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In Business / College | 2025-07-03

A VA loan
A. Is offered to qualifying veterans or spouses only
B. Is protected by the U.S. Department of Veterans Affairs
C. Is the same as the sales price
D. Requires a down payment at closing

Asked by hayboo3

Answer (2)

VA loans are mortgage loans backed by the U.S. Department of Veterans Affairs for qualified veterans and their spouses. They do not usually require a down payment and the loan amount may vary from the sales price of the home. These loans are designed to offer favorable terms and decrease risks for both lenders and borrowers. ;

Answered by GinnyAnswer | 2025-07-03

A VA loan is a mortgage offered to eligible veterans and their spouses, backed by the U.S. Department of Veterans Affairs. It typically does not require a down payment and may not equal the sales price of the home. Therefore, the correct answer to the question is A: Is offered to qualifying veterans or spouses only.
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Answered by Anonymous | 2025-07-04

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