USDA Section 504 Home Repair Loan

About This Program

Low-interest (1%) loans up to $40,000 with 20-year terms for very-low-income homeowners to repair, improve, or modernize their homes. Must be unable to obtain affordable credit elsewhere. Property must be in eligible rural area.

1% fixed interest rate with 20-year repayment term

Key Details

• 1% interest loan up to $40,000
• 20-year repayment term
• Must be very-low-income homeowner
• Property must be in USDA-eligible rural area
• Contact Oklahoma Rural Development to apply

How to Apply

Deadline: Ongoing