Minster Bank offering home assistance

MINSTER — Minster Bank is offering the Welcome Home Program sponsored by The Federal Home Loan Bank of Cincinnati. The Federal Home Loan Bank of Cincinnati has established a set-aside Affordable Housing Program (AHP) funds to help create homeownership. Home funds are available to Minster Bank as grants to assist homebuyers.

Welcome Home grants are limited to $7,500 for homebuyers who are honorably discharged veterans, active duty military personnel, reservists or surviving spouses of service personnel and $5,000 for all other homebuyers. Households are eligible only if the total household income is at or below 80% of Mortgage Revenue Bond income limits, as adjusted for family size; and funds are offered on a “first-come, first-served” basis.

Homebuyers must contribute at least $500 of their own funds toward down payment and closing costs and first-time homebuyers must complete a homebuyer counseling program.

Welcome Home funds will be available for reservation beginning March 1 and will remain available until all funds have been reserved.

Minster Bank, a local community bank, and a subsidiary of Minster Financial Corp, is headquartered in Minster, and has offices located in Minster, New Bremen, St. Marys, Sidney, Troy, Vandalia and Wapakoneta.

Contact Minster Bank at 866-MINSTER for more details about the Welcome Home Program or apply online at MinsterBank.com.