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Welcome Home Grant Program

Welcome Home Program (WHP) 

The Welcome Home Program (WHP) is back and better than ever in 2024.

The WHP is offering grants for eligible homebuyers up to $20,000. For honorably discharged veterans, surviving spouses of military personnel, and active duty military homebuyers, grants are available up to $25,000. The grant can cover down payments and closing costs associated  with the purchase of the qualified homebuyers primary residence. 

The WHP will open on Friday, March 1, 2024 at 8 am.  Funds will be on a "first-come, first-serve" basis and will be available until all funds have been reserved. To reserve funds, you MUST have a property address to purchase. Income requirements apply for home buyers. 

Contact any of our CNB lenders to find out if you qualify for the WHP grant. 

Who are Eligible Homebuyers?
A homebuyer would be eligible for the Welcome Home grant if all of the following guidelines are met:
  • The total income for all occupants who will reside in the home is at or below 80 percent of the Mortgage Revenue Bond (MRB) limit for the county and state where the property is located;
  • A fully executed (signed by buyer and seller) purchase contract on an eligible property is in hand;
  • The homebuyer has at least $500 of their own funds to contribute towards down payment and/or closing costs; and,
  • If a first-time homebuyer (typically anyone who has not owned a home in the last three years), a satisfactory homebuyer counseling course is completed prior to the loan closing. Note: Applicants do not have to be first-time homebuyers.
What is an Eligible Property?
A property would be eligible if all of the following guidelines are met:
  • The property will be the homebuyer’s primary residence;
  • The property is a single family, townhome, condominium, duplex, multi-unit (up to four family units) or a qualified manufactured home. (Manufactured homes may be eligible if they are taxed as real estate and affixed to a permanent foundation); and,
  • The property is subject to a legally enforceable five-year retention mechanism, included in the Deed or as a Declaration of Restrictive Covenants to the Deed, requiring the FHLB Cincinnati be given notice of any refinancing, sale, foreclosure, deed in-lieu of foreclosure, or change in ownership during the five year retention period.