USDA Section 504 Home Repair Loan

USDA Rural Development

Available Home Repair

About This Program

Low-interest (1%) loan for very low-income homeowners in eligible rural areas of Beverly to repair, improve, or modernize homes. Maximum $40,000 with 20-year repayment term. Can be combined with Section 504 grant for total assistance up to $50,000.

Loan at 1% interest with 20-year term; can combine with $10,000 grant for total $50,000 assistance

Key Details

  • Loan up to $40,000 at 1% interest
  • 20-year repayment term
  • Income below 50% AMI required
  • Can combine with $10,000 grant
  • For eligible rural areas of Beverly

How to Apply

Get free help applying Visit Official Program Page Track this program

(508) 829-4477

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

Deadline: Ongoing, subject to funding availability

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