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Rural homeowners 62+: $10,000 USDA repair grant plus a 1% loan

USDA Section 504 gives very-low-income rural homeowners 62+ up to a $10,000 lifetime grant (repaid if the home is sold within 3 years) and up to $40,000 in 1%, 20-year loans, $50,000 combined. Applications are taken year round at your local Rural Development office.

Who it covers

Everyone

Official source

USDA Rural Development

Checked on

November 12, 2026. We opened the official page and confirmed the wording and every number.

For grants, be age 62 or older and have a household income that does not exceed the very low limit by county