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Looking to buy in Steele County, Minnesota?
There are 849 USDA backed residential loans in Steele county with an average loan balance of $121,945. Over 71% of the loans helped first time home buyers. Borrowers were an average age of 36 years old. The typical appraised home value was around $118,745. On average the rural home size purchased with this loan was approximately 1,210 SqFt. Alternate income limits exist to determine loan eligibility in Steele 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 Steele County is roughly 1,119 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Steele County is 7. Look below for the interactive county level map illustration below for more details.
Start your search for USDA loan eligible properties in the cities of Steele County, MN
* cities most likely to have USDA loan eligible properties for sale.
Bixby • *Blooming Prairie • Clinton Falls • Deerfield • *Ellendale • Havana • Hope • Lemond • Litomysl • *Medford • Meriden • Merton • Moland • *Owatonna • Pratt • River Point • Saco • Steele Center • Summit • Union
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 Steele County.