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There are 5 USDA backed residential loans in Eureka county with an average loan balance of $183,486. Over 80% of the loans helped first time home buyers. Borrowers were an average age of 31 years old. The typical appraised home value was around $196,000. On average the rural home size purchased with this loan was approximately 1,901 SqFt. Alternate income limits exist to determine loan eligibility in Eureka 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 Eureka County is roughly 10,821 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Eureka County is 9. 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 Eureka County, NV
* cities most likely to have USDA loan eligible properties for sale.
Alpha • Barth • Beowawe • Blackburn • Cluro • *Crescent Valley • Dunphy • *Eureka • Harney • Mineral • Palisade • Primeaux • Rixies • Shannon • Shoshone • Union
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 Eureka County.
Eureka County, located in the great state of Nevada, was established on March 1, 1873, and takes its name from the ancient Greek word "Eureka," meaning "I have found it." This name was chosen in response to the significant silver ore discovery in the area during the late 1860s. The town of Eureka serves as the county seat and dates back to its inception as a mining settlement in 1864. The town has earned itself the nickname, "The Friendliest Town on the Loneliest Road," due to its pleasant atmosphere and location along U.S. Route 50, often referred to as the "Loneliest Road in America."
Originally, the county was created from Lander County, and at its peak in the late 19th century, it was home to about 10,000 residents, which dwindled drastically as mining activities diminished over time. Today, the total population is around 2,000 people. Eureka County is known for its mining heritage, specifically in lead and silver. The region covers an area of approximately 4,180 square miles, with very little rainfall and an arid climate.
One fun fact about Eureka County is the existence of the Eureka Opera House, a historic landmark built in 1880. This building has been carefully restored and is now a cultural center that hosts various events, including meetings, theater productions, and concerts, attracting visitors to this remote area of Nevada.