BELLEVUE—Firelands Federal Credit Union, in cooperation with Federal Home Loan Bank (FHLB), is pleased to announce the return of the Welcome Home Program (WHP).
The WHP offers grants to fund reasonable down payment and closing costs for low- and moderate-income homebuyers. Since its inception in 1998, the FHLB has dispersed $182.6 million in Affordable Housing Program funds on behalf of more than 37,350 households.
This year, honorably discharged veterans, active duty military personnel, reservists, or surviving spouses of service personnel may receive grants up to $15,000, and all other homebuyers may receive grants up to $10,000. WHP funds will be available for reservation beginning at 8:00 AM EST on February 6, 2023, and again on July 6, 2023, and will remain open until all funds have been reserved. Reservations may not be submitted in advance. Funds are offered on a “first-come, first-served” basis. Details and other requirements are identified online at www.firelandsfcu.org/FHLB- WelcomeHome-2023.
“We look forward to this program each year,” said Angela Grimmer, Firelands FCU’s VP of Mortgage Lending. “Welcome Home helps provide our members with a greater opportunity to achieve home ownership, and we are able to offer this because Firelands FCU is a participating member of the grant program.”