2025
The 2025 Welcome Home Program Funds
Have Been Successfully Reserved!
A big thank you to everyone who applied and showed interest in this incredible opportunity. We're thrilled to have helped so many of you take the next step toward homeownership!
For those who weren’t able to secure funds this year, don’t worry—the program will return next year! Stay tuned for updates, and we can’t wait to support even more aspiring homeowners in the future.
For those who weren’t able to secure funds this year, don’t worry—the program will return next year! Stay tuned for updates, and we can’t wait to support even more aspiring homeowners in the future.
The Welcome Home Program (WHP) is officially live, and funds are available for reservation starting at 8:00 a.m. ET on March 3! If you’re thinking about buying your first home or making a move, this annual program offers a grant to help with down payments and closing costs. Whether you’re buying your first home or your next one, CVNB is here to help!
Are You an Eligible Homebuyer?
To qualify for the Welcome Home grant, you must meet the following criteria:
- Your household income must be at or below 80% of the Mortgage Revenue Bond (MRB) limit for your county.
- The home must be your primary residence (single-family, townhouse, or eligible manufactured home).
- You need at least $500 of your own funds for the down payment or closing costs.
- If applicable, complete a homebuyer counseling course before closing.
How to Apply for the Welcome Home Grant
Ready to get started? Here’s how to apply for the grant:
- Apply Now for Pre-Approval
Start your mortgage application today to ensure you qualify for the Welcome Home grant. Our CVNB mortgage lenders are ready to check your eligibility and help you secure the grant before the funds run out. - Find Your Perfect Home
Once you’re pre-approved, shop for your home and ensure it meets the eligibility criteria. Once you’ve found the right home, make sure to have a fully executed (signed by both buyer and seller) purchase contract in hand.
That's It!
Funds are 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.
Know Someone Who’s Looking to Buy a Home?
If you're not planning to buy a home but know someone who is, feel free to pass along this great opportunity! The Welcome Home Program is open to income-eligible homebuyers, whether they’re first-time buyers or not. This could be just the assistance they need to make home ownership more affordable.
We’re Here to Help!
If you have any questions, don’t hesitate to contact our mortgage team. We’re here to help make everyone's home-buying journey easier.
| Laurel County & Surrounding Areas | Whitley County & Surrounding Areas | Madison County & Surrounding Areas |
|---|---|---|
Sandy Harris
|
Randy Bargo
|
Wayne Short
|
Home Buyer Eligibility
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.
Property Eligibility
The Welcome Home grant is available for various property types:
- 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.
Need Help?
Contact one of our friendly service representatives by calling 800.999.3126, or click the button to fill out a contact form.
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