USDA Section 504 Home Repair Loan

USDA Rural Development

Available Home Repair

About This Program

Low-interest loan (1% fixed) for very low-income homeowners in eligible rural areas near Muncie to repair, improve, or modernize homes or remove health and safety hazards. Loans up to 20 years for homeowners unable to obtain affordable credit elsewhere.

1% fixed-rate loan, monthly payment estimate based on 15-year term

Key Details

  • Loan up to $40,000 at 1% fixed interest
  • Very low income required (50% AMI or below)
  • Must be in eligible rural area near Muncie
  • Up to 20-year repayment term
  • Cannot obtain affordable credit elsewhere

How to Apply

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

Deadline: Rolling applications

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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