Finance
In New Mexico, which loan program is designed specifically to help buyers in rural areas and agricultural communities?
AFHA Section 203(b)
BUSDA Rural Development Section 502 Direct and Guaranteed loans✓ Correct
CVA Home Loan program
DFannie Mae HomeReady program
Explanation
USDA Rural Development offers Section 502 Direct Loans (to very low-income applicants) and Section 502 Guaranteed Loans (through private lenders) for eligible buyers purchasing in USDA-designated rural areas.
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