USDA Section 504 Home Repair Loans

About This Program

Low-interest loans for very low-income homeowners in eligible rural areas near Kokomo to repair, improve, or modernize homes. 1% fixed interest rate with up to 20-year repayment term.

Loan at 1% interest, monthly payment roughly $200 per $40,000 borrowed

Key Details

• Low-interest loan up to $40,000 at 1% fixed rate
• Very low income (50% AMI or below)
• Must be in eligible rural area near Kokomo
• Up to 20-year repayment term
• For home repairs and modernization

How to Apply

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

Deadline: Rolling applications, contact local USDA office