USDA accepting applications to help low-income individuals and families buy or repair homes – Brainerd Dispatch

BAXTER — Applications from very low- and low-income individuals and families seeking to buy or repair a home in a rural area are being accepted by the U.S. Department of Agriculture and Rural Development.

The Direct Home Loan program provides financing to very low-income and low-income qualified applicants who may not qualify for traditional financing. No down payment is required and the interest rate can be as low as 1% with a grant. Applicants must meet income and credit guidelines and demonstrate repayment capacity. The program is offered in rural communities generally of 35,000 people or less.

The maximum loan amount is $40,000 at 1% interest, repayable over 20 years and can be used to improve or modernize homes and make essential repairs. Grants of up to $10,000 are available to homeowners 62 and older and must be used to eliminate health or safety risks, such as repairing a leaky roof, installing indoor plumbing or replacing of a furnace.

For more information, contact Baxter’s Rural Development Office, 7118 Clearwater Road, Baxter, 218-829-5965, ext. 110.

USDA Rural Development Loans and Grants provide assistance that supports infrastructure improvements; Business development; lodging; community services such as schools, public safety and health care; and broadband Internet access in rural areas. For more information, visit

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