Giving Back to Those Who Call Our Communities Home.
Local homebuyers can move forward with confidence with our Down Payment Assistance Program—an opportunity for Bank Midwest to reinvest directly into the people who make our communities home.
Through this program, current and new Bank Midwest clients may:
Funds are limited and awarded on a per-application basis. All loans must meet program criteria and receive final approval to qualify for assistance.
Reduce Your Upfront Costs
Buying a home comes with several initial expenses, but this program helps lighten the load. With up to $2,500 available for qualified applicants, you can apply funds toward your down payment or eligible closing costs. That means less money out of pocket and a more manageable path to homeownership.
Keep More Savings in Your Pocket
Homeownership is more than just the purchase—it’s about being financially prepared for what comes next. By lowering your upfront expenses, this grant allows you to preserve your savings for moving costs, home improvements, emergency funds, or future financial goals.
Locally Funded, Community-Focused
Unlike many national assistance programs, this grant is funded directly by Bank Midwest. Decisions are made locally by lenders who understand the communities they serve. It’s a program designed specifically to reinvest in local individuals and families who are ready to put down roots close to home.
No Repayment Required
The $2,500 Mortgage Grant is not a loan. It’s assistance designed to help you move forward with confidence. There are no additional monthly payments tied to the grant, giving you support without adding new debt to your home loan.
Let’s make your homeownership goals a reality.
Connect with a mortgage lender today to find out if you are eligible for our Down Payment Assistance Program, and let’s start your journey towards homeownership.
At Bank Midwest, we call the communities we serve home—and we believe the people who support this community deserve a path to homeownership here.
This program is Bank Midwest’s way of reinvesting locally, helping our neighbors take a meaningful step toward owning their own home and making our communities great places to live.
The Bank Midwest Mortgage Grant is a locally funded program created to help first-time homebuyers take a confident step toward homeownership. Unlike federal or third-party assistance programs, this grant is funded directly by Bank Midwest. That means decisions are made locally, and the program is designed specifically to support the communities we live in, work in, and serve.
We believe strong communities start with strong households. By offering this grant, we’re reinvesting in local individuals and families who are ready to plant roots and build their future here at home.
Bank Midwest is awarding 10 grants of $2,500 each to qualified applicants.
Because this is a locally funded initiative, funds are limited. Grants are available on a first-approved, first-served basis, and once all 10 grants have been awarded, the program will close. If you’re considering purchasing a home, we encourage you to connect with a lender early to determine your eligibility.
No, you do not need to be an existing Bank Midwest customer to apply. Both new and current clients are welcome.
However, all applicants must qualify for a Bank Midwest mortgage loan based on standard underwriting guidelines. Our mortgage lenders will walk you through the process and help you understand what documentation and qualifications are required.
To receive a Mortgage Grant, you must first be approved for a Bank Midwest home loan. Qualifying for a mortgage typically includes:
Each borrower’s financial situation is unique, and our local lenders will take the time to review your goals and financial picture carefully. Final loan approval is required before grant funds can be awarded.
No. The $2,500 Mortgage Grant is not a traditional loan.
It is intended to provide assistance toward your home purchase, not create additional monthly debt. Program terms and conditions apply, and your lender will clearly explain how the funds are structured and applied before closing so you fully understand the details.
Grant funds may be applied toward eligible home purchase expenses, including:
Your lender will review what expenses qualify under program guidelines and ensure the funds are applied appropriately as part of your mortgage transaction.
In some cases, the Mortgage Grant may be used in conjunction with other qualifying assistance programs. Eligibility for combining programs depends on loan type and underwriting guidelines.
Your Bank Midwest mortgage lender will help you explore all available options and determine the best path forward based on your situation.
The first step is simple: connect with a Bank Midwest mortgage lender.
We’ll review your financial information, discuss your homeownership goals, and guide you through the application process from start to finish. Our team is local, experienced, and ready to answer your questions so you can move forward with clarity and confidence.
If you’re ready to learn more, reach out today and see if you qualify for the Bank Midwest Mortgage Grant.