Finance
A VA loan is available to eligible veterans and is unique in that it:
ARequires a 10% down payment
BIs issued directly by the Department of Veterans Affairs
CTypically requires no down payment and no private mortgage insurance✓ Correct
DIs limited to first-time homebuyers only
Explanation
VA loans, guaranteed by the U.S. Department of Veterans Affairs, typically require no down payment and no private mortgage insurance (PMI), making them a significant benefit for eligible veterans, active-duty service members, and surviving spouses.
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