USDA Rural Home Loans in Bonifay, FL
At $195,000 median, Bonifay is one of FL's most affordable USDA markets. With 0% down, a buyer's upfront cash is essentially the guarantee fee ($1,950, financeable) and closing costs — total out-of-pocket can be under $3,900 in many scenarios.
Is Bonifay USDA-Eligible?
Bonifay, FL and surrounding Holmes County rural areas are among Florida's most USDA-active rural markets. Agricultural history, low population density, and inland location qualify most county properties for guaranteed rural housing financing.
Eligibility is address-specific. We'll verify your target property against the USDA map before you write an offer.
Income Limits — Holmes County
| Household Size | 2026 Income Limit |
|---|---|
| 1-4 person | $119,850 |
| 5-8 person | $158,202 |
USDA uses adjusted household income (after allowable deductions), not gross. Some earners above these limits still qualify after deductions.
USDA Monthly Payment — Bonifay
| Typical purchase price | $195,000 |
| Down payment | $0 |
| Upfront guarantee fee (1%) | $1,950 (rolled into loan) |
| Monthly P&I | $1,244 |
| Annual fee (monthly) | $56/mo |
| Monthly total | $1,300/mo |
Comparable FHA payment: $1,296/mo. Payments land close to FHA here, but USDA needs no down payment at all — that is the real saving.
FAQs
Check USDA eligibility for Bonifay
0% down, no PMI, and the cheapest monthly payment for eligible buyers.