Fees are assumptions
The upfront fee is financed in the model, so interest is charged on the base loan plus 1%. The annual fee is shown as a level monthly amount.
USDA has changed fees before. Confirm the current guarantee fee before comparing a real offer.
Location and income are the gate
A property inside a city can be ineligible even when the payment looks affordable. Income limits consider the household, not only the borrower on the note.
The calculator will still produce a payment if you type a price. That is not a finding.
| Fee | Figure |
|---|---|
| Upfront | 1% of the base loan |
| Annual | 0.35% |
Calculators
Related guides
Sources
Common questions
Is USDA only for farms?
No. Eligible areas include many small towns. The map and the income limits are USDA's, not ours.
Can I use the PMI calculator instead?
No. The guarantee fee is a different charge. Using PMI would describe the wrong program.