USDA Loan Programs: Eligibility & Requirements

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question 1 of 3

The United States Department of Agriculture defines rural areas as _____.

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1. A person wanting to purchase a home in a rural area who qualifies under the United States Department of Agriculture (USDA) income requirements as very low income could qualify for which USDA rural housing loan program?

2. The United State Department of Agriculture Single-Family Housing Guaranteed Loan Program provides _____.

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About This Quiz & Worksheet

This quiz/worksheet combination allows you to gauge your understanding of USDA rural home loans. You will be able to check your knowledge of definitions used by the USDA regarding rural areas and types/features of rural housing loans available to single families.

Quiz & Worksheet Goals

In these assessments, you will be tested on your ability to recall:

  • The USDA's definition of a rural area
  • Different types of rural housing loans
  • What the Guaranteed Loan program provides
  • Qualifications for and terms of rural home loans

Skills Practiced

  • Reading comprehension - make sure you understand key information regarding rural housing loans
  • Information recall - access the knowledge you've gained concerning different types of rural home loans
  • Defining key concepts - verify that you can define important terms and phrases used by the USDA relating to rural housing loans

Additional Learning

Make sure you check out the USDA Loan Programs: Eligibility & Requirements lesson to learn more about USDA rural housing loans. Upon completion of this lesson, you will be able to:

  • Understand income requirements for a USDA rural home loan
  • Explain additional loan qualifications
  • Outline the interest rate structure for different types of loans
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