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Looking to buy in Gates County, North Carolina?
There are 30 USDA backed residential loans in Gates county with an average loan balance of $141,917. Over 80% of the loans helped first time home buyers. Borrowers were an average age of 40 years old. The typical appraised home value was around $148,490. On average the rural home size purchased with this loan was approximately 1,894 SqFt. Gates 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 Gates County is roughly 896 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Gates County is 4. 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 Gates County, NC
* cities most likely to have USDA loan eligible properties for sale.
Acorn Hill • Ballard Crossroads • Buckland • Carter • Corapeake • Dort • Drum Hill • Eason Crossroads • Eleanors Crossroads • Eure • Flat Branch • Folly Fork • Gates • *Gatesville • Greens Fork • Hazelton • Hobbsville • Hoflers Fork • Joppa • Kellogs Fork • Keys Crossroads • Mintonsville • Mitchells Fork • Muddy Cross • Old Chapel Crossroads • Parkers Fork • Powell Crossroads • Rays Beach • Reynoldson • Riddick Crossroads • Roduco • Sarem • Savage • Savages Crossroads • Selwin • Storys • *Sunbury • Tarheel • Topsy • Trotville • Walton Crossroads • Wardville • Willeyton • Wyanoke
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 Gates County.
Gates County is a rural county located in the northeastern part of North Carolina, United States. Established in 1779, the county takes its name from General Horatio Gates, a Revolutionary War hero who led the American forces to victory at the Battle of Saratoga in 1777. The county formation was a result of dividing the areas that were previously parts of Chowan, Perquimans, and Hertford Counties.
The economy of Gates County has predominantly been agricultural since its inception. Raising livestock and cultivating crops like corn, soybeans, and cotton have continued to be vital aspects of the local economy over the centuries. In terms of historical attractions, the county is home to several sites listed on the National Register of Historic Places, like Reynoldson Church and the J. F. Riddick House.
Fun fact: Gates County is part of the Inner Banks, a region composed of over 3,000 miles of North Carolina's coastline. This makes it an attractive inland region offering a number of recreational activities such as sailing, fishing, and boating.