USDA Section 504 Home Repair Loan

USDA Rural Development

Available Home Repair

About This Program

Very low-interest loans for low-income homeowners in eligible rural areas to repair, improve, or modernize their homes. West Babylon may qualify for certain census tracts. Loans up to $40,000 at 1% fixed interest rate with up to 20-year repayment term.

Low-interest loan at 1% fixed rate; monthly payment approximately $184 over 20 years for maximum loan

Key Details

  • Loan up to $40,000 at 1% fixed interest
  • For low-income homeowners in eligible areas
  • Up to 20-year repayment term
  • Income at or below 50% AMI
  • Check with USDA for address eligibility

How to Apply

Get free help applying Visit Official Program Page Track this program

(315) 477-6400

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Deadline: Rolling applications

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