Finance
In South Dakota, a 'USDA Rural Development loan' is available for properties:
AOnly on agricultural land over 100 acres
BIn eligible rural and suburban areas as defined by USDA, with income limits for borrowers✓ Correct
COnly for farmers purchasing property for agricultural use
DOnly in counties with populations under 10,000
Explanation
USDA Rural Development loans (Section 502 Direct and Guaranteed loans) are available for owner-occupied homes in eligible rural and suburban areas designated by the USDA. Borrowers must meet income eligibility requirements. South Dakota has many eligible areas due to its rural nature.
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