Virginia Real Estate Exam Practice Question
With what loan program(s) can a borrower obtain 100% financing?
Correct Answer: D
Rationale: Option D includes USDA and VA loans, both of which allow for 100% financing. VA loans are specifically designed for veterans and active-duty service members, offering no down payment. Similarly, USDA loans support rural development and also provide financing without a down payment for eligible borrowers in designated areas.
Option A is incorrect because FHA loans require a minimum down payment, typically around 3.5%. Option B is misleading since, while USDA and VA allow for 100% financing, FHA does not. Option C is also wrong as it includes FHA, which does not meet the criteria for 100% financing.
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