Home / USDA Rural Development Section 502-04 Loan/Grant Program

Prescreening for persons with low or very low incomes who wish to buy or rehabilitate a property.

To qualify, applicants must be credit worthy, meet the income guidelines, and be able to repay the loan. Property owners with very low incomes can qualify for a 1% loan to repair their homes under the Section 504 program.

Grant funds are available only to homeowners 62 years of age or older who cannot repay any portion of the loan; these grants can only be used to correct health and safety hazards.