Finance
A Louisiana homebuyer uses a USDA Rural Development loan. This type of loan is designed for:
ALuxury home purchases in New Orleans
BEligible low-to-moderate income buyers purchasing homes in eligible rural or small town areas✓ Correct
CCommercial farm purchases only
DVacation or second home purchases
Explanation
USDA Rural Development loans are designed for eligible buyers with low-to-moderate income purchasing homes in USDA-designated rural areas. They may offer 100% financing with no down payment requirement.
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