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Looking to buy in Monroe County, Indiana?
There are 549 USDA backed residential loans in Monroe county with an average loan balance of $120,729. Over 80% of the loans helped first time home buyers. Borrowers were an average age of 37 years old. The typical appraised home value was around $120,205. On average the rural home size purchased with this loan was approximately 1,322 SqFt. Monroe 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 Monroe County is roughly 1,063 square kilometers. USDA defined regions of rural loan ineligibility in Monroe cover 138 square kilometers of the county. Approximately 13.0% of Monroe 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 Monroe County, IN
* cities most likely to have USDA loan eligible properties for sale.
Bloomington • Broadview • Cascade • Chapel Hill • Clear Creek • Dolan • *Ellettsville • Elwren • Fleener • Forest Park Heights • Garden Acres • *Harrodsburg • Hindustan • Kirby • Kirksville • Knight Ridge • Lancaster Park • Leonard Springs • Marlin Hills • Modesto • Mount Tabor • *SmithvilleSanders • Stanford • *Stinesville • Sunny Slopes • Unionville • Van Buren Park • Victor • West Brook Downs • Woodville Hills • Yellowstone
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 Monroe County.