Welcome Home Program
Welcome Home – Up to $20,000 in Down Payment Assistance
Begins April 6, 2026, 8:00 AM EST – Offer subject to credit approval, restrictions apply.
The Welcome Home Program1 is supported by the Federal Home Loan Bank (FHLB) Cincinnati and offers grants up to $20,000 to assist eligible homebuyers with down payment and closing costs. These grants are available on a first-come, first-served basis for low- to moderate-income households purchasing a home.
Who is Eligible for the 2026 Welcome Home Program?
Income Eligibility
Total household income must be at or below 80% of the Mortgage Revenue Bond (MRB) limit for the county and state where the home is located.
Minimum Borrower Contribution
At least $500 of your own funds must be applied toward the down payment and/or closing costs.
Executed Purchase Agreement Required
A fully signed purchase contract for an eligible property is needed before funds can be reserved.
Homebuyer Education (If Applicable)
First-time homebuyers must complete an approved homebuyer education or counseling course prior to closing.
What Properties are Eligible?
Primary Residence Requirement
The home you are purchasing must be for your primary residence. If you plan on moving from the home within 5 years, you may be required to pay back the grant.
Eligible Property Types
Single-family homes, townhomes, condos, duplexes, multi-unit homes (up to four units), or qualified manufactured homes affixed to a permanent foundation.
Retention and Notice Requirement
The property is subject to a 5-year retention period requiring FHLB Cincinnati be notified of refinancing, sale, foreclosure, or ownership changes.
How Do I Apply for the Welcome Home Program?
Welcome Home grant funds can be paired with Federal Housing Administration (FHA)2, Veterans Administration (VA)3, United States Department of Development Rural Housing (USDA) or Conventional Loans.
Ready to get started?
Find your local Peoples Bank mortgage consultant who can help determine your eligibility, guide you through the homebuying process, and ensure you’re prepared to reserve grant funds when they become available on April 6, 2026.
Learn More About the Welcome Home Program
Fill out the form below to request more information and connect with a Peoples Bank mortgage consultant.
NMLS# 617258.
This is not a commitment to lend or extend credit. Information is subject to change without notice. All loans subject to application, credit and collateral approval. Peoples Bank is not acting on behalf of, or at the directions of, the VA, FHA the USDA or the Federal Government. Payment of taxes, insurance, discount points and HOA fees are the responsibility of the borrower. Consult a tax advisor regarding tax deductibility. Interest on loan greater than Fair Market Value is not tax deductible.
1Welcome Home Grant funds are available for low-to-moderate-income households purchasing a home. Act now, since this program will only last as long as FHLB funds remain available.
2MIP is Mortgage Insurance Premium and required by FHA.
3VA loans require a VA certificate of eligibility and non-refundable.