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 to repair, improve, or modernize their homes. Loans have 1% interest rate with 20-year repayment terms. Must be unable to obtain affordable credit elsewhere.

1% interest loan with 20-year term; monthly payment approximately $184 per $40k borrowed

Key Details

  • Loan up to $40,000 at 1% interest
  • 20-year repayment term
  • Very-low-income requirement (50% AMI)
  • Must be in eligible rural area
  • Priority for seniors age 62+

How to Apply

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

Deadline: Ongoing; contact local USDA office

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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