Treasurer Burke and Westfield Bank Offer Fix-It Fund Home Improvement Loans for 2018 Newsroom
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"This year with Westfield Bank, we expect to see some very attractive fixed interest rates below three percent, depending on the borrower's credit rating," Burke said. A few "luxury" improvements are not eligible, such as swimming pools, hot tubs and satellite dishes. Approximately housing structures in the Cities of Medina and Brunswick will receive home repair assistance.
Medina County Treasurer John Burke, center, shown here with county Commissioners Patricia Geissman and Tim Smith, is offering low, fixed-interest rate loans on home improvements through his annual Fix-It Funds Program. Since its authorization by the Medina County commissioners in 2002, Fix-It Funds have provided more than $14 million in low-interest loans to homeowners. The Community Housing Improvement Program provides grants to eligible communities interested in undertaking housing-related activities, including necessary infrastructure improvements. The grants are awarded competitively and encourage a flexible, community-wide approach to the improvement and provision of affordable housing for low- and moderate-income persons, and help develop local administrative capacity. This innovative and unique program has been given national recognition, earning the Eagle Award for best practices by the national county elected officials’ organization IACREOT.
Experience the Beauty of Medina County Home
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. 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. “Since its inception in 2002, this county-sponsored program has helped many area homeowners make long desired improvements, providing over $12.5 million dollars in loans,” Burke stated.
All improvements must be completed within one year of the loan being granted. Westfield Bank has partnered with the Treasurer’s office since 2015 to offer these fixed rate loans at up to 2% below the bank’s current rate over up to 5 years. 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.
Medina County Home
According to our records, about 90% of Medina County homeowners may qualify for a Fix-It Funds Loan. Beginning May 26, 2020, Fix-It Funds loan money will be available to Medina County homeowners through Westfield Bank. “This discounted low interest home improvement loan program has been a real savings to over 1,000 homeowners in Medina County,” said Treasurer Burke. These low fixed interest rate home improvement loans from the Fix-It Fund Program are available through Westfield Bank at a fixed interest rate, which is up to 2% below the bank’s current rate.
Burke noted that his office was the proud recipient of the Eagle Award for best practices by the national county elected officials’ organization IACREOT for his Fix-It Funds program. Recently Treasurer Burke assisted the Treasurer of Stark County to establish the same linked-deposit program. MEDINA COUNTY – Medina County Treasurer John Burke wants homeowners to be aware that Fix-It Fund home improvement loans will be available from Westfield Bank through the extended deadline of September 30th. With what looks like a warm fall on the horizon, residents can still get started on fall and winter projects. There are only a few ineligible improvements, such as a swimming pool, satellite dish or hot tub.
Fix-It Funds Home Improvement Loans for 2020 Have an Extended Timeline
Burke has assisted the treasurers of Stark and Portage counties to establish the same linked-deposit program. “This discounted low-interest home improvement loan program has been a real savings to over 1,000 homeowners in Medina County,” Burke said. Qualified homeowners interested in low-interest home improvement loans may apply at Westfield Bank branches in Medina at 4015 Medina Road and Two Park Circle in Westfield Center. This innovative and unique program has been given national recognition.
A few “luxury” improvements such as swimming pools, hot tubs and satellite dishes are not eligible. With home improvement season now here, homeowners considering renovating or remodeling their homes might want to take advantage of similar low fixed interest rates on loans from County Treasurer John Burke’s Fix-It Funds Program. Beginning May 13, 2019, Fix-It Funds 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. Loans can be from a minimum of $5,000 to a maximum of $50,000 and are given on a first-come, first-served basis until available funds are depleted.
“This discounted low interest home improvement loan program has been a real savings to about 1,000 homeowners in Medina County,” stated Treasurer Burke. A few “luxury” improvements are ineligible, including swimming pools, hot tubs and satellite dishes. A few “luxury” improvements are ineligible, including swimming pools, hot tubs, and satellite dishes. There are only a few ineligible improvements such as a swimming pool, satellite dish or hot tub.
You must be a Medina County resident; your home (1-4 family unit dwelling) must have a tax appraised value of $250,000 or less excluding land, according to the Medina County Auditor’s appraised value; and you cannot be delinquent on your real estate taxes. Homeowners have up to 18 months to complete the work for which the loan was granted. Beginning May 26, Fix-It Funds became available to Medina County homeowners through Westfield Bank. To qualify, homeowners must be Medina County residents whose homes have been appraised by the Medina County Auditor's Officeat less than $200,000 .
“I think many people were spending more time at home during the COVID-19 pandemic and just wanted to do more home projects last year – it may be the same this year” Burke related. Providing 24/7 nursing care for medication administration and supervision and limited treatments. Residents of the Medina County Home enjoy many services including full laundry and cleaning services, assistance with activities of daily living, med pass, 3 nutritious meals/day, picnics, games, musical entertainment and friendly socialization.
"Since its inception in 2002, this county-sponsored program has been very helpful to over 850 homeowners in Medina County, providing $12 million in loans," Burke said. Approximately housing structures in the Cities of Medina and Brunswick will receive housing rehabilitation assistance. Qualifying homeowners will be the owners of single-family, owner occupied structures that are in need of assistance to meet local code compliance and rehabilitation standards. Eligible properties must be located in the City of Medina or City of Brunswick.
MEDINA, Ohio -- Since 2002, Medina County Treasurer John Burke has been offering county residents Fix-It Funds -- low-interest home improvement loans. Westfield Bank has partnered with the Treasurer’s Office since 2015 to offer these fixed-rated loans at up to 2 percent below the bank’s current rate for up to five years. MEDINA, OHIO, MAY 17, 2016 — Spring is here and homeowners considering renovating or remodeling their homes might want to take advantage of low fixed interest rates on loans from County Treasurer John Burke’s Fix-It Funds Program. Beginning May 16, 2016, Fix-It Funds 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.
"For convenience, taxpayers can view their tax bill online at our website. In addition, my office has made a variety of payment options available," Burke said. Treasurer Burke provides an annual report on Fix-It Funds to the Medina County Commissioners. In December of 2020, Burke reported an increase in the number and size of loans. The number of loans more than doubled in 2020 from the previous year. And the average size loan in 2020 was $20,200 up from $14,000 in 2019.
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Beginning May 15, 2017, Fix-It Funds 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. According to county records, about 90% of Medina County homeowners may qualify for a Fix-It Fund Loan. According to county records, about 90% of county homeowners may qualify for a Fix-It Fund Loan. To be eligible, you must be a Medina County resident; your home must have an appraised home value of less than $200,000 according to the Medina County Auditor’s appraised value; and you cannot be delinquent on your real estate taxes. 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 according to the Medina County Auditor’s appraised value; and you cannot be delinquent on your real estate taxes.
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