USDA Section 504 Home Repair Loan

USDA Rural Development

Available Home Repair

About This Program

Very low-interest (1%) loan for very-low-income homeowners in rural areas to repair, improve, or modernize their homes. Available to eligible residents in rural parts of Chaves County. Maximum 20-year repayment term.

Low-interest loan with up to 20-year repayment at 1% APR

Key Details

  • Loan up to $40,000 at 1% interest
  • Very low-income requirement (50% AMI or below)
  • Must be in eligible rural area
  • 20-year maximum repayment term
  • Covers repairs and accessibility improvements

How to Apply

Get free help applying Visit Official Program Page Track this program

(575) 746-3737

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Deadline: Ongoing applications

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