Do you need to make home improvements, or want to beautify your space?
Whether it’s something as exciting as a new deck, or as necessary as a septic system upgrade, most homeowners in Portage Dear Homeowner – county have home improvement projects they’d like to get started. Across Portage County, residents have delayed needed home repairs and renovations for one Are you afraid to invest in home simple reason – it costs too much to borrow the improvements because they funds needed to complete a project. Brad Cromes cost too much? Our office can help. Through the Home Portage County Treasurer
Improvement Program , homeowners can get For too many homeowners, projects to upgrade or repair a home fall behind other loans at 3% below the rate a bank would Does your home need priorities. normally offer for the first 5 years. It’s a great way to get things off the “to do” list, finish improving? Even when a project becomes a necessity, the projects, and make your house a home. costs associated with borrowing money to get Introducing the started stop many at the starting gate. You can find out more about this program in
these pages. If you still have questions about the If so, our Home Improvement program, please contact us. We’re here to help Program may be for you! however we can. Home
Fortunately, there is a solution that can help My Best, homeowners make improvements without Improvement breaking the bank – the Home Improvement Program !
The Home Improvement Program is designed Program to help Portage County homeowners repair or remodel their homes, at interest rates 3% Brad Cromes below what a bank would normally offer for Portage County Treasurer Low interest home the first 5 years. P.O. Box 1217 improvement loans for For program details, including how to sign up, Ravenna, OH 44266 Portage County’s read the handy tips contained in this Phone: 330-297-3586 brochure, or call the Treasurer’s Office at Fax: 330-297-3393 homeowners. 330 -297 -3586. How does the Home How much is available? Apply Today! Improvement Program work? The Home Improvement Program is authorized for $1 Million in total loans. Individual loans are To get started, provide the information To make the Home Improvement Program available, available from a minimum of $1,500 to a maximum the County deposits a portion of its funds with requested below and return this slip to a of $40,000 per borrower, subject to bank approval. participating banks. In exchange, the banks make participating bank branch near you: Limit one loan per borrower. low-cost loans available to borrowers. Portage Community Bank – 330-296-8090 1311 E. Main St. How much is the discount? How long do I have to pay? Ravenna, OH 44266
Loans made under the Home Improvement Program Loans made through the Home Improvement Hometown Bank – 330-673-9827 Program will be discounted 3% below what a bank can last as long as lenders allow. The discounted 142 N. Water St. would normally offer for the first 5 years of the loan. interest rate applies to the first 5 years only . After Kent, OH 44240 that, rates return to market. Who can participate in the Middlefield Banking Company – 330-274-0881 When should I do the project? 10519 S. Main St. Home Improvement Program ? Mantua, OH 44255 Borrowers must submit proof to the Treasurer’s Any Portage County homeowner who is current on Office that the funds were spent on home Name: ______their taxes – meaning they don’t owe any late fees – improvements within one year of receiving them. can participate. Address: ______
Borrowers must apply and qualify for a Home Do I need to live in the property? City: ______Improvement Program loan to be eligible for a All single-family dwellings in Portage County – discount. whether owner-occupied or rental properties – are ZIP Code: ______eligible for the Home Improvement Program . What can I spend the money on? Parcel No.: ______
Participants in the Home Improvement Program can Is my house worth too much? Phone: ______use the money for home repairs, remodeling, The Home Improvement Program is limited to property upgrades, and other permanent projects. Email: ______homes with an appraised value of $175,000 or less.
Removable items like satellite dishes and hot tubs Applications will be processed on a “first come, are excluded. Do I make too much money? first served” basis, so apply today!
The Home Improvement Program is focused on For more information, you may also call the improving properties in Portage County. Treasurer’s Office at 330-297-3586. There is no limit on a borrower’s personal income.