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There are 4,501 USDA backed residential loans in Connecticut with an average loan balance of $201,499. Over 85% of the loans went to help first time home buyers. Borrowers were an average age of 37 years old. The typical appraised home value was around $202,854. On average the rural home size purchased with this loan was approximately 1,394 square feet.
The size of Connecticut is roughly 14,357 square kilometers. USDA defined regions of rural loan ineligibility in Connecticut cover 4,202 square kilometers of the state. See the interactive geographic illustration below for more details. Approximately 29.27% of the state is ineligible for traditional USDA home loans.
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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 Search for USDA Eligible Properties throughout the state of Connecticut.
Connecticut ratified the 1787 United States Constitution on January 9th 1788 where the state capitol today resides in Hartford.
The official Connecticut motto is “Qui Transtulit Sustinet” which is Latin for “He Who Transplanted Still Sustains”. The motto has been in use since the state’s founding in 1788. It is believed to have been derived from the state’s original seal, which was adopted by the Connecticut General Assembly in 1711. The seal features a shield with three grapevines, each with three bunches of grapes. The three bunches of grapes represent the three original colonies: Connecticut, New Haven, and Saybrook. The motto is meant to represent the idea that the loyalty and determination of the original settlers is still strong and sustaining the state.
Connecticut Area Offices are located in Windsor and Norwich, CT. All offices are open to the public Monday through Friday from 8:00 a.m. until 4:30 p.m.Featured Properties from USDA Loan Eligible Regions of Connecticut