General Mortgage KnowledgeQuestion 110 of 400
A borrower buys in a designated rural area, has moderate income within program limits, and wants no down payment. Which program best fits?
a.Jumbo loan
b.USDA loan
c.VA loan
d.FHA loan
Explanation
USDA (Rural Development) loans allow 100% financing in eligible rural areas subject to household income limits. VA requires military eligibility, FHA requires a down payment, and jumbo loans are large, non-government loans.
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