Finance
A USDA Rural Development loan is designed to help:
AFarmers purchase agricultural equipment
BLow-to-moderate income buyers purchase homes in eligible rural and suburban areas✓ Correct
CInvestors finance rural commercial properties
DMunicipalities develop public infrastructure in rural areas
Explanation
USDA Rural Development mortgage programs (Section 502) offer low- or no-down-payment financing to low-to-moderate income borrowers purchasing homes in eligible rural and certain suburban areas. Many areas of Tennessee qualify for USDA financing.
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