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Looking to buy in Olmsted County, Minnesota?
There are 518 USDA backed residential loans in Olmsted county with an average loan balance of $148,209. Over 68% of the loans helped first time home buyers. Borrowers were an average age of 36 years old. The typical appraised home value was around $147,560. On average the rural home size purchased with this loan was approximately 1,201 SqFt. Olmsted county applies the standard USDA income limits to determine loan eligibility. For a household of upto 4 people the income limit is $90,300. For a household of between 5 and 8 people the income limit is increased to $119,200.
The size of Olmsted County is roughly 1,694 square kilometers. USDA defined regions of rural loan ineligibility in Olmsted cover 435 square kilometers of the county. Approximately 25.7% of Olmsted County is ineligible for traditional USDA home loans. 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 Olmsted County, MN
* cities most likely to have USDA loan eligible properties for sale.
*Byron • Cedar Beach • Chester • Cummingsville • Danesville • Douglas • *Dover • *Eyota • Genoa • Golden Hill • High Forest • Judge • Marion • *Oronoco • Pleasant Grove • Post Town • Potsdam • Predmore • Ringe • Rochester • Rock Dell • Shanty Town • Simpson • *Stewartville • Viola
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 Olmsted County.