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. Priority for seniors age 62+ who may qualify for grants up to $10,000 to remove health and safety hazards.

Loan amount based on repair needs and repayment ability

Key Details

  • Up to $40,000 loan at 1% interest
  • Seniors 62+ may qualify for grants up to $10,000
  • Very low income required (50% AMI)
  • Must be in eligible rural area near Evansville
  • 20-year repayment term available

How to Apply

Deadline: Applications accepted year-round

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