USDA Section 504 Home Repair Loan & Grant

About This Program

USDA Section 504 provides loans up to $40,000 at 1% interest over 20 years for very-low-income homeowners to repair or modernize their homes, plus grants up to $10,000 for homeowners age 62+ to remove health and safety hazards. Combined maximum is $50,000. Most Denver city properties are not eligible (must be in a USDA-designated rural area); suburban and exurban properties near Denver may qualify — check the USDA eligibility map.

Loan: 1% fixed, 20-year term. Grant (seniors 62+): non-repayable up to $10,000. Check USDA eligibility map before applying.

Key Details

• Loan: up to $40,000 at 1% interest, 20-year term
• Grant: up to $10,000 for homeowners age 62+ (non-repayable)
• Income must be below 50% of Area Median Income
• Property must be in USDA-designated rural area — most of Denver city does NOT qualify
• Contact Kathleen Spain, USDA: 720-544-2927 | codirinquiries@usda.gov

How to Apply

Deadline: Rolling — property must be in eligible rural area