USDA Section 504 Home Repair Loan & Grant

About This Program

USDA Section 504 provides home repair loans up to $40,000 at 1% fixed interest over 20 years to very-low-income rural homeowners, and grants up to $10,000 (lifetime) to homeowners age 62+ to remove health and safety hazards. Loans and grants can be combined for up to $50,000. This program applies to rural and small-town areas of Dane County outside the Madison metro core.

Grant only for age 62+: up to $10,000 lifetime. Loan: up to $40,000 at 1% fixed over 20 years. Combined max $50,000.

Key Details

• Grant up to $10,000 lifetime for homeowners age 62+ (very-low income)
• Loan up to $40,000 at 1% fixed interest over 20 years
• Loan + grant can be combined for up to $50,000 total
• Rural areas of Dane County outside Madison metro only
• Covers health/safety hazards, structural repairs, accessibility

How to Apply

Deadline: Rolling — apply at local USDA Rural Development office