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Looking to buy in Faulkner County, Arkansas?
There are 1,231 USDA backed residential loans in Faulkner county with an average loan balance of $122,801. Over 78% of the loans helped first time home buyers. Borrowers were an average age of 35 years old. The typical appraised home value was around $123,594. On average the rural home size purchased with this loan was approximately 1,463 SqFt. Faulkner 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 Faulkner County is roughly 1,718 square kilometers. USDA defined regions of rural loan ineligibility in Faulkner cover 120 square kilometers of the county. Approximately 7.0% of Faulkner County is ineligible for traditional USDA home loans. The influence score for Faulkner County is 2. See the interactive county level map illustration below for more details.
Start your search for USDA loan eligible properties in the cities of Faulkner County, AR
* cities most likely to have USDA loan eligible properties for sale.
Barney • Beryl • Brumley • Cato • Conway • Enders • *Enola • Funston • Garland Springs • Gleason • Gold Creek • Gold Lake Estates • *Greenbrier • *Guy • Hamlet • *Holland • Linder • Lollie • Martinville • *Mayflower • McGintytown • *Mount Vernon • Naylor • Otto • Palarm • Preston • Republican • Saltillo • Springhill • *Twin Groves • *Vilonia • *Wooster
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 Faulkner County.