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Looking to buy in Madison County, Indiana?
There are 666 USDA backed residential loans in Madison county with an average loan balance of $100,299. Over 83% of the loans helped first time home buyers. Borrowers were an average age of 37 years old. The typical appraised home value was around $100,798. On average the rural home size purchased with this loan was approximately 1,663 SqFt. Madison 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 Madison County is roughly 1,169 square kilometers. USDA defined regions of rural loan ineligibility in Madison cover 454 square kilometers of the county. Approximately 38.8% of Madison County is ineligible for traditional USDA home loans. See the interactive county level map illustration below for more details.
Select from the list of cities below or use the search feature to find active property listings in a city where you would like to live.
Start your search for USDA loan eligible properties in the cities of Madison County, IN
* cities most likely to have USDA loan eligible properties for sale.
*Alexandria • Alfont • Alliance • Anderson • Bloomer • Chesterfield • Country Club Heights • Dundee • Edgewood • Edgewood Village • *Elwood • Emporia • Fishersburg • Florida • *Frankton • Gridley • Hardscrabble • Huntsville • *Ingalls • *Lapel • Leisure • Linwood • *Markleville • Moonville • New Columbus • *Orestes • *Pendleton • Perkinsville • Prosperity • River Forest • South Elwood • *Summitville • Sunview • Woodlawn Heights
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 Madison County.