Finance
A USDA Rural Development loan is designed for:
AFarmers purchasing agricultural land
BLow-to-moderate income borrowers purchasing in eligible rural areas✓ Correct
CVeterans returning from service
DFirst-time buyers in urban areas only
Explanation
USDA Rural Development loans (Section 502) are designed for low-to-moderate income borrowers purchasing homes in eligible rural and suburban areas. These loans can offer 100% financing (no down payment) to qualifying borrowers.
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