Homeowners Make Long-Needed Improvements with Fix-It Fund Loans from Medina County Treasurer and Westfield Bank
MEDINA COUNTY, JULY 27, 2016 – “We have been waiting many years to have a new driveway, new roof, landscaping, our front stoop fixed and some new windows,” wrote one Wadsworth resident in an email to Treasurer Burke, “The ‘Fix-It Fund’ was perfect. It enabled us to take out a small loan with an excellent interest rate and 5-year payoff plan.”
Medina County Treasurer John Burke wants to remind Medina County homeowners that low fixed interest rate home improvement loans from the Fix-It Fund Program are now available through Westfield Bank at a fixed interest rate, which is up to 2% below the bank’s current rate.
“Since its inception in 2002, this county-sponsored program has been very helpful to over 850 homeowners in Medina County, providing over $12.5 million dollars in loans,” Burke stated. “Last year, 28 loans were processed through the program totaling $630,000.”
Almost all types of interior and exterior home improvements are eligible from smaller projects such as painting, flooring and lighting to window replacements, HVAC upgrades, remodels and additions. A few “luxury” improvements such as swimming pools, hot tubs and satellite dishes are not eligible. Loans can range from a minimum of $5,000 to a maximum of $50,000 and are given on a first-come, first-served basis until the available funds are depleted.
To qualify for this program, you must be a Medina County resident; your home must have an appraised home value of less than $200,000 (excluding land) according to the Medina County Auditor’s appraised value; and you cannot be delinquent on your real estate taxes. There is no maximum income limit to qualify for these loans. According to our records, about 90% of Medina County homeowners may qualify for a Fix-It Funds Loan.
A Brunswick homeowner who also took advantage of the 2015 Fix-It Fund program wrote, “I am so pleased…I have my loan and just got my windows replaced…I am so excited about this program.”Qualified homeowners interested in low-interest home improvement loans may apply at Westfield Bank branches in Medina at 4015 Medina Road (Route 18) and Two Park Circle in Westfield Center. For more information, please contact the Medina County Treasurer’s office at 330.725.9746, firstname.lastname@example.org or Westfield Bank, Cheryl Murrin at 330.764.6091, email@example.com.
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