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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 USDA Properties throughout the state of Connecticut.
Connecticut State Motto: Qui transtulit sustinet
He who transplanted sustains, or alternatively: Nothing without Providence
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