Welcome Home Fund Grants

Welcome Home Fund Grants is sponsored by Midwest Community FCU (in partnership with Federal Home Loan Bank of Cincinnati). The Welcome Home Fund Grant program provides up to $20,000 for homebuyers towards the down payment and/or closing costs of their new home. It is offered through participating credit unions like Midwest Community FCU, in partnership with the Federal Home Loan Bank of Cincinnati.

Welcome Home Fund Grants - Midwest Community Having trouble? Click here for direct access Show Related Links & Page Options Welcome Home Program 2026 The Welcome Home Fund Grant program provides a grant up to $20,000 for homebuyers 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.

Welcome Home Funds are no longer available for the 2026 season. Thank you for your continued interest! Midwest Community FCU works with the Federal Home Loan Bank of Cincinnati to offer our qualifying members 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 $20,000 per home, based on documented need. Welcome Home funds are available on a first-come, first-served basis, but only to the extent funds are available through the Federal Home Loan Bank.

Our Real Estate Financial Representatives will be able to answer additional questions about qualifications and grant availability. Midwest Community FCU has $600,000 of Welcome Home funds to distribute. All first-time homebuyers must complete a homebuyer counseling program (but you don’t have to be a first-time homebuyer to participate).

Homebuyers must contribute at least $500 of their own funds toward down payment and closing costs (60% of these funds may be received as a gift). All funds are reserved for specific homebuyers purchasing specific homes and can not be transferred to other homebuyers or to other homes. Welcome Home Grant Funds can be used with FHA, USDA, VA, Home Ready, and other Conventional products.

Homebuyers must remain in the home for 5 years or prorated repayment of the grant may be required. More information from the Federal Home Loan Bank of Cincinnati can be found at https://www. fhlbcin.

com/housing-programs/welcome-home-program/ . Download This PDF for More Information $20,000 to use towards your down payment and/or closing costs You can use this for all of your closing costs. Whatever funds are left over can be used to pay down the principal balance of your loan.

You can use these funds even when the sellers are paying your closing costs for you. We simply apply the remaining funds to pay down the principal balance of your loan. You can use these funds in conjunction with other grant fund programs.

You can use these funds even if you have a down payment of your own. While you do not have to maintain a certain credit score to qualify for Welcome Home Funds, you must be approved for a mortgage loan. This usually requires at least a 600 credit score.

You have to use at least $500 of your own money in the transaction. For example, if you’ve already put down $500 in earnest money for your home purchase, that is all you need. You have to live in the home for at least 5 years.

If you don’t, when you sell your home at a profit, Welcome Home will prorate the funds you have to pay back. You have to obtain home buyers counseling only if you are a first-time homebuyer — this is FREE with the Credit Union and can be done in our office or at home. This online course requires some reading and a small quiz.

Once complete, you will get a certification to print and file. You do NOT have to be a first-time home buyer. Your earnings must fall below median income guidelines.

Retention language must be added to the warranty deed explaining the five year retention period. County 1-2 Persons 3+ Persons Click here for additional county income limits. Chart is for 2026 Limits.

Fill out the form below, and one of our Real Estate Financial Service Reps will contact you shortly! State / Province / Region Preferred Method of Contact * Phone Email What are you contacting us about?

* Traditional Mortgages Adjustable Rate Mortgages Construction Loans Home Equity Loans Home Equity Line of Credit First-Time Home Buyer Welcome Home Funds Other For the best ways to contact us about specific issues, please select a topic from the drop down menu. Are you currently a member of the credit union?

House Affordability Calculator House Affordability Calculator 5 Ways A Good Credit Score Is Your Safety Net Imagine the possibilities. At Midwest Community, we are well-known for advancing our employees and promoting from within at all levels of the organization. Take the first step in starting your career and grow with us!

Float Member Service Representatives – may have days scheduled at any location (Defiance, Bryan, Napoleon). Computer literacy is required and cash handling or banking experience is preferred. Please see the job overview for a list of duties.

Starting pay is $18. 56 an hour $20. 89 an hour after 180 days of service $23.

21 an hour after 1 year of service Resumes may be submitted to Andrew Scharlacken at ascharlacken@midcomm. org . All are welcome.

Midwest Community Federal Credit Union is an Equal Opportunity Employer. Unfortunately, there are no openings at this time.