FinanceQuestion 73 of 120
A VA loan is designed primarily to benefit:
a.First-time commercial developers
b.Foreign investors
c.Eligible veterans and certain service members
d.Local governments
Explanation
VA loans are guaranteed by the Department of Veterans Affairs for eligible veterans, active service members, and certain surviving spouses. The guarantee allows favorable terms, often including no down payment. The VA guarantees rather than directly makes most of these loans.
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