USDA Section 504 Home Repair Loan & Grant

About This Program

USDA Section 504 provides very-low-income rural homeowners with 1% interest loans up to $40,000 for 20 years to repair, improve, or modernize their homes, and outright grants up to $10,000 for homeowners 62+ to remove health and safety hazards. The two can be combined for up to $50,000 in assistance. Properties must be in USDA-eligible rural areas — check specific Austin-area addresses using the USDA eligibility map.

Loan at 1% interest, 20-year term. Grant (age 62+) up to $10,000 lifetime. Combined max $50,000. Must verify rural eligibility for specific address at rd.usda.gov. Very low income = generally below 50% AMI.

Key Details

• Grant up to $10,000 (age 62+) + 1% loan up to $40,000 — combined $50,000 max
• Income ≤ 50% AMI (very low income); property must be in rural eligible area
• 1% fixed interest, 20-year loan term — no down payment
• Check USDA rural eligibility map for specific Austin-area addresses
• Contact USDA RD at 800-670-6553 or visit local office

How to Apply

Deadline: Rolling — high demand; waitlists possible