USDA loan eligible properties in Madison County, MO  

$169,900
3 beds | 2 baths | 1,080 sqft | Active
Fredericktown, MO 63645
Under Construction: Welcome to your future dream home! This...

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$100,000
? beds | 0 baths | ? sqft | Active
Fredericktown, MO 63645
Approximately 3/4 acre commercial lot located directly behind...

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browse list of realtors working in Madison County

There are 118 USDA backed residential loans in Madison county with an average loan balance of $84,026. Over 76% of the loans helped first time home buyers. Borrowers were an average age of 38 years old. The typical appraised home value was around $83,521. On average the rural home size purchased with this loan was approximately 1,307 SqFt. Madison 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 Madison County is roughly 1,290 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Madison County is 8. 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 Madison County.

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

Madison County is located in the southeastern region of the great state of Missouri. Established on December 14, 1818, it was named after James Madison, the fourth President of the United States, who played a major role in drafting and promoting the U.S. Constitution and Bill of Rights. The county seat is Fredericktown, which was founded in 1819 by George Frederick Bollinger.

In the early 18th century, the region was inhabited primarily by Native Americans, specifically the Osage tribe. White settlers began arriving in Madison County in the late 1700s and early 1800s from the eastern parts of the United States. These settlers were attracted to the natural resources of the region, particularly the abundant forests and waterways.

One of the main industries in the early years of Madison County history was mining. In fact, Missouri's first lead mine, Mine La Motte, was established in the county in 1720 by a French explorer named Sieur Antoine Laumet de La Mothe. The mine provided lead for bullets during the American Revolution and the War of 1812. The rich mineral resources in Madison County gave rise to numerous other mines and helped to create a thriving mining industry in the area.

An interesting fact about Madison County is that the Fredericktown courthouse has one of the few remaining Victorian-era cast iron courthouse fences in the state of Missouri. This ornate and intricate fence is a unique historic feature of the area.

Madison County is home to several parks and natural landmarks that offer visitors plenty of outdoor recreational activities. The county's beautiful landscapes have helped to forge a strong sense of community pride and a deep appreciation for its cultural heritage.