Finance
What is a 'VA loan' and who may use one in Kansas?
AA loan from the Veterans Administration to buy government land
BA government-guaranteed mortgage loan available to eligible veterans, active-duty service members, and surviving spouses, with no down payment required✓ Correct
CA loan for building in rural Kansas areas
DA loan for veterans to start businesses
Explanation
VA loans are guaranteed by the U.S. Department of Veterans Affairs and allow eligible veterans, active-duty service members, and qualifying surviving spouses to purchase homes with no down payment and no PMI.
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