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USDA Home Loan

How a USDA guaranteed home loan works: no down payment, income and area rules, the guarantee fees, and a calculator for your monthly payment.

Updated November 4, 2026. Free, no sign-up; everything runs in your browser and nothing you type is stored.

USDA home loan calculator

Home price ($)Interest rate (%)Upfront guarantee fee (%, financed)Annual fee (%)Property tax + insurance ($/year)

Estimated monthly payment

–

–Loan amount with financed fee (0% down)

–Annual fee per month

USDA home loan basics

The USDA Rural Development Single Family Housing Guaranteed Loan Program offers 100% financing: no down payment for those who qualify (USDA). Requirements:

Household income at or below 115% of the area median income.
The home must be in an eligible rural area; check an address on USDA's eligibility site.
30-year fixed rate only, from an approved lender.
The home must be your primary residence, not an income-producing property.

Fees

Instead of private mortgage insurance, USDA loans charge an upfront guarantee fee and an annual fee. As of fiscal year 2025 they were 1% upfront (which can usually be financed) and 0.35% a year (Rocket Mortgage); USDA can change them each fiscal year, so confirm with your lender. Compare with the FHA and VA mortgage calculator.

Common questions

Does a USDA home loan need a down payment?

No, it offers 100% financing for those who qualify.

What is the USDA income limit?

Household income at or below 115% of the area median income.

What fees do USDA loans charge?

An upfront guarantee fee and an annual fee (1% and 0.35% as of FY2025; they can change yearly).

Sources

More mortgage and home calculators: Prop 13 · 50 Year Mortgage Calculator · Amortization Calculator

General information, not financial, tax or legal advice. Check important numbers with the official source before acting on them.