Finance
What is a 'VA loan' and who is eligible in Delaware?
AA loan from the Veterans Administration at 0% interest for all veterans
BA home loan guaranteed by the U.S. Department of Veterans Affairs, available to eligible veterans, active-duty service members, and surviving spouses — requiring no down payment and no PMI✓ Correct
CA state-sponsored Delaware loan program for veterans only
DA loan available to any first-time homebuyer who has served in a volunteer organization
Explanation
VA loans are guaranteed by the U.S. Department of Veterans Affairs and are available to eligible veterans, active-duty service members, and qualifying surviving spouses. Key benefits include no down payment requirement, no PMI, competitive interest rates, and limited closing costs. Delaware borrowers must meet VA service requirements.
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