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Welcome Home Program

Down payment and closing cost assistance

CFSB is a proud member of FHLB Cincinnati who offers the Welcome Home Program. The Welcome Home Program provides grants of up to $15,000 for honorably discharged veterans, active duty military, reservists, and surviving spouses of service personnel and up to $10,000 for all other homebuyers. Funds may be used for down payments and/or closing costs.
Welcome Home Program

Program Features and Qualifications

  • Eligible to receive up to $15,000 of Welcome Home Program funds*
  • Designed to assist low to moderate-income buyers achieve home ownership
  • Buyers must contribute $500 in the purchase transaction
  • Property must be used as primary residence
  • Buyer does not have to be a first-time homebuyer to be eligible for the grant
  • The grant can be used in conjunction with other programs
    • FHA, VA, THDA, and USDA/Rural Housing

*Subject to credit approval and acceptance by FHLB Cincinnati (Federal Home Loan Bank of Cincinnati), First-time homebuyers required to complete homebuyer counseling course prior to loan closing, 5 year retention agreement subject to pro rata payback if paid off early, Rates must be locked for 60 days, Funds are limited, Program acceptance is through FHLB.

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