USDA Loans | The 2 Mortgage Guys

Rural Homeownership Made Easy

USDA loans, backed by the U.S. Department of Agriculture, make homeownership affordable for buyers in qualifying rural and suburban areas with no down payment required.

$0 down payment

No monthly mortgage insurance

Competitive fixed rates

Flexible credit requirements

100% financing available

Seller concessions allowed

USDA Loan Requirements

Property Location USDA-eligible rural area

Income Limit 115% of area median

Minimum Credit Score 640 (varies by lender)

Down Payment $0 required

Guarantee Fee 1% upfront + 0.35% annual

USDA Mortgage Calculator

See what your monthly payment could look like with a USDA loan. Zero down payment options with a USDA guarantee fee instead of mortgage insurance.

Loan Purpose

Home Price

$

Down Payment (%)

%

${(calc.homePrice * (calc.downPaymentPercent / 100)).toLocaleString()} down

Loan Term

Interest Rate

%

Credit Score

Property Tax (yr)

$

Home Insurance (yr)

$

HOA Dues (mo)

$

Estimated Monthly Payment

${(() => { const loanAmount = calc.homePrice - (calc.homePrice * (calc.downPaymentPercent / 100)); const monthlyRate = (calc.rate / 100) / 12; const numPayments = calc.term * 12; const monthlyPI = (loanAmount * monthlyRate * Math.pow(1 + monthlyRate, numPayments)) / (Math.pow(1 + monthlyRate, numPayments) - 1); const annualFee = loanAmount * 0.0035 / 12; const monthlyTax = calc.propertyTax / 12; const monthlyInsurance = calc.homeInsurance / 12; return Math.round(monthlyPI + annualFee + monthlyTax + monthlyInsurance + calc.hoa).toLocaleString(); })()}

Principal & Interest ${(() => { const loanAmount = calc.homePrice - (calc.homePrice * (calc.downPaymentPercent / 100)); const monthlyRate = (calc.rate / 100) / 12; const numPayments = calc.term * 12; return Math.round((loanAmount * monthlyRate * Math.pow(1 + monthlyRate, numPayments)) / (Math.pow(1 + monthlyRate, numPayments) - 1)).toLocaleString(); })()}

USDA Annual Fee ${(() => { const loanAmount = calc.homePrice - (calc.homePrice * (calc.downPaymentPercent / 100)); return Math.round(loanAmount * 0.0035 / 12).toLocaleString(); })()}

Property Tax ${Math.round(calc.propertyTax / 12).toLocaleString()}

Home Insurance ${Math.round(calc.homeInsurance / 12).toLocaleString()}

{calc.hoa > 0 && (

HOA Dues ${calc.hoa.toLocaleString()}

Loan Amount ${(() => { const loanAmount = calc.homePrice - (calc.homePrice * (calc.downPaymentPercent / 100)); return loanAmount.toLocaleString(); })()}

USDA Upfront Fee (1%) ${(() => { const loanAmount = calc.homePrice - (calc.homePrice * (calc.downPaymentPercent / 100)); return Math.round(loanAmount * 0.01).toLocaleString(); })()}

Total Loan Amount ${(() => { const loanAmount = calc.homePrice - (calc.homePrice * (calc.downPaymentPercent / 100)); return (loanAmount + loanAmount * 0.01).toLocaleString(); })()}

Down Payment ${(calc.homePrice * (calc.downPaymentPercent / 100)).toLocaleString()}

USDA Annual Fee Rate 0.35%

This calculator is for informational purposes only. Results are estimates and are not exact — they do not include all closing costs, prepaid interest, or escrow deposits. Contact us for a personalized quote.

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Mortgage Knowledge Center

Common USDA Loan Questions

Straight answers to the questions buyers ask us most — from zero-down eligibility and income limits to guarantee fees, property standards, and closing timelines.

What Is a USDA Loan? Are USDA Loans Really Zero Down? Who Qualifies for a USDA Loan? What Credit Score for a USDA Loan? What Are USDA Income Limits? What Areas Qualify for a USDA Loan? Do USDA Loans Require Mortgage Insurance? What Debt Ratio Does USDA Allow? Can I Use Gift Funds on a USDA Loan? How Does USDA Calculate Student Loans? Can I Qualify After Bankruptcy for USDA? How Long After Foreclosure for USDA? Can I Buy After a Short Sale for USDA? Can I Finance a Manufactured Home With USDA? Can I Refinance With a USDA Loan? Does USDA Require Reserves? Can I Qualify With Collections on USDA? What Documents Are Required for a USDA Loan? Is USDA Better Than Conventional? How Do I Know If a Property Qualifies? How Is Household Income Calculated? Can I Buy With Bad Credit? What Is the Annual Fee? Can I Finance Closing Costs? Can the Seller Pay Closing Costs? How Long Does Underwriting Take? How Long Does Closing Take? Is USDA Right for Me? Can USDA Finance Repairs? What Employment History Is Required? Can Self-Employed Borrowers Qualify? Can Overtime Count for a USDA Loan? Can Commission Count for a USDA Loan? Can Rental Income Count for a USDA Loan? What Inspections Are Required for a USDA Loan? Is USDA Better Than FHA?

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Latest USDA Insights

Recent articles from our blog covering USDA loans, rural eligibility, and zero-down financing tips.

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