Welcome Home Grant

The Federal Home Loan Bank of Cincinnati (FHLB Cincinnati) provides grants of up to $20,000 for down payment and closing costs to low- and moderate-income homebuyers in Ohio, opening on April 6, 2026, at 8:00 a.m. ET. Funds are offered on a first-come, first-served basis,

 

 

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

 

1 -  Grant fund amount subject to qualifications and approval. 

 

*Federally insured by the NCUA. Equal Housing Lender. All loans subject to approval. Must be eligible for membership with Commodore Perry Federal Credit Union. To be eligible for membership, you must live, work, worship, or go to school in Ottawa County, Sandusky County, Seneca County, Hancock County, or Wood County,  Ohio, or have a family member who lives, works, worships, or goes to school in one of those counties. Call or text 419-898-3366 for more information.