FinancingEASY
VA loans offer which unique benefit to eligible veterans?
Correct Answer
B) No down payment requirement
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.
Answer Options
A
Lower interest rates than all other loansB
No down payment requirementC
No closing costsD
No property appraisal requiredVideo Explanation3 min
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Related Topics & Key Terms
Related Topics:
government-backed-loansloan-programs-for-special-groupsfinancing-options
Key Terms:
VA loanno down paymentVA guarantyHECMGI Bill
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