A USDA loan is a mortgage loan guaranteed by the U.S. Department of Agriculture. It's designed to help low-to-moderate income households in rural areas achieve homeownership with no down payment required.

What are USDA loan income limits?

USDA income limits vary by household size and location. For most areas, the limit for a 1-4 person household is around $103,500. Higher limits apply in certain high-cost areas.

What is the USDA guarantee fee?

The USDA guarantee fee is currently 0.5% of the loan amount annually. This fee helps keep the program running and can be rolled into the loan. There's also a 1% upfront fee that can also be financed.

USDA Loan Calculator | No Down Payment

Loan Details

Home Price

Down Payment

USDA allows 0% down in eligible areas

Interest Rate

Loan Term

Income Eligibility

Annual Household Income

Household Size

✅ Eligible for USDA

Income limit for 4 person household: $103,500

Monthly Payment$2,358per month

Principal & Interest$2,212

USDA Guarantee Fee$146

USDA Loan Amount$350,000

Total Interest$446,406

Understanding USDA Loans

USDA Rural Development loans help low-to-moderate income families purchase homes in rural areas. They offer 100% financing with competitive interest rates.

USDA Loan Benefits

No Down Payment: 100% financing available
Low Rates: Competitive interest rates
Flexible Credit: More lenient credit requirements
Low Mortgage Insurance: Guarantee fee is lower than FHA

Eligibility Requirements

To qualify for a USDA loan, you must meet certain income and location requirements.

Income Limits

Based on household size
Must not exceed 115% of area median income
Adjusted gross income considered

Property Requirements

Must be in eligible rural area
Primary residence only
Maximum loan amount: $400,000+