Applications Are Open At USDA To Aid Low-Income Families And Individuals in Buying Or Fixing Homes

Applications Are Open At USDA To Aid Low-Income Families And Individuals in Buying Or Fixing Homes

Baxter, Minnesota – The United States Department of Agriculture (USDA) Rural Development division is now opening the application process for very low- and low-income individuals and families who are looking to purchase or repair a home in a rural setting.

Under the Direct Home Loan program, qualified applicants with very low to low income who may not be eligible for conventional financing are offered a pathway to homeownership. The program allows for zero down payment, and recipients may enjoy an interest rate as low as one percent through a subsidy. However, to be eligible, applicants must meet specific income and credit requirements and show that they have the ability to repay the loan. This unique opportunity is particularly beneficial to those residing in rural communities with populations generally not exceeding 35,000.

The maximum loan amount under this program is set at $40,000, offered at a minimal 1% interest rate. The loan term spans over 20 years, making it manageable for low-income individuals and families. The funds can be used for a variety of home improvement needs such as upgrading, modernizing, or undertaking crucial repairs.

In addition to loans, the USDA also provides grants of up to $10,000 to homeowners aged 62 or older. These grants are meant to address and rectify health or safety hazards in the home. Examples of grant-eligible improvements include fixing a leaky roof, installing indoor plumbing, or replacing a furnace.

Interested applicants are encouraged to reach out to a USDA Rural Development Housing Specialist in their locality for detailed information and to assess their qualifications for these assistance programs.

The mission of the USDA Rural Development division extends beyond housing. They provide various loans and grants that promote infrastructure improvements, business growth, and community development including services like schools, public safety, health care, and high-speed internet connectivity in rural areas. For a more comprehensive understanding of these programs, visit

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