USDA Section 504 Home Repair Loan

U.S. Department of Agriculture Rural Development

Available Home Repair

About This Program

Low-interest loans for very-low-income homeowners to repair, improve, or modernize homes in eligible rural areas. Interest rate fixed at 1%. Loans must be repaid over 20 years. Perth Amboy may qualify as rural for USDA purposes depending on specific location.

Loan amount based on repair needs and borrower ability to repay at 1% interest

Key Details

  • Loan up to $40,000 at 1% fixed interest
  • 20-year repayment period
  • Must be in eligible rural area (some Perth Amboy areas may qualify)
  • Income at or below 50% AMI required
  • Repairs must remove health/safety hazards

How to Apply

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

Deadline: Ongoing program, subject to funding

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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