Finance (alternative)
A Maryland veteran using a VA loan benefits from which unique feature?
ANo down payment required and no private mortgage insurance✓ Correct
BFixed 3% interest rate guaranteed by the state
C100% closing cost coverage by the seller
DAutomatic approval regardless of credit score
Explanation
VA loans allow eligible veterans to purchase homes with no down payment and do not require private mortgage insurance (PMI), making them highly beneficial for qualifying buyers.
Related Maryland Finance (alternative) Questions
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