USDA Section 504 Home Repair Loan & Grant

About This Program

USDA program provides loans up to $27,500 and grants up to $10,000 for very-low-income homeowners age 62+ in eligible rural areas near Odessa to repair, improve, or modernize homes or remove health and safety hazards. Grant does not require repayment; loan is 1% interest for 20 years.

Combination of 1% loan and grant; seniors 62+ may receive grant portion

Key Details

• Up to $27,500 loan at 1% interest
• Up to $10,000 grant for seniors 62+
• Very low income required (50% AMI)
• Must be in eligible rural area
• 20-year loan term

How to Apply

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

Deadline: Rolling applications subject to funding