Grants are available for up to $7,500 to homeowners 62 years or older who are unable to otherwise finance their repairs. However, low interest loans are also available without an age requirement. The maximum loan amount is $20,000 with an interest rate of 1 percent and up to 20 years repayment. Eligible applicants are low-income homeowners living in rural towns of fewer than 10,000 people or in towns with up to 20,000 people in non-metropolitan areas.