Finance
A Louisiana buyer applies for a USDA Rural Development Guaranteed Loan. A key eligibility requirement is that the property must be:
ALocated in any parish in Louisiana
BLocated in a USDA-designated rural area and be the buyer's primary residence✓ Correct
CA multi-family property with at least 4 units
DLocated within a federal opportunity zone
Explanation
USDA Rural Development Guaranteed Loans are available for properties located in USDA-designated rural areas (generally areas with populations under 35,000) that will serve as the borrower's primary residence. Many Louisiana parishes outside of major metropolitan areas qualify.
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