Finance
A VA loan guaranty enables eligible veterans to:
ABuy a home with no down payment and no private mortgage insurance✓ Correct
BBuy only a primary residence for $0 down with automatic loan forgiveness
CRefinance only, not purchase property
DReceive a fixed 3% interest rate regardless of market conditions
Explanation
VA loans, available to eligible veterans and active-duty service members, allow purchase of a home with no down payment and no private mortgage insurance requirement. The VA guaranty protects the lender rather than the borrower.
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