2020 Welcome Home Mortgage Program

This program provides down payment and closing cost assistance to help you settle into your new home. Qualified homebuyers can receive up to $5,000 in Welcome Home grant money for a single household based on program guidelines.

Program Details

  • Program reservations begin March 2, 2020, and continue until funds run out. Funds are first-come, first-served.
  • No purchase price limitation.
  • Funds may only be used for down payment, closing costs and counseling costs.
  • Homebuyer must contribute at least $500 of their owns funds towards down payment and/or closing costs. Up to 60% of the $500 may be received as a gift.
  • A homeownership counseling program must be completed by first-time homebuyers
  • Homebuyers must remain in the home for 5 years, or repayments of the grant may be required.
  • Annual household income cannot exceed 80% of Mortgage Revenue Bond income limits established by the appropriate state housing finance agency.

County

1-2 Persons

3+ Persons

Allen County

$56,720

$65,228

Van Wert County

$56,720

$65,228

Putnam County

$60,800

$69,920

Paulding County

$56,720

$65,228

Auglaize County

$58,650

$67,344

Hancock County

$59,200

$68,080

Mercer County

$58,480

$67,252

Defiance County

$56,720

$65,228

Contact your Financial Institution or a Real Estate Professional for additional information regarding the Welcome Home Mortgage Program