Financial glossary
USDA Loan
In plain English
A USDA guaranteed mortgage for eligible borrowers buying a primary residence in an eligible rural area, often with 100% financing.
A USDA loan is a guaranteed mortgage for eligible households buying a primary residence in an eligible rural area. The program may permit 100% financing, but income limits, property rules, and guarantee fees apply. Start with the USDA loan calculator, then confirm eligibility with USDA or an approved lender.
Related calculators
- USDA Loan CalculatorEstimate a USDA guaranteed-loan payment with the upfront guarantee fee, annual fee, rate, term, and optional down payment.
- Mortgage CalculatorEstimate a complete monthly mortgage payment with principal, interest, property tax, insurance, PMI, and HOA dues. See total interest and loan cost.
- FHA Loan CalculatorEstimate an FHA mortgage payment with upfront MIP, annual MIP, down payment, rate, and term. Adjust fees to match your Loan Estimate.