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There are 6 USDA backed residential loans in Hinsdale county with an average loan balance of $241,502. Over 50% of the loans helped first time home buyers. Borrowers were an average age of 44 years old. The typical appraised home value was around $256,833. On average the rural home size purchased with this loan was approximately 1,403 SqFt. Alternate income limits exist to determine loan eligibility in Hinsdale county. For a household of upto 4 people the income limit is $92,700. For a household of between 5 and 8 people the income limit increases to $122,350.
The size of Hinsdale County is roughly 2,912 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Hinsdale County is 9. 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 Hinsdale County, CO
* cities most likely to have USDA loan eligible properties for sale.
*Cathedral • Henson • *Lake City • *Piedra • Sherman
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 Hinsdale County.
Hinsdale County, located in the great state of Colorado, was created in 1874 and named in honor of George A. Hinsdale, a prominent politician and lawyer in Colorado during the late 19th century. The county sits in the San Juan Mountains and boasts a picturesque landscape with elevations ranging from 8,000 to 14,000 feet above sea level.
Prior to the establishment of Hinsdale County, the area was populated by the Ute Native American tribe. European-American exploration and settlement began in the 1870s when the expedited discovery of gold and silver in the region led to a mining boom. Towns such as Capital City and Henson were established during this time, with Lake City serving as the county seat.
The mining boom was relatively short-lived, however, and as the mines were depleted, the population declined significantly. In the early 20th century, tourism began to gain momentum in the county, thanks to its stunning natural beauty, including the Uncompahgre Wilderness and the Rio Grande National Forest.
A fun fact about Hinsdale County is that it is one of the most remote and least populated counties in Colorado, with a population of just around 800 residents. This low population density, combined with the vast wilderness areas in the county, makes it an ideal destination for those seeking outdoor adventures, such as hiking, fishing, and off-roading.