1. LawStack
  2. Title 7 - Agriculture
  3. Subtitle B - REGULATIONS OF THE DEPARTMENT OF AGRICULTURE
  4. Chapter XXXV - RURAL HOUSING SERVICE, DEPARTMENT OF AGRICULTURE
  5. Part 3550 - DIRECT SINGLE FAMILY HOUSING LOANS AND GRANTS
  6. Subpart C - Section 504 Origination and Section 306C Water and Waste Disposal Grants
  7. 7 CFR § 3550.113
7 CFR § 3550.113
Rates and terms (loans only)
July 6, 2020
CFR

(a) Interest rate. The interest rate for all section 504 loans will be 1 percent.

(b) Loan term. The repayment period for the loan should generally be as short as possible based on the applicant's repayment ability, and may never exceed 20 years; however loans made in combination with grants must have a term of 20 years.

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§ 3550.103 Eligibility requirements
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§ 3550.101 Program objectives

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