Septic Replacement Loan Program
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Information for Homeowners
The Septic Replacement Loan Program (SRLP), created in partnership with the Michigan Department of Environment, Great Lakes, and Energy (EGLE), provides low-interest financing to Michigan homeowners for the replacement of failing or near-failing septic systems and connections to municipal sewer. EGLE contracted Michigan Saves to develop and manage the program.
A failing septic system can back up wastewater into your home or discharge wastewater onto the ground surface, potentially contaminating surface and drinking water supplies. This can expose children and pets to dangerous bacteria and viruses in your yard, which can then be tracked into your home. Replacing a failed septic system can be an unexpected financial burden, which is why the SRLP provides low-interest loan options for Michigan homeowners in need.
Homeowners can access two loan tiers by working with a Michigan Saves authorized septic installation contractor: income-based financing (tier one) and market-based loans (tier two). Information collected in the loan application will determine the tier the applicant will be considered for; guidelines can be found on our website. For both tiers, actual rates, terms, and loan amounts may vary based on factors collected during the loan application.
Program Eligibility
- Single-family homes, owner-occupied or rental property
- Sites with documented failing, near-failing, nonexistent, or similarly inadequate septic systems (as determined and documented by your local health department)
- Eligible costs include evaluation of the system, design, pumping, and installation. Connections to municipal sewer are also eligible if the existing septic system has been determined to be failing and an existing sewer connection is available and accessible.
- All systems funded through this program must meet SRLP minimum standards
Tier One
Income-Qualified Loans
Tier one loans are available based on household income (proof of income required); however, other financial indicators from your credit report are also used to determine eligibility.
- Loan amounts from $1,000 to $30,000 per project
- Interest rates no higher than 1%; terms up to ten years
- Unsecured loan, no lien or collateral required
- Required credit report check includes a review of financial history, such as debt levels, past bankruptcies, foreclosures, and any outstanding collections
- Loans are only available through TRUE Community Credit Union
See the back of this flyer for more details on tier one income eligibility.
Tier Two
Market-Based Loans
Tier two loans are available to all customers and use traditional credit checks to determine eligibility, including factors like your credit score and financial history.
- Loan amounts from $1,000 to $50,000 per project
- Interest rates vary by lender and are based on credit qualifications
- Unsecured loan, no lien or collateral required
Visit our website for current interest rates for tier two loans.
How to Get Started
- Contact your local health department to establish the project scope and to obtain a construction permit. All systems permitted through the SRLP must be designed under the program's minimum standards. Find these standards at michigansaves.org/programstandards.
- Apply for a Michigan Saves loan at
michigansaves.org/loancenter once you have obtained an LHD construction permit and bid from your authorized contractor. Use the Michigan Saves Contractor ID# below in your loan application.
Scan to Apply
Hutchinson’s Septic and Excavating Inc
Michigan Saves Contractor ID# 203949
(231) 839-4213
hutchinsonsepticandexcavating.com
hutchsep@gmail.com
2025 Tier One Additional Details
2025 Income Eligibility*
| Persons in Household | Maximum Annual Household Gross Income to Qualify |
|---|---|
| 1 | $31,300 |
| 2 | $42,300 |
| 3 | $53,300 |
| 4 | $64,300 |
| 5 | $75,300 |
| 6 | $86,300 |
| 7 | $97,300 |
| 8 | $108,300 |
*Other financial indicators from your credit report are also used to determine eligibility. Income levels are updated annually–check our website for the latest information.
For More Information or Questions About the SRLP
(517) 484-6474
Michigan Department of Environment, Great Lakes, and Energy
Anne Mitchell, Program Manager
(517) 914-4254
EGLE-DWEHD-SRLP@michigan.gov