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There are 63 USDA backed residential loans in Linn county with an average loan balance of $74,979. Over 74% of the loans helped first time home buyers. Borrowers were an average age of 39 years old. The typical appraised home value was around $77,642. On average the rural home size purchased with this loan was approximately 1,407 SqFt. Linn 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 Linn County is roughly 1,610 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Linn County is 8. 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 Linn County, MO
* cities most likely to have USDA loan eligible properties for sale.
*Brookfield • *Browning • *Bucklin • Eversonville • Forker • Fountain Grove • Hecla • *Laclede • *Linneus • *Marceline • *Meadville • New Boston • North Salem • *Purdin • Saint Catharine • Shafter
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 Linn County.
Linn County, located in the great state of Missouri, was established on January 6, 1837. Named in honor of Senator Lewis F. Linn, who represented Missouri in the United States Senate, the county is part of Missouri's greater Northwest region. The county seat is Linneus, which was named after the famous Swedish botanist, Carl Linnaeus.
The growth and development of Linn County were significantly influenced by the construction of railroads in the 1850s-1860s. The Hannibal and St. Joseph Railroad played a crucial role in contributing to the area's economic prosperity. As a result, several towns, such as Brookfield, Marceline, and Bucklin, emerged along the railroad tracks, serving as commercial and transportation hubs for the region.
During the Civil War, Linn County experienced skirmishes and guerrilla warfare. On July 21, 1861, Confederate forces led by Col. Martin E. Green attacked the small Union garrison stationed in Linneus. The Union soldiers managed to repel the attack and forced Green's forces to retreat. Numerous other smaller engagements also took place in the region during this time.
Agriculture has been the backbone of Linn County's economy throughout its history, with corn, soybeans, and livestock being the primary agricultural products. In recent years, the county has also grown into a center for renewable energy production, with wind turbines dotting the landscape.
Fun Fact: Linn County is home to one of the largest annual rodeos in Missouri - the Linn County Fair and Rodeo, held in Brookfield. This event is a favorite among locals and visitors alike, featuring exciting rodeo competitions, parades, and various family-friendly activities.