WELCOME HOME PROGRAM
The Federal Home Loan Bank of Cincinnati (FHLB) sets aside affordable Housing Program Funds to help create homeownership
and one of their offerings is the Welcome Home Program.
Welcome Home Program Funds are grants available only to banks & Credit Unions that are members of the FHLB and choose to
participate in the program.
Banks and Credit Unions can begin submitting applications for fund reservations on March 4, 2019.
Funds are available per household, on a “first come first serve” basis, as we’ve experienced in prior years, funds may only be available for a few weeks.
Approved funds are in the form of a grant, which requires a five-year retention requirement from the borrower, as identified on the deed.
Welcome Home has asked participating applicants to allow up to 4 to 6 weeks for review and approval of a fund reservation request.
Loan closings cannot be scheduled prior to receiving approval of reserved funds from the FHLB.
Area banks that are participating in the program include
Croghan Colonial Bank
Fremont Federal Credit Union
Impact Credit Union
Vacationland Federal Credit Union
The Marblehead Bank
The Genoa Banking Company
The Old Fort Banking Company
The First National Bank of Bellevue
Please out the form and we will be in touch!