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There are 164 USDA backed residential loans in Franklin parish with an average loan balance of $97,028. Over 86% of the loans helped first time home buyers. Borrowers were an average age of 38 years old. The typical appraised home value was around $103,417. On average the rural home size purchased with this loan was approximately 1,748 SqFt.
The size of Franklin Parish is roughly 1,645 square kilometers. There are no geographical USDA loan restrictions in this parish. The influence score for Franklin Parish is 8. Look below for the interactive parish level map illustration below for more details.
Start your search for USDA loan eligible properties in the cities of Franklin Parish, LA
* cities most likely to have USDA loan eligible properties for sale.
Bakers • *Baskin • Baskinton • Big Creek • Brownell • Buie • Bushes • Chase • Como • Crowville • Elam • Extension • Fort Necessity • *Gilbert • Griffin • Holly Grove • Jigger • Lamar • Liddieville • Longview • Lorelein • Mason • Metropolis • Swampers • *Winnsboro • *Wisner
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 Franklin Parish.
Franklin Parish is located in the northeastern part of the great state of Louisiana. It was officially established on March 1, 1843, and named in honor of Benjamin Franklin, one of the Founding Fathers of the United States. The parish was carved out of portions from the neighboring parishes of Carroll, Ouachita, and Catahoula, and its parish seat is Winnsboro, which was established in 1907.
Franklin Parish is known for its rich agricultural history, in which cotton played a significant role. Throughout the years, the parish has gone through several phases of economic development, including lumbering and manufacturing industries. It was once home to the popular "old steam cotton gin," which was utilized to process the massive amounts of cotton produced in the region.
One fun fact about Franklin Parish is that the town of Winnsboro is known as the "Stars and Stripes Capital of Louisiana." This nickname was earned because of the town's annual display of more than 350 United States flags lining its streets during national holidays, including Memorial Day, Independence Day, and Veterans Day. The tradition was started in 1981 and has continued strong ever since, and today has become a symbol of pride for the local community.