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Find USDA Eligible Properties in Lake County
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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 in this county. The influence score for Lake County is 6. Look below for 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.
View the detailed USDA boundaries and read about general conditions of
Lake County, Minnesota
.Lake County, located in the northeastern part of Minnesota, is a region rich in natural beauty and history. Established on February 20, 1855, the county was named after its abundance of natural lakes, with the most prominent being Lake Superior, the largest freshwater lake in the world by surface area.
The early history of Lake County was greatly influenced by Native American tribes, particularly the Ojibwe, who inhabited the region for thousands of years before Europeans arrived. In the late 17th century, European fur traders, missionaries, and explorers began to settle and interact with the Native American population. The fur trade played a significant role in the area's early economy, setting the stage for later industries such as logging and mining.
In the late 19th and early 20th centuries, Lake County experienced a major logging boom, driven by the extensive forest resources in the region. Logging towns sprouted up, and the county's population and economy grew as a result. During this same period, mining also emerged as a crucial industry, with iron ore mines becoming an essential part of the local and national economy.
Today, Lake County is a popular destination for outdoor enthusiasts who are drawn to its abundant natural resources, including the stunning Lake Superior shoreline, lush forests, and scenic rivers. The county is home to several state parks, including Tettegouche State Park, Split Rock Lighthouse State Park, and Gooseberry Falls State Park, all of which offer recreational activities such as hiking, camping, and sightseeing.
Fun fact: The North Shore Scenic Railroad, located in Lake County, operates on a historic track that dates back to the late 19th century. This popular tourist attraction offers scenic train rides along the Lake Superior shoreline as well as special seasonal events like the "North Shore Express," a holiday-themed ride for families.
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