Finance
A 'VA loan' benefit in Colorado allows eligible veterans to:
AA. Purchase only new construction
BB. Purchase with no down payment and no private mortgage insurance (PMI), subject to VA entitlement and property eligibility✓ Correct
CC. Purchase only primary residences costing under $200,000
DD. Purchase without an appraisal
Explanation
VA loans, guaranteed by the Department of Veterans Affairs, allow eligible veterans and service members to purchase homes with zero down payment and no PMI. There is a VA funding fee (which can be financed), and the property must meet VA minimum property requirements. VA loans have no loan limit for full-entitlement borrowers.
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