True or False: All USDA applicants must be first-time homebuyers.

The statement that all USDA applicants must be first-time homebuyers is false because USDA Rural Development does not impose a requirement that applicants must be first-time buyers to qualify for a loan. While many first-time homebuyers utilize USDA loans, previous homeowners may also be eligible as long as they meet other criteria set by the USDA, such as income limits and the property location. This flexibility allows a broader range of individuals and families to access financing for homes in rural areas. The USDA program focuses more on the borrower's income, creditworthiness, and the property location rather than limiting eligibility strictly to first-time buyers.