Finance
Which Massachusetts borrower would most benefit from a VA loan?
AA first-time homebuyer with no military service
BAn eligible veteran who wants to avoid mortgage insurance and make no down payment✓ Correct
CAn investor buying a rental property
DA borrower with excellent credit seeking the lowest rate
Explanation
VA loans offer eligible veterans and service members the ability to purchase with no down payment and no private mortgage insurance (PMI). This is a significant advantage over conventional financing.
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