shopping for home loan
The VA Mortgage Program
VA loans are insured by the Veterans Administration. These loans are only available to qualified veterans, but they offer several advantages. Which of these is true?
VA loans require a down payment.
VA loans involve larger closing costs.
VA loans offer fixed, competitive interest rates, even to people with less than perfect credit.
The correct answer is "C". VA loans don't require a down payment, and have limited closing costs. If you're a first-time home buyer, other state and city government financing programs may also be open to you. Check with your local housing administration to see what's available.