Which individual is eligible for a VA loan?

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Study for the Washington Real Estate Fundamentals Rockwell Exam. Utilize flashcards, multiple choice questions with hints and explanations. Prepare thoroughly for your real estate career!

Multiple Choice

Which individual is eligible for a VA loan?

Explanation:
VA loans are reserved for those who have served in the U.S. military under honorable conditions. A veteran qualifies because they completed active duty service and received an honorable discharge, which meets the program’s eligibility criteria. A dependent child or a non-veteran has not served, so they would not be eligible. The spouse of a non-veteran does not meet eligibility under standard VA loan rules unless they fall into special cases (like being a surviving spouse of a veteran), which isn’t part of this scenario.

VA loans are reserved for those who have served in the U.S. military under honorable conditions. A veteran qualifies because they completed active duty service and received an honorable discharge, which meets the program’s eligibility criteria. A dependent child or a non-veteran has not served, so they would not be eligible. The spouse of a non-veteran does not meet eligibility under standard VA loan rules unless they fall into special cases (like being a surviving spouse of a veteran), which isn’t part of this scenario.

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