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A qualified Texas veteran may participate in which loan program if she needs to make substantial improvements to her existing primary residence?

a) FHA 203(k) loan
b) USDA Rural Development loan
c) Home Equity Loan
d) VA Renovation Loan

1 Answer

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Final answer:

A qualified Texas veteran may participate in the VA Renovation Loan program if she needs to make substantial improvements to her existing primary residence. This loan program is specifically designed to help veterans finance home renovations.

Step-by-step explanation:

A qualified Texas veteran may participate in the VA Renovation Loan program if she needs to make substantial improvements to her existing primary residence. This loan program is specifically designed to help veterans finance home renovations, allowing them to borrow money for repairs, upgrades, or renovations.The VA Renovation Loan program offers a variety of benefits for qualified veterans, including the ability to finance up to 100% of the home's value, flexible repayment terms, and competitive interest rates.

By participating in the VA Renovation Loan program, the veteran can make the necessary improvements to her existing primary residence without having to sell or refinance the property.

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