Finance
In Wyoming, a 'USDA Rural Development Guaranteed Loan' differs from a Direct Loan because:
AGuaranteed loans are made directly by USDA; direct loans are made by private lenders
BUSDA guarantees loans made by private lenders under the guaranteed program; USDA makes direct loans itself under the direct program✓ Correct
CGuaranteed loans require a 10% down payment; direct loans require 0%
DThey are the same program with different names
Explanation
Under USDA's Guaranteed Loan program, USDA guarantees loans originated by approved private lenders, reducing the lender's risk. Under the Direct Loan program, USDA directly lends to eligible borrowers. Both programs aim to make homeownership accessible in rural Wyoming communities.
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