USDA Section 504 Home Repair Loan & Grant

About This Program

The USDA Section 504 program provides very-low-income homeowners in eligible rural and suburban areas with up to $40,000 in 1% fixed-rate loans and up to $10,000 in outright grants (for homeowners age 62+) to repair, improve, or modernize their homes. Loans and grants can be combined up to $50,000 (or $55,000 in presidentially declared disaster areas). Note: Some Boston-area communities may qualify; check rural area eligibility at rd.usda.gov.

Loan: up to $40,000 at 1% fixed, 20-year term. Grant (62+): up to $10,000. Combined max: $50,000. Very-low-income only. Rural/suburban areas only — verify address eligibility.

Key Details

• Up to $40,000 loan at 1% fixed rate for very-low-income homeowners
• Up to $10,000 outright grant for homeowners age 62 or older
• Loans and grants combinable up to $50,000 total
• Must be very-low-income; property must be in a USDA-eligible rural area
• Contact USDA Rural Development at rd.usda.gov to verify address eligibility

How to Apply

Deadline: Year-round applications