Eligible areas
The property must fall within an area that satisfies current USDA geographic eligibility requirements.
USDA home loans
USDA financing can create a zero-down path in eligible markets.
USDA financing is designed for eligible households purchasing qualified properties in eligible areas. Both household and property requirements matter.
Income limits
Household income limitations apply and vary by location and household circumstances.
Zero-down potential
Qualified USDA borrowers may be able to finance the eligible purchase without a traditional down payment.
Guarantee fee
USDA generally includes an upfront guarantee fee that may be financed into the loan.
Annual fee
An annual fee is generally collected monthly and should be included in payment comparisons.
Program fit
USDA should be compared against FHA, conventional, and VA when more than one option may apply.