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There are 340 USDA backed residential loans in Boyle county with an average loan balance of $96,554. Over 75% of the loans helped first time home buyers. Borrowers were an average age of 39 years old. The typical appraised home value was around $98,502. On average the rural home size purchased with this loan was approximately 1,404 SqFt. Boyle 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 Boyle County is roughly 473 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Boyle County is 7. 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 Boyle County, KY
* cities most likely to have USDA loan eligible properties for sale.
Aliceton • Alum Springs • Atoka • Brumfield • *Danville • Davis Hill • Faulconer • Forkland • Hedgeville • *Junction City • Little Needmore • Mitchellsburg • Needmore • Parksville • *Perryville • Shelby City • Wilsonville
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 Boyle County.
Boyle County is located in the central region of the great state of Kentucky. It was formed on February 15, 1842, from portions of Lincoln and Mercer Counties, and was named in honor of John Boyle, a prominent Kentucky politician, jurist, and Congressman. The county seat is Danville, which is also considered the birthplace of Kentucky.
The history of Boyle County can be traced back to frontier settlements that were established in the late 18th century. Danville played a significant role in Kentucky's statehood, as it was the meeting place for ten constitutional conventions held between 1784 and 1792. Finally, on June 1, 1792, Kentucky was admitted to the Union as the 15th state, marking the end of Danville's role as the de facto capital.
In the 19th century, Boyle County became one of the wealthiest counties in the state due to its prosperous agricultural economy. The region was known for its production of wheat, corn, and hemp, as well as a thriving livestock industry, particularly in the breeding of thoroughbred horses.
During the Civil War, on October 8, 1862, the Battle of Perryville took place in Boyle County. The battle was a significant turning point in the war, as it thwarted the Confederates' attempt to gain control of the state of Kentucky. Today, Perryville Battlefield is preserved as a historical site and serves as a major tourist attraction.
A fun fact about Boyle County is that the first courthouse in Danville was actually a log cabin built in 1785. In addition to its historical significance, Danville is known for its vibrant arts scene, with annual events such as the Great American Brass Band Festival showcasing the county's cultural heritage.