USDA Section 504 Home Repair Loan & Grant

About This Program

Low-interest loans and grants to very low-income rural homeowners to repair, improve, or modernize their homes, or to remove health and safety hazards. Grants available only to homeowners 62+ who cannot repay a loan.

Seniors 62+ may receive up to $10,000 grant plus $27,500 loan at 1% interest

Key Details

• Loans up to $27,500 at 1% interest for 20 years
• Grants up to $10,000 for seniors 62+ unable to repay loan
• Income at or below 50% area median income
• Must be in rural area (Forest Park qualifies)
• Covers health, safety, and accessibility repairs

How to Apply

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

Deadline: Rolling applications, contact local USDA office