Finance
Iowa VA loans are available to eligible veterans and offer:
AOnly refinancing of existing mortgages
B100% financing (no down payment), competitive rates, and no PMI requirement for eligible veterans✓ Correct
CFinancing only for commercial property purchases by veterans
DLoans guaranteed only for Iowa-born veterans
Explanation
VA loans, guaranteed by the Department of Veterans Affairs, allow eligible veterans, active-duty service members, and surviving spouses to purchase homes with no down payment, no PMI, and competitively low interest rates. These loans are widely used in Iowa's veteran community.
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