Water Well Loans

Steps to Apply for an Water Well Loans powered by Regions Home Improvement Financing

Step 1: Confirm or Locate a Participating Contractor

This loan program requires your contractor to be part of the NGWA–Regions contractor network.

• Option A: Ask your contractor if they are already enrolled. If so, request their:
  • Regions Loan Provider Contractor ID
  • Contractor email address
• Option B: If your preferred contractor is not enrolled:
  • Share this link and encourage them to sign up: https://homeimprovement.rhif.regions.com/ngwa
  • After enrolling, the contractor will receive a Contractor ID to give you for the application.
• Option C: If you don’t have a contractor yet, contact NGWA to see if there’s a participating contractor in your area:
  • Email: loanprogram@ngwa.org
  • Phone: 614-898-7791 (option 1)

Step 2: Complete the Loan Application

• Once you have a participating contractor, select one of the loan options below. On the first screen, you will need to enter:
  • Regions Loan Provider Contractor ID
  • Contractor email address
• Follow the prompts to complete and submit your loan application. Make sure all information is entered accurately. If you need help, reach out to your contractor or contact NGWA using the information above.

Ways to Finance Your Well or Groundwater Project

Traditional Installment Loan

Pay for your water well with equal monthly payments and take advantage of no pre-payment penalties.

*Credit and loans provided by Regions Bank, Member FDIC, (650 S. Main St., Suite 1000, Salt Lake City, UT 84101) on approved credit, for a limited time. 8.99% to 24.49% fixed APR (provided however, APR will not exceed 15.99% for residents of New Jersey and 17.99% for residents of Florida and Wisconsin), subject to change. Minimum loan amounts apply. Interest starts accruing when funds are disbursed. Open line period payments due 90 days after origination and monthly thereafter during open line period. When open line period ends, the balance becomes a fixed rate installment loan; repayment terms vary from 12 to 144 months. Actual loan term may be shorter if less than the full approved amount of credit is used. First monthly loan payment due 30 days from the end of the open line period. Monthly payments vary from $11.49 to $30.27 per $1,000 borrowed depending on term and interest rate. The minimum monthly payment will be no less than $50.00.

12-Month Same-As-Cash*

Interest starts accruing when funds are disbursed. This convenient loan option lets you delay making any payments until next year (on approved credit)! Plus, as long as you pay off the entire loan within the 12 month period, all interest will be waived.

*Credit and loans provided by Regions Bank, Member FDIC, (650 S. Main St., Suite 1000, Salt Lake City, UT 84101) on approved credit, for a limited time. 19.99% fixed APR (provided however, APR will not exceed 15.99% for residents of New Jersey and 17.99% for residents of Florida and Wisconsin), effective as of May 2024, subject to change. Minimum loan amounts apply. Interest starts accruing when funds are disbursed. Interest waived if repaid in 365 days from first disbursement. When open line period ends, the balance becomes a fixed rate installment loan; repayment terms vary from 24 to 132 months. Actual loan term may be shorter if less than the full approved amount of credit is used. First monthly loan payment due 365 days after first disbursement. If no payments made during same-as-cash period and APR of 19.99%, monthly payments vary from $21.99 to $30.82 per $1,000 borrowed depending on term. The minimum monthly payment will be no less than $50.00.

9.99% APR 12-Year Loan**

Pay for your water well with equal monthly payments and take advantage of no pre-payment penalties.

**Credit and loans provided by Regions Bank, Member FDIC, (650 S. Main St., Suite 1000, Salt Lake City, UT 84101) on approved credit, for a limited time. 9.99% fixed APR, subject to change. Minimum loan amounts apply. Interest starts accruing when funds are disbursed. Open line period payments due 90 days after origination and monthly thereafter during open line period. When open line period ends, the balance becomes a fixed rate installment loan; repayment term is 144 months. Actual loan term may be shorter if less than the full approved amount of credit is used. First monthly loan payment due 30 days from the end of the open line period. 144 monthly payments of $12.20 per $1,000 borrowed. The minimum monthly payment will be no less than $50.00.