Become a participating lender

  1. The lender must complete the online application and send the Lender Participation Agreement to IFA at 1963 Bell Ave., Suite 200, Des Moines, Iowa  50315. Or fax it to IFA at 515.725.4901.
  2. After receiving the signed Lender Participation Agreement, IFA will activate the lender. The lender may now access the online system.

Project Application Process
The borrower works with the local County Sanitarian on the initial phases of the project. For more information on project eligibility or approval, contact Eric Wiklund at 515.725.0313.

Loan Application Process

  1. The borrower completes the lender’s normal loan application process.
  2. When the local lender approves the loan, the lender completes the OSWAP online application.

Loan Completion

  1. After the project has been completed, inspected and certified by the County Sanitarian, the OSWAP approval form along with the appropriate invoices are mailed to Eric Wiklund at DNR or faxed to him at 515.725.8202. DNR will approve the project and loan amount on-line.
  2. After DNR approves the project, IFA approves the loan and the lender receives an e-mail that funds can now be requested.
  3.  The lender may request the funds online. This involves entering loan details (date of loan, term of loan, lender contact, etc.).
  4. Funds are deposited in the financial institution and the borrower receives his/her loan from the lender.


  1. Approximately two weeks before the anniversary date of the loan, IFA will send a notice to the local lender via e-mail reminding the lender that IFA will withdraw from its deposit account an amount approximately equal to the principal that has been repaid.
  2. The amount in the deposit account and the amount of the outstanding principal on the loan will be the same.