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Looking to buy in Phelps County, Nebraska?
There are 184 USDA backed residential loans in Phelps county with an average loan balance of $78,644. Over 80% of the loans helped first time home buyers. Borrowers were an average age of 37 years old. The typical appraised home value was around $81,494. On average the rural home size purchased with this loan was approximately 1,388 SqFt. Phelps 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 Phelps County is roughly 1,396 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Phelps 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 Phelps County, NE
* cities most likely to have USDA loan eligible properties for sale.
*Atlanta • *Bertrand • Clyde • *Funk • *Holdrege • *Loomis • Sacramento
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 Phelps County.