Finance
A 'VA loan' benefit for eligible veterans in Arizona includes which significant advantage?
AA lower property tax rate for the mortgaged property
BThe ability to purchase a primary residence with no down payment and no private mortgage insurance (PMI) requirement✓ Correct
CExemption from the Arizona anti-deficiency statutes
DA guaranteed below-market interest rate set by the VA
Explanation
VA loans allow eligible veterans, active-duty service members, and surviving spouses to purchase primary residences with no down payment and no PMI. The VA guarantees a portion of the loan, allowing lenders to offer favorable terms without the down payment and PMI requirements of conventional loans.
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