If your home hasn’t aged as gracefully as you have…….
Let Rural Development help you finance those needed repairs.
Our 504 loan and grant program will help you make those needed repairs. 1% Interest Rate – Term can be up to 20 years.
LOAN QUALIFICATIONS
Own and personally occupy your home
Have a very-low household income (see below)
Have a reasonable credit history
Own housing that is inadequate (but repairable)
Be unable to obtain assistance from non-Rural Development sources
ADJUSTED VERY-LOW INCOME LIMITS (ST. LOUIS COUNTY) Mar. 2008
1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
$20,600 $23,550 $26,500 $29,450 $31,800 $34,150 $36,500 $38,850
LOAN/GRANT QUALIFICATIONS
Must meet loan requirements, plus
Be 62 years or older
Be unable to repay all or part of a loan
Repair must be for a health and/or safety hazard
FOR MORE INFORMATION CONTACT:
USDA, RURAL DEVELOPMENT
1202 8th St. South, Suite 103
Virginia MN 55792
(218) 741-3929 ext. 4
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