Finance
Which of the following statements about VA home loans is accurate?
AVA loans require a 5% down payment
BVA loans are only available to first-time homebuyers
CVA loans are available to eligible veterans and active-duty military with no down payment requirement✓ Correct
DVA loans require monthly mortgage insurance premiums
Explanation
VA loans are available to eligible veterans, service members, and surviving spouses. They require no down payment and no monthly mortgage insurance. A one-time VA funding fee applies to most borrowers.
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