USDA Section 504 Home Repair Loan

Acerca de Este Programa

Low-interest loans for very low-income homeowners in eligible rural areas to repair, improve, or modernize their homes. Loans are at 1% fixed interest for up to 20 years. Grants up to $10,000 available for homeowners 62+ who cannot repay a loan.

1% interest loan for repairs; typical 10-year loan at $40,000 principal

Detalles Clave

• Loan up to $40,000 at 1% fixed interest
• For very low-income homeowners (50% AMI)
• Up to $10,000 grant for seniors 62+ unable to repay
• Must be in USDA-eligible rural area
• Covers repairs, accessibility, health/safety hazards

Como Solicitar

Un contratista con experiencia en subvenciones en Gresham, OR puede encargarse del papeleo, las inspecciones y los plazos para que sus fondos se liberen a tiempo. La conexion es gratuita.

Deadline: Applications accepted year-round