USDA loan eligible properties in Audrain County, MO  

$149,500
3 beds | 1 baths | 1,020 sqft | Active
Mexico, MO 65265
Charming 3 bedroom, 1 bath home freshly updated with new carpet,...

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Cindy Lynn-Drainer

At Home Realty, LLC

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There are 309 USDA backed residential loans in Audrain county with an average loan balance of $82,665. Over 75% of the loans helped first time home buyers. Borrowers were an average age of 37 years old. The typical appraised home value was around $84,355. On average the rural home size purchased with this loan was approximately 1,341 SqFt. Audrain 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 Audrain County is roughly 1,803 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Audrain County is 5. 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 Audrain County.

Interested in the geographic boundaries that define USDA Loan eligibility?
View the detailed USDA boundaries and read about general conditions of
Audrain County, Missouri
.

Audrain County, located in the great state of Missouri, was formally established on December 17, 1836. Named in honor of Colonel James Hunter Audrain, a war veteran and prominent local figure, the county was carved out from the union of Ralls and Callaway Counties. Mexico, the county seat, was founded in 1836 and officially incorporated in 1855. Audrain County is part of the Centralia Micropolitan Statistical Area.

The county has a rich agricultural heritage, mainly focusing on crop and livestock farming. In the mid-19th century, it became a leading producer of corn, wheat, and hay. The development of the railroad system in the late 1800s helped boost the agricultural economy even more. Over the years, Audrain County has been home to several cultural events, including the annual Soybean Festival and the Walk Back in Time historic event at the Audrain Historical Society.

A fun fact about Audrain County is that it is known as the "Firebrick Capital of the World." At its peak, Mexico, the county seat, was home to five firebrick factories, which produced fire-resistant bricks used in various industries. The AP Green Fire Brick Company, founded in 1910, was one of the major contributors to the economy of the area and remained in operation until the early 21st century.