USDA LOANS are a government loan program where it is for owner occupant home purchase. The subject property needs to be in a designated area by USDA. Borrowers need to meet USDA GUIDELINES on credit scores and DTI requirements. No down payment is required on USDA LOANS . You can get up to 6% sellers concessions by sellers for closing costs so if your loan officer structures it right, you will not need any closing costs. There is a maximum income cap on USDA LOANS .