USDA Section 504 Home Repair Loans and Grants
FreeCost share · Free to qualifying landowners, from USDA Rural Development
Home repair loans to around 40,000 dollars, and grants to around 10,000 dollars for owners 62 and over, to remove health and safety hazards in eligible rural areas.
The loan and the grant are different animals. The loan goes up to 40,000 dollars, is fixed at 1 percent and runs 20 years, and can be spent on repairing, improving or modernising the house as well as on removing hazards. The grant is capped at 10,000 dollars, is only for people aged 62 or over, and may only be spent removing health and safety hazards. Where the damage came from a presidentially declared disaster the grant cap rises to 15,000 dollars. One trap: a grant has to be paid back if you sell the property within three years. You must own the house and live in it, and your income has to be under the very low limit for your county. Where this comes from
Listed on their own website or an official directory. We have not called it.
Where it applies
Everywhere in the United States.
The states with county pages in this directory:
Also from USDA Rural Development
- USDA Section 502 Direct Home LoanFreeCost share
