Finance
What is a 'USDA Rural Development' loan in Delaware real estate?
AA loan for purchasing agricultural land anywhere in Delaware
BA federally backed loan program for low-to-moderate income buyers in eligible rural and suburban areas, often with no down payment required✓ Correct
CA loan for home improvements in rural Delaware areas
DA loan guaranteed by the Delaware Department of Agriculture
Explanation
USDA Section 502 Rural Development loans are government-guaranteed mortgages for eligible buyers in rural and suburban areas. They offer 100% financing (no down payment) for eligible income borrowers in designated areas, including parts of Delaware.
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