Finance
An Iowa home buyer with a VA loan asks whether they need a down payment. The correct answer is:
AYes, always 5%
BYes, always 10%
CNo, VA loans allow 100% financing for eligible veterans with sufficient entitlement✓ Correct
DNo, but they must pay 2 points upfront
Explanation
VA loans allow eligible veterans, service members, and surviving spouses to purchase homes with no down payment (100% financing) using their VA loan entitlement, subject to lender and property requirements.
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