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There are 19 USDA backed residential loans in Clark county with an average loan balance of $74,283. Over 68% of the loans helped first time home buyers. Borrowers were an average age of 33 years old. The typical appraised home value was around $81,077. On average the rural home size purchased with this loan was approximately 1,522 SqFt. Clark 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 Clark County is roughly 2,528 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Clark County is 9. Look below for the interactive county level map illustration below for more details.
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 Clark County.
Clark County is located in the southwestern part of Kansas and was officially established on February 18, 1885. It was named in honor of Charles F. Clarke, a Civil War Union general, though a clerical error during official proceedings led to the county being spelled as "Clark" instead of "Clarke."
Initially, the region was inhabited by Native American tribes, such as the Apache, Comanche, and Kiowa. The area became part of the United States following the Louisiana Purchase in 1803. It was later organized under the Kansas-Nebraska Act of 1854, which paved the way for the formation of the Kansas Territory. Clark County was created from parts of Ford and Comanche counties.
During the late 19th and early 20th centuries, the economy of Clark County was primarily driven by agriculture and cattle ranching. The arrival of the railroad facilitated growth, leading to the establishment of towns and communities such as Ashland, Englewood, and Minneola.
One fun fact about Clark County is the existence of the Big Basin Prairie Preserve, a 1,818-acre nature reserve situated within the county. The preserve is home to the Big Basin, a large sinkhole that measures approximately one mile in diameter and is more than 100 feet deep. This sinkhole, formed by the dissolution of salt beds and underground water erosion, is the largest of its kind in the state and serves as a unique natural attraction in the region.