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There are 34 USDA backed residential loans in Nevada county with an average loan balance of $87,911. Over 79% of the loans helped first time home buyers. Borrowers were an average age of 43 years old. The typical appraised home value was around $90,511. On average the rural home size purchased with this loan was approximately 1,711 SqFt. Nevada 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 Nevada County is roughly 1,608 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Nevada County is 8. Look below for the interactive county level map illustration below for more details.
Start your search for USDA loan eligible properties in the cities of Nevada County, AR
* cities most likely to have USDA loan eligible properties for sale.
Ames • Azor • *Bluff City • *Bodcaw • Boughton • *Cale • Cummings Springs • Delta • Dills Mills • *Emmet • Falcon • Glenville • Gum Grove • Irma • Laneburg • Mendenhall • Morris • Mount Moriah • Nevark • *Prescott • Redland • *Rosston • Sanders • Stockton • Sutton • Waterloo • *Willisville • Young
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 Nevada County.
Nevada County is located in the southwestern part of the state of Arkansas; it was established on March 20, 1871. The county was named in honor of the neighboring state of Nevada due to the perceived similarities between their landscapes and resources.
Before its formation, the region was inhabited by the Caddo tribe and later European settlers arrived as part of the Arkansas territorial period in the early 1800s. The establishment and growth of Nevada County were greatly influenced by agriculture, particularly cotton farming. The county also saw the development of the lumber industry in the late 19th and early 20th centuries, which helped expand its economic base.
The county seat is Prescott, and other prominent towns include Emmet, Bluff City, and Rosston. Throughout Nevada County's history, the economy has been predominantly agricultural, with forest resources becoming increasingly important. Manufactured goods were produced in smaller, locally-owned units.
A fun fact about Nevada County is that it is home to the Crater of Diamonds State Park, a popular destination for tourists and residents alike. The Crater of Diamonds is the only diamond-producing site in the world where the public can search for diamonds and keep whatever they find. Since 1906, more than 75,000 diamonds have been discovered in the park.