Can I put more than 0% toward a usda loan

You can put anything you want down for a USDA, but this loan is really meant for those who do not have a down payment, so I would suggest you speak to a loan originator on this topic once you are ready to move ahead. Thank you!

Hi Joseph, You can put money down BUT you cannot qualify for a USDA mortgage if you have the ability to put 20% down and qualify for conventional financing. Please feel free to contact me for more information or help. John Burke | Senior Mortgage | Great Plains National Bank | http://www.usdamortgageonline.com | (877)228-9069 | Lending in ALL 50 states |

Use the additional money you have to pay off credit cards, to help our debt ratio. I can help you figure out what is the best way to use your extra money, to your best advantage.

Hi Joseph, USDA does to an extent. The lower interest rate and te lower monthly mortgage insurance will help your debt to income ratios. The other way it can help only applies to the USDA Direct program which can offer below market rates to help with qualifying BUT that subsidization has to repaid if you ever sell or refi. Like another poster said, if you have other debt like credit cards you should look at paying them off instead of putting money down. Here's why. Let's say you're looking at a purchase of $200,000. Your PI payment plus the USDA MMI would be $1,012.59 plus taxe and insurance. Now let's say you put 5% or $10,000 down. That would drop your payment to $962 which only saves you $50.59 a month so you're better off using that money to pay off other debt. I can help you decide which debts to pay off to maximize how much you'll qualify for and save the most money each month. Please feel free to contact me for more information or help. John Burke | Senior Mortgage | Great Plains National Bank | http://www.usdamortgageonline.com | (877)228-9069 | Lending in ALL 50 states |

Absolutely, but depending on how much you have to put down, you might not need to use USDA. Conventional requires 20% down to avoid paying mortgage insurance.The rates might be slightly higher on a conventional loan vs. a USDA, but by not using USDA, you avoid paying the 2% upfront fee, or the newly increased .50% annual fee. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

There has been good information here but a big deal is where you can use a USDA loan. Your location says Pasadena and that is way too populated to get a USDA loan. You would likely need to head over to San Bernadino county to find the closest spot you can use a USDA loan. You can google USDA property eligibility and access a map. Plug in an address and it will tell you what areas work and which ones dont. I am in CA and very familiar with USDA loans.

Yes you can put down a larger down payment.