Finance
In New York, the 'VA loan guarantee' entitles eligible veterans to:
AA free home
BA mortgage loan backed by the Department of Veterans Affairs, typically requiring no down payment and no PMI✓ Correct
CA subsidized interest rate set by the DOS
DA 50% reduction in NYC transfer tax
Explanation
VA-guaranteed home loans allow eligible veterans, service members, and surviving spouses to obtain mortgages with no down payment requirement and no private mortgage insurance (PMI), backed by the U.S.
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