Government Home Loan Calculator
Estimate FHA, VA, and USDA home loan payments, including program fees and total housing costs. Results are informational and not a loan offer or guarantee of terms.
- 1Program
- 2Loan
- 3Costs
- 4Your Results
Step 1 of 4: Program
Tell us about the program and property
Start by selecting a government loan program and the property details.
Your estimated cash down payment.
This calculator provides an illustrative estimate for educational purposes only. It is not a loan estimate, loan approval, commitment to lend, rate quote, or guarantee of available terms. Program fee percentages are editable planning assumptions; actual rules, rates, limits, fees, eligibility, and exemptions vary by borrower, property, lender, program, and market conditions.
What Are Government Home Loans?
Government home loans are mortgages backed or insured by federal programs — FHA, VA, and USDA — designed to expand access to homeownership for eligible borrowers. Each program has its own rules, limits, and eligibility requirements that vary by lender, borrower, and property.
This calculator helps you explore an estimated monthly housing payment for these programs, including principal and interest, taxes, insurance, HOA dues, and applicable program fees. The estimates are for planning only and do not determine eligibility or approval.
How Government Home Loan Financing Works
Choose your program
Select FHA, VA, or USDA based on your scenario and eligibility.
Enter your details
Provide your home price, down payment, rate, and property costs.
Review your estimate
See your estimated monthly housing payment and program fee breakdown.
FHA, VA, and USDA Loans
These are common government-backed loan categories. Eligibility, terms, and availability vary by lender, borrower, and property. This is a high-level overview, not a guarantee of any program's terms.
FHA Loan
- Insured by the Federal Housing Administration
- Often associated with lower down payment options
- Requires upfront and annual mortgage insurance premiums (MIP)
VA Loan
- Backed by the U.S. Department of Veterans Affairs
- Available to eligible service members and veterans
- May require a one-time funding fee; no monthly MI
USDA Loan
- Backed by the U.S. Department of Agriculture
- For eligible rural and suburban properties
- May require an upfront guarantee fee and annual fee
Who May Consider a Government Home Loan?
First-time homebuyers
Borrowers exploring programs that may allow a lower down payment.
Eligible veterans
Service members and veterans who may qualify for VA-backed financing.
Rural and suburban buyers
Borrowers purchasing eligible properties under the USDA program.
Eligibility depends on the program, lender, borrower qualifications, and property. A government home loan is one of several options; the right fit depends on your full scenario.
Why Work With Anchor Capital Lending?
Review options from different lending sources
Anchor Capital Lending helps borrowers review and compare available lending options for their scenario. We do not state an exact number of lenders.
San Diego and Southern California focus
Anchor Capital Lending is based in San Diego and serves Southern California. Availability outside the region depends on the borrower's location, applicable licensing, and lender availability.
Personalized, compliant guidance
We help you understand your options without overstating outcomes. Final rates and terms are determined by the appropriate licensed lending professional.
Clear next steps
After reviewing your scenario, we help coordinate the appropriate next step with the lending team.
Frequently Asked Questions
What is a government home loan?
Government home loans are mortgages backed or insured by a federal program — FHA, VA, or USDA. These programs are designed to expand access to financing for eligible borrowers. Each program has its own rules, limits, and eligibility requirements that vary by lender, borrower, and property.
What is the difference between FHA, VA, and USDA loans?
FHA loans are insured by the Federal Housing Administration and often allow lower down payments. VA loans are available to eligible service members and veterans and are backed by the U.S. Department of Veterans Affairs. USDA loans support eligible rural and suburban properties and are backed by the U.S. Department of Agriculture. Eligibility, terms, and availability vary by program and lender.
Does this calculator determine eligibility or approval?
No. This calculator produces an informational estimate only. It does not determine program eligibility, loan approval, or guarantee any terms. Actual eligibility, rates, fees, limits, and exemptions are determined by the appropriate program and licensed lending professional during underwriting.
What is the VA funding fee?
The VA funding fee is a one-time cost charged on most VA loans. The amount is based on the current official VA table and depends on factors such as first or subsequent use of the benefit, down payment amount, and exemption status. Exempt veterans pay no funding fee. Actual fee rules and exemptions vary.
Are the MIP and USDA fee percentages fixed?
No. The MIP (for FHA) and guarantee/annual fee percentages (for USDA) are editable planning assumptions in this calculator. Actual program fee rules and amounts are set by the agency and lender and may change. Your actual costs may differ.
Can Anchor Capital Lending help with government loans outside Southern California?
Anchor Capital Lending is based in San Diego and serves Southern California. Availability outside that area depends on the borrower's location, applicable licensing, and lender availability. Contact us to discuss your specific property and scenario.
Ready to Review Your Government Home Loan Options?
Schedule a consultation to discuss your goals and available lending options. We'll review your scenario and help identify the appropriate next steps.
Submitting an inquiry does not guarantee approval or constitute a commitment to lend. Financing availability and terms are determined following review by the appropriate licensed lending professional.
This calculator provides an illustrative estimate for educational purposes only. It is not a loan estimate, loan approval, commitment to lend, rate quote, or guarantee of available terms. Program fee percentages are editable planning assumptions; actual rules, rates, limits, fees, eligibility, and exemptions vary by borrower, property, lender, program, and market conditions.