browse list of realtors working in Vermillion County
Vermillion county has 1 usdaproperties.com realtor ready to help with your search!
September 2024 Featured Agent | |
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Jeff Michalic | from Mossy Oak Properties Indiana Land and Lifestyle |
There are 175 USDA backed residential loans in Vermillion county with an average loan balance of $69,024. Over 77% of the loans helped first time home buyers. Borrowers were an average age of 36 years old. The typical appraised home value was around $72,207. On average the rural home size purchased with this loan was approximately 1,496 SqFt. Vermillion 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 Vermillion County is roughly 672 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Vermillion County is 2. 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 Vermillion County, IN
* cities most likely to have USDA loan eligible properties for sale.
Alta • *Blanford • *Cayuga • Centenary • *Clinton • Crompton Hill • *Dana • Easytown • Eugene • *Fairview Park • Flat Iron • Gessie • Jonestown • Klondyke • *Newport • *Perrysville • Quaker • Randall • Rhodes • Rileysburg • *Saint Bernice • Sandytown • Summit Grove • Syndicate • Tree Spring • *Universal • West Clinton • West Dana
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 Vermillion County.
Vermillion County, located in the western part of the great state of Indiana, was officially established on January 2, 1824. It was named after the Vermillion River, which flows through the county and eventually joins the Wabash River. The county seat, Newport, was established the same year. The region was primarily settled by European immigrants, including a significant number of French-Canadian settlers, who arrived in the early 1800s to take advantage of the fertile land and trade opportunities provided by the river.
Various industries played essential roles in the growth and development of Vermillion County. Coal mining was one of the primary industries during the 19th and early 20th centuries, with numerous mines operating in the area. Agriculture also prospered, with farmers cultivating crops like corn, wheat, and hay. The county's rich soil made it an ideal location for farming, which remains an important industry in the region today.
The construction of the Wabash and Erie Canal, which passed through Vermillion County, was another significant factor in the county's growth. The canal, completed in 1853, opened up several economic opportunities for the region's residents, including trade and transportation.
A fun fact about Vermillion County is that it is home to the Newport Hill Climb, a unique and historic auto racing event started in 1909. The annual event attracts thousands of visitors and features vintage and classic vehicles competing in timed races up a steep hill, a nod to the early days of automobile innovation and testing. The Hill Climb is now an automotive festival, offering food, live music, and family-friendly activities, alongside the central event of the racing competition.