Finance
In South Dakota, which of the following borrower profiles would most likely qualify for a USDA Rural Development loan?
AA high-income buyer purchasing in downtown Sioux Falls
BA moderate-income buyer purchasing a home in an eligible rural area of South Dakota✓ Correct
CAn investor purchasing multiple rental properties
DA buyer with excellent credit purchasing a luxury property
Explanation
USDA Rural Development loans are available to moderate-income borrowers purchasing homes in eligible rural areas. They offer 100% financing for qualified applicants in eligible rural communities.
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