Remote Deposit Capture
Credit Card
Trust Portfolio
Trust Portfolio
Trust Portfolio

Welcome Home 2023

Welcome Home Down Payment Closing Cost Assistance 

The Welcome Home Program (WHP) offers grants to fund reasonable down payments and closing costs incurred in conjunction with the acquisition or construction of owner-occupied housing by low- and moderate-income homebuyers. Homebuyers are limited to $10,000; however, honorably discharged veterans, active duty military, reservists, and surviving spouses of service personnel may receive Welcome Home grants up to $15,000.  All funds are reserved for specific homebuyers purchasing specific homes and cannot be transferred to other homebuyers or to other homes.

The Welcome Home grant is still available, but time is running out. Act fast and secure your grant to make your dream home a reality!

Homebuyer Eligibility

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

  • The total household income must be at or below 80 percent of Mortgage Revenue Bond (MRB) income 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.
  • Homebuyers must contribute at least $500 of their own funds toward down payment and closing costs.
  • Applicants do not have to be first-time homebuyers (typically anyone who has not owned a home in the last three years). However, all first-time homebuyers must complete a homebuyer counseling program prior to the loan closing.

Property Eligibility

  • Some manufactured housing is eligible for Welcome Home assistance. An appraisal is required at time of funds reservation to verify eligibility.
  • Any one to four-unit property to be used as the homebuyer’s residence is eligible for Welcome Home assistance. An appraisal or current lease must be submitted at time of funds reservation to document this income.
  • Welcome Home grant may be used for new home construction.
  • 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 Federal Home Loan Bank of Cincinnati (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.

 How to Apply

Contact any of our expert CVNB mortgage lenders to check if you qualify for the Welcome Home grant.

Madison County & Surrounding Areas Laurel County & Surrounding Areas Whitley County & Surrounding Areas

Wayne Short
Mortgage Loan Specialist
NMLS# 1723546

Wayne Short profile picture

2110 Lexington Road
Richmond, KY 40475

Office: 859.624.6589
Cell: 859.625.8429
Fax: 606.862.1107


Sandy Harris
SVP, Mortgage Banking Manager
NMLS# 421463

100 S Main Street
London, KY 40741

Office: 606.862.7366
Cell: 606.682.9224
Fax: 606.862.1107


Randy Bargo
AVP, Mortgage Loan Specialist
NMLS# 421457

Randy Bargo profile picture

1376 Master Street
Corbin, KY 40701

Office: 606.258.2415
Cell: 606.524.3857
Fax: 606.528.5295