Well & Septic Loans

Well & Septic Loans

Front of two-story home at night with lights on

Electric cooperative members installing private wells and/or septic systems for existing homes served by the cooperative are eligible.

  • $10,000 for 5 years at 4% interest
  • $10,000 for 10 years at 5% interest

Any participating electric cooperative member with a good credit record and in good standing with his or her cooperative is eligible for a loan.

The property must be served by the participating electric cooperative. Please see our brochure and our application.

Application Process

Download an application, contact Homeward at 515-532-6477 or homeward@mchsi.com, or contact your REC.

After you complete the application, send it, along with any additional requested information, to:

Homeward, Inc.
Program Manager
P.O. Box 172
Humboldt, IA 50548

HOMEWARD, INC. DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL ORIGIN, RELIGION, AGE, SEX, DISABILITY, FAMILIAL STATUS OR SEXUAL ORIENTATION. WE DO BUSINESS IN ACCORDANCE WITH THE FEDERAL FAIR HOUSING LAW.