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What is the down payment with a USDA Guaranteed loan?

April 26, 2017down payment guaranteed loan usda

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What is the down payment with a USDA Guaranteed loan?

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There is no down payment. USDA Guaranteed loans offer 103.5% financing. 100% of the purchase price can be financed, as well as, the 3.5% Guarantee Fee that USDA charges all borrowers. I should mention that USDA allows for 103.5% financing of the appraised value…which is a great tool when trying to finance closing costs. Ask me how!