What's the max LTV for a usda mortgage please?

A lender can only loan up to the appraised value at this time.

you can do 100% with a 6% sellers concession if the property appraises high enough.

You can include closing costs and pre-paids expenses as long as the appraisal comes in high enough over sales price to cover them. Like Team Best said, it is better to increase sales price and have the sellers pay your closing costs - USDA-RD allows up to 6% of the sales price

Team Best has the best answer.

Regardless of credit score, USDA loans top out at 100% LTV. They do not have energy efficient mortgage or renovation loan options. USDA does allow 6% seller concessions.

Depending on what your appraised value comes in at you will have the ability to utilizes the difference between the sales price and the appraised value. Also if there is a substantial difference you would be capped at 150% of the purchase price. Again not the appraised value but the purchase price.

The USDA loan itself can go to 102% IF, and only in the appraisal is 102% or higher, and you can use the extra 2% to cover closing costs. The seller can pay your closing costs too. The USDA loan also allows for unlimited CLTV, or combined loan-to-value when adding a second mortgage or assistance program. Not all lenders allow going over 100%. I am doing one right now that is 102%. In MN, WI, and SD, I can help at www.JoeMetzler.com/usda