FHLB Welcome Home Program Mortgage
FHLB Down Payment Assistance: 2025 Welcome Home Program Grant
Get down payment and closing cost assistance for affordable housing in your community with the FHLB Welcome Home Program Mortgage from 1st National Bank. Apply for the Welcome Home Program grant today to learn if you qualify.
About the FHLB Welcome Home Program
The FHLB Welcome Home Program grant offers grants up to $20,000 for all eligible homebuyers. The grant money can be used for down payment or closing cost assistance, making it easier for you to own a home. First, you must qualify for a mortgage loan with us.
FHLB Welcome Home Program Mortgage Eligibility & Qualification Requirements
To qualify for the grant:
- Your total household income must be at or below 80% of the Mortgage Revenue Bond (MRB) limit for the county and state where the property is located.
- You also need a fully executed purchase contract on an eligible property and at least $500 of your own funds to contribute towards the down payment and/or closing costs.
- If you are a first-time homebuyer, you need to complete a satisfactory homebuyer counseling course prior to loan closing. Note that applicants do not have to be first-time homebuyers.
- The eligible property must be your primary residence, and it can be a single-family, townhome, condominium, duplex, multi-unit (up to four-family units), or a qualified manufactured home (if taxed as real estate and affixed to a permanent foundation).
- The property must also have a legally enforceable five-year retention mechanism, which makes owning a home more secure for you and your family.
How to Apply for our FHLB Welcome Home Program Mortgage
At 1st National Bank, we’re committed to making the homebuying process as easy as possible for you. Our experienced mortgage bankers will guide you through the application process.
Contact us today to learn more about the FHLB Welcome Home Program Mortgage and take the first step towards homeownership.
Try our free Mortgage Calculators
See how much house you can afford!
Adjustable Rate MortgageThis calculator helps you to determine what your adjustable mortgage payments will be. | ARM vs. Fixed RateUse this calculator to compare a fixed rate mortgage to two types of ARMs, a Fully Amortizing ARM and an Interest Only ARM. | Bi-Weekly PaymentsUsing bi-weekly payments can accelerate your mortgage payoff and save you thousands in interest. Use this calculator to compare a typical monthly payment schedule to an accelerated bi-weekly payment. | Maximum MortgageUse this calculator to determine your maximum mortgage and how different interest rates affect your how much you can borrow. |
Mortgage APRUse this calculator to find the APR on your mortgage. | 15 vs. 30 YearUse this calculator to compare these two mortgage terms, and let us help you decide which term is better for you. | Early PayoffUse this calculator to determine your monthly payment and amortization schedule. | Mortgage PointsSave thousands of dollars in interest by increasing your monthly mortgage payment. |
Mortgage QualifierCan you buy your dream home? Find out just how much you can afford. | Refinance BreakdownShould you refinance your mortgage? Use this calculator to determine when you will breakeven. | Refinance Interest SavingsUse this calculator to see how much interest you can save by refinancing your mortgage! | Rent vs. BuyAre you better off buying your home, or should you continue to rent? |
Contact a Mortgage Banker to get started!
Ready to start your homeownership journey? Contact a 1st National Bank Mortgage Banker for personalized guidance and to see if you qualify for the HOMEPOSSIBLE Program.
*Equal Housing Lender. FHLB Participant. Not all applications will qualify. A guarantee to lend is neither offered nor implied based on this advertisement. FHLB grant money available 3/3/2025 until it runs out, typically within a few weeks. Grants are given on a first-served basis and approved by both 1st National Bank AND FHLB Cincinnati. Additional conditions may apply.
Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
