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There are 28 USDA backed residential loans in Decatur county with an average loan balance of $80,789. Over 82% of the loans helped first time home buyers. Borrowers were an average age of 36 years old. The typical appraised home value was around $85,650. On average the rural home size purchased with this loan was approximately 1,452 SqFt. Decatur county applies the standard USDA income limits to determine loan eligibility. For a household of upto 4 people the income limit is $90,300. For a household of between 5 and 8 people the income limit is increased to $119,200.
The size of Decatur County is roughly 1,379 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Decatur 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 Decatur County, IA
* cities most likely to have USDA loan eligible properties for sale.
*Davis City • *Decatur City • *Garden Grove • *Grand River • High Point • *Lamoni • *Le Roy • *Leon • *Pleasanton • Terre Haute • *Van Wert • *Weldon • Woodland
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 Decatur County.
Decatur County, named after Stephen Decatur Jr., a naval hero in the War of 1812, is situated in the great state of Iowa. It was established on January 13, 1846, and then officially organized in 1851, with its county seat and largest city being Leon. The county has a rich history with the development of railroads in the late 19th and early 20th centuries, which played a significant role in promoting trades and settlement in the area.
Agriculture has always been an essential part of Decatur County's economy, with corn and soybean farming being the main agricultural products. The county is also known for its picturesque landscape, characterized by rolling hills, forests, and lakes. The Nine Eagles State Park and Slip Bluff Park are popular outdoor destinations in the region, drawing in visitors with their recreational opportunities and natural beauty.
One fun fact about Decatur County is that it is the starting point of the Mormon Pioneer National Historic Trail, a 1,300-mile route that thousands of Mormon pioneers traveled from Nauvoo, Illinois, to Salt Lake City, Utah, between 1846 and 1869. This trail played a significant role in American history, as it marked the westward migration of Mormons seeking religious freedom and a better life in the West.