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Looking to buy in Lake County, Minnesota?
There are 112 USDA backed residential loans in Lake county with an average loan balance of $122,313. Over 81% of the loans helped first time home buyers. Borrowers were an average age of 36 years old. The typical appraised home value was around $122,674. On average the rural home size purchased with this loan was approximately 1,317 SqFt. Alternate income limits exist to determine loan eligibility in Lake 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 Lake County is roughly 5,924 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 Lake County, MN
* cities most likely to have USDA loan eligible properties for sale.
Alger • *Beaver Bay • Castle Danger • Cramer • East Beaver Bay • *Finland • Forest Center • Illgen City • Isabella • Jay See Landing • Knife River • Larsmont • Lauren • Lax Lake • Little Marais • McNair • Murphy City • Prairie Portage • Sawbill Landing • Section Thirty • *Silver Bay • Silver Rapids • Toimi • *Two Harbors • Waldo • Wales • White Iron • Whyte • Winter
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 Lake County.