USDA Rural Development
Grants up to $27,500 for homeowners 62+ and very low income (under 50% AMI) and loans up to $40,000 at 1% interest for owner-occupants in eligible rural areas near Albert Lea. Repairs must remove health and safety hazards.
Grant portion for seniors 62+; loan portion at 1% interest for 20 years
Federal program, maintained from the official federal source.
Data last verified 2026-06-09. How we verify our data.
This is a national program. In Albert Lea, MN, you can stack it with local programs like these:
A grant-savvy contractor in Albert Lea, MN can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.
You will likely need a contractor to apply
Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in Albert Lea early keeps your application moving.
Get matched with a contractorEach program sets its own contractor rules. Check the official program page for exact requirements.
Form to file: USDA Form RD 410-4 (with RD 3550-1 and RD 3550-4)
Very low income rural homeowners can get a loan to repair or modernize their home, and homeowners age 62 and older can get a grant to remove health and safety hazards. Loans and grants combine up to 50,000 dollars, with grants capped at 10,000 dollars. You apply through your local USDA Rural Development office.
Steps to apply
Documents you will likely need
Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.
Deadline: Rolling applications, subject to annual funding
Ask us. It is free, and a real person answers within a business day.
Email us about this programGrant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.
Rebates and discounts that stack on top of any grant. Most are free to use.
This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.
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