Yes. But USDA does not call it mortgage insruance they call it a monthly funding fee.
The calculation is .50% of your unpaid principal balance. So unlike typical mortgage insurance this monthly fee will go down every month as your principal balance goes down.
My company offers USDA loans and a varierty of other great financing options.
Please feel free to contact me with financing questions or for a pre-approval letter. 207-522-5241
Thanks! Morgan Camplin