USDA offers loans and grants for home repairs

Wednesday, May 1, 2013

USDA Rural Development is currently accepting loan and grant applications from very-low income homeowners to fund an assortment of home repairs to remove health and safety hazards.

In order to be eligible for a loan the applicant must be a United States citizen or a permanent resident alien, have legal capacity to incur debt and an acceptable credit history and be unable to obtain credit elsewhere or have own resources available. Eligible applicants must also have a household income that is 50 percent or less than the county median income and sufficient income for loan repayment.

Loans can provide up to $20,000 in funding and offer interest rates as low as 1 percent. Loan amounts and interest rates depend on the applicant's repayment ability.

Grant applicants must be 62 years of age or older and lack repayment ability for a loan. Lifetime grant assistance cannot exceed $7,500.

Loan and grant funding can be used for repairs to roofs, heating, electric and plumbing systems or water and waste disposal systems. Funding can also be used to install screens, windows, insulation and for other projects that make homes safe and sanitary.

For more information on funding available or to request an application, call the Neosho USDA Rural Development office at 417-451-1007, extension four, or visit

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