browse list of realtors working in Torrance County
Torrance county has 2 usdaproperties.com realtors ready to help with your search!
August 2024 Featured Agents | |
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Susan Blackwell | from Welcome Home Realty, LLC |
Omar Montero | from New Mexico Mortgage Company |
There are 10 USDA backed residential loans in Torrance county with an average loan balance of $94,441. Over 90% of the loans helped first time home buyers. Borrowers were an average age of 45 years old. The typical appraised home value was around $100,900. On average the rural home size purchased with this loan was approximately 1,394 SqFt. Torrance 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 Torrance County is roughly 8,667 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Torrance County is 6. 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 Torrance County, NM
* cities most likely to have USDA loan eligible properties for sale.
Abo • Antelope Springs • Broncho • C Davis Place • Candelaria Place • Carnero • Cedarvale • Chato • Chupadera • Culebra • Derramadero • Dummoor • *Duran • *Encino • *Estancia • Gran Quivira • *Indian Hills • Jarett Place • Lucy • Manzano • *Manzano Springs • Martinez • *McIntosh • *Moriarty • *Mountainair • Negra • North Lucy • Otto • Palma • Pedernal • Pine Springs • Progresso • Punta de Agua • Scholle • Silio • *Tajique • Torrance • Varney • *Willard • Witt
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 Torrance County.
Torrance County, situated in central New Mexico, was created on March 16, 1903. It covers an area of about 3,345 square miles and has its county seat in the town of Estancia. The county was named in honor of Francis J. Torrance, a prominent businessman and philanthropist who contributed to the development of New Mexico during the territorial period.
The area that is now Torrance County was once inhabited by various Native American tribes, including the Ancestral Puebloans and the Apache. Spanish explorers ventured into the region in the 16th and 17th centuries, with settlers eventually establishing missions and agricultural communities. As part of Mexico's conquest for independence from Spain in 1821, the region was claimed by Mexico until it was ceded to the United States following the Mexican-American War in the Treaty of Guadalupe Hidalgo in 1848.
Torrance County has a rich history concerning the railroad industry. In the early 20th century, the region witnessed a significant boom in population and economic growth due to the development of the New Mexico Central Railway, a branch line of the Santa Fe Railway. This important rail connection linked Torrance County to major markets, increasing the importance of agricultural, livestock, and dairy farming as the key economic activities in the area.
One fun fact about Torrance County is that it is home to the Quarai Ruins, which is part of the Salinas Pueblo Missions National Monument. These fascinating ruins are the remnants of a 17th-century Spanish mission and the surrounding pueblo that once thrived in the region before being abandoned due to drought and Apache raids. Visitors can explore the picturesque red sandstone ruins and immerse themselves in the area's rich cultural history.