Finance
Which type of loan is backed by the full faith and credit of the U.S. government and is designed to help veterans purchase homes?
AFHA loan
BVA loan✓ Correct
CUSDA loan
DConventional loan
Explanation
VA loans are guaranteed by the U.S. Department of Veterans Affairs and are available to eligible veterans, active-duty service members, and surviving spouses. They typically require no down payment and no PMI.
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