FinanceQuestion 77 of 120
A key benefit of a VA-guaranteed loan for eligible veterans is that it:
a.Often requires no down payment
b.Requires a minimum 20% down payment
c.Is available to all buyers regardless of service
d.Charges the highest interest rates by law
Explanation
VA loans, guaranteed by the Department of Veterans Affairs, often allow eligible veterans to purchase with no down payment. They are limited to qualified veterans, service members, and certain spouses.
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