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USDA programs may offer qualifying buyers a no-down-payment path for an eligible primary residence, subject to geographic, household-income, credit and lender requirements.
USDA eligibility depends on both the property address and the household’s circumstances. An area that looks suburban may still qualify, while another nearby area may not. The home must generally be an eligible primary residence, and the household must satisfy the applicable income and program requirements.
USDA-guaranteed loans include applicable guarantee fees and require lender review of credit, income, debts, assets and repayment ability.
Eligible USDA financing may cover 100% of the purchase price, but borrowers may still need funds for inspections, deposits, prepaid taxes or insurance, closing costs not covered by credits and other transaction expenses. The actual cash requirement is determined through the Loan Estimate and final underwriting.
USDA publishes property and income eligibility tools. Check the actual address and household information early, then have a mortgage professional confirm how the current program applies to the transaction.
Frequently asked questions
No. Eligible primary residences in qualifying rural areas may be considered, subject to household-income and other program requirements.
USDA eligibility depends on the exact property address and current program maps, so the location should be checked directly.
General information is useful. A mortgage professional can help you evaluate the facts that apply to you.
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