Loan Details

Our low interest, fixed-rate loan is available through our lending partners, KeyBank and ThirdFederal (Northwest Bank is available to residents of Elyria), and can be used for a variety of interior and exterior home repair and rehab projects. You must live in a Participating Community to apply.



  • Homeowner must meet bank’s lending criteria
  • Construction work cannot start or materials ordered until loan is closed
  • Loan is based on available equity
  • In some scenarios, an "after-rehab" appraisal will be used to help establish equity
  • All loans funds will be escrowed through Cleveland Restoration Society and released to the contractor as progress is made on the project; down payments cannot be funded with loan funds
  • Homeowners and contractors must follow Heritage Home Program specifications for exterior work
  • Contractors must pull permits and be properly licensed
  • Project must be completed in eighteen months

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