Finance
A VA loan for a Vermont veteran requires:
AA 10% down payment
BNo down payment in most cases, and no private mortgage insurance✓ Correct
CThe property to be in a rural area
DA co-signer with excellent credit
Explanation
VA loans guaranteed by the Department of Veterans Affairs typically require no down payment and no PMI, making them a valuable benefit for eligible Vermont veterans and active-duty service members.
Related Vermont Finance Questions
- Vermont mortgage lenders must comply with the Community Reinvestment Act (CRA) by:
- Vermont's mortgage forbearance agreement allows a borrower in temporary financial hardship to:
- Vermont's mortgage recording tax is paid by:
- In Vermont, the Equal Credit Opportunity Act (ECOA) prohibits lenders from discriminating based on:
- Vermont also allows non-judicial (power of sale) foreclosure when:
- Vermont's '1031 exchange' (like-kind exchange) allows real estate investors to:
- RESPA (Real Estate Settlement Procedures Act) requires Vermont lenders to provide borrowers with:
- Vermont's secondary mortgage market involves:
Practice More Vermont Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Vermont Quiz →