USDA Rural Development Section 504 Loan

USDA Rural Development

Available Home Repair

About This Program

Low-interest loan to very low-income rural homeowners for repairs, improvements, or modernization. Terms up to 20 years at 1% fixed interest. Can be combined with Section 504 grant for applicants age 62+.

Loan at 1% fixed interest over 20 years; monthly payment estimate shown

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

Key Details

  • Loan up to $40,000 at 1% fixed interest
  • 20-year repayment term available
  • Very low income required (50% AMI or below)
  • Covers major repairs and modernization
  • Can combine with $10,000 grant if age 62+

How to Apply

A grant-savvy contractor in Lovell, WY 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 Lovell 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 year-round

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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