Loan Types / USDA
USDA Loan Calculator
USDA loans offer zero down payment in eligible rural and many suburban areas. Estimate your payment with the upfront and annual guarantee fee.
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How USDA loans work
- Down payment: zero for eligible buyers.
- Guarantee fee: 1% upfront (usually financed) plus 0.35% per year.
- Location: the property must be in a USDA-eligible area, which includes many suburbs.
- Income: household income limits apply by area and family size.
Who USDA tends to fit
Buyers in eligible areas who want to keep cash in the bank often choose USDA for its zero-down structure and low monthly fee. The main gates are location and income limits, which a loan officer checks quickly.
See your real numbers. The calculator estimates this loan next to every other type, side by side.
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Frequently asked questions
Does USDA require a down payment?
No. Eligible buyers can finance the full price with a 1% upfront guarantee fee and a 0.35% annual fee.
Are there income limits for USDA?
Yes. Household income must fall under the limit for your area and family size, and the property must be in an eligible location.
Is USDA only for farms?
No. Many suburban neighborhoods qualify. Check the property address for eligibility.
How is a USDA payment calculated?
Set Rural property to Yes and choose USDA in the calculator to estimate principal, interest, the guarantee fee, taxes, and insurance.
Important disclosures. LoanFitCalc is a free educational tool that provides estimates only. It is not a loan, a loan approval, a commitment to lend, a rate lock, or an offer to make a loan, and it does not provide financial, legal, or tax advice or recommend a specific loan for you. Mortgage insurance rates, funding and guarantee fees, loan limits, taxes, and insurance figures are typical published values used for estimation and are subject to change. Program eligibility rules are summarized and simplified. Actual terms depend on your full application, credit, property, and lender underwriting. Consult a licensed mortgage loan originator before making any decision. LoanFitCalc is an independent educational website and is not a lender. ⌂ Equal Housing Opportunity
