Finance
In Indiana, a USDA Rural Development loan is designed for:
APurchasing farmland and agricultural equipment
BLow-to-moderate income buyers purchasing homes in eligible rural and suburban areas✓ Correct
CCommercial agricultural businesses only
DOnly existing homeowners seeking to refinance
Explanation
USDA Rural Development loans offer 100% financing (no down payment required) for eligible low-to-moderate income buyers purchasing homes in USDA-designated rural and certain suburban areas throughout Indiana.
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