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Looking to buy in Faribault County, Minnesota?
There are 188 USDA backed residential loans in Faribault county with an average loan balance of $70,289. Over 79% of the loans helped first time home buyers. Borrowers were an average age of 37 years old. The typical appraised home value was around $71,883. On average the rural home size purchased with this loan was approximately 1,426 SqFt. Alternate income limits exist to determine loan eligibility in Faribault county. For a household of upto 4 people the income limit is $92,600. For a household of between 5 and 8 people the income limit increases to $122,250.
The size of Faribault County is roughly 1,868 square kilometers. There are no geographical USDA loan restrictions here. See the interactive county level map illustration below for more details.
Select from the list of cities below or use the search feature to find active property listings in a city where you would like to live.
Start your search for USDA loan eligible properties in the cities of Faribault County, MN
* cities most likely to have USDA loan eligible properties for sale.
Baroda • *Blue Earth • *Bricelyn • Brush Creek • *Delavan • Dell • *Easton • *Elmore • *Frost • Guckeen • Huntley • *Kiester • Marna • *Minnesota Lake • Pilot Grove • Riverside Heights • *Walters • *Wells • *Winnebago
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 Faribault County.