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There are 16 USDA backed residential loans in Mineral county with an average loan balance of $82,850. Over 100% of the loans helped first time home buyers. Borrowers were an average age of 39 years old. The typical appraised home value was around $89,196. On average the rural home size purchased with this loan was approximately 1,365 SqFt. Mineral 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 Mineral County is roughly 9,876 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Mineral County is 8. 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 Mineral County, NV
* cities most likely to have USDA loan eligible properties for sale.
Babbitt • Basalt • Del Monte • Fletcher • *Hawthorne • Kinkaid • Luning • Marietta • Midway • *Mina • Mount Montgomery • Rawhide • *Schurz • Sodaville • Thorne • *Walker Lake
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 Mineral County.
Mineral County, located in the western part of the great state of Nevada, was established on August 15, 1911. It was formed from the southern part of Esmeralda County, and its creation was fueled by the local mining boom in the early 20th century. The county seat is located in the town of Hawthorne, which houses the majority of the county's population.
One of the key historical aspects of Mineral County is the mining activity that influenced its birth. Mining for silver, gold, copper, and other minerals began in the late 19th century and continued well into the 20th century, making it a crucial factor in the formation and development of the county. The rich mineral deposits in the area attracted settlers and contributed to the growth of several mining communities, such as Aurora, Broken Hills, and Mina.
The establishment of Hawthorne Army Depot in the early 20th century also played a significant role in the history of Mineral County. This ammunition storage facility grew to be one of the world's largest, bringing employment opportunities, economic growth, and increased population to the area.
A fun fact about Mineral County is that it's home to Walker Lake, a natural freshwater lake situated in the Great Basin. The lake is a remnant of ancient Lake Lahontan, which existed more than 12,000 years ago, covering a large area of present-day northwestern Nevada. Walker Lake is now a popular destination for fishing, boating, and other recreational activities.