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There are 111 USDA backed residential loans in Los Alamos county with an average loan balance of $177,573. Over 66% of the loans helped first time home buyers. Borrowers were an average age of 39 years old. The typical appraised home value was around $187,479. On average the rural home size purchased with this loan was approximately 1,414 SqFt. Alternate income limits exist to determine loan eligibility in Los Alamos county. For a household of upto 4 people the income limit is $112,850. For a household of between 5 and 8 people the income limit increases to $148,950.
The size of Los Alamos County is roughly 282 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Los Alamos County is 2. 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 Los Alamos County.
Los Alamos County, situated in the beautiful state of New Mexico, has a rich history that dates back to the ancestral Pueblo people who called the region home in the 1200s. In the late 1800s and early 1900s, the area went through a influx of settlers with the Homestead Act, and Los Alamos Ranch School was established in 1917.
However, the turning point in Los Alamos County's history came in 1942 when the US government selected it as the primary site for the top-secret Manhattan Project, aimed at developing the world's first atomic bomb during World War II. The isolated location and the presence of qualified personnel from the Los Alamos Ranch School made it an ideal location for this historic endeavor.
Today, Los Alamos County is home to the Los Alamos National Laboratory, which continues to be at the forefront of scientific research and technological advancements. The county has a population of around 18,000 residents (as of 2021) and is known for its exceptional quality of life, education system, and outdoor recreational opportunities.
Fun Fact: Los Alamos County has been consistently ranked as one of the best places in the United States for its high median income, low crime rate, and excellent education system. In fact, it has the highest concentration of Ph.D. holders per capita in the United States.