Finance
A USDA Rural Development loan is best described as a loan:
AAvailable only to active-duty military personnel
BFor low-to-moderate income borrowers purchasing in eligible rural areas, often with no down payment✓ Correct
CBacked by the Federal Housing Administration for urban properties
DRequiring a minimum 10% down payment in all cases
Explanation
USDA Rural Development loans are government-backed mortgages for eligible rural and suburban homebuyers, often offering 100% financing (no down payment) to qualifying borrowers.
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