USDA loan eligible properties in Murray County, MN 
Select from the list of cities below or use the search feature to find active property listings in a city or postal code where you would like to live.
* cities most likely to have USDA loan eligible properties for sale.
*Avoca • *Chandler • Current Lake • *Currie • *Dovray • *Fulda • *Hadley • *Iona • • •
| What is a USDA Loan? |
| The USDA 502 Guaranteed Loan Program is designed to help homebuyers in eligible rural areas secure affordable housing with no down payment required. Backed by the U.S. Department of Agriculture, this loan offers competitive interest rates, flexible credit requirements, and lower mortgage insurance costs compared to conventional loans. Borrowers work with approved lenders, and the USDA provides a guarantee, reducing the lender’s risk and making homeownership more accessible. |
| Take the First Step Toward 0% Down Financing |
• *Lake Wilson • Lime Creek • Owanka • *Slayton • *The Lakes • Wirock
browse list of realtors working in Murray CountyThere are 99 USDA backed residential loans in Murray county with an average loan balance of $73,718. Over 76% of the loans helped first time home buyers. Borrowers were an average age of 34 years old. The typical appraised home value was around $76,831. On average the rural home size purchased with this loan was approximately 1,402 SqFt. Alternate income limits exist to determine loan eligibility in Murray 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 Murray County is roughly 1,862 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Murray County is 9. Look below for the interactive county level map illustration below for more details.
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 loan eligible properties in Murray County.
View the detailed USDA boundaries and read about general conditions of
Murray County, Minnesota
.Murray County is located in the southwestern region of the great state of Minnesota. Established on May 23, 1857, it was named in honor of William Pitt Murray, a prominent lawyer and legislator based in St. Paul, Minnesota. However, county offices and organization only began functioning in 1872 due to a low population in the region.
The land in the Murray County area was primarily used for agriculture, with the Minnesota River Valley and Buffalo Ridge providing fertile grounds. The first settlers, mainly of Norwegian, Swedish, Irish, Scottish, and Belgian descent, arrived in the 1860s and 1870s. The expansion of railways in the area brought in more settlers and contributed to the growth of the county.
An interesting fun fact about Murray County is that it is home to Lake Shetek - the largest lake in southwestern Minnesota. The name "Shetek" is derived from the Ojibwe word "zheta" which translates to "pelican", due to the presence of American White Pelican populations in the area. The lake played a significant role in the region's history, specifically in the establishment of early settlements and the events that unfolded during the Dakota War of 1862. Today, Lake Shetek State Park remains a popular destination for outdoor enthusiasts, offering opportunities for fishing, boating, and camping.
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