VA-guaranteed mortgages are very much like FHA-insured mortgages except they

Question

Quizplus · Accepted Answer

VA-guaranteed mortgages are only granted to military veterans, while FHA-insured mortgages are available to a wider range of borrowers. Therefore, the correct answer is C. The other options are incorrect: A is incorrect because VA loans typically have lower interest rates than comparable FHA loans; B is incorrect because VA loans generally have lower required down payments than FHA loans; and D is incorrect because both VA and FHA loans can have similar processing times for loan approval.

VA-Guaranteed Mortgages Are Very Much Like FHA-Insured Mortgages Except They