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There are 35 USDA backed residential loans in Lee county with an average loan balance of $70,616. Over 77% of the loans helped first time home buyers. Borrowers were an average age of 34 years old. The typical appraised home value was around $77,181. On average the rural home size purchased with this loan was approximately 1,245 SqFt. Lee 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 Lee County is roughly 547 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Lee County is 9. 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 Lee County, KY
* cities most likely to have USDA loan eligible properties for sale.
Airedale • Arvel • Athol • *Beattyville • Belle Point • Canyon Falls • Cressmont • Delvinta • Enoch • Fixer • Greeley • Heidelberg • Ida May • Lone • Lower Buffalo • Maloney • Monica • Old Landing • Pinnacle • Primrose • Proctor • Saint Helens • Tallega • Vada • White Ash • Williba • Willow Shoals • Yellow Rock • Zoe
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 Lee County.
Lee County in the great state of Kentucky was formed on March 1, 1870, and was named in honor of General Robert E. Lee, a prominent Confederate general during the American Civil War. The county is located in the Eastern Coalfield region of the state, covering a total area of approximately 211 square miles. Beattyville, the largest settlement in Lee County, was established in 1850 and serves as its county seat.
The region was initially inhabited by various Native American tribes, including the Cherokee, Shawnee, and Chickasaw. European settlers arrived in the 18th century and began to develop the area's resources. Lee County's economy has been historically based on the coal, timber, oil, and natural gas industries, which provided employment for local residents.
One interesting fact about Lee County is that it is home to the historic Three Forks of the Kentucky River, where the North, Middle, and South Forks converge. This confluence played a critical role in the river and shipping trade in the 19th century and ultimately led to the establishment of the notable Kentucky River Museum.