Question
U.S. Department of Veterans Affairs (VA) loans are a type of conventional loan.
True
False
True
False
Answers
GPT-4o mini
False
U.S. Department of Veterans Affairs (VA) loans are not considered conventional loans. They are a specific type of government-backed loan designed to assist veterans, active-duty service members, and certain members of the National Guard and Reserves in purchasing homes. Conventional loans are not insured or guaranteed by a government agency, unlike VA loans.
U.S. Department of Veterans Affairs (VA) loans are not considered conventional loans. They are a specific type of government-backed loan designed to assist veterans, active-duty service members, and certain members of the National Guard and Reserves in purchasing homes. Conventional loans are not insured or guaranteed by a government agency, unlike VA loans.