Finance
A Wisconsin buyer using a USDA Rural Development loan is purchasing a home in an eligible rural area. USDA loans are characterized by:
AA minimum 10% down payment
BNo down payment requirement for eligible borrowers in rural areas✓ Correct
CRequiring private mortgage insurance above 80% LTV
DBeing limited to properties with 5 or more acres
Explanation
USDA Rural Development loans offer 100% financing (no down payment) for eligible borrowers purchasing in USDA-designated rural areas, making homeownership accessible in rural Wisconsin communities.
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