Finance
In Missouri, a VA (Veterans Affairs) loan benefit is that:
AOnly Missouri veterans can use it
BEligible veterans can purchase with no down payment and no private mortgage insurance✓ Correct
CVA sets below-market interest rates for all loans
DVA loans require a 20% down payment
Explanation
VA loans allow eligible veterans, active-duty military, and surviving spouses to purchase homes with no down payment and no private mortgage insurance (PMI). VA guarantees a portion of the loan, making it attractive for lenders.
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