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Looking to buy in Red Lake County, Minnesota?
There are 42 USDA backed residential loans in Red Lake county with an average loan balance of $80,800. Over 85% of the loans helped first time home buyers. Borrowers were an average age of 31 years old. The typical appraised home value was around $86,717. On average the rural home size purchased with this loan was approximately 1,382 SqFt. Alternate income limits exist to determine loan eligibility in Red 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 Red Lake County is roughly 1,117 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 Red Lake County, MN
* cities most likely to have USDA loan eligible properties for sale.
*Brooks • Delorme • Dorothy • Huot • *Oklee • Perault • *Plummer • *Red Lake Falls • Roland • Terrebonne • Wylie
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 Red Lake County.