Water Well Loan Assistance Program
Gainesville & North Georgia!
Individual Household Well Loan Program
The Southeast Rural Community Assistance Project, Inc. has created a new Individual Household Well Loan Program. This program is designed to assist low to moderate income individuals needing loans to construct, refurbish and service their household well.
Call C&S Well Pump Service if you think you qualify, and we will assist you with your application and have your water system operational within few weeks.
Click here for Individual Household Well Program Info Sheet & Application.
This entire process usually takes about 2 to 3 weeks.
The following are guidelines for the program:
·The maximum loan amount is $11,000
·Interest Rate of 1%
·Term is up to 10 years
·Applicant must own and occupy the home
·The well may not be associated with the construction of a new home
·Applicant submits application
·Applications are usually processed within (10) business days
·Loan closing documents mailed to applicant
·Applicants have (2) weeks to return signed forms
·A lien is placed on the applicant’s property
·The Contractor is notified to proceed with work
·The Contractor is paid by Southeast RCAP, Inc.
The household water well system loan program is designed to assist low- to moderate-income individuals needing loans to construct, refurbish and service their household well systems. The purpose of the program is to target loans to the significant numbers of homeowners in the seven states whose geographically isolated households lack water service, but for whom it is not feasible to be connected to new or existing community water systems.
Loan applicants must own and occupy the home for which they are applying for a water well loan. The water well system being funded may not be associated with the construction of a new dwelling. Also the water well system being funded by the loan may not be used to substitute for water service available from collective water systems. The home using the water well system must be located in a rural area, and the combined household income for an individual applying for a loan should not be more than 100 percent of the median non-metropolitan household income for the state. Priority will be given to applicants who are disabled, elderly or who have minor children.
The loans have a one percent interest rate and a twenty-year repayment term. A maximum of $11,000 per household may be borrowed under this program.
C&S Well Pump Service
5918 Frank Gailey Rd
Clermont, GA 30527
770-540-9657 Phil Cowan
Well Drilling & Water System Services
Serving Gainesville, Atlanta and North Georgia