The Welcome Home Program (WHP) begins March 1, this amazing program offers grants to fund reasonable down payments and closing costs incurred in conjunction with the acquisition or construction of owner-occupied housing by low- and moderate-income homebuyers. The grants are limited to $7,500 for homebuyers who are honorably discharged veterans or active duty military personnel and $5,000 for all other homebuyers.
Welcome Home Program 2021
The Welcome Home Fund Grant program provides a grant for qualified homebuyers with up to $5,000 of assistance towards the down payment, and/or closing costs of their new home. This is a tremendous opportunity for anyone who has ever dreamed of owning a home, or someone who is looking to purchase a new home. The program opens this year on March 1st, 2021.
Program Information
Valley Central Bank works with the Federal Home Loan Bank of Cincinnati to offer our customers Welcome Home Fund grants. Welcome Home funds may be used to fund reasonable down payments and closing costs for low and moderate income homebuyers. Homebuyers may qualify for and use amounts up to a maximum of $5,000 per home, based on documented need. However, honorably discharged veterans, active duty military, reservists, and surviving spouses of service personnel may receive Welcome Home grants up to $7,500. Welcome Home funds typically become available in early spring and are available on a first-come, first-served basis, but only to the extent funds are available through the Federal Home Loan Bank. Funds are typically depleted by late spring. Our Mortgage Loan Officers will be able to answer additional questions about qualifications and grant availability.
Details
Welcome Home Grant Facts
$5,000 to use towards your down payment and/or closing costs
Credit Scores
Stipulations
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