Finance
A North Dakota borrower applying for a USDA Rural Development loan must meet income requirements because the program:
AIs for any income level in rural areas
BIs targeted to low-to-moderate income borrowers in eligible rural areas✓ Correct
CIs exclusively for below-poverty-level borrowers
DHas no income limits in North Dakota
Explanation
USDA Rural Development loans are income-limited programs designed to help low-to-moderate income borrowers purchase homes in eligible rural areas. Household income cannot exceed program limits (which vary by location and family size).
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