Do USDA loans require a down payment?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
No. USDA loans offer true 100% financing with no down payment for eligible buyers, which makes them one of the few zero-down options alongside VA. You can even finance the guarantee fee.
You'll still need funds for closing costs, though seller concessions or a lender credit can cover those. We'll structure a USDA purchase to minimize your cash to close.
Zero down
No. USDA loans offer 100% financing, so no down payment is required. It is one of only two loan types, alongside VA, that allow you to buy with nothing down.
That makes USDA a powerful option for buyers who have steady income but little saved.
Other costs to plan for
You will still have closing costs, though a seller credit or the loan structure can help cover them. USDA also has a small upfront and annual guarantee fee.
We map your true cash-to-close. Reach out and we will show what a zero-down USDA purchase really costs.