Finance
A USDA Rural Development Guaranteed loan in Oklahoma guarantees:
AThe borrower will repay the loan
BThe lender against losses if the borrower defaults, up to 90% of the loan amount✓ Correct
CThe property's appraised value
DThe interest rate will not exceed a set maximum
Explanation
The USDA Guaranteed Loan Program guarantees approved lenders against losses (up to 90% of the outstanding principal) if the borrower defaults. This guarantee allows lenders to offer 100% financing to eligible rural borrowers.
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