Standard Rate 1.50% (excluding admin)Disadvantaged Community Rate 0.70% (excluding admin)
Other subsidies (loan forgiveness/grant) may be available if the service area is classified by MWQFA as a “Disadvantaged Community”.
• DWSRF: Up to 20 years (up to 30 years for Disadvantaged Communities).
• WQSRF: Up to 30 years (based on useful life of asset).
• 5% of the aggregate debt service divided by 30, collected annually. This amounts to approximately 0.35% increase in the loan interest rate. The administrative fee is to cover Program operating expenses.
• SRF loan interest rates change monthly. The interest rates are 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 equal to 25% of the BB11-BI.
For additional information, please call (410) 537-3119.
1800 Washington Boulevard, Baltimore, MD 21230