The U.S. Dept. of Agriculture Rural Development is currently accepting applications from very low income families for home repair loans in all 15 Upper Peninsula counties.
“These loans can help cover the cost of fixing the roof, windows and other needed maintenance,” said Area Director Don Gerrie. “With spring underway, this is a great time to look at home 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 office in Sault Ste. Marie at 906-632-9611 Ext. 4, or visit www.rd.usda.gov/mi.