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There are 45 USDA backed residential loans in Wallowa county with an average loan balance of $130,773. Over 82% of the loans helped first time home buyers. Borrowers were an average age of 35 years old. The typical appraised home value was around $136,057. On average the rural home size purchased with this loan was approximately 1,416 SqFt. Wallowa 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 Wallowa County is roughly 8,160 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Wallowa 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 Wallowa County, OR
* cities most likely to have USDA loan eligible properties for sale.
Bartlett • *Enterprise • Evans • Flora • Freels • Hurricane Grange • Imnaha • *Joseph • Lewis • *Lostine • Lostine Station • Maxville • Minam • Paradise • Powwatka • Promise • Rondowa • Sevier • Troy • *Wallowa • *Wallowa Lake • Zumwalt
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 Wallowa County.
Wallowa County, located in the northeastern part of the great state of Oregon, has a rich history that can be traced back to the native Nez Perce people. The county was established on February 11, 1887, and covers an area of around 3,152 square miles. The name "Wallowa" is derived from a Nez Perce word, Wale.ama, which translates to "the winding river," likely referring to the Wallowa River that flows through the region.
Before the arrival of European-American settlers, the Wallowa Valley was home to the Wal-lam-wat-kin band of the Nez Perce tribe. They lived a peaceful life based on hunting, fishing, and gathering besides developing agricultural practices. However, in the 1870s, disputes over land and resources between the native Nez Perce and incoming settlers culminated in the Nez Perce War of 1877, forcing the tribe to leave their homeland.
The late 19th century saw the construction of the Wallowa Lake Tramway, which aided in the development of the region's timber industry. In the 20th century, Wallowa County became an important agricultural area, including livestock rearing, predominantly cattle and sheep.
One fun fact about Wallowa County is that it is home to the Wallowa Lake Monster, a local legend similar to Scotland's Loch Ness Monster. This mythical serpent-like creature is said to inhabit the depths of the glacially-formed Wallowa Lake, adding an extra layer of mystique to the region's fascinating history.