Heritage Home Program Rate Increase coming in 2026

Rocky river and Bay village homeowners, prepare for a change to the Heritage Home Program (HHP). After January 1, 2026, the program’s historically low interest rates will increase.

For years,the HHP offered a remarkably affordable 1.4%-2% rate for home restoration loans. This allowed owners of older homes – those 50+ years old – to maintain and improve their properties. As the Rocky River Government website explains, the program combined low rates wiht project assistance from the Cleveland Restoration Society.

The current loan product ends on December 31, 2025. However, Rocky River officials expect a new low-interest loan product to be available in early 2026.

Don’t delay if you’re planning a restoration project. Key Bank, a partner in the HHP for over 30 years, will honor the 2% fixed rate for applications submitted by the end of 2025. This provides a valuable window for homeowners to take advantage of the current favorable terms.