Finance
Vermont borrowers with a VA loan benefit from which key feature not available with conventional loans?
ALower property taxes
BNo down payment requirement (100% financing) and no PMI for eligible veterans✓ Correct
CAutomatic forgiveness of the loan if the veteran dies
DA fixed interest rate locked for life
Explanation
VA loans, available to eligible veterans and service members, offer 100% financing (no down payment) and no PMI requirement, making homeownership more accessible. VA loans are guaranteed by the U.S. Department of Veterans Affairs and are available at Vermont lenders.
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