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Financing

Financing Practice Question

VA loans offer which unique benefit to eligible veterans?
A
Lower interest rates than all other loans
B
No down payment requirement
C
No closing costs
D
No property appraisal required
Explanation

VA loans allow eligible veterans to purchase homes with no down payment. While VA loans typically have competitive interest rates, they don't guarantee lower rates than all other loans. VA loans still have closing costs and require VA appraisals.

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