Single Family Housing Repair Loans/Grants | United States Department of Agriculture and Rural Development
Single Family Housing Repair Loans/Grants
Program provides loans to very-low-income homeowners to repair, improve or modernize their homes or grants to elderly very-low-income homeowners to remove health and safety hazards.
Categories
Physical Address
3913 Brooken Hill Drive, Fort Smith, AR 72908
Voice
Voice
Application process
Call local office for more information.
Fee
-Loans can be repaid over 20 years-Loan interest rate is fixed at 1%-Full title service is required for loans of $7,500 or more-Grants have a lifetime limit of $7,500-Grants must be repaid if the property is sold in less than 3 years-If applicants can repay part, but not all of the costs, applicants may be offered a loan and grant combination
Eligibility
-Be the homeowner and occupy the house-Be unable to obtain affordable credit elsewhere-Have a family income below 50 percent of the area median income ?-For grants, be age 62 or older and not be able to repay a repair loan
Languages
English
Service area
AR
Agency info
United States Department of Agriculture and Rural Development
Agency offers loans, grants and loan guarantees to help create jobs and support economic development and essential services such as housing, health care, first responder services and equipment, and water, electric and communications infrastructure.