Housing · Repairs & upkeep
USDA Section 504 Home Repair Loan and Grant
Offered by USDA Rural Development
About
About This Program
USDA repair loans up to $40,000 at 1%, and grants up to $10,000 for owners 62 and older, for homes in eligible rural Georgia areas.
Eligibility
Who Can Apply
- Own and live in the home
- Unable to get affordable credit elsewhere
- Household income at or below the county's low or very-low income limit
- For grants: age 62 or older, with household income at or below the very-low limit
- Home in an eligible rural area
Area served: State of Georgia
The offer
What's Offered
- Loans up to $40,000 at 1% for 20 years to repair, improve or modernize a home
- Grants up to $10,000 to remove health and safety hazards (age 62 and older)
- Up to $50,000 when a loan and grant are combined
Amount: Loans up to $40,000 at 1% and grants up to $10,000; up to $50,000 combined
Get ready
What You'll Need
- Form RD 410-4, Uniform Residential Loan Application
- Form RD 3550-1, Authorization to Release Information
- Form RD 3550-4, Employment and Asset Certification
- The items on the Attachment 12-E checklist
- Optional prequalification: Form RD 3550-35 intake form
Key dates
Dates
Keep exploring
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