Woodmere Village has teamed up with the Cleveland Restoration Society Heritage Program to offer 1.85% fixed rate home improvement loans. First Federal of Lakewood will offer loans up to 10-years for qualified Woodmere owner-occupied residences under the attractive plan. First Federal will also offer a 2% fixed rate on loans up to 20 years.
There are 213 houses in Woodmere that are more than 50 years old. A study by Cleveland State University found homeowners who participated in the program had an increase in value and landowners stayed in their houses longer than other homeowners. The restoration program increases housing values and increases neighborhood stability.
The Program is open to all houses which are 50 years old or older. Specialists working for the Program answer home maintenance and rehab questions and provide an impartial opinion – one that doesn’t include trying to sell a product or service; this advice is absolutely FREE.
Woodmere residents are urged to take advantage of low-interest loan program and the FREE construction advice. To learn more, or get started, call (216) 426-3116 or consult the website at www.heritagehomeprogram.org.