Finance
A 'USDA Rural Development loan' is designed for buyers who:
AA. Purchase farms and agricultural land only
BB. Purchase homes in eligible rural or suburban areas and meet income limits, offering 100% financing✓ Correct
CC. Are military veterans and service members
DD. Are purchasing commercial properties in rural areas
Explanation
USDA Rural Development loans (Section 502 Guaranteed Loans) are government-backed mortgages for eligible buyers purchasing in designated rural and some suburban areas, subject to household income limits. They offer 100% financing (no down payment), competitive rates, and no PMI, but do require a guarantee fee.
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