Borrow

Welcome Home Program

Welcome Home Funds for 2017 have all been reserved. If you are interested in this program, please check back in early 2018.


The Federal Home Loan Bank has established a set-aside of Affordable Housing Program (AHP) funds to help create homeownership through a program called Welcome Home. Welcome Home funds are available to member financial institutions as grants to assist homebuyers. These grants are limited to $5,000 per household (to be used for downpayment and/or closing costs); households are eligible only if the total household income is at or below 80% of Mortgage Revenue Bond income limits as adjusted for family size; and funds are offered on a "first-come, first-served" basis.

We will begin taking reservations for 2017 Welcome Home funds on March 1, 2017. We are already reviewing current applications to determine eligibility. Buyers must have a home under contract before we can reserve funds.

Michelle Snyder, Vice-President of The Mortgage Center at Superior Credit Union, said, "Members need to hurry to take advantage of this great program! Financial institutions are each only eligible to supply $200,000 to their members, and we expect the funds to go quickly."

Contact a lender at The Mortgage Center today! Call 419.223.9746 or 877.717.2271.

 

 

 

 

 

 

 

 

© 2015 Superior Credit Union - All Rights Reserved

NCUA Equal Housing Lender Equal Opportunity Lender Powered by Intuit