Finance
An FHA loan offered to West Virginia homebuyers is characterized by:
ANo mortgage insurance requirement
BLower down payment requirements and government insurance protecting the lender✓ Correct
CRestriction to rural properties only
DEligibility only for first-time homebuyers
Explanation
FHA loans available to West Virginia buyers require as little as 3.5% down payment and are insured by the Federal Housing Administration, which protects lenders against borrower default.
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