Finance
A Mississippi buyer qualifies for a VA loan. One advantage of a VA loan is:
ANo property appraisal is required
BNo down payment is required for eligible veterans✓ Correct
CNo closing costs are allowed
DFixed interest rates are guaranteed below market
Explanation
VA loans, guaranteed by the Department of Veterans Affairs, allow eligible veterans and service members to purchase homes with no down payment, a significant financial benefit.
Related Mississippi Finance Questions
- A conventional loan is best described as a mortgage that:
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