Question 1

What is a USDA loan?

Accepted Answer

A USDA loan is a government-backed mortgage that can offer 0% down for eligible buyers purchasing in qualifying rural or suburban areas.

Question 2

Do USDA loans really require no down payment?

Accepted Answer

Many USDA loans allow 100% financing, meaning no down payment is required for eligible borrowers and properties. Estimate payments with our [mortgage calculator](/calculators/mortgage).

Question 3

How do I know if a property is in a USDA-eligible area?

Accepted Answer

Eligibility is based on location maps and can include some suburban areas—not just farmland. We can check a specific address quickly when you [apply online](/app).

Question 4

Are there income limits for USDA loans?

Accepted Answer

Yes—USDA uses household income limits that vary by area and household size. The easiest way to confirm is to start an [application](/app).

Question 5

Is mortgage insurance required on USDA loans?

Accepted Answer

USDA loans typically use a guarantee fee (upfront and annual) rather than traditional mortgage insurance. We can estimate the cost for your scenario—[apply online](/app).

Question 6

Can I use USDA if I’m not a first-time buyer?

Accepted Answer

Yes—USDA is not limited to first-time buyers, but it does require the home to be your primary residence and you must meet eligibility guidelines.

USDA

Affordable rural and suburban financing with no down payment

No Down Payment Required

Low Monthly Mortgage Insurance

Flexible Credit Requirements

Rural & Suburban Eligible Homes

Government-Backed Confidence

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Frequently Asked Questions

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