Find USDA Eligible Properties in Martinsville County


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Cathy Spencer   from   Spencer Group Real Estate

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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 Martinsville County.

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Martinsville County, Virginia
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Martinsville County, also known as the City of Martinsville, is an independent city in the Commonwealth of Virginia, located near the border of North Carolina. This county was founded in 1791 and was named after American Revolutionary War General Joseph Martin. Martinsville became an independent city in 1928, which means it's not part of any surrounding county. It is situated within the larger Henry County, but it operates as a separate jurisdiction.

Originally, the area was inhabited by Native American tribes, specifically the Saura and Occaneechi. European settlers arrived in the 18th century, and the county was established as the economy grew thanks to the tobacco and textile industries.

The city thrived in the 20th century, particularly due to the growth of furniture manufacturing and textile mills. However, these industries declined towards the end of the century, causing economic challenges and high unemployment rates. Today, Martinsville is working towards diversifying its economy and investing in education, healthcare, and technology sectors.

A fun fact about Martinsville County is that it is home to the Martinsville Speedway, a famous NASCAR racetrack that opened in 1947. This speedway is one of the oldest and shortest tracks in the NASCAR Cup Series, with a unique paperclip shape and length of just over half a mile. The Martinsville Speedway is affectionately known as "The Paperclip" and draws thousands of visitors each year for exciting racing events, making it a significant landmark in this region of the USA.


Featured Properties from USDA Loan Eligible Regions of Martinsville County