Finance
What is a 'VA entitlement' and how does it benefit Oregon veterans buying homes?
AA veteran's guaranteed right to purchase any home at a reduced price
BThe maximum loan amount the VA will guaranty for an eligible veteran, enabling zero-down-payment financing without PMI✓ Correct
CA monthly housing allowance paid directly to Oregon veterans
DA property tax exemption for Oregon veterans
Explanation
VA entitlement is the amount the Department of Veterans Affairs will guarantee on a VA loan, enabling eligible veterans, service members, and surviving spouses to obtain mortgages with no down payment and no PMI. Oregon veterans with full entitlement have no loan limit; those with partial entitlement may need a down payment. VA loans are among the most favorable mortgage products available.
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