PENNVEST Homeowner Septic Program

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Members Choice has partnered with The Pennsylvania Infrastructure Investment Authority (PENNVEST) to offer low-interest loans to members who need to repair or replace their individual on-lot septic system or to connect to a public sewer system for the first time.

Benefits to You

  • Receive an attractive rate for this vital home improvement
  • No prepayment penalty if the loan is paid off early
  • Eliminate worries about your septic system when you sell your home
  • Improve the environmental health of your property
  • Avoid or respond to citations from your municipality

Loan Terms

  • Interest rate of 1.75%
  • Terms up to 20 years
  • Maximum loan amount is $25,000
  • Loan origination charges apply
  • Loans will be secured by a mortgage on the borrower’s home
  • In most cases, the PENNVEST loan must be in first or second lien position
  • Loans may be assumable by or simultaneously originated for qualified borrowers receiving a PHFA purchase money mortgage, with PHFA’s pre-approval

Eligibility

  • No restrictions on household income
  • Borrowers will be underwritten to determine ability to repay the loan
  • Borrowers must be PA residents seeking to improve their primary residence which meets program requirements
  • For first-time sewer connections, any area of PA is eligible.
  • Allowable project types include: rehabilitation, improvement, repair, or replacement of an existing septic system or a first-time connection to a public sewer
  • Financeable project costs include: system design charges, construction fees and costs, inspection, and permit fees, connection fees, and most loan origination fees
  • Documentation: applicants must gather and provide for lender and PHFA review, all income and credit information, applicable permits, project specifications, connection fees for sewer connections, or, if you are replacing or repairing an on-lot septic system, verification from your local municipality that a wastewater disposal system neither exists nor is planned in the next five years