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Welcome Home Program

Grants for low to moderate income homebuyers.

You work hard so you can live your best life. So do we.

F&M Bank is proud to partner with the FHLB to offer our customers Welcome Home Fund grants – which can be used to fund reasonable down payments and closing costs for low and moderate income homebuyers.  

Welcome Home funds will be available for reservation on a “first-come, first-serve” basis on April 6, 2026, and will remain available until all funds have been reserved. Homebuyers are limited to a minimum of $10,000 up to a maximum of $20,000. As we’ve experienced in the past, funds may be available for only a few weeks. Borrowers must complete an application, provide income documentation and have an executed purchase agreement before submittal.  

Welcome Home Income Limits

County State 1-2 Persons 3+ Persons
Adams IN $71,760 $82,524
Allen IN $72,000 $82,800
Butler OH $89,440 $102,856
Champaign OH $77,120 $88,688
Defiance OH $77,120 $88,688
DeKalb IN $72,480 $83,352
Delaware IN $71,760 $82,854
Fayette IN $86,112 $100,464
Franklin IN $93,696 $109,312
Fulton OH $77,120 $88,688
Hancock OH $77,120 $88,688
Henry OH $77,600 $89,240
Jay IN $71,760 $82,524
Lucas OH $77,120 $88,688
Macomb MI $80,800 $92,920
Oakland MI $80,800 $92,920
Randolph IN $71,760 $82,524
Shelby OH $77,280 $88,872
Steuben IN $78,160 $89,884
Wayne IN $86,112 $100,464
Wayne MI $80,800 $92,920
Wells IN $73,280 $84,272
Williams OH $77,120 $88,688
Wood OH $77,120 $88,688

Frequently Asked Questions

Please contact your local F&M Bank Home Loan Originator for more details!

Funds will be available for reservation on a first-come, first-served basis beginning at 8:00 a.m. ET on March 3, and will remain available until all funds have been reserved.

A property would be eligible if all of the following guidelines are met:

  • The property will be the homebuyer’s primary residence;
  • The property is a single family, townhome, condominium, duplex, multi-unit (up to four family units) or a qualified manufactured home. (Manufactured homes may be eligible if they are taxed as real estate and affixed to a permanent foundation); and,
  • The property is subject to a legally enforceable five-year retention mechanism, included in the Deed or as a Declaration of Restrictive Covenants to the Deed, requiring the FHLB Cincinnati be given notice of any refinancing, sale, foreclosure, deed in-lieu of foreclosure, or change in ownership during the five year retention period.

A homebuyer would be eligible for the Welcome Home grant if all of the following guidelines are met:

  • The total income for all occupants who will reside in the home is at or below 80 percent of the Mortgage Revenue Bond (MRB) limit for the county and state where the property is located;
  • A fully executed (signed by buyer and seller) purchase contract on an eligible property is in hand;
  • The homebuyer has at least $500 of their own funds to contribute towards down payment and/or closing costs; and,
  • If a first-time homebuyer (typically anyone who has not owned a home in the last three years), a satisfactory homebuyer counseling course is completed prior to the loan closing. Note: Applicants do not have to be first-time homebuyers.

Have more questions?

Find us across Ohio, Indiana and Michigan. Or right here online.

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