A mortgage team asks a renewal specialist about USDA loan-program requirements during an advertising approval. Which answer should guide the file?
Correct Answer
A) Use USDA guaranteed-loan requirements for the program
USDA Section 502 guaranteed loans require eligible rural property, income eligibility, primary residence use, and lender approval. The best answer is "Use USDA guaranteed-loan requirements for the program".
Why This Is the Correct Answer
USDA Section 502 guaranteed loans require eligible rural property, income eligibility, primary residence use, and lender approval. The best answer is "Use USDA guaranteed-loan requirements for the program".
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