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A key benefit of a VA loan for West Virginia veterans is:

Correct Answer

A) No down payment required

VA loans offer eligible veterans 100% financing with no down payment required. The VA does not guarantee a specific interest rate — rates are set by the lender. A VA funding fee typically applies unless the veteran has a service-connected disability.

Answer Options
A
No down payment required
B
No closing costs at all
C
A guaranteed below-market interest rate
D
No property appraisal required

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Related Topics & Key Terms

Related Topics:

FHA-comparisonfunding-feeeligibility

Key Terms:

VAno down paymentguaranteefunding feeveteran
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