Unlock Homeownership with FHLB Grants and Midwest Bank

Buying your first home is one of life’s most exciting milestones, but rising costs and competitive markets can make the journey feel overwhelming. At Midwest Bank, we’re committed to helping individuals and families across our communities turn the dream of homeownership into reality. One powerful tool for first-time buyers is the Federal Home Loan Bank (FHLB) First-Time Homebuyer Grant Program.

Below, we break down how these grants work, their benefits, and why partnering with a local community bank like Midwest Bank can make all the difference.

What Is the FHLB First-Time Homebuyer Grant?

The Federal Home Loan Bank offers grant programs designed to support low- to moderate-income individuals and families purchasing their first home. Through participating lenders, such as Midwest Bank, eligible homebuyers can receive funds for a down payment or closing costs.

While specific amounts vary by year and availability, these grants often provide thousands of dollars to help first-time buyers bridge the financial gap between renting and owning. For many, grant assistance is the key that makes homeownership possible sooner and more affordably.

Benefits of the FHLB First-Time Homebuyer Grant

1. Down Payment & Closing Cost Assistance

Even financially stable first-time buyers can struggle with upfront costs. FHLB grants give qualified buyers a financial boost that reduces or eliminates the need to drain savings.

2. No Repayment Required (When Requirements Are Met)

Unlike many loan programs, FHLB grants don’t require repayment as long as the homeowner meets occupancy and program guidelines.

3. Opens the Door to Homeownership

A grant often means the difference between waiting years to save for a down payment—or moving into your new home now.

4. Works Alongside Standard Mortgage Programs

The grant can be layered with other lending products, giving buyers flexibility in choosing the loan that fits their financial situation.

How Midwest Bank Helps First-Time Buyers Using FHLB Grants

Our mortgage lenders have deep experience with the FHLB First-Time Homebuyer Grant Program. Here’s what you can expect when working with us:

• Step-by-step guidance to understand eligibility and documentation
• Help applying for available grant funds
• Personalized mortgage options tailored to your financial goals
• A simplified, local process that makes homebuying less stressful
• A partner who cares about your success long after closing

Ready to Begin Your Homebuying Journey?

Whether you’re just starting to explore homeownership or you’re ready to find your first home, Midwest Bank is here to help you every step of the way. Our team is ready to answer your questions, walk you through available grant opportunities, and make sure you’re supported from beginning to end.

👉 Contact your local Midwest Bank branch today to get started. Your dream of homeownership is closer than you think.