Low-Interest Septic Replacement Loans
Qualifying landowners can borrow a low-interest loan for a septic system replacement.
It is repaid over seven years with an interest rate of 3% through your property taxes. Loan funds are issued on a first-come, first-serve basis.
Landowners or contractors must contact the HLWD office BEFORE construction begins to qualify for this program.
Application
Have questions or need more information? Contact us!
Email: admin@hlwdonline.org
Phone: 507-793-2462
Upon application submission, please send a $25.00 application fee to:
Heron Lake Watershed District
P.O. Box 345
Heron Lake, MN 56137
Frequently Asked Questions
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Applications can be mailed, emailed, or brought to us in-person. There is an application fee of $25.00. Loans are not approved until the app fee is received.
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Nope! There is no limit to how much you can borrow. However, it is wise to get quotes from a few different contractors to budget properly.
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Loans are repaid through your property taxes over 7 years at 1.5% interest. We can calculate an estimated annual payment upon request.
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Applications are processed within 1 week of submission and presented at the next available monthly Board meeting.
After construction is complete, you submit your contractor bills to us. The Board reviews the invoices at the next monthly meeting and approves payment.
Contractors are typically paid within 1 -2 months of the Board’s decision.
Loan information is sent to your county auditor-treasurer and repayment begins the following year.