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There are 16 USDA backed residential loans in Martin county with an average loan balance of $100,798. Over 68% of the loans helped first time home buyers. Borrowers were an average age of 35 years old. The typical appraised home value was around $103,856. On average the rural home size purchased with this loan was approximately 1,531 SqFt. Martin 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 Martin County is roughly 598 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Martin 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 Martin County, KY
* cities most likely to have USDA loan eligible properties for sale.
Beauty • Davella • Davisport • Debord • Hode • *Inez • Job • Laura • Lovely • McClure • Milo • Moree • Pilgrim • Stidham • Threeforks • Tomahawk • *Warfield
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 Martin County.
Martin County is located in the eastern part of the great state of Kentucky. It was established on September 1, 1870, and was named in honor of U.S. Congressman John Preston Martin. The county was formed from parts of Floyd, Johnson, Lawrence, and Pike Counties. In addition to its rich Appalachian history, the region has been characterized by its coal mining industry, which has played a vital role in the economic development of the area.
Inez is the county seat of Martin County, and the town holds historical significance as the site of the meeting between President Lyndon B. Johnson and local resident Tom Fletcher in 1964. This meeting marked the beginning of the War on Poverty when President Johnson visited the community to witness the hardships faced by the people living in the county.
One fun fact about Martin County is that it hosts the annual Gingerbread Festival. Held in September in the town of Inez, the festival showcases crafts, live music, and delicious food, all to celebrate the culture and the local community. The event highlights the resilience and strength of the people of Martin County, who continue to persevere and flourish despite historic economic challenges.