USDA Section 504 Home Repair Loan

U.S. Department of Agriculture Rural Development

Available Home Repair

About This Program

Low-interest loans (1%) up to $40,000 for very low-income homeowners in eligible rural areas of San Juan County to repair or improve their homes. Available to homeowners age 62+ or unable to obtain affordable credit elsewhere. 20-year repayment term.

Loan at 1% fixed interest, 20-year term, monthly payment approximately $184 per $40,000

Key Details

  • Up to $40,000 at 1% fixed interest
  • 20-year repayment term
  • Income at or below 50% AMI required
  • Must be in eligible rural area of San Juan County
  • Priority for homeowners 62 and older

How to Apply

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

Deadline: Year-round applications

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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