USDA Section 504 Home Repair Loan

USDA Rural Development

Available Home Repair

About This Program

Low-interest loans 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. Must be unable to obtain affordable credit elsewhere.

Low-interest loan for major home repairs at 1% fixed rate over 20 years

Key Details

  • Loans up to $40,000 at 1% fixed interest
  • Very-low-income requirement (50% AMI)
  • Must be in eligible rural area
  • 20-year repayment term
  • Must be unable to get credit elsewhere

How to Apply

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

Deadline: Ongoing, applications accepted year-round

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Find More Programs in Grimes, IA

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