Homeowners facing repairs on-lot septic systems are eligible for low-interest loans though the PENNVEST Homeowner Sewage Program is a joint venture between the Pennsylvania Infrastructure Investment Authority (PENNVEST), the Department of Environmental Protection (DEP), and the Pennsylvania Housing Finance Agency (PHFA) to assist homeowners with the repair or replacement of on-lot septic systems.
The PENNVEST Homeowner Septic Program has the following features:
• 1.75% interest rate (2.55% APR)
• Maximum loan amount of $25,000
• No restrictions on household income
• Terms up to 20 years (15 years for manufactured homes)
• No prepayment penalty
Applicants must go through a participating lender to start the loan process. The lenders underwrite the loan and work with homeowners until closing is completed. PHFA then services the loan for the entire life of the loan.
For more information, including a list of participating lenders, please click here. To start the PENNVEST application process, homeowners should contact a participating lender or call PHFA at 1-855-U-Are-Home (827-3466) and then press “0” for the Customer Solutions Center. Interested homeowners may also email septic@phfa.org with questions.
