Definition: "USDA Rural Development Mortgage Loan" refers to a type of mortgage loan offered by the United States Department of Agriculture (USDA) for rural areas. This term typically refers to a residential mortgage loan that is made through the U.S. Department of Agriculture's Rural Development Service. The USDA Rural Development Service provides funding and technical assistance to help farmers, ranchers, and other small business owners in rural communities improve their land, infrastructure, and operations through a range of programs, including: 1. Rural Energy for America (REORA) program: Provides grants for the development of energy-efficient infrastructure across the country. 2. Rural Housingθ΄·ζ¬ΎοΌ Provides low-interest loans to homeowners, rental property managers, and community groups for buying or improving housing in rural areas. 3. Small Business Development Financial Institutions (SBDFIs): Grants for small businesses that are located in rural areas and help them grow through training, equipment, software, and other support services. 4. Rural Community Development Loan Program (RCDDL): Provides financing to help farmers and ranchers establish or expand agricultural enterprises in rural communities. In summary, the word "USDA Rural Development Mortgage Loan" is a type of mortgage loan offered by the USDA for small businesses located in rural areas that aim to provide loans for improving their land, infrastructure, and operations.
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