The Single Family 504 Repair Loan Program enables very low income individuals to modernize or repair a modest home. The applicant must have limited resources and be unable to obtain credit for the repairs elsewhere.

Qualifying Criteria:

The house needing repair or modernization must be located in an eligible rural area. To verify property eligibility please visit our website at:

The Household income must be at or below the established limit based on the number of household members and the county where the property is located. It must be sufficient to include the new loan payment as well as the present housing expenses and other monthly reoccurring debts. The income must be at the Very Low level for the eligible area in which the property is located. To verify income eligibility please visit the eligibility website listed above.

Loan Terms:

The loan can be up to a maximum of $20,000 and has a repayment term of 20 years. The annual interest rate is 1%.

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