Single Family Housing Repair Loans & Grants (Section 504)
The USDA Section 504 Home Repair program provides loans and grants to very-low-income homeowners to repair, improve, or modernize their homes or to remove health and safety hazards.
Deadline
Rolling
Est. Time
Rolling basis; processing times vary by local office workload.
Source
USDA Rural Development
Eligibility Requirements
Applicants must be the homeowner and occupy the house, be unable to obtain affordable credit elsewhere, and have a family income below 50 percent of the area median income.
Who Can Apply
Very-low-income homeowners in eligible rural areas.
Application Instructions
Contact your local USDA Rural Development office to begin the application process, as programs are administered at the state and local level.
Required Documents
- Form RD 410-4 Uniform Residential Loan Application
- Proof of income
- Property tax statements
- Homeowner's insurance
Geographic Restrictions
Rural areas as defined by USDA eligibility maps.
Required Essays
- none
How to Stand Out
If you are age 62 or older, inquire specifically about the grant program, which does not require repayment if you own and occupy the home for three years.
Risk Warnings
Be aware that grants must be repaid if the property is sold within three years of the grant closing date.