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 near Bessemer to repair, improve, or modernize homes. Loans are at 1% fixed interest with terms up to 20 years. Property must be in USDA-eligible rural area.

1% interest loan, monthly payment estimate based on 20-year term

Key Details

  • Loan up to $40,000 at 1% fixed interest
  • 20-year repayment term
  • Must be in USDA-eligible rural area
  • Income at or below 50% AMI required
  • Owner-occupied property only

How to Apply

Get free help applying Visit Official Program Page Track this program

(334) 702-6390

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Deadline: Applications accepted year-round

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