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There are 138 USDA backed residential loans in Kanabec county with an average loan balance of $106,248. Over 85% of the loans helped first time home buyers. Borrowers were an average age of 40 years old. The typical appraised home value was around $107,394. On average the rural home size purchased with this loan was approximately 1,262 SqFt. Alternate income limits exist to determine loan eligibility in Kanabec 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 Kanabec County is roughly 1,381 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Kanabec County is 4. 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 Kanabec County, MN
* cities most likely to have USDA loan eligible properties for sale.
Brunswick • Coin • Grass Lake • *Grasston • Kroschel • Lewis Lake • *Mora • *Ogilvie • *Quamba • Warman
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 Kanabec County.
Kanabec County, located in the great state of Minnesota, was established on March 13, 1858, and officially organized on May 23, 1882. Situated in the east-central part of the state, the county's name derives from a Dakota word that translates to "snake" and was originally given to the Snake River, which meanders through the county. Mora, the county's largest city, serves as the county seat. The county spans 533 square miles in area, with much of its terrain made up of wetlands, lakes, and forests.
Kanabec County's economy has historically revolved around agriculture, specifically grazing and dairy farming. The area's logging industry emerged in the late 19th century and remained prevalent until the early 20th century. The vast forests in the region made logging a natural resource to capitalize on. Ojibwe and Dakota people were the original inhabitants of the area, who later made treaties with European settlers.
A fun fact about Kanabec County is that every year it hosts the Vasaloppet USA, a cross-country ski race in Mora. This event, usually held in February, is the largest and oldest cross-country ski race in the region, drawing participants from around the world. It was inspired by the original Vasaloppet race held in Sweden, which began in 1922.