Make yourself at home.

Welcome Home Program

The Welcome Home program (WHP) offers grants of up to $25,000 for honorably discharged veterans, surviving spouses of military personnel, and active duty military homebuyers and up to $20,000 for all other homebuyers to assist with down payment and closing costs for income-eligible homebuyers. Homebuyers must apply and qualify for a mortgage loan with one of our Mortgage Experts to utilize the grant.

Am I an Eligible Homebuyer?

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; Our Mortgage Experts can help you determine your limit. Our Mortgage Experts can help you find your area's income limits.
• 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 the down payment and/or closing costs;
• If you are a first-time homebuyer (typically anyone who has not owned a home in the last three years), you must complete a satisfactory homebuyer counseling course before the loan closing.
• Applicants do not have to be first-time homebuyers.

Is the Property I'm Purchasing Eligible?

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);
• 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.

How Do I Get Started?

If you're interested in reserving funds, we encourage you to get pre-approved before opening day registration. This allows our Mortgage Experts to register and reserve funds if you qualify. Funds will be available for reservation on a first-come, first-served basis beginning at 8:00 am ET on March 1, 2024, and will remain available until all funds have been reserved. 

Contact one of our Mortgage Experts for more details and to start the pre-approval process!

*Down payment requirements are subject to mortgage type. Program eligibility is conducted and verified by Croghan Colonial Bank before submitting a fund reservation request. This list does not represent all program qualification requirements. Final approval is determined by the Federal Home Loan Bank (FHLB). All loans are subject to approval.