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(c) 2015 Neighborhood Housing Services of Toledo, Inc. dba NeighborWorks(r) TOLEDO REGION. All rights reserved.

Emergency Repair

Purpose must be to immediately correct an emergency situation which threatens safe, sound and sanitary living conditions.


  • Generally, $3,000.00 dollar limit or higher if approved by the loan committee.

  • Property must be in the NTR service area (City of Toledo)

  • Will be secured by a Note and Mortgage.

  • No emergency loan to exceed sixty (60) months.

  • All Emergency Loans at 6% interest.

  • Are approved provided that the balance of mechanical systems are up to City code or a plan is provided to make the necessary improvements.



Financing and Mortgage Lending

Loan Policy


All loans are presented to the Loan Committee for approval.



Property must be owner-occupied, single, double or up to four family residential property

Applicant must reside in property min 1 year

Loan must be secured by a first or second mortgage

Property must meet minimum code standards after rehab


Loan Terms

No minimum loan amount, terms up to thirty years, financing up to 105% of total loan-to-value, no prepayment penalty, escrow provided for purchases loans over $3,000


Qualifying Ratios

Mortgage payment can not exceed 36% gross monthly income or 45% including other debt obligations


Credit History

Applicants must demonstrate "sound" credit history


Information and Fees

Applicant must provide appraisal, credit report, and title insurance costs - other fees may be paid out of loan proceeds

Second Mortgage

Second Mortgage are for the purpose of owner-occupied rehabilitation only or to eliminate mortgage insurance premiums.