USDA Section 504 Home Repair Loan

USDA Rural Development

Available Home Repair

About This Program

Very low-interest loan for very-low-income homeowners in eligible rural areas to repair, improve, or modernize their homes. Funds can be used to make homes safer or more sanitary, or to remove health and safety hazards.

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

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

Key Details

  • Low-interest loan for very-low-income rural homeowners
  • 1% fixed interest rate, up to 20 years
  • Income at or below 50% area median income
  • Covers essential repairs and accessibility improvements
  • Check if Homewood address qualifies as eligible rural area

How to Apply

A grant-savvy contractor in Homewood, IL 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 Homewood 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: Rolling applications

Questions about this program?

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

Email us about this program

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 Homewood, IL

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