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There are 15 USDA backed residential loans in Mono county with an average loan balance of $187,562. Over 86% of the loans helped first time home buyers. Borrowers were an average age of 39 years old. The typical appraised home value was around $192,266. On average the rural home size purchased with this loan was approximately 1,314 SqFt. Alternate income limits exist to determine loan eligibility in Mono county. For a household of upto 4 people the income limit is $93,350. For a household of between 5 and 8 people the income limit increases to $123,200.
The size of Mono County is roughly 8,111 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Mono 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 Mono County, CA
* cities most likely to have USDA loan eligible properties for sale.
*Aspen Springs • Belfort • *Benton • Benton Hot Springs • Bodie • *Bridgeport • *Chalfant • *Coleville • Crestview • *Crowley Lake • Dunderberg Mill • Fales Hot Springs • Hammil • *June Lake • Lake Mary • *Lee Vining • Lower Town • Lundy • *Mammoth Lakes • *McGee Creek • Mesa Camp • *Mono City • Mono Mills • Montgomery City • Pizona • *Sunny Slopes • *Swall Meadows • Toms Place • *Topaz • Upper Town • *Walker • Whitmore Hot Springs • Willow Springs
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 Mono County.
Mono County is a picturesque region in the Eastern Sierra of California, with its county seat in Bridgeport. Established on April 24, 1861, the county covers an area of 3,132 square miles and was named after Mono Lake, a large saline soda lake formed at least 760,000 years ago. The word "Mono" originates from a local Native American tribe, the Mono people, who inhabited the area for thousands of years before European-American settlers arrived. "Mono" means "fly eater" in the Yokuts language, which refers to the significant fly population found near the lake during warmer months.
During the mid-to-late 19th century, Mono County attracted settlers and miners who were drawn to the area's abundant mineral deposits, including gold and silver. The infamous Bodie Mining District, including the boomtown of Bodie, blossomed during this time and became the region's distinctive landmark. Today, Bodie is a well-preserved ghost town and California State Historic Park, attracting many tourists each year.
A fun fact about Mono County is that it is home to several fascinating geological features, including the Mono-Inyo Craters, a volcanic range that stretches for 25 miles, and Devil's Postpile National Monument, a spectacular example of columnar basalt formations that are over 100,000 years old.