Welcome Home Program

Affordable Housing Grant for 2024 - Reservations are CLOSED!

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.

What are the details of the Welcome Home Program?

The Federal Home Loan Bank of Cincinnati (FHLB Cincinnati) offers grants limited to a minimum of $10,000 and up to a maximum of $25,000 for homebuyers who are honorably discharged veterans, active-duty military personnel, reservists, or surviving spouses of service personnel, and a minimum of $10,000 up to a maximum of $20,000 for all other homebuyers through the Welcome Home Program. Homebuyers must apply and qualify for a mortgage loan with a Member financial institution to utilize the grant. Welcome Home funds will be available for reservation on a first-come, first-served basis beginning at 8:00 a.m. ET on March 1, and will remain available until all funds have been reserved.

Who can take advantage of the Welcome Home Program?

The FHLB has established a set-aside of Affordable Housing Program (AHP) funds to help create homeownership. These funds are available to members as grants to assist their mortgage loan applicants in the home buying process. This is our most widely used program, ideally suited to the needs of community lenders and their customers. View all requirements here


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.

Please call (614) 490-7214 or email Mortgage@Heartland.Bank for more information!


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 $20,000 in grant funds (or $25,000 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.