⚡ Key Takeaways — USDA Loan Calculator
- USDA loans offer 100% financing — zero down payment for eligible rural and suburban properties
- Two fees apply: 1% upfront guarantee fee + 0.35% annual fee — lower than FHA (1.75% upfront + 0.55% annual)
- Household income must be at or below 115% of the area median income to qualify
- USDA-eligible areas cover 97% of US land — including many suburban communities near major cities
- Minimum 640 credit score for streamlined processing; below that requires manual underwriting
⚡ Key Takeaways — USDA Loan Calculator
- USDA loans offer 100% financing — zero down payment required for eligible rural and suburban properties
- USDA has two fees: a 1% upfront guarantee fee (can be rolled into the loan) and 0.35% annual fee — lower than FHA’s 1.75% upfront + 0.55% annual
- Income limits apply — household income must be at or below 115% of the area median income
- USDA-eligible areas cover 97% of US land area including many suburban communities near cities
- USDA loans require a minimum 640 credit score for streamlined processing — below that requires manual underwriting
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Are you a veteran or active-duty service member? Use our free VA Loan Calculator to estimate your monthly payment and calculate the exact VA funding fee based on your service type and down payment.
Also try our FHA Loan Calculator — includes full MIP breakdown (upfront + annual) so you know your true FHA monthly cost.