial utility and a community development intermediary.
However, FHLB Dallas is not a consumer lender—it serves only member institutions (banks, credit unions, thrifts), not individual borrowers. Consumers cannot apply directly for loans or assistance; they must work through member institutions. Additionally, FHLB Dallas's grant programs are distributed through members and partner organizations, requiring institutional intermediaries. Geographic service is limited to five states, and eligibility for specific programs varies by member bank participation and program criteria.
Yes. Federal Home Loan Bank is a registered company headquartered in 8500 Freeport Pkwy # 600, Irving, TX 75063. They hold a NR rating with the Better Business Bureau.
CreditDoc Diagnosis
FHLB Dallas is designed for financial institutions and member banks seeking wholesale capital, liquidity solutions, and community development infrastructure—not individual consumers. Consumers benefit only indirectly through member institutions that participate in FHLB Dallas grant and lending programs, making direct access impossible.
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