USDA Section 504 Home Repair Loan

USDA Rural Development

Available Home Repair

About This Program

Low-interest loans for very low-income rural homeowners to repair, improve, or modernize their homes. Grants administers this program is eligible as a rural area. Maximum 20-year repayment term at 1% fixed interest.

Low-interest loan at 1% with up to 20-year repayment term

Data last verified 2026-06-09. How we verify our data.

Key Details

  • Loan up to $40,000 at 1% fixed interest
  • 20-year maximum repayment term
  • Must be very low-income rural homeowner
  • Covers repairs, improvements, and accessibility
  • Grants qualifies as rural area

How to Apply

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

You will likely need a contractor to apply

Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in Grants early keeps your application moving.

Get matched with a contractor

Each program sets its own contractor rules. Check the official program page for exact requirements.

Deadline: Year-round applications accepted

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

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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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