State Revolving Loan Fund Interest Rates

Loan Terms

Interest Rates 

• Standard MWIFA Interest Rate (excluding admin) for loans that closed in 2023 ranged from 1.60% to 1.90%.

• Disadvantaged Community MWIFA Interest Rate (excluding admin) for loans that closed in 2023 ranged from 0.80% to 0.90%.

Loan Terms

• DWRLF: Up to 30 years (up to 40 years for Disadvantaged Communities, not to exceed useful life of asset).

• WQRLF: Up to 30 years (not to exceed useful life of asset).

Administrative Fee

• 5% of the aggregate debt service divided by loan term, collected annually. The administrative fee covers MWQFA operating expenses.

• SRF ​loan interest rates change monthly​ based on the average of the Bond Buyer 11-Bond Index (BB11-BI) for the month prior to loan closing. The standard SRF interest rate is equal to 50% of the ​BB11-BI and the Disadvantaged Community interest rate is 25% of the BB11-BI.

Other state and federal subsidies in the form of principal forgiveness and/or grant may be available if the local jurisdiction or project service area is classified by MWIFA as a “Disadvantaged Community”.

For additional information, please call (410) 537-3119.

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