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Looking to buy in Merrick County, Nebraska?
There are 81 USDA backed residential loans in Merrick county with an average loan balance of $75,020. Over 85% of the loans helped first time home buyers. Borrowers were an average age of 37 years old. The typical appraised home value was around $78,761. On average the rural home size purchased with this loan was approximately 1,615 SqFt. Merrick 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 Merrick County is roughly 1,280 square kilometers. USDA defined regions of rural loan ineligibility in Merrick cover 45 square kilometers of the county. Approximately 3.5% of Merrick County is ineligible for traditional USDA home loans. The influence score for Merrick County is 8. See the interactive county level map illustration below for more details.
Start your search for USDA loan eligible properties in the cities of Merrick County, NE
* cities most likely to have USDA loan eligible properties for sale.
*Archer • *Central City • *Chapman • *Clarks • Havens • Heber • Hord • Lockwood • Paddock • *Palmer • *Silver Creek • Worms
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 Merrick County.