USDA Section 504 Single Family Housing Repair Loans and Grants

USDA Rural Development program providing 1%-interest loans up to $40,000 for repairs and modernization, and grants up to $10,000 for homeowners age 62 and older to remove health and safety hazards. Explicitly usable for wheelchair ramps, grab bars, and accessibility improvements for aging in place. Rural homeowners only. Loans and grants can be combined up to $50,000 ($55,000 in disaster areas). Applications accepted year-round at USDA Rural Development field offices.

For caregivers helping aging family members remain at home in rural areas, USDA Section 504 provides loans to very-low-income homeowners to repair, improve, or modernize homes or remove health and safety hazards, and grants to elderly very-low-income homeowners to remove health and safety hazards. Current USDA terms: loans up to $40,000, fixed 1% interest, 20-year term; grants up to $10,000 for homeowners age 62 or older; grant limit up to $15,000 for presidentially declared disaster-area repairs; loan and grant assistance can combine up to $50,000, or $55,000 in presidentially declared disaster areas. Applicants must own and occupy the home, be unable to obtain affordable credit elsewhere, meet county very-low-income limits, and live in an eligible rural area. Applications are accepted year round through local USDA Rural Development offices; approval times depend on local funding availability.

Services

For caregivers helping aging family members remain at home in rural areas, USDA Section 504 provides loans to very-low-income homeowners to repair, improve, or modernize homes or remove health and safety hazards, and grants to elderly very-low-income homeowners to remove health and safety hazards. Current USDA terms: loans up to $40,000, fixed 1% interest, 20-year term; grants up to $10,000 for homeowners age 62 or older; grant limit up to $15,000 for presidentially declared disaster-area repairs; loan and grant assistance can combine up to $50,000, or $55,000 in presidentially declared disaster areas. Applicants must own and occupy the home, be unable to obtain affordable credit elsewhere, meet county very-low-income limits, and live in an eligible rural area. Applications are accepted year round through local USDA Rural Development offices; approval times depend on local funding availability.

How to apply

Use the official program page for application details: official program page.