Clean Water Loans

Loans to replace failing septic systems

Finding out your septic system is failing can be scary and expensive — but getting it fixed doesn’t have to be. That’s where Craft3 comes in. With support from many partners, we offer an affordable Clean Water Loan to help families repair or replace their failing septic system with no money down.

Our Clean Water Loan makes it easier to fit the complete cost of designing, permitting, installing and maintaining your septic system into your household budget. In some cases, you can also finance connection to a nearby municipal sewer system.

Craft3 has unique approval criteria and repayment terms that work for a wide range of property types and family circumstances. Fewer failing septic systems in our communities means fewer families vulnerable to displacement and less pollution that can harm our children, natural resources and local industries reliant on clean water.

Our loan works for you

Eligibility

  • Properties can be owner- or non-owner occupied. Rentals and second homes are eligible.
  • One of the following must apply:
    • your septic system is at least 25 years old;
    • your system is failing and you have evidence to support it;
    • you have been contacted by Health Officials; or
    • you are under orders to fix your septic system.
  • Counties currently served by Craft3:
    • Washington: Clallam, Grays Harbor, Jefferson, King, Kitsap, Mason, Pacific, Pierce, Snohomish, Thurston, Wahkiakum and Whatcom.
    • Oregon: Deschutes County
    • Commercial Septic Systems: Anywhere in Oregon or Washington

We make replacing your septic system easy
  1. Submit your loan application online or download a PDF. Receive pre-approval within three business days. If you mail your application, pre-approval may take longer.
  2. Obtain a design for your system, permits and installation bids from a county-approved contractor.
  3. Finalize your Craft3 loan. Securely sign your loan documents electronically or by mail. 50 percent of your loan amount is available upfront for design, permits and installation.
  4. Oversee the work by your contractor to repair or replace your septic system.
  5. Authorize Craft3 to pay your contractor once work is completed to your satisfaction and approved by the county.
  6. Enjoy your new system — making sure to maintain it properly. All loans include a $2,000 reserve to support your system’s ongoing health.
  7. Repay your Craft3 loan via convenient automatic bank payments.
Rates & Terms

Washington Residential Properties
Loan rates and terms determined by applicants annual household income, with public and private support.

Annual
Household Income
Interest
Rate
Loan
Terms**
Example
Project and Loan
Up to $35,000,
owner-occupied
1.99%
(2.04% APR)
No monthly payments
required.***
Terms up to 15 years.
$15,000 loan amount*,
no monthly payments for 179 months,
1 balloon payment of $19,456 due on the 180th month.
$35,001 - $55,000,
owner-occupied
3.99%
(4.36% APR)
Monthly interest-only
payments.***
Terms up to 15 years.
$15,000 loan amount*,
179 monthly interest payments of $50.83,
1 balloon payment of $15,051 due on the 180th month.
Greater than $55,000
- or -
Non-owner-occupied, rental
property or secondary home
4.99%
(5.62% APR)
Monthly principal and
interest payments.
Terms up to 15 years.
$15,000 loan amount*,
$118.58 per month,
15 year term (180 months).

Deschutes County, Oregon Residential Properties
Owner-occupied and non-owner-occupied properties (including rental properties and secondary homes).

Annual
Household Income
Interest
Rate
Loan
Terms**
Example
Project and Loan
All 4.99%
(5.62% APR)
Monthly principal and
interest payments.
Terms up to 15 years.
$15,000 loan amount*,
$118.58 per month,
15 year term (180 months).
APR, Annual Percentage Rate
* Loan availability, terms and conditions current as of 6/1/2016 and are subject to change. Residential property examples include financing of Craft3 $595 loan fee. Not all applicants will qualify.
** Principal balance and interest (if applicable) due on sale, transfer, refinance or maturity.
*** If, after 15 years, homeowner has not sold, refinanced or otherwise transferred ownership of the property, is in compliance with the loan agreement, and meets relevant lending/program criteria, the 15-year loan period may be extended, at the lender’s sole discretion, for up to an additional five years.

 

Our Supporters
The Boeing Company Charitable Trust
Clallam County
Bill & Melinda Gates Foundation  
Grays Harbor County
Greater Tacoma Community Foundation
Hood Canal Coordinating Council
Jefferson County
King County
Kitsap County
Kitsap Public Health District
Laird Norton Family Foundation
Mason County
National Fish & Wildlife Foundation
Pacific Coast Shellfish Growers Association
Pacific County
Pierce County
Participating OSS Professionals
Port Gamble S'Klallam Tribe

 

Public Health Seattle & King County
Puget Sound Partnership
Skokomish Tribe
Snohomish County
Tacoma-Pierce County Health Dept.
The Russell Family Foundation
Thurston County
U.S. Environmental Protection Agency
University of Washington Sea Grant
Washington Onsite Sewage Assoc.
Washington State Department of Ecology
Washington State Department of Health
Washington State Legislature
Washington State University Extension
Wahkiakum County
Wells Fargo
Whatcom County
Titcomb Foundation