Osgood State Bank offers homebuyer grants

OSGOOD — Osgood State Bank has announced that it has partnered with the Federal Home Loan Bank of Cincinnati and to offer funds to home buyers as part of the Welcome Home Program.

The Federal Home Loan Bank of Cincinnati has made it possible to offer up to $5,000 to purchase or construct a new home, and honorably discharged or active duty military personnel may receive a grant of up to $7,500. These funds are available at Osgood State Bank to those who qualify.

Applications are available at www.osgoodbank.com. Home buyers can also contact one of the lenders at Osgood State Bank to find out if they are eligible. The homebuyers must contribute $500 of their own funds, and first time homebuyers must complete a homebuyer counseling program. The Welcome Home Program will begin March 4 and will be available until the alloted funds have been allocated.