Ohio Homebuyer Plus

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6% APY, $500 Bonus & up to $750 off mortgage closing costs

In conjunction with the Ohio Treasurer’s office, The Community Bank is pleased to offer Ohio Homebuyer Plus to our customers.

Ohio Homebuyer Plus makes specialized, tax-advantaged savings accounts available to Ohioans to assist them on their homebuying journey. The Community Bank will help you grow your money faster at 6% APY, pay you a $500 bonus as well as offer program participants up to $750 off mortgage closing costs when you have a checking account and open your new mortgage with The Community Bank. Open your Ohio Homebuyer Plus savings account today to start saving for a new home!

For more information about the Ohio Homebuyer Plus program, please visit ohiotreasurer.gov/homebuyerplus. 

Please note: Individuals are required to review the Ohio Homebuyer Plus participation statement prior to opening an account through the program. You can review the participation statement here.

Ohio Homebuyer Plus Requirements

Participants must:

  • Be an Ohio resident at least 18 years of age
  • Have their primary residence located in the State of Ohio
  • Only use account proceeds toward the down payment or closing costs of a home purchased in Ohio, with the home becoming their new primary residence 

Accounts must be used within five years, maintain a minimum balance of at least $100, and cannot exceed a maximum balance of $100,000.

Program FAQs

  1. Who is eligible? Any resident of the State of Ohio 18 or older.
  2. What counties does TCB service for this account? Perry, Muskingum, Guernsey, Licking, Noble, Belmont, Harrison, Tuscarawas, Coshocton, Knox, Delaware, Franklin, Fairfield, Hocking, Athens and Morgan.
  3. Do I need to be a first-time home buyer? No.
  4. Can I open a joint account? No, but two people may open separate accounts and combine the funds to purchase a single home together.
  5. Can someone else (employer, parent, grandparent) make contributions on my behalf? Yes, and they may be state income tax deductible for them.
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  • Minimum balance of $100 to receive Annual Percentage Yield (APY) accurate as of this date.
  • Interest rate and annual percentage yield may change after account opening.
  • Fees may reduce earnings. NMLS 403255.
  • Receive $250 off mortgage closing costs for having/opening a checking account with The Community Bank and an additional $500 off mortgage closing costs for establishing a new closed-end mortgage with The Community Bank. NMLS 403255
  • Receive a $500 BONUS by having an open deposit of at least $100 and a total of at least $100 must remain in the account for 90 days. At the end of the 90 days, you will be eligible for a $500 bonus to be deposited into your Ohio Homebuyer Plus account.
    • Deposit will be made at the first statement cycle after the requirements have been met.
    • Account must be in good standing at the time of payout.
    • Limit one $500 bonus per social security number.
    • Offer valid on the first Ohio Homebuyer Plus account opened at The Community Bank.
    • Bonus payout may be taxable as interest income and report on IRS Form 1099-INT. Consult your tax advisor.
    • The Community Bank reserves the right to change this offer at any time.
  • Additional terms and conditions may apply.
  • Serving the following counties: Perry, Muskingum, Guernsey, Licking, Noble, Belmont, Harrison, Tuscarawas, Coshocton, Knox, Delaware, Franklin, Fairfield, Hocking, Athens and Morgan.