What is VA Loan? | REAL-ESTATE-SALESPERSON Exam Prep

A VA loan is a government-backed mortgage guaranteed by the U.S. Department of Veterans Affairs for eligible veterans, active-duty service members, and surviving spouses, featuring 0% down payment, no private mortgage insurance (PMI), and competitive interest rates. 📚 Learn more about VA Loan and other key terms for your REAL-ESTATE-SALESPERSON exam at Open Exam Prep. 🎯 This term appears on: REAL-ESTATE-SALESPERSON 🔗 Full glossary: https://www.open-exam-prep.com/glossary 🔗 VA Loan definition: https://www.open-exam-prep.com/glossary/va-loan 💡 Exam Tip: VA = 0% down, NO PMI. For veterans/service members only. Primary residence only. Funding fee required (waived for disabled vets). Government GUARANTEED, not funded. --- #real-estate #examprep #financeexam #real-estate-salesperson