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Looking to buy in Morgan County, Indiana?
There are 1,235 USDA backed residential loans in Morgan county with an average loan balance of $117,212. Over 77% of the loans helped first time home buyers. Borrowers were an average age of 39 years old. The typical appraised home value was around $117,792. On average the rural home size purchased with this loan was approximately 1,565 SqFt. Alternate income limits exist to determine loan eligibility in Morgan county. For a household of upto 4 people the income limit is $94,300. For a household of between 5 and 8 people the income limit increases to $124,500.
The size of Morgan County is roughly 1,061 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Morgan County is 1. See the interactive county level map illustration below for more details.
Start your search for USDA loan eligible properties in the cities of Morgan County, IN
* cities most likely to have USDA loan eligible properties for sale.
Allman • Banta • *Bethany • Bluffs • Briarwood • *Brooklyn • Brookmoor • Browns Crossing • Centerton • Champlin Meadows • Cope • Crestview Heights • Crown Center • Eminence • Exchange • Fewell Rhoades • Fields • Fox Hill • Gasburg • Hall • Hyndsdale • Lake Hart • Landersdale • Little Point • Mahalasville • *Martinsville • Maxwell • McDaniel • Miller • *Monrovia • *Mooresville • *Morgantown • *Painted Hills • *Paragon • Plano • Ridgewood • Shelburne • Sundown Manor • Wakeland • Waverly • Waverly Woods • Whitaker • Wilbur • Willowbrook Estates • Wiser • Wolff • Woodcrest • Young
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 Morgan County.