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Looking to buy in Monroe County, Alabama?
There are 52 USDA backed residential loans in Monroe county with an average loan balance of $90,865. Over 82% of the loans helped first time home buyers. Borrowers were an average age of 39 years old. The typical appraised home value was around $95,274. On average the rural home size purchased with this loan was approximately 1,654 SqFt. Monroe county 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.
The size of Monroe County is roughly 2,679 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Monroe County is 8. See the interactive county level map illustration below for more details.
Start your search for USDA loan eligible properties in the cities of Monroe County, AL
* cities most likely to have USDA loan eligible properties for sale.
Axle • *Beatrice • Buena Vista • Chestnut • Chrysler • Claiborne • Drewry • Eliska • *Excel • Fountain • *Frisco City • Goodway • Halls Crossroads • Hybart • Jeddo • Keith • Manistee • *Megargel • Mexboro • Mexia • Mexia Crossing • Mineola • Monroeton • *Monroeville • Mount Pleasant • Nadawah • Natchez • Old Texas • Ollie • Packards Bend • Palmers Crossroads • Perdue Hill • *Peterman • Pine Orchard • Pineville • Renson • Riley • River Ridge • Scotland • Scratch Ankle • Tinela • Tunnel Springs • Turnbull • *Uriah • *Vredenburgh • Wainwright
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 Monroe County.