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Ooans USDA-guaranteed loans carry year terms and are set at a fixed rate, with no adjustable-rate terms. These loans are less common than USDA Loan Guarantee Program loans and are only available for low and very low-income households to obtain homeownership, as defined by the USDA income eligibility requirements. Very low income is defined as below 50 percent of the area click here income; low income is between 50 and 80 percent of AMI; moderate income is 80 to percent of AMI.
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