Finance
What is a 'USDA Rural Development' loan and who can use it in Delaware?
AA loan available only to farmers in Delaware's agricultural counties
BA federally guaranteed loan program offering 100% financing (no down payment) for eligible buyers in qualifying rural and some suburban areas of Delaware✓ Correct
CA loan for purchasing USDA-approved farmland in Delaware's rural counties
DA small business loan for Delaware agribusinesses
Explanation
USDA Rural Development loans (Section 502) offer 100% financing with no down payment for eligible buyers in qualifying rural and suburban areas. Delaware has several areas — including parts of Kent and Sussex counties — that qualify. Buyers must meet income limits and property must meet USDA location requirements.
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