Finance
Michigan participates in the USDA Rural Development loan program, which provides 100% financing to:
AFarmers purchasing agricultural land
BLow-to-moderate income borrowers in eligible rural areas✓ Correct
CCommercial developers in rural counties
DAny buyer in a county with fewer than 50,000 residents
Explanation
USDA Rural Development (Section 502) loans offer 100% financing to low-to-moderate income borrowers purchasing homes in USDA-designated eligible rural areas, with no down payment required.
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