USDA Section 504 Home Repair Loan

USDA Rural Development

Available Home Repair

About This Program

Low-interest loans (1% fixed) for very-low-income homeowners in eligible rural areas to repair, improve, or modernize their homes. Must be unable to obtain affordable credit elsewhere. Eligible areas include portions of Alamance County outside Burlington city limits.

1% fixed-rate loan amount based on cost of necessary repairs

Key Details

  • Loan up to $40,000 at 1% fixed interest rate
  • Very low-income homeowners in eligible rural areas
  • Cannot obtain affordable credit elsewhere
  • 20-year repayment term
  • Portions of Alamance County qualify

How to Apply

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

Deadline: Ongoing program, subject to funding availability

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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