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USDA Offers Home Repair Loans in Iosco, Sanilac, Arenac
Michigan Ag Connection - 04/20/2017

The U.S. Dept. of Agriculture Rural Development is currently accepting applications from very low-income families for home repair loans in Iosco, Sanilac and Arenac counties.

"All homes require maintenance to keep them in good shape," said Caro Area Office Director Paula Gromak. "These loans can help cover the cost of fixing the roof, windows and other needed repairs."

The funds are available through the Section 504 Home Repair Loan Program. Loans may be up to $20,000, carry an interest rate of 1 percent and can be used to for repairs, improvements, weatherization, and to make a home accessible for persons with a disability.

Applicants must have an acceptable credit history, meet income guidelines, have repayment ability to service the new loan and any existing obligations, be a United States citizen or legally admitted for permanent residence, and own and personally occupy the home on a permanent basis.

To learn more, contact the USDA Rural Development offices in Caro (989-673-8173 Ext. 4), West Branch (989-246-0698), or visit www.rd.usda.gov/mi.


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