Through our partnership with the Federal Home Loan Bank system, Marion Community Bank provides access to homeownership assistance programs that help reduce upfront costs for eligible homebuyers. These programs are funded through the Federal Home Loan Banks and delivered by participating member institutions to support affordable, sustainable homeownership.
FHLB programs help make homeownership more attainable by offering assistance for down payments, closing costs, and required homebuyer education. These programs are designed to support households who meet income and eligibility guidelines established by each regional FHLBank.
FHLB programs generally offer:
Assistance with down payment and closing costs, provided through member institutions to qualifying homebuyers.
Support for eligible first‑time and non‑first‑time buyers,depending on the program offered by the specific FHLBank district.
Eligibility based on household income and program requirements, as defined by each regional FHLBank in accordance with housing program regulations.
Compatibility with a variety of loan types, including conventional and government‑backed options, depending on the district and program guidelines.
Homebuyer education requirements when applicable.
Programs vary by region, but FHLB homeownership assistance commonly supports:
• First‑time homebuyers assisted through participating FHLBank member institutions
• Community Partners, such as educators, first responders, and healthcare workers (programs vary by district)
• Veterans and active‑duty military households, including certain surviving spouses, depending on district offerings
• Households meeting income eligibility guidelines based on each FHLBank’s program requirements
• Homebuyers seeking to rebuild or rehabilitate homes, when supported by specific FHLBank programs
• Owner‑occupied 1–4 unit primary residences
• Manufactured housing, when allowed by program guidelines
• Homes requiring repairs or rehabilitation, supported under certain FHLBank community programs
• Condominiums, cooperatives, or other eligible primary residences (program‑specific)
*Please be advised that funds are subject to limited availability and may not be accessible at all times. Availability of funds can change without prior notice.
We welcome you to contact us with any questions or concerns. However, please do not include any confidential information in your message.
Phone: 888-571-2338
