Finance
Which type of Alaska mortgage loan is specifically designed for rural areas and typically requires no down payment?
AFHA loan
BVA loan
CUSDA Rural Development loan✓ Correct
DAHFC loan
Explanation
USDA Rural Development loans (Section 502 Guaranteed Loan Program) are available for eligible rural properties and qualified borrowers, often with no down payment requirement. Parts of Alaska qualify as rural under USDA definitions.
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