USDA Section 504 Home Repair Loan

USDA Rural Development

Available Home Repair

About This Program

Low-interest loans up to $40,000 for very low-income homeowners in eligible rural areas to repair or improve their homes. Fixed interest rate of 1% with up to 20-year repayment term.

Low-interest loan at 1% fixed rate, 20-year term available

Key Details

  • Loans up to $40,000 at 1% fixed interest
  • Up to 20-year repayment term
  • For rural homeowners with income ≤50% AMI
  • Must be unable to obtain credit elsewhere
  • Covers health and safety repairs

How to Apply

A grant-savvy contractor in Altoona, IA can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Rolling applications

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

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