USDA Section 504 Home Repair Loan

USDA Rural Development

Available Home Repair

About This Program

Low-interest loans up to $40,000 for very low-income homeowners in eligible rural areas near Richmond to repair or improve their homes. Interest rate as low as 1% with up to 20-year terms.

Low-interest loan at 1% for eligible very low-income homeowners

Data last verified 2026-06-09. How we verify our data.

This is a national program. In Richmond, TX, you can stack it with local programs like these:

Key Details

  • Loans up to $40,000 at 1% interest
  • For very low-income homeowners in rural areas
  • Up to 20-year repayment terms
  • Covers major repairs and improvements
  • Must be unable to obtain credit elsewhere

How to Apply

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

You will likely need a contractor to apply

Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in Richmond early keeps your application moving.

Get matched with a contractor

Each program sets its own contractor rules. Check the official program page for exact requirements.

Deadline: Applications accepted year-round

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

Email us about this program

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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