FHLB Cincinnati Welcome Home Program

FHLB Cincinnati Welcome Home Program is a grant for homebuyers in Statewide, Ohio, administered by Federal Home Loan Bank of Cincinnati (Housing & Community Investment). A down payment and closing-cost grant of up to $20,000 from the Federal Home Loan Bank of Cincinnati, delivered through its member financial institutions across Ohio, Kentucky, and Tennessee. Income-eligible buyers (<=80% MRB limits) reserve funds first-come, first-served; at least one-third is set aside for first-time buyers. 5-year retention with pro-rata recapture if sold/refinanced before year five. Grant up to $20,000 for down payment & closing costs. No repayment if held 5 years. Open to repeat buyers. Stackable with most other DPA. Funding comes from FHLB Cincinnati Affordable Housing Program (AHP) set-aside.

FHLB Cincinnati Welcome Home Program offers up to $20,000 in assistance. Homebuyer contribution: At least $500 of the buyer's own funds toward down payment/closing (up to $300 may be gift). The program can be combined with Most local/state/federal DPA; not with FHLB competitive AHP or other FHLB voluntary housing programs. Amounts are the program's published maximums, not an offer — Federal Home Loan Bank of Cincinnati (Housing & Community Investment) determines any individual award.

FHLB Cincinnati Welcome Home Program is structured as a grant, so it is not repaid. Repayment is triggered by Sale during 5-yr retention, Refinance during 5-yr retention, and Title transfer during 5-yr retention (pro-rata recapture). Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

FHLB Cincinnati Welcome Home Program is open to homebuyers who will live in the home as their primary residence. A homebuyer education course is required, through Homeownership counseling from an organization experienced in homebuyer education (need not be HUD-approved); required for first-time buyers; within 12 months before closing. Delivered only via FHLB member lenders. SEASONAL: the 2026 round opened Apr 6, 2026 and is currently CLOSED to new reservations; reopens annually (~spring 2027). Reserved-funds payment deadline Dec 15, 2026.

FHLB Cincinnati Welcome Home Program limits household income to 80% of the area median income, which varies by county and household size. Total household income at or below 80% of the state HFA Mortgage Revenue Bond (MRB) income limits for the property county; county MRB limits published annually by FHLB Cincinnati for OH/KY/TN. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

FHLB Cincinnati Welcome Home Program can be used for Single Family, Townhouse, Condo, 2-4 Unit, Manufactured, and Modular. New construction is eligible. Manufactured homes are eligible.

FHLB Cincinnati Welcome Home Program serves homebuyers purchasing in Statewide, Ohio.

Applications for FHLB Cincinnati Welcome Home Program go through Federal Home Loan Bank of Cincinnati (Housing & Community Investment), which publishes the current terms and the application steps on its own site. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.