Finance
What is a USDA Rural Development loan?
AA loan for purchasing farms only
BA government-backed loan for eligible rural and suburban home buyers with low to moderate income✓ Correct
CA business loan for agricultural operations
DA grant for rural infrastructure
Explanation
USDA Rural Development Section 502 loans help low-to-moderate income buyers purchase homes in eligible rural and some suburban areas. They offer 100% financing (no down payment), low mortgage insurance premiums, and competitive rates.
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