Finance
An Oregon buyer uses a USDA Rural Development loan. This loan is primarily intended for:
ALarge commercial agricultural operations
BLow-to-moderate income homebuyers purchasing homes in eligible rural areas✓ Correct
CRefinancing existing rural farmland mortgages
DOregon farmers purchasing agricultural equipment
Explanation
USDA Rural Development loans (Section 502 Direct and Guaranteed loans) are available to low-to-moderate income buyers purchasing homes in eligible rural areas as defined by USDA. These loans offer no-down-payment financing and competitive rates.
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