Finance
A NJ buyer using a USDA Rural Development loan must:
APurchase in any location in NJ
BPurchase in a USDA-designated rural or suburban eligible area and meet income limits✓ Correct
CBe an active military member
DMake a 10% minimum down payment
Explanation
USDA Rural Development loans are available only in USDA-eligible rural areas (which includes some NJ suburban communities) and require the borrower to meet income limits. No down payment is required.
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