USDA Section 504 Home Repair Loan

USDA Rural Development

Available Home Repair

About This Program

Low-interest loans for very low-income homeowners to repair, improve, or modernize their homes in eligible rural areas near Peoria. Interest rate is 1% with up to 20-year terms for qualified applicants who cannot obtain affordable credit elsewhere.

Loan at 1% interest over up to 20 years

Key Details

  • 1% interest loan for home repairs
  • For eligible rural areas near Peoria
  • Income at or below 50% area median
  • Up to 20-year repayment term
  • Cannot obtain affordable credit elsewhere

How to Apply

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

Deadline: Rolling applications through USDA office

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Find More Programs in Peoria, IL

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