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Find USDA Eligible Properties in Nome Borough
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There are 35 USDA backed residential loans in Nome borough with an average loan balance of $202,728. Over 80% of the loans helped first time home buyers. Borrowers were an average age of 37 years old. The typical appraised home value was around $193,705. On average the rural home size purchased with this loan was approximately 1,158 SqFt. The state of Alaska determines loan eligibility income limits based on road access to the property. If the property has road access then a household of upto 4 people has an income limit of $114,400 and a household of between 5 and 8 people has a limit of $151,000. Otherwise, if the property has no road access, a household of upto 4 people has a income limit is $172,000 and a household of between 5 and 8 people has an income limit is $227,000. Nome borough applies the standard USDA income limits to determine loan eligibility. For a household of upto 4 people the income limit is $90,300. For a household of between 5 and 8 people the income limit is increased to $119,200.
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Start your search for USDA loan eligible properties in the cities of Nome Borough, AK 
* cities most likely to have USDA loan eligible properties for sale.
Bluff • *Brevig Mission • Cape Nome • Council • Dahl • Davidsons Landing • Dime Landing • *Diomede • East Fork • Egavik • *Elim • *Gambell • *Golovin • Haycock • Inalik • Iron Creek • Klikitarik • *Koyuk • Lees Camp • Marys Igloo • Moses Point Fishing Village • New Igloo • *Nome • Perkinsville • Pilgrim Springs • *Port Clarence • Port Safety • *Saint Michael • *Savoonga • Serpentine Hot Springs • *Shaktoolik • *Shishmaref • Solomon • *Stebbins • Sullivan Camp • Taylor • *Teller • Tin City • Ukivok • *Unalakleet • *Wales • *White Mountain • York
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 Nome Borough.
View the detailed USDA boundaries and read about general conditions of
Nome Borough, Alaska
.Nome Borough is located in the great state of Alaska, specifically in the Seward Peninsula area. The region was initially inhabited by the native Inupiat Eskimo people for thousands of years before it was discovered by Europeans in the mid-19th century. During the late 1800s, expansion into Alaska increased due to the search for gold, leading to the establishment of the Nome mining district in 1898.
Nome gained prominence in 1899 when the "Three Lucky Swedes" discovered gold in the Anvil Creek, resulting in a gold rush that attracted thousands of miners, entrepreneurs, and settlers. During this period, Nome rapidly grew as people established businesses, infrastructure, and a city government to support the booming population. At its peak, Nome was the largest city in Alaska, though it later experienced a decline in population when the gold resources dwindled.
Nome Borough was officially incorporated on January 1, 1961, when Alaska became a state. The borough has a rich cultural history due to the indigenous communities and early mining settlements across the region.
A fun fact about Nome is that it serves as the finish line for the Iditarod Trail Sled Dog Race, a nearly 1,000-mile sled dog race held every year since 1973. The race commemorates the historic 1925 serum run, which involved a relay effort by dog sled teams to deliver diphtheria antitoxin from Anchorage to Nome to treat a deadly epidemic. The relay was led by mushers and their sled dogs, with the most famous being Leonhard Seppala and his lead dog, Balto.
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