USDA Section 504 Home Repair Loan

USDA Rural Development

Available Home Repair

About This Program

Low-interest loan for very-low-income homeowners in eligible rural areas to repair, improve, or modernize their homes. Loans up to $40,000 at 1% interest for up to 20 years for households unable to obtain affordable credit elsewhere.

1% interest loan, 20-year term, monthly payment approximately $184 per $40,000 borrowed

Key Details

  • Loan up to $40,000 at 1% interest
  • For very-low-income rural homeowners
  • 20-year repayment term available
  • Owner-occupied homes in eligible rural areas
  • Must be unable to get affordable credit elsewhere

How to Apply

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

Deadline: Rolling applications, subject to funding availability

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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