USDA Section 504 Home Repair Loan

About This Program

Low-interest loans up to $40,000 (1% fixed) for very low-income homeowners to repair, improve, or modernize homes in eligible rural areas. Isle of Palms may qualify as a rural area for certain program purposes. 20-year repayment term.

Low-interest loan at 1% fixed rate, 20-year term

Key Details

• Up to $40,000 loan at 1% fixed interest
• For very low-income homeowners (50% AMI)
• 20-year repayment term
• Must be unable to obtain affordable credit elsewhere
• Contact USDA to verify Isle of Palms eligibility

How to Apply

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

Deadline: Rolling applications, subject to funding