Welcome Home Program

Welcome Home Program is sponsored by F&M Bank. Offers grants for low to moderate-income homebuyers to assist with down payments and closing costs.

Welcome Home Program | F&M Bank FDIC-Insured—Backed by the full faith and credit of the U.S. Government Grants for low to moderate income homebuyers. You work hard so you can live your best life. So do we.

F&M Bank is proud to partner with the FHLB to offer our customers Welcome Home Fund grants – which can be used to fund reasonable down payments and closing costs for low and moderate income homebuyers. Welcome Home funds will be available for reservation on a “first-come, first-serve” basis on April 6, 2026, and will remain available until all funds have been reserved.

Homebuyers are limited to a minimum of $10,000 up to a maximum of $20,000. As we’ve experienced in the past, funds may be available for only a few weeks. Borrowers must complete an application, provide income documentation and have an executed purchase agreement before submittal.

Welcome Home Income Limits Frequently Asked Questions A homebuyer would be eligible for the Welcome Home grant if all of the following guidelines are met: The total income for all occupants who will reside in the home is at or below 80 percent of the Mortgage Revenue Bond (MRB) limit for the county and state where the property is located; A fully executed (signed by buyer and seller) purchase contract on an eligible property is in hand; The homebuyer has at least $500 of their own funds to contribute towards down payment and/or closing costs; and, If a first-time homebuyer (typically anyone who has not owned a home in the last three years), a satisfactory homebuyer counseling course is completed prior to the loan closing.

Note: Applicants do not have to be first-time homebuyers. A property would be eligible if all of the following guidelines are met: The property will be the homebuyer’s primary residence; The property is a single family, townhome, condominium, duplex, multi-unit (up to four family units) or a qualified manufactured home.

(Manufactured homes may be eligible if they are taxed as real estate and affixed to a permanent foundation); and, The property is subject to a legally enforceable five-year retention mechanism, included in the Deed or as a Declaration of Restrictive Covenants to the Deed, requiring the FHLB Cincinnati be given notice of any refinancing, sale, foreclosure, deed in-lieu of foreclosure, or change in ownership during the five year retention period.

Please contact your local F&M Bank Home Loan Originator for more details! Funds will be available for reservation on a first-come, first-served basis beginning at 8:00 a. m.

ET on March 3, and will remain available until all funds have been reserved. Find us across Ohio, Indiana and Michigan. Or right here online.

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