If you are interested in learning about all first time home buyer programs that are currently available in Lorain, OH, please visit programs section and provide your name and a valid email address. Make sure to check your email, which is where we will send information regarding the latest mortgage programs and qualification requirements for residents living in Lorain, OH.
To be eligible for the USDA loan program the property must be in an USDA approved zone. Currently there are no homes for sale within an USDA eligible zone in Lorain, OH. Couple of possible out comes are that Lorain, OH does not have any eligible areas OR there are no single family homes for sale in USDA approved areas at this time. DIY: please check USDA loan maps of Lorain, OH and get a visual idea of zones in or around Lorain, OH that are marked as eligible for USDA program.
See available 'for sale homes' in your area with a local Real Estate Agent.
Talk to a mortgage expert and learn about all government programs in Ohio.
Below are recently generated USDA maps from locations within Lorain, OH. This will help you in locating zones that are eligible for USDA home loans.
To generate USDA map for any other property use eligibility checker.
Note: All the non peach areas in the map are eligible for a USDA home loan.
Current USDA turn times in Lorain, OH is 5-7 days.
USDA income limits depends upon the size of the family. For family with 1-4 members current income limits in Lorain, OH $90,300/- whereas for a family with 5-8 members income limits go upto $119,200/-.
Loan closing is relative to you sending your purchase contract. From the time when we recieve purchase contact it may take approx 5-6 weeks to close a loan in Lorain, OH.
The median price of a single family home in Lorain, OH is $172,244/- having a covered area of 1,467sqft. On an average it costs about 117/sqft of living space which is 30% cheaper than the state average of 167/sqft. Homes in Lorain, OH are about 46% cheaper than other areas in the state.
Currently there are 186 single family homes for sale in Lorain, OH although none of them are in an USDA approved area.
Property summary last updated : 02 October, 2022, 16:25:27