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There are 167 USDA backed residential loans in Lamoille county with an average loan balance of $161,420. Over 89% of the loans helped first time home buyers. Borrowers were an average age of 37 years old. The typical appraised home value was around $164,493. On average the rural home size purchased with this loan was approximately 1,373 SqFt. Lamoille 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 Lamoille County is roughly 1,200 square kilometers. There are no geographical USDA loan restrictions in this county. The influence score for Lamoille 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 Lamoille County, VT
* cities most likely to have USDA loan eligible properties for sale.
*Belvidere • Belvidere Center • Cadys Falls • *Cambridge • East Johnson • *Eden • Eden Mills • *Elmore • Garfield • *Hyde Park • Ithiel Falls • *Jeffersonville • *Johnson • Lake Elmore • Lower Village • *Morristown • *Morrisville • Moscow • North Cambridge • North Hyde Park • North Wolcott • Pleasant Valley • Pottersville • South Cambridge • *Stowe • Stowe Fork • *Waterville • West Branch • West Settlement • *Wolcott
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 Lamoille County.
Lamoille County is located in the northern-central part of Vermont, USA. It was established on October 26, 1835, and was named after the Lamoille River which runs through the county. The county has a rich history that connects it to the early chapters of American history.
The region was originally inhabited by Native American tribes, including the Abenaki. European settlers, predominantly from England, Scotland, and France, began to explore the Lamoille River Valley in the early 1700s. By the mid-1700s, colonial settlers arrived and began to establish townships within the area. In 1791, Vermont became the 14th state to join the United States, and the individual towns within Lamoille County gradually developed throughout the 19th century.
Lamoille County witnessed a rise in commerce, agriculture, and industry during the 19th and 20th centuries. Industries such as logging, tanneries, and iron foundries prospered in the region, while its agricultural landscape focused on dairy farming.
One of Lamoille County's claims to fame is its connection to winter tourism. In the 1930s, the Stowe Mountain Resort was established, which has now grown into a popular destination for skiing and other winter sports. Stowe Mountain Resort features one of the most famous ski mountains in New England, the Mount Mansfield, Vermont's highest peak at 4,395 feet.
Fun Fact: Lamoille County is home to the "Smugglers' Notch", a narrow mountain pass in the Green Mountains that got its name during the early 19th century. The notch was used by smugglers to transport illegal goods between Vermont and Canada, especially during the times of trade embargos and prohibition. Today, Smugglers' Notch is a popular tourist attraction and State Park, offering an array of outdoor recreational activities, such as hiking, biking, and rock climbing.