USDA Section 504 Home Repair Loan

USDA Rural Development

Available Home Repair

About This Program

Low-interest (1%) loans up to $40,000 for very low-income homeowners to repair or modernize their homes in eligible rural areas of Floyd County. Loans have a 20-year repayment term and can be combined with Section 504 grants.

Loan amount based on repair needs and repayment ability

Key Details

  • Loan up to $40,000 at 1% fixed interest
  • 20-year repayment term
  • Income at or below 50% AMI
  • Rural areas of Floyd County may qualify
  • Can be combined with $10,000 grant for seniors

How to Apply

Get free help applying Visit Official Program Page Track this program

(317) 290-3100

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Deadline: Rolling applications

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