USDA Section 504 Home Repair Loan

About This Program

Low-interest loans up to $40,000 (1% fixed, 20-year term) for very-low-income homeowners in eligible rural areas near Enid to repair, improve, or modernize homes. Enid itself is not eligible, but surrounding Garfield County rural areas may qualify.

1% interest, 20-year loan; $40,000 loan = ~$220/month payment

Key Details

• Loan up to $40,000 at 1% fixed interest
• 20-year repayment term
• Must be in eligible rural area (outside Enid city limits)
• Income at or below 50% AMI required
• Covers major repairs and accessibility modifications

How to Apply

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

Deadline: Applications accepted year-round