Interim Loan Program

• Construction financing with a USDA Takeout
• Streamlined and efficient application and documentation
• Fixed rate for the term of construction
• All costs in the loan rate
• Interest is capitalized
• 2 yr. Loan rate fixed: 4.55%*
• Avg Net Cost of Funds: 2.45%*

Finance Team History:
1,500+ loans for more than $4 billion

Flex Term Program

• AA- rated tax-exempt
• No borrower DSRF required
• Fixed rates, 1-30 years
• Variety of project types
• Funding can be provided in 90-120 days
• BABAA, AIS, Davis-Bacon do not apply to this Program
• 15 yr. fixed rate est: 4.12%*
• 30 yr. fixed rate est: 4.70%*

Finance Team History:
300+ loans for $500 million

As of  4/7/2025

Here are a few highlights:

• Borrowers can apply for financing directly via the RWFA website at www.ruralwaterfinance.com. This is a simple application process that allows for the uploading of the required documents. Your consultant or yourself can complete this application. No additional outside help should be necessary.
• The RWFA offers two financing programs:
  • 1. Interim Program: construction financing for USDA projects
    • Interest is capitalized; the borrower will not pay interest during construction
    • Fixed interest rate for the estimated term of construction
    • No additional costs to the borrower other than the interest cost
    • The interim loan can be closed after receipt of USDA interim lender takeout letter
  • 2. Flex Term Program: for short-term or long-term projects
    • 1- to 30-year fixed rates
    • AA- rated Program, no borrower reserve requirement
    • No population requirement
    • Variety of project types (construction, refinancing, cost-overruns, match funding, etc.)
    • Not subject to Building America, Buy America Act (BABAA), Davis Bacon or American Iron and Steel Requirement (AIS)
• The loan disbursement process in both programs is streamlined and efficient (no invoices required).

The RWFA and its finance team have provided loans to more than 1,500 borrowers throughout the U.S. for more than $4 billion since 1995. We believe this new option will streamline the financing process in Kansas, making it more uniform for borrowers, engineers, attorneys, etc. KRWA welcomes the opportunity to discuss this financing option and put you in contact with the professionals that manage the program. Email to Elmer Ronnebaum at krwa@krwa.net or Daryn Martin at dmartin@krwa.net.