Financial Assistance Branch Frequently Asked Questions
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QUESTION:
Where can I find information on the loan program to repair my failing septic system? |
ANSWER:
Click here for information about the Septic Rehabilitation Loan Program. |
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What are the income requirements in order to qualify for a septic rehabilitation loan? |
Click here to find out if you would qualify for a loan under the income guidelines. |
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What is the interest rate and what is the length of time to repay the loan? What costs would be eligible under the loan? |
Financing is available at an interest rate of 3 or 6 percent depending on income. It can be repaid over 20 years with no prepayment penalty, with a minimum loan of $1,000 and a maximum loan of $25,000 for individual systems, and a maximum loan of $250,000 for community or mobile home park systems. Eligible costs include:·Site evaluation fees; Septic system design fees; Permit fees; Construction costs. |