Spring is here and a perennial favorite, the Fix-It Fund home improvement loan program, is once again being offered by Treasurer John Burke and Westfield Bank. The fixed rate, low interest loans are available to Medina County homeowners wishing to finance needed repairs or dreamed of remodeling projects on their primary residence. Fix-It Fund loan money will be available to Medina County homeowners through Westfield Bank at a fixed interest rate, which is up to 2% below the bank’s current rate. The application period begins May 15 and ends August 31, 2018 for work that must be completed within one year of the loan being granted.
“Since we launched the Fix-It Fund loan program in 2002, over 900 homeowners in Medina County have received more than $13.3 million dollars in funding to help improve their homes,” Burke stated. “Working with Westfield Bank, 52 loans were processed over the last two years for a total of $770,993.”
Almost all types of interior and exterior home improvements are eligible including painting, wallpapering, lighting, flooring, plumbing, carpeting, furnaces, air conditioners, remodeling, additions, decks, window and door replacements, roofing, siding, gutters, driveways, and sidewalks. A few “luxury” improvements are ineligible, including swimming pools, hot tubs, and satellite dishes.
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 $250,000 (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 county records, about 90% of Medina County homeowners may qualify for a Fix-It Fund Loan.
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.
Contacts at Westfield Bank:
Cheryl Murrin NMLS#1365194 CherylMurrin@westfield-bank.com 330.764.6091
Jean Letterly NMLS#696100 JeanLetterly@westfield-bank.com 330.661.6077
Michelle Evans NMLS#1460020 MichelleEvans@westfield-bank.com 330.661.6083
To learn more, contact the Treasurer’s office at 330.725.9746, firstname.lastname@example.org or email email@example.com.