Finance
What is a 'USDA loan' and when might it benefit Illinois homebuyers?
AA loan for purchasing agricultural land; available statewide
BA zero-down-payment loan for eligible buyers in rural and some suburban areas, guaranteed by the U.S. Department of Agriculture✓ Correct
CA low-interest loan for buying homes near USDA research facilities
DA grant program for Illinois farmers purchasing primary residences
Explanation
USDA Rural Development loans offer 100% financing (no down payment) for eligible buyers in designated rural and suburban areas. Many Illinois areas outside major metropolitan centers qualify.
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