Your Path to Homeownership Starts at ECU

Buying a home can be a significant expense and may be particularly challenging for low- to moderate-income homebuyers. We’re here to help you navigate the hurdles of purchasing a home.   Our Welcome Home Grant funds for low- and moderate-income homebuyers will assist you in making your dream of homeownership a reality. 

Grants are limited to $20,000 for most homebuyers and $25,000 for homebuyers who are honorably discharged veterans, active duty military personnel, reservisits, or surviving spouses of service personnel.

Welcome Home funds will be available on a first-come, first-served basis beginning March 1, 2024, and will be available until all funds have been reserved.

Below are the income limits as well as other important information you should know about the program:  

• 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 borrower has a signed purchase agreement and has applied for the loan.
• Maximum of $20,000 per household for most homebuyers and $25,000 per household for homebuyers who are honarbly discharged veterans, active duty military personnel, reservists, or surviving spouses of service personnel.
• Other counties are eligible.  Contact ECU to find out the qualifications for your area.
• You do not have to be a first-time homebuyer; however, a first-time homebuyer must complete the homebuyer counseling program.

Don't miss out on this awesome opportunity!  Please call 423.578.7398 or 800.999.2328 to apply today!