Finance
A VA loan benefit is available to eligible veterans and active duty military. One key feature is:
AA required 5% down payment
BNo down payment requirement and no PMI✓ Correct
CA maximum loan amount of $200,000
DA fixed interest rate set by the VA
Explanation
VA loans offer eligible veterans the ability to purchase a home with no down payment and no private mortgage insurance requirement, making homeownership more accessible for service members.
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