USDA Loan Calculator
Calculate your USDA Rural Development loan payment with guarantee fees, taxes, and insurance.
USDA Rural Development Loan Calculator
Government-backed mortgage with 100% financing for eligible rural homebuyers
Rural Development Guaranteed Loan Program
Zero Down Payment Required! USDA loans offer 100% financing for eligible properties in rural and suburban areas. No down payment needed - just closing costs.
Understanding USDA Loans
What is a USDA Loan?
USDA loans are government-backed mortgages designed to help moderate-income families purchase homes in rural and suburban areas. The program is administered by the U.S. Department of Agriculture and offers 100% financing with no down payment required.
USDA Guarantee Fees
- Upfront Fee: 1% of loan amount (can be financed)
- Annual Fee: 0.35% of remaining balance
- Lower than FHA mortgage insurance
- Annual fee paid monthly as part of payment
- No fee cancellation like PMI
Benefits of USDA Loans
- No down payment required (100% financing)
- Competitive interest rates
- Lower fees than FHA loans
- Flexible credit requirements
- Can finance closing costs into loan
USDA vs FHA vs Conventional
- USDA: 0% down, rural only, income limits
- FHA: 3.5% down, anywhere, no income limits
- Conventional: 3-20% down, anywhere, no limits
- USDA has lowest overall fees
- Consider location and income eligibility