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Looking to buy in Lonoke County, Arkansas?
There are 1,530 USDA backed residential loans in Lonoke county with an average loan balance of $114,305. Over 79% of the loans helped first time home buyers. Borrowers were an average age of 37 years old. The typical appraised home value was around $115,709. On average the rural home size purchased with this loan was approximately 1,436 SqFt. Lonoke 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 Lonoke County is roughly 2,078 square kilometers. USDA defined regions of rural loan ineligibility in Lonoke cover 32 square kilometers of the county. Approximately 1.6% of Lonoke County is ineligible for traditional USDA home loans. The influence score for Lonoke 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 Lonoke County, AR
* cities most likely to have USDA loan eligible properties for sale.
*Allport • *Austin • Blakemore • Brummitt • Butlerville • Cabot • *Carlisle • Cobbs • *Coy • *England • Furlow • Geridge • Hamilton • Hamiter • *Humnoke • *Keo • Kerr • *Lonoke • McCreanor • Meto • Mountain Springs • Old Austin • Parnell • Pettus • Ryan • *Scott • Seaton • Sisemore • Sylvania • Toltec • Tomberlin • Union Valley • *Ward • Wattensaw • Willow Belle
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 Lonoke County.