USDA Loans FAQs- Down Payment

Q:  How much do I have to put down for a USDA loan?

A:  Loan terms include 100% financing, however there are closing costs associated with the loan. In most instances the seller can or will pay the part or all of the closing costs. When a seller will not pay the costs and the home appraises for more than the purchase price then the costs can be financed into the loan (not to exceed the appraised value). This means that technically a buyer can purchase a home with absolutely no money of their own.