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Welcome Home Program* Details:
- Customers may use amounts up to a maximum of $10,000 for homebuyers and $15,000 for honorably discharged veterans, active-duty military, reservists and surviving spouses of service personnel.
- Funds will be allocated on a “first-come, first-served” basis.
- Funds are available for Homebuyers to purchase a primary residence only.
- NCB has to request that funds be reserved for a Homebuyer. NCB will first pre-qualify the borrower and once the borrower submits an accepted purchase contract, NCB will submit a Reservation Request along with all the required documentation that NCB will gather with application.
- Funds may be used only to assist households whose incomes are at or below 80% of Mortgage Revenue Bond (MRB) income limits (see below), as adopted by the appropriate state housing finance agency, adjusted for family size.
- Homebuyers must contribute at least $500 of their own funds towards down payment and closing costs and must meet lender loan guidelines and complete a homebuyer counseling program if first-time homebuyer.
- Welcome Home funds will be available for reservation beginning on February 6, 2023, and will remain available until all funds have been reserved.
- Welcome Home Lending Limits:
County 1-2 Persons 3+ Persons Adams, Brown, Clinton Fayette, Highland, Pike & Ross $66,640 $6,636 Clermont & Warren $79,280 $91,172 *Welcome Home Grant funds are available for low to moderate income households purchasing a home. Limited funds available. More information on the guidelines can be found at https://web.fhlbcin.com. NCB NMLS #422343. Banking products and services provided by National Cooperative Bank, N.A. Member FDIC. Equal Housing Lender.
