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Find USDA Eligible Properties in Steele County
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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.
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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.
View the detailed USDA boundaries and read about general conditions of
Steele County, Minnesota
.Steele County, located in the great state of Minnesota, was established on February 20, 1855. It was named in honor of Franklin Steele, a prominent early settler, who played a significant role in developing the city of Minneapolis. The county covers a total area of 432 square miles and lies within the Southeastern part of Minnesota. Its county seat and largest city is Owatonna, which was founded in 1854.
In the early years, the region was predominantly populated by Native American tribes, particularly the Dakota people. The area later became an agricultural hub with fertile lands, attracting many Europeans to settle in various townships like Clinton Falls, Merton, and Havana in the late 19th century. Railroads further contributed to the development and growth of this county, with the rapid expansion of many industries.
A fun fact about Steele County is the presence of the National Farmers' Bank (now Wells Fargo), which was designed by architect Louis Sullivan. It is one of his "jewel-box" bank designs and is now considered a local landmark in the city of Owatonna.
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