Finance
A Mississippi buyer uses a USDA Rural Development guaranteed loan to purchase a home in a rural area. A key feature of this loan program is:
AIt requires a minimum 10% down payment
BIt offers 100% financing (no down payment required) for eligible rural properties and borrowers✓ Correct
CIt is only available to farmers and agricultural workers
DIt is a direct loan from the federal government, not through private lenders
Explanation
USDA Rural Development guaranteed loans offer 100% financing (no down payment) to eligible borrowers for properties in qualifying rural areas. Mississippi has many USDA-eligible areas, making this program particularly valuable for rural homebuyers.
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