USDA RURAL DEVELOPMENT

110 Buchanan St. N

Cambridge, MN 55008

Phone: (763) 689-3354, ext 4 | Fax: (855) 804-4097

USDA Rural Development Home Improvement Loans

and grants

Low income families in greater Minnesota may obtain low interest rate

loans and grants for repairs and home

improvements

Visit our website for more information:

www.rurdev.usda.gov

“USDA is an equal opportunity provider, employer, and lender.”

To file a complaint of discrimination, write USDA, Director, Office of Civil Rights 1400 Independence Ave. SW, Washington, D.C. 20250-9410, or call

(800) 795-3272 (voice) or (202) 720-6382 (TDD).

Printed on recycled and recyclable paper.

Duplication is permitted.

ATTENTION Low-income

families who own a single family home in need of

repair:

Improving homeownership!

Low interest loans for

essential repairs

Grants available to remove health and

safety concerns

Terms of up to 20 years

Applications are filed with the local

Rural Development area office

The following eligibility requirements apply:

You must own a single familydwelling in need of repair.

You lack personal resources whichcan be utilized to pay for neededrepairs.

Your household income cannotexceed 50% of the median countyincome.

You must be a US citizen or a non-citizen legally admitted forpermanent residence or on anindefinite parole.

You must possess legal capacity toincur the loan obligation.

You must be 62 years of age orolder to qualify for a grant orcombination loan and grant.

You must live in a rural area or acommunity with a population of20,000 or less.

You must demonstrate a positivecredit history.

Highlights of the program: Applications are filed with local

Rural Development offices. Loans will bear a 1% interest

rate for a term of up to 20years.

A mortgage will be required forloans in excess of $7,500.

Maximum home improvementloan may be made up to 100%of market value.

Loan/grant funds may beutilized with funds from otherprivate or public fundingsources.

Grants are available to removehealth and safety concerns to ahome and are limited toapplicants that are 62 years ofage or older.

8 $48,350

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$44,40

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7 $45,400

$53,700

$39,600

$45,85

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$41,70

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$31,900

$36,95

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$33,60

0 $36,600

3 $32,950

$28,750

$33,30

0 $33,500

$30,250

$32,950

2 $29,300

$25,550

$29,600

$29,800

$26,900

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Call today!

USDA Rural Development110 Buchanan St. N. Cambridge, MN 55008

Phone: (763) 689-3354, ext. 4 Fax: (855) 804-4097

www.rurdev.usda.gov/mn/

"To increase economic opportunity and improve the quality of life for all

rural Americans."

$34,650

$39,000

$43,300

$46,800