Finance
The USDA Rural Development loan program can be used in qualifying rural and suburban areas of New Mexico and offers:
A100% financing (no down payment) for eligible borrowers in eligible areas✓ Correct
BMaximum 50% loan-to-value
CFinancing only for agricultural land
DLoans only for active military members
Explanation
USDA Rural Development (Section 502) loans offer 100% financing with no down payment to eligible low- and moderate-income borrowers purchasing homes in designated rural/suburban areas.
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