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USDA Loan Calculator

Free USDA loan calculator. Estimate monthly payments for USDA rural development home loans with zero down payment, including guarantee fees and mortgage insurance.

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What Is a USDA Loan?

USDA loans are backed by the US Department of Agriculture and designed to promote homeownership in rural and suburban areas. The biggest advantage: zero down payment required, making it one of only two zero-down loan programs (alongside VA loans). USDA loans feature competitive interest rates (often below conventional rates), lower mortgage insurance costs than FHA (0.35% annually vs 0.55%), and no maximum loan amount (limited by what you can afford based on income). The catch: both the property and borrower must meet eligibility requirements.

To qualify, the home must be in a USDA-eligible area (about 97% of US land area qualifies, including many suburban locations near cities). Household income cannot exceed 115% of the area median income. For a family of 4 in most areas, the limit is approximately $110,650. The home must be a primary residence and you cannot own another adequate home.

People Also Ask

What is a USDA loan?
A USDA loan is a zero-down-payment mortgage for homes in eligible rural and suburban areas. It is backed by the US Department of Agriculture and offers competitive rates with low mortgage insurance costs.
Do I qualify for a USDA loan?
You must meet income limits (115% of area median), the home must be in a USDA-eligible area, and it must be your primary residence. Check eligibility at the USDA website.
Is there a down payment for USDA loans?
No. USDA loans require zero down payment. There is a 1% upfront guarantee fee that can be financed into the loan, and a 0.35% annual fee paid monthly.
What areas qualify for USDA loans?
About 97% of US land area is USDA-eligible, including many suburban areas near cities. Use the USDA eligibility map to check specific addresses.

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