USDA Rural Development has funding for very low and low income individuals and families looking to buy or repair a home in a rural area.

The Direct Home Loan Program provides financing to qualified very low and low income applicants who cannot qualify for traditional financing. No down payment is required, and the interest rate could be as low as 1% with a grant. Applicants must meet income and credit guidelines and demonstrate repayment capacity. The program is available in rural communities of 35,000 people or less.

The maximum loan amount is $ 20,000 at an interest rate of 1%, repayable over 20 years and can be used to improve or modernize homes and make essential repairs. Grants of up to $ 7,500 are available for homeowners 62 and over and should be used to eliminate health or safety risks, such as repairing a leaking roof, installing interior plumbing or replacement of a heater.

There is a limited time to receive funds for the current fiscal year. Residents should contact a USDA Rural Housing Specialist in their area today, to see if they qualify.

USDA Rural Development Loans and Grants provide assistance that supports infrastructure improvements; Business development; lodging; community services such as schools, public safety and health care; and high-speed Internet access in rural areas. For more information visit

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