Looking to buy in Wapello County, Iowa?
There are 33 USDA backed residential loans in Wapello county with an average loan balance of $95,564. Over 87% of the loans helped first time home buyers. Borrowers were an average age of 36 years old. The typical appraised home value was around $93,203. On average the rural home size purchased with this loan was approximately 1,344 SqFt. Wapello 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 Wapello County is roughly 1,128 square kilometers. USDA defined regions of rural loan ineligibility in Wapello cover 111 square kilometers of the county. Approximately 9.9% of Wapello County is ineligible for traditional USDA home loans. The influence score for Wapello 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 Wapello County, IA
* cities most likely to have USDA loan eligible properties for sale.
*Agency • Ashland • Bidwell • Bladensburg • *Blakesburg • *Chillicothe • Cliffland • Competine • Dahlonega • Dudley • *Eddyville• • •
What is a USDA Loan? |
The USDA 502 Guaranteed Loan Program is designed to help low-to-moderate-income homebuyers in eligible rural areas secure affordable housing with no down payment required. Backed by the U.S. Department of Agriculture, this loan offers competitive interest rates, flexible credit requirements, and lower mortgage insurance costs compared to conventional loans. Borrowers work with approved lenders, and the USDA provides a guarantee, reducing the lender’s risk and making homeownership more accessible. |
Take the First Step Toward $0 Down Financing |
• *Eldon • Farson • Highland Center • *Kirkville • Loch Burns • Munterville • Ormanville • Ottumwa • Rutledge
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 Wapello County.
Wapello County, located in the great state of Iowa, was established on February 17, 1843. It was named in honor of Chief Wapello, a Native American chief of the Meskwaki tribe who played an essential role in maintaining peace between natives and settlers. The county is part of the larger historical region known as the "Blackhawk Purchase," which was acquired by the United States through a treaty with the Native American tribes of Sauk and Meskwaki in 1832.
The county seat is Ottumwa, a town that was founded in 1843 on the banks of the Des Moines River, which played an essential role in the growth and development of the region. The town served as a hub for trade, transportation, and industry in its early years, facilitated by the river.
As rural Iowa developed, agriculture became the backbone of this county's economy, with corn and soybeans being the primary crops. Industry and manufacturing also played a significant role in Wapello County's growth, particularly the coal-mining industry which thrived in the late 19th and early 20th centuries.
A fun fact about Wapello County is that it's the birthplace of Tom Arnold, an American actor and comedian best known for his work in TV shows such as "Roseanne" and "The Tom Show," as well as hosting the "Best Damn Sports Show Period". Arnold was born in Ottumwa in 1959, showing that Wapello County has had its share in contributing to American popular culture.