Looking to buy in Cherry County, Nebraska?
Select from the list of cities below or use the search feature to find active property listings in a city where you would like to live.
Start your search for USDA loan eligible properties in the cities of Cherry County, NE
* cities most likely to have USDA loan eligible properties for sale.
Arabia • Bayonne • *Brownlee • Cascade • *Cody • Conterra • *Crookston • Doughboy • Eli • Elsmere • Hire • Irwin• • •
What is a USDA Loan? |
The USDA 502 Guaranteed Loan Program is designed to help low-to-moderate-income homebuyers in eligible rural areas secure affordable housing with no down payment required. Backed by the U.S. Department of Agriculture, this loan offers competitive interest rates, flexible credit requirements, and lower mortgage insurance costs compared to conventional loans. Borrowers work with approved lenders, and the USDA provides a guarantee, reducing the lender’s risk and making homeownership more accessible. |
Take the First Step Toward 0% Down Financing |
• Kennedy • *Kilgore • Leat • *Merriman • *Nenzel • Simeon • Sparks • Thatcher • *Valentine • *Wood Lake
There are 23 USDA backed residential loans in Cherry county with an average loan balance of $80,326. Over 91% of the loans helped first time home buyers. Borrowers were an average age of 32 years old. The typical appraised home value was around $81,521. On average the rural home size purchased with this loan was approximately 1,172 SqFt. Cherry 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 Cherry County is roughly 15,567 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Cherry 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 properties in Cherry County.
Cherry County, located in the great state of Nebraska, is the largest county in the state, covering an impressive 6,010 square miles. Established on February 23, 1883, the county was named after Lieutenant Samuel A. Cherry, an Army officer who died in an 1881 skirmish with Native Americans.
Cherry County's rich history dates back thousands of years with evidence of human occupation from ancient Native American tribes. European settlers gradually made their way to Cherry County in the late 19th century, primarily drawn to the area's ranching opportunities due to abundant grasslands and the Niobrara River. The expanding railroad in the region also contributed to its growth. The main industries in Cherry County have been and continue to be agriculture and livestock.
One fun fact about Cherry County is that it is home to the Valentine National Wildlife Refuge, a popular destination for nature enthusiasts, bird watchers, and anglers. The refuge covers approximately 71,516 acres and offers various recreational activities, such as fishing, hunting, and wildlife observation.