Finance
An Oklahoma buyer obtains a VA loan. Which statement is correct regarding the down payment?
AA minimum 3.5% down payment is required
BA minimum 5% down payment is required
CNo down payment is required for eligible veterans✓ Correct
DA 10% down payment is required for first-time buyers
Explanation
VA loans available to eligible veterans and active-duty military require no down payment (0% down), making homeownership more accessible. Oklahoma has a significant veteran population utilizing this benefit.
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