One difference between the USDA$-$guaranteed loan and the USDA direct loan is that $\_\_\_\_\_\_.$

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The borrower must be extremely low income to qualify for a USDA direct loan

The borrower must earn no more than $115\%$ of the area median income to qualify for a USDA direct loan

The USDA direct loan requires a higher income level to qualify

The USDA$-$guaranteed loan can be made in rural or urban areas