USDA Section 504 Home Repair Loan & Grant

About This Program

For rural homeowners. Grant (age 62+, very low income): up to $10,000 lifetime. Loan (any age, very low income): up to $20,000 at 1% over 20 years. Loans and grants combinable for up to $50,000. Note: Memphis proper may not qualify as ‘rural’ — verify address at USDA Eligibility Site.

Must verify address qualifies as rural at rd.usda.gov; very low income

Key Details

• Grant up to $10,000 for age 62+, very low income (no repayment)
• Loan up to $20,000 at 1% for 20 years
• Combine for up to $50,000 total assistance
• Verify address is rural-eligible at rd.usda.gov first

How to Apply

Deadline: Year-round — verify address eligibility at rd.usda.gov