browse list of realtors working in Faribault County
Faribault county has 1 usdaproperties.com realtor ready to help with your search!
August 2024 Featured Agent | |
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Karen Mussmann | from EXIT Realty Great Plains |
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 in this county. The influence score for Faribault County is 8. 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 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.
Faribault County is located in southern Minnesota and is named after Jean-Baptiste Faribault, a fur trader of French-Canadian descent who was influential in the area during the early 19th century. The county was officially established on February 20, 1855, and has its seat in Blue Earth, which is also one of the largest towns in the county.
Before the arrival of European settlers, the land was inhabited by various Native American tribes, including the Dakota Sioux. The region was explored by the French and the British before eventually becoming part of the United States through the Louisiana Purchase in 1803. Settlement in the area accelerated during the 1850s as pioneers, mainly from New England and other Eastern states, moved westward to seek new farmland and opportunities.
The rich and fertile soil of Faribault County, drained by the Blue Earth River and its tributaries, made it ideal for agriculture. Throughout its history, the county's economy has been based predominantly on farming, with a focus on crops such as corn, soybeans, and wheat, as well as livestock production.
A fun fact about Faribault County is that the small town of Blue Earth is home to the Jolly Green Giant Statue, which stands 55 feet tall and was erected in 1979. This iconic statue pays tribute to the successful Minnesota-based food company, Green Giant, and has become a popular roadside attraction for travelers passing through the area.