Finance
A USDA Rural Development loan is designed for:
AUrban high-rise condominium purchases
BHome purchases in eligible rural and suburban areas by low-to-moderate income borrowers✓ Correct
CCommercial agricultural operations only
DAny property purchase by military veterans
Explanation
USDA Rural Development (Section 502) loans are for low-to-moderate income buyers purchasing in eligible rural areas. They can offer 100% financing (no down payment) to qualifying borrowers.
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