What does the RHS primarily administer in terms of loans?

The RHS, or Rural Housing Service, primarily administers a variety of financial assistance programs aimed at improving and promoting rural housing in the United States. This includes direct loans, loan guarantees, and grants, which are designed to help individuals and families in rural areas obtain affordable housing and improve their living conditions.

Direct loans from the RHS provide financing directly to eligible borrowers for the purchase of homes, while loan guarantees allow lenders to provide loans to borrowers with less risk, as the RHS guarantees a portion of the loan. Additionally, grants can be provided for specific purposes, such as housing rehabilitation. These comprehensive offerings align with the RHS's mission to enhance housing opportunities in rural communities, making it the correct choice regarding what the RHS primarily administers in terms of loans.

Other options do not capture the full scope of what the RHS focuses on. Personal loans and mortgages are more general and not specifically aligned with the RHS's rural mission. Refinancing existing loans is a narrower aspect of financial services and does not encompass the RHS’s broader objectives in providing new loans and grants. Investment loans for businesses fall outside the RHS's primary role, which is centered on residential housing rather than commercial investment.