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Form Approved OMB No. 05720172 Exp. Date: 11/30/2026Form RD 355035 (0324)504 Home Repair Loan and Grant Program Intake Form For more information, visit our website at: https://www.rd.usda.gov/Please
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How to fill out 504 home repair loan

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How to fill out 504 home repair loan

01
Contact a local lender that offers 504 home repair loans.
02
Fill out the application form with your personal and financial information.
03
Provide documentation of your income and expenses to support your loan application.
04
Meet with a loan officer to review your application and discuss the loan terms.
05
Wait for the lender to approve your loan and disburse the funds for your home repair project.
06
Use the loan funds to make the necessary repairs or improvements to your home.

Who needs 504 home repair loan?

01
Homeowners who need financial assistance to make repairs or improvements to their home.
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The 504 home repair loan is a federal loan program designed to provide financial assistance to low-income homeowners for home repairs, improvements, and renovations.
Individuals who are low-income homeowners seeking assistance for necessary home repairs or renovations are required to file for the 504 home repair loan.
To fill out the 504 home repair loan application, applicants need to gather necessary documentation, complete the application form, and submit it to the appropriate lenders or agencies that administer the loan program.
The purpose of the 504 home repair loan is to provide affordable financing to low-income homeowners for critical repairs and improvements needed to maintain safe and sanitary housing conditions.
Applicants must report personal and financial information, including income, credit history, and details about the property in need of repairs, on the 504 home repair loan application.
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