Coldwell Banker Atlantic Realty
32 Main Street
Orleans, MA 02653

(877) 698-9880

(800) 676-5701

Cape Cod Real Estate by Coldwell Banker Atlantic Realty

Coldwell Banker Atlantic Realty
32 Main Street, Orleans

(877) 698-9880

125 Underpass Road, Brewster

(800) 676-5701

Title 5 Loan

Financial help with a 5% interest rate betterment loan is now available through the Community Septic Management Program.

Home owners can now comply with Title 5 regulations. Loans, repayable over 20 years, cover all costs associated with the septic system upgrade.

Program Specifics:

  • Existing septic system must be “failed”.
  • All costs associated with carrying out a project required by Title 5 are eligible.

  • 5% interest rate on loan.
  • Betterment assessment on property secures loan.
  • Maximum of 20-year repayment term.
  • Payments are made quarterly, payable to Barnstable County
  • Loans may be repaid without prepayment penalty.
  • Loan must be repaid in full upon property title transfer.
  • Loans to be made only for residential properties.
  • Residential properties include condominiums and apartments
  • Homeowner obtains written bids for system design then contracts for work.
  • Homeowner obtains written bids for system installation then contracts for work.
  • Two-party check issued from County Finance Department for work completed.
  • Certificate of Compliance must issue before final payment is made.

Last updated: July 24, 2007