Loan Guides • USDA
Guides · USDA Loan Guide

USDA Loan Guide

Built to make homeownership more accessible in eligible rural and suburban areas. This guide breaks down how USDA loans work: 0% down possibilities, income and location limits, guarantee fees, and when a USDA loan can be your strongest option.

For eligible buyers in USDA-approved areas 0% down on many primary homes, if you qualify Backed by the U.S. Department of Agriculture (USDA)
Smart calculators for real-life VA decisions
Use the monthly payment calculator to test VA scenarios in real time — price ranges, taxes, insurance, and how rolling the VA funding fee into the loan affects your payment. Then we can review the results together and see how they line up with your budget and timeline.
Coaching insight

Who a USDA loan is usually a good fit for

USDA loans are designed to help low-to-moderate income households become homeowners in eligible rural and suburban communities. They’re built for buyers who are strong on stability and income, but may not want to tie up cash in a large down payment.

They may be a strong fit if you:

  • Are buying a primary residence in a USDA-eligible area.
  • Have household income within USDA limits for your county and family size.
  • Want to minimize cash to close and keep more in savings or reserves.
  • Have steady, documentable income and a reasonable history managing credit.
  • Are comfortable with USDA’s expectations around property condition and use.

USDA can be less ideal if you’re outside eligible areas, your income is above the limits, or you’re looking at a second home or investment property. In those cases, we’ll usually model Conventional or FHA options side-by-side.

How it works

Down payment, guarantee fee & closing cost basics

Down payment on USDA loans

  • Many eligible borrowers can purchase with 0% down on a primary residence.
  • Bringing a down payment is optional and can help lower your payment and overall cost.

Upfront guarantee fee (one-time cost)

  • USDA uses a one-time upfront guarantee fee instead of traditional mortgage insurance.
  • The fee is typically about 1% of the loan amount and is often financed into the loan.

Annual guarantee fee (built into the payment)

  • There’s also a small annual guarantee fee, usually around 0.35% of the remaining balance.
  • This annual fee is built into your monthly payment, similar to monthly MI on other programs.

Closing costs & seller credits

  • You’ll still have standard closing costs such as taxes, insurance, title, and prepaid items.
  • Seller and lender credits can help cover some or all of those costs, within USDA and contract limits.
  • Depending on the appraisal, you may be able to roll some costs into the loan if the value allows.

The right structure isn’t “always 0% down” or “always pay everything in cash.” We’ll look at your cash position, comfort zone, and timeline before deciding how to balance down payment vs. total cost.

Approval basics

Credit, debt-to-income & income limits: what really matters

Credit profile

USDA guidelines can be more forgiving than some Conventional options, especially for buyers with limited credit history. Lenders still look for a stable pattern: on-time payments, manageable use of credit, and no recent major issues. Improving small items can still move the needle on pricing and approval strength.

DTI & household income

USDA looks at your debt-to-income ratio (DTI) plus your total household income compared to county limits. The idea is to make sure the payment fits both your budget and the program’s target range. We’ll line up your income, debts, and proposed payment before you fall in love with a home.

You don’t need to memorize the formulas. The key is understanding the direction: stable income, reasonable debts, and household income within USDA limits usually open the best doors.

Property & occupancy

What kinds of homes work well with USDA?

USDA loans are designed for primary residences in eligible areas and can be used on a variety of property types:

  • Single-family homes (detached houses) in USDA-eligible locations.
  • Some condos and townhomes, if they meet program and lender guidelines.
  • Planned unit developments (PUDs) and newer subdivisions that qualify as “rural” on paper.

USDA also has expectations around property condition: the home should be safe, sound, and sanitary with no major deferred maintenance or structural issues.

And it’s strictly for primary residences—no pure investment properties or vacation homes. If you’re looking at something outside the box, we’ll explore Conventional or other financing alongside USDA.

Compare options

Pros & trade-offs vs. Conventional and FHA

Where USDA often shines

USDA can be hard to beat for eligible buyers in the right areas, especially when you want to protect cash:

  • 0% down financing on many primary homes in qualifying locations.
  • Often lower monthly payment than FHA once you factor in MI vs. USDA fees.
  • Competitive fixed rates thanks to the government guarantee.
  • Clear path into homeownership for buyers who might otherwise be stuck renting.
Where other options might fit better

Conventional or FHA may make more sense if:

  • You’re buying in an area that is not USDA-eligible.
  • Your household income is above USDA limits for your county.
  • You’re purchasing a second home or investment, which USDA doesn’t allow.
  • You have a strong down payment and excellent credit that may favor Conventional pricing.

When we build your plan, we’ll usually show USDA alongside at least one alternative. That way, you’re not guessing which program is “best”—you can see how each one behaves with your actual numbers.

Real-world example

First-time buyer using USDA with 0% down

Example scenario (for education only)

Imagine a couple with steady W-2 income, modest debts, and a solid rental history. They’d like to keep savings intact for emergencies and home projects, but they qualify based on household income and are shopping in a USDA-eligible community.

In a case like this, we might compare:

  • USDA with 0% down (with the upfront guarantee fee financed into the loan).
  • USDA with a small down payment to lower the payment a bit further.
  • FHA or Conventional with 3–5% down as comparison points.

Sometimes USDA clearly wins on total payment and cash to close. Other times, a buyer may choose to bring some money down or pivot to another program. The key is looking at a 5–7 year timeline: where you live, how long you’ll stay, and what you want your finances to look like along the way.

Next steps

What to have ready when we look at USDA options

You don’t need a perfect file to start. But these items help us move quickly and give you clear USDA-specific numbers:

  • Income details – recent pay stubs, W-2s, and any other regular income sources.
  • Household member list – who will live in the home (even if they’re not on the loan).
  • Basic asset information – checking, savings, and any reserves.
  • Rough price range – what you’re hoping to buy and what feels comfortable monthly.
  • Areas you’re considering – we’ll help you confirm which neighborhoods are USDA-eligible.
  • Any big upcoming changes – job moves, family size changes, or timeline shifts.

Want to pressure-test the numbers before we talk? You can use my mortgage payment calculator to rough in estimated payment and affordability at different prices, taxes, and insurance levels. It’s for estimates only — we’ll still build your final plan using live USDA pricing and your full scenario.

The goal isn’t just “get approved.” It’s to use USDA wisely—so the payment, location, and long-term plan all work together.

Smart questions

Questions to ask about any USDA loan quote

As you compare USDA options (and USDA vs. other programs), these questions help cut through the noise:

  • What’s my total monthly payment, and what can change over time? (Taxes, insurance, HOA, and the annual guarantee fee.)
  • How is the upfront guarantee fee being handled? (Paid in cash vs. financed into the loan.)
  • How close am I to the income limits? (And what happens if income changes in the future?)
  • How does this USDA option compare to FHA or Conventional with my exact numbers?
  • What are my options later if I want to refinance, move, or keep the home as a rental?

If you can answer those clearly, you’re ahead of most buyers and making decisions with your eyes open rather than guessing.

Ready to see what a USDA loan looks like for you?
We’ll take your income, target areas, and comfort zone—and show you how USDA compares to your other options in plain English.
This guide is for general educational purposes only and does not constitute a commitment to lend or a full summary of all program guidelines. Eligibility, terms, and pricing depend on your complete application, credit profile, property, and current program availability. USDA loan benefits and requirements are set by USDA Rural Development and may change. All loans subject to approval. Equal Housing Lender.