Finance
USDA Rural Development loans in Minnesota are designed for:
AFarm equipment purchases
BHome purchases in eligible rural and suburban areas by qualifying low- to moderate-income borrowers✓ Correct
CCommercial agricultural businesses
DOnly Native American tribal land purchases
Explanation
USDA Rural Development loans (Section 502 Direct and Guaranteed loans) offer 100% financing (no down payment) to eligible low- to moderate-income borrowers purchasing homes in designated rural and suburban areas of Minnesota. Many areas outside the Twin Cities metro qualify.
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