USDA Loan Calculator

Calculate your USDA rural development loan payment with guarantee fee. USDA loans offer $0 down payment for eligible rural and suburban properties.

Loan Details
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Monthly Payment
$0
per month
Principal & Interest $0
Annual Guarantee Fee $0
Property Tax $0
Home Insurance $0
Total Monthly $0
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See if you qualify for a $0 down USDA rural home loan.

Understanding USDA Loans

USDA loans (also called Rural Development loans) are backed by the U.S. Department of Agriculture. They offer $0 down payment for low-to-moderate income buyers purchasing homes in eligible rural and some suburban areas.

What is the Guarantee Fee?

USDA loans have two fees: an upfront guarantee fee (1% of the loan amount, can be rolled into the loan) and an annual fee (0.35% of the loan balance, paid monthly). These are the USDA's version of mortgage insurance.

USDA Eligibility

Disclaimer: This calculator provides estimates only and is not financial advice. USDA eligibility and fees vary by location and income.

USDA Loans Explained: $0 Down for Rural Homebuyers

What Is a USDA Loan?

A USDA loan (Rural Development loan) is backed by the U.S. Department of Agriculture. It offers $0 down payment for low-to-moderate income buyers purchasing homes in eligible rural and some suburban areas.

Understanding USDA Guarantee Fees

USDA loans have two fees: an upfront guarantee fee of 1% of the loan amount (can be rolled into the loan) and an annual fee of 0.35% of the balance, paid monthly.

USDA Eligibility Requirements

Q: Can I get a USDA loan in a city?

A: Generally no. USDA loans target rural areas, though some suburban and small-town locations qualify.

Q: What is the income limit for USDA loans?

A: Your household income must not exceed 115% of the median income for your area, which varies by county.

Q: Do USDA loans require mortgage insurance?

A: USDA loans use the annual guarantee fee (0.35%) instead of traditional PMI, which is typically lower.

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