As you can see I'm a realtor, but I personally bought a home with a USDA loan. I thought that it was a great option since you can have no or little money down and not pay PMI. For my loan I remember the PMI for an FHA loan would have been over $200 dollars a month, so it was a big difference in the monthly payment amounts between the two loan types. There are also income eligibility requirements. You want to make sure that you don't make more then around $90k (talk to a mortgage person for the exact number). They look at ALL of your income. Not just your employment income but alimony, child support, investments, anything.
There are a number of great mortgage people that I work with who do a lot of USDA loans. Please feel free to e-mail me or call me if you want to get in touch with a mortgage broker or are looking for a realtor! (973) 903-2862 (cell) email@example.com (e-mail)