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There are 67 USDA backed residential loans in Lake county with an average loan balance of $151,949. Over 88% of the loans helped first time home buyers. Borrowers were an average age of 36 years old. The typical appraised home value was around $152,425. On average the rural home size purchased with this loan was approximately 1,256 SqFt. Alternate income limits exist to determine loan eligibility in Lake county. For a household of upto 4 people the income limit is $92,700. For a household of between 5 and 8 people the income limit increases to $122,350.
The size of Lake County is roughly 993 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Lake County is 8. Look below for the interactive county level map illustration below for more details.
Start your search for USDA loan eligible properties in the cities of Lake County, CO
* cities most likely to have USDA loan eligible properties for sale.
Balltown • Birdseye • Champion Mill • Everett • Kobe • *Leadville • *Leadville North • Malta • Mount Massive Lakes • Resurrection Mill • Stringtown
A USDA loan is a mortgage option available to eligible homebuyers that is sponsored by the United States Department of Agriculture to promote homeownership in rural communities. USDA Loans, sometimes called "RD Loans," offer 100% financing options on eligible rural properties. USDAProperties can help you find USDA properties in Lake County.
Lake County is situated in the heart of Colorado and is famous for its rich mining history and stunning mountain landscapes. Established on November 1, 1861, as one of the 17 original counties in the then Colorado Territory, Lake County played a vital role during the Colorado Silver Boom in the late 19th century. The county gets its name from the Twin Lakes, two alpine glacial lakes in its western portion.
Leadville, Lake County's county seat, and highest incorporated city in the United States, was founded in 1877 during the silver boom. Known as "Cloud City," Leadville was not just a mining hub but also a center for trade and entertainment for silver miners. At its peak during the 1880s, Leadville's population reached around 40,000 people.
One fun fact about Lake County is that it hosts one of the most grueling endurance races in the world. The Leadville Trail 100, known as the "Race Across the Sky," is a 100-mile ultramarathon race held annually since 1983. The race starts and finishes in Leadville and covers roughly 50 miles of mountainous terrain, with participants reaching elevations of over 12,000 feet.