USDA Section 504 Home Repair Loan & Grant

USDA Rural Development

Available Home Repair

About This Program

Federal grants up to $10,000 and loans up to $40,000 for very low-income homeowners in eligible rural areas to remove health and safety hazards. Grants available only to owners age 62+ who cannot repay a loan. Loans have 1% fixed interest rate with 20-year term.

Grant amount based on income and age; loans at 1% interest; can combine grant and loan

Key Details

  • Grant up to $27,500 for seniors 62+
  • Loan up to $40,000 at 1% interest
  • Very low income required (50% AMI or below)
  • Eligible rural areas outside Owatonna city limits
  • Remove health and safety hazards

How to Apply

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

Deadline: Year-round 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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