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There are 6,078 USDA backed residential loans in Massachusetts with an average loan balance of $221,548. Over 84% of the loans went to help first time home buyers. Borrowers were an average age of 37 years old. The typical appraised home value was around $227,454. On average the rural home size purchased with this loan was approximately 1,394 square feet.
The size of Massachusetts is roughly 27,336 square kilometers. USDA defined regions of rural loan ineligibility in Massachusetts cover 6,533 square kilometers of the state. See the interactive geographic illustration below for more details. Approximately 23.9% of the state is ineligible for traditional USDA home loans.
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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 Search for USDA Eligible Properties throughout the state of Massachusetts.
Massachusetts ratified the 1787 United States Constitution on February 6th, 1788 where the state capitol today resides in Boston.
The official Massachusetts state motto is "Ense Petit Placidam Sub Libertate Quietem," which is Latin for "By the Sword We Seek Peace, But Peace Only Under Liberty." The motto was adopted by the state in 1775 and is a reference to the Revolutionary War. The phrase is attributed to the Roman historian Sallust, who wrote it in reference to the Roman Republic's struggle for freedom from the monarchy. The motto is symbolic of Massachusetts' commitment to freedom and liberty, and can be seen as a reminder that peace can only be achieved when liberty is respected.
The Massachusetts State Office, located in Amherst, MA, administers activity in Massachusetts, Connecticut, and Rhode Island. Massachusetts area offices are located in Hadley, Holden and West Wareham. All offices are open to the public Monday through Friday from 8:00 a.m. until 4:30 p.m.Featured Properties from USDA Loan Eligible Regions of Massachusetts