Oregon DEQ: Water Quality - Clean Water State Revolving Fund Loan Program, Current Interest Rates

The CWSRF loan program charges interest rates that are calculated based on criteria defined in Oregon Administrative Rule 340-054-0065. Different interest rates and other financial terms apply to different types of loans and to loans of differing repayment periods. Rates are adjusted quarterly, based on the average Bond Buyer rates of the previous quarter, as published by the Federal Reserve. Once a loan is signed, the interest rate is fixed for the life of the loan. If the schedule below indicates that a fee is charged, the fee amount is equal to 0.5% of the unpaid balance, and is collected annually. These are the rates effective for loans executed from April 1 through June 30, 2013:

Loan Type	Repayment Term	Interest Rate	Annual Fee?
Planning	5 years	.93%	No
Interim	Paid when long-term financing is completed	.93%	No
Small Communities, Below Statewide MHI
Design/Construction	5 years	.93%	Yes
Design/Construction	10 years	1.12%	Yes
Design/Construction	15 years	1.31%	Yes
Design/Construction	20 years	1.49%	Yes
All Other Borrowers
Design/Construction	5 years	.93%	Yes
Design/Construction	10 years	1.68%	Yes
Design/Construction	15 years	1.86%	Yes
Design/Construction	20 years	2.05%	Yes
Local Community Loan	10 years	1.86%	Yes
Sponsorship Option	5-20 years	Minimum rate=1%	Yes

Contact Rick Watters for additional financial information, or if you have questions about these loan terms at 503-229-6814 or email.