Welcome Home Program

Learn more and be ready to go!

If you’re interested in buying or building a home, the Welcome Home Program (WHP) could be for you. The WHP offers grants for reasonable down payments and closing costs that buyers would incur during the purchase or construction of owner-occupied housing. This is specifically designed for low- and moderate-income homebuyers.

Current Funds Available: $30,000*

*The program will close on Tuesday, March 22, 2022, at 5:00 p.m. ET. The FHLB will continue to accept Reservation Requests until that time.

What are the details of the Welcome Home Program?

Using funds from the Affordable Housing Program, the Federal Home Loan Bank (FHLB) Cincinnati would like to help boost homeownership. The WHP funds will be available for reservation on a first-come, first-served basis beginning at 8:00 AM ET on March 1, 2022, and will remain available until all funds have been reserved. The grants are limited to $5,000 for all homebuyers and $7,500 for homebuyers who are honorably discharged veterans, active-duty military personnel, reservists, or surviving spouses of service personnel.


Who is eligible to apply?

A homebuyer would be eligible for the Welcome Home grant if all 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 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 exists
  • Homebuyers must contribute at least $500 of their own funds toward down payment and closing costs (60 percent of these funds may be received as a gift).
  • First-time homebuyers must complete a satisfactory homebuyer counseling course prior to the loan closing
  • Applicants do not have to be first-time homebuyers  

A property would be eligible if all the following guidelines are met:

  • It will be the homebuyer’s primary residence
  • It is a single family, townhome, condominium, duplex, multi-unit (up to four family units) or 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 this five- year retention period.

View the FHLB official guide here for more details regarding eligibility.

How can Heartland Bank help?

Heartland Bank is a member of the FHLB Cincinnati, and these funds are available to Heartland as grants to assist their mortgage loan applicants in the homebuying process. Homebuyers must apply with one of the FHLB member institutions. We can help you, or your client, through the entire application process.

Call (614) 490-7214 or email Mortgage@Heartland.Bank for details!


The process:

The process:


* Heartland Bank is pleased to offer the Welcome Home Program through the Federal Home Loan Bank of Cincinnati. Home buyers may qualify for up to $5,000 in grant funds (or $7,500 for honorably discharged veterans and active duty military homebuyers) through the Welcome Home Program towards a down payment and closing costs. All loans are subject to credit approval. A low contribution towards closing costs will be required from the borrower. Other terms and conditions may apply. Program subject to termination at any time.