USDA Section 504 Home Repair Loan & Grant

About This Program

USDA Section 504 provides repair loans up to $40,000 at 1% fixed interest over 20 years to very-low-income rural homeowners, and grants up to $10,000 (lifetime) to homeowners age 62+ to remove health and safety hazards. Loans and grants can be combined for up to $50,000 in total assistance. Properties must be in USDA-eligible rural areas.

Grant only for age 62+: up to $10,000 lifetime. Loan: up to $40,000 at 1% fixed over 20 years. Combined max $50,000.

Key Details

• Grant up to $10,000 lifetime for homeowners age 62+ (very-low income)
• Loan up to $40,000 at 1% fixed interest over 20 years
• Loan + grant can be combined for up to $50,000 total
• Property must be in a USDA-eligible rural area
• Covers health/safety hazards, structural repairs, accessibility upgrades

How to Apply

Deadline: Rolling, apply at local USDA Rural Development office