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There are 4,167 USDA backed residential loans in Delaware with an average loan balance of $195,464. Over 86% 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 $197,191. On average the rural home size purchased with this loan was approximately 1,707 square feet.
The size of Delaware is roughly 6,446 square kilometers. USDA defined regions of rural loan ineligibility in Delaware cover 1,275 square kilometers of the state. See the interactive geographic illustration below for more details. Approximately 19.78% 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 Delaware.
Delaware State Motto: Liberty and Independence
All USDA Rural Development offices located in Delaware are currently in remote status Monday through Friday from 8 a.m. to 4:30 p.m. Appointments may be scheduled through various points of contact and with authorization from the State Director.Featured Properties from USDA Loan Eligible Regions of Delaware
Delaware State Office
1221 College Park Drive, Suite 200 Dover, DE 19904
Main Line: (302) 857-3580 / Fax: (855) 389-2236