There are 230 USDA backed residential loans in Lorain county with an average loan balance of $112,444. Over 87% of the loans helped first time home buyers. Borrowers were an average age of 38 years old. The typical appraised home value was around $115,345. On average the rural home size purchased with this loan was approximately 1,458 SqFt. Lorain 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. Select from the list of cities below or use the search feature to find active property listings in a city where you would like to live.
Start your search for USDA loan eligible properties in the cities of Lorain County, OH
* cities most likely to have USDA loan eligible properties for sale.
Amherst • Avon • Avon Lake • Belden • Brentwood Lake • Brownhelm Station • Columbia Center • Columbia Station • *Eaton Estates • Elyria • *Grafton • Henrietta • Huntington • *Kipton • *LaGrange • Laporte • Lorain • North Eaton • North Ridgeville • *Oberlin • Penfield • *Pheasant Run • Pittsfield • *Rochester • Semples • Sheffield • Sheffield Lake • *South Amherst • Sunnyside • *Wellington
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 Lorain County.