This guide explains how to apply for the Rural Housing Service's Section 504 Loan and Grant Program. It describes the requirements for the Section 504 loan program, which provides home repair funds for very low-income homeowners in rural areas. Detailed instructions, including copies of most pertinent forms, explain how to apply. Individuals applying for Section 504 loans and housing organizations packaging Section 504 applications will benefit from this guide, whether or not they have previous experience with the program.