Finance
A VA loan benefit allows eligible veterans to purchase a home with:
AA 5% down payment requirement
BNo down payment and no private mortgage insurance requirement✓ Correct
CBelow-market interest rates guaranteed by the VA
DA direct loan from the Veterans Administration
Explanation
VA loans offer eligible veterans and service members the ability to purchase a home with no down payment and without private mortgage insurance. The VA guarantees a portion of the loan, not the full amount, and the loan is made by a private lender.
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