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Loan guide

USDA loan

Zero-down loan for eligible buyers in eligible rural and suburban areas. Best for: Moderate-income buyers purchasing outside major cities. Many areas around Central Florida qualify.

Key facts

  • No down payment required.
  • The home must be in a USDA-eligible area. Check the address before you fall in love with a home.
  • Household income must be under the limit for the county (about $119,850 for most areas for households of 1 to 4 people).
  • Guarantee fee of 1% upfront plus 0.35% a year, usually lower than FHA mortgage insurance.
  • Main home only; usually a 30-year fixed rate.

Pros

  • No down payment
  • Lower mortgage insurance than FHA
  • Competitive fixed rates
  • Flexible credit underwriting

Cons

  • Location must be USDA-eligible
  • Household income caps count everyone in the home
  • Main homes only
  • Can take longer to close
Check if I qualify Compare with other loans Mortgage payment

More detail: LoansAndHouses.com loan programs

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Common questions

Who is a USDA loan best for?

Moderate-income buyers purchasing outside major cities. Many areas around Central Florida qualify.

What are the main pros and cons of a USDA loan?

Pros: No down payment; Lower mortgage insurance than FHA; Competitive fixed rates; Flexible credit underwriting. Cons: Location must be USDA-eligible; Household income caps count everyone in the home; Main homes only; Can take longer to close.

Figures checked October 2026 and subject to change. Loan limits are updated each January. Program rules, eligibility and pricing vary by lender and borrower. Not a commitment to lend. Bill McElhill, NMLS #2176490, licensed in Florida, Georgia and Texas.

Your next step

Find your best loan →Answer a few questionsSee the payment →With taxes and insuranceGet pre-approved →Free, with no obligation

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Bill McElhill

Bill McElhill

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Educational information only. This page gives general information to help you learn and plan. It is not legal, tax, financial or other professional advice, or an offer to lend. For advice on your situation, talk to a licensed professional. Terms of use

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