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There are 349 USDA backed residential loans in Lee county with an average loan balance of $69,265. Over 88% of the loans helped first time home buyers. Borrowers were an average age of 36 years old. The typical appraised home value was around $72,046. On average the rural home size purchased with this loan was approximately 1,306 SqFt. Lee 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 Lee County is roughly 1,393 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Lee County is 7. 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 Lee County, IA
* cities most likely to have USDA loan eligible properties for sale.
Argyle • Charleston • Croton • *Denmark • *Donnellson • *Fort Madison • *Franklin • Galland • *Houghton • *Keokuk • *Montrose • Mooar • Mount Hamill • New Boston • Pilot Grove • Primrose • *Saint Paul • Sandusky • Sawyer • South Augusta • Summitville • Viele • Vincennes • *West Point • Wever
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 Lee County.
Lee County is situated in the southeastern region of Iowa, with its county seat designated as Fort Madison. The County was established on December 7, 1836, and was named in honor of General Robert E. Lee, a leading Confederate general during the American Civil War. The region consists of two county seats, Fort Madison and Keokuk, making it one of the few counties in the United States with dual county seats.
Originally a part of the Wisconsin Territory, Lee County became part of the Iowa Territory when it was established in 1838. The county played a significant role as a frontier region during the early settlement period of the United States. Fort Madison was established as a military fortification in the early 1800s to protect the area from Native American attacks and to maintain law and order. In 1834, Fort Madison became the first federal prison, and it currently houses the Iowa State Penitentiary.
Keokuk, named after the chief of the Sac tribe, became a vibrant river town and an essential transportation hub during the 19th century. The town was home to Keokuk's National Cemetery, the final resting place for many soldiers from various American wars, including the Civil War.
One fun fact about Lee County is that Keokuk is the Geode Capital of the World due to the high concentration of geodes found in the area. These beautiful, geological treasures are spherical-shaped rocks containing a fascinating and often colorful crystal structure on the inside, attracting collectors, geologists, and tourists alike to explore and admire the local specimens.