The Welcome Home Fund Grant program provides a grant for qualified homebuyers with up to $5,000 of assistance towards the down payment, and/or closing costs of their new home. This is a tremendous opportunity for anyone who has ever dreamed of owning a home, or someone who is looking to purchase a new home. The program opens this year on March 1st, 2021.
Midwest Community FCU works with the Federal Home Loan Bank of Cincinnati to offer our qualifying members Welcome Home Fund grants. Welcome Home funds may be used to fund reasonable down payments and closing costs for low and moderate income homebuyers. Homebuyers may qualify for and use amounts up to a maximum of $5,000 per home, based on documented need. However, honorably discharged veterans, active duty military, reservists, and surviving spouses of service personnel may receive Welcome Home grants up to $7,500.
You can use this for all of your closing costs. Whatever funds are left over can be used to pay down the principal balance of your loan.You can use these funds even when the sellers are paying your closing costs for you. We simply apply the remaining funds to pay down the principal balance of your loan.You can use these funds in conjunction with other grant fund programs.You can use these funds even if you have a down payment of your own.Active duty military personnel and honorably discharged veterans may qualify for up to $7,500 Grant Funds.
Due to the fact that Midwest Community Federal Credit Union is a smaller institution, we are almost always able to give each applicant the full $5,000 where other financial institutions might split the benefit with other applicants.We always have Welcome Home funds available long after other financial institutions have exhausted their $200,000 reservation limit!You do NOT have to be a first-time home buyer!
Information we collect
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If you contact us directly, we may receive additional information about you such as your name, email address, phone number, the contents of the message and/or attachments you may send us, and any other information you may choose to provide.
When you register for an Account, we may ask for your contact information, including items such as name, company name, address, email address, and telephone number.
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Provide, operate, and maintain our website
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Find and prevent fraud
The Better-HomesFund follows a standard procedure of using log files. These files log visitors when they visit websites. All hosting companies do this and a part of hosting services' analytics. The information collected by log files include internet protocol (IP) addresses, browser type, Internet Service Provider (ISP), date and time stamp, referring/exit pages, and possibly the number of clicks. These are not linked to any information that is personally identifiable. The purpose of the information is for analyzing trends, administering the site, tracking users' movement on the website, and gathering demographic information.
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CCPA Privacy Rights (Do Not Sell My Personal Information)
Under the CCPA, among other rights, California consumers have the right to:
Request that a business that collects a consumer's personal data disclose the categories and specific pieces of personal data that a business has collected about consumers.
Request that a business delete any personal data about the consumer that a business has collected.
Request that a business that sells a consumer's personal data, not sell the consumer's personal data.
If you make a request, we have one month to respond to you. If you would like to exercise any of these rights, please contact us.
GDPR Data Protection Rights
We would like to make sure you are fully aware of all of your data protection rights. Every user is entitled to the following:
The right to access – You have the right to request copies of your personal data. We may charge you a small fee for this service.
The right to rectification – You have the right to request that we correct any information you believe is inaccurate. You also have the right to request that we complete the information you believe is incomplete.