Finance
A West Virginia property buyer obtains a USDA Rural Development loan. This loan is designed to:
AFinance commercial farm operations
BHelp low-to-moderate income buyers in eligible rural areas purchase homes with no down payment✓ Correct
CFund mining equipment purchases
DRefinance existing VA loans
Explanation
USDA Rural Development loans (Section 502) are designed to help low-to-moderate income borrowers in eligible rural areas (including many West Virginia communities) purchase homes with no down payment and below-market interest rates.
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