USDA Section 504 Home Repair Loan & Grant

About This Program

USDA Rural Development's Section 504 program provides low-interest loans (up to $40,000) and grants (up to $10,000 for homeowners age 62+) to very low-income rural homeowners to repair, improve, or modernize their homes. Loans and grants may be combined up to $50,000. Properties must be in USDA-eligible rural areas; verify eligibility at the USDA eligibility site. Funds are limited and waitlists are common.

Estimate for senior homeowner combining loan and grant for health/safety repairs

Key Details

• Grants up to $10,000 for homeowners age 62+ (very low income)
• Loans up to $40,000 at 1% interest for low-income owners
• Loan and grant can be combined up to $50,000
• Property must be in USDA-eligible rural area – verify address
• Funds are limited; apply early and expect possible waitlist

How to Apply

Deadline: Rolling – contact local USDA Rural Development office