Finance
Iowa's USDA Rural Development loan program benefits rural property buyers by:
AOffering loans only to farmers
BProviding 100% financing (no down payment) for eligible rural homebuyers with moderate incomes✓ Correct
CFinancing only commercial agricultural buildings
DOffering interest-free loans for first-time buyers
Explanation
USDA Rural Development (Section 502) loans offer 100% financing for eligible rural homebuyers who meet income limits. Many Iowa communities outside major metro areas qualify, making this a significant financing option for Iowa buyers.
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