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Welcome Home
Nothing says "Welcome Home" like $20,000 in grant funds toward the purchase of a home!
Eastman Credit Union will have access to Welcome Home funds through the Federal Home Loan Bank of Cincinnati. These funds must be used to fund reasonable down payment and closing costs incurred in conjunction with the purchase of owner-occupied housing to be used as a primary residence by low-and moderate-income homebuyers.
Welcome Home Funds will be available on a first-come, first-served basis beginning April 6, 2026, and will be available until all funds are reserved.
Below are the income limits as well as other important information you should know about the program:
| State/County | 1 - 2 Person Household | 3 or More Person Household | Tennessee |
|---|---|---|
| Cocke, Grainger, Greene, Hancock, Hawkins, Jefferson, Johnson | $88,608 | $103,376 |
| Carter, Unicoi, Washington | $79,659 | $91,608 |
| Hamblen | $73,840 | $84,916 |
| Sevier | $76,800 | $89,600 |
| Sullivan | $73,840 | $85,904 | Texas |
| Gregg, Harrison, Upshur, Rusk, Smith | $98,800 | $113,620 | Virginia |
| Buchanan, Dickenson, Lee, Russell, Scott, Smyth, Tazewell, Washington, Wise | $90,000 | $103,000 |
- Homebuyer must contribute $500 of his/her own funds. $300 of the $500 contribution can be a gift.
- Warranty deed restrictions apply with a five-year retention period.
- Funds cannot be reserved until the borrower has a signed purchase agreement and has applied for the loan.
- Maximum of $20,000 grant per household.
- Do not have to be a first-time homebuyer; however, first-time homebuyers must complete a homebuyer counseling program.