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Welcome Home Grant

The Welcome Home Grant Program will open at 8:00 a.m. on March 1st, 2024, and will remain available until all funds have been reserved.

Get a $20,000 grant for down payment and or closing costs!

OUCU is participating in the Federal Home Loan Bank’s Welcome Home Program, which offers grants to fund down payments and closing costs for the purchase of a home.

  • Up to $20,000 grant for homebuyers
  • Up to $25,000 is available for honorably discharged veterans, active duty military, reservists & surviving spouses of service personnel
  • Funds are available on a first-come, first-served basis
  • Does not need to be a first-time homebuyer, but the property must be the primary residence
  • Homebuyers must contribute at least $500 of their own funds towards the down payment and closing costs. (60% /$300 of these required funds can be a gift)
  • Must have a fully executed purchase contract
  • Property can be 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)
  • There are income and additional eligibility requirements; we'd be happy to go over them with you

Funds are limited, so contact us now if you’re interested in learning more about these grants or mortgage loans.