You may qualify for up to $20,000 in Welcome Home Funds to help cover down payment and closing costs.
Funds open in April and go fast. Getting pre-approved now helps you move quickly when funds become available.
Get pre-approved today
Why get pre-approved now?
When Welcome Home Funds open, timing matters. Funds are first-come, first-served and can be reserved quickly.
- Pre-approval helps you:
- Know your budget before you start shopping
- Move fast once you have a signed purchase contract
- Be ready on day one when funding opens in March
What are Welcome Home Funds?
The FHLB Cincinnati Welcome Home Program provides grants that can be used toward down payment and closing costs for income-eligible homebuyers who qualify for a mortgage through an FHLB member lender (like Metro Plus). Learn More
How it works
- Get pre-approved with Metro Plus - We’ll review your goals, income, and credit so you know what you can afford.
- Complete required homebuyer steps - FHLB guidelines typically include income eligibility, a minimum homebuyer contribution (at least $500), and homebuyer counseling for first-time homebuyers.
- Buy your home and apply when funds open - Once you have a signed purchase contract, Metro Plus reserves funds on your behalf while funding is available.
Quick eligibility snapshot
Welcome Home Funds are designed for low- to moderate-income homebuyers. FHLB Cincinnati uses income limits (commonly at or below 80% of Mortgage Revenue Bond limits) and other program requirements.
Not sure if you qualify? That’s exactly what pre-approval is for.
FAQ
How much can I receive?
Eligible homebuyers may receive up to $20,000 for down payment and closing costs (per program guidelines).
When do funds open?
FHLB Cincinnati’s 2026 Welcome Home schedule indicates funds open at 8:00 a.m. ET on April 6 and remain available until reserved.
Why should I start now?
Because funds are limited and reserved first-come, first-served. Being pre-approved helps you act quickly.
Do I apply on my own?
The grant is reserved through your lender after you qualify for a mortgage and meet program requirements.
Ready to take the first step?
Get pre-approved today so you’re ready when Welcome Home Funds open in April.