Who mainly benefits from VA loans?

VA loans are designed specifically to benefit veterans and certain qualifying individuals, making them the correct choice. These loans provide significant advantages, such as the ability to obtain a mortgage without a down payment, no private mortgage insurance (PMI) requirement, and competitive interest rates. The program aims to support those who have served in the military by making home ownership more accessible and affordable for them.

In contrast, the other options do not accurately represent the primary beneficiaries of VA loans. While low-income first-time homebuyers may benefit from various assistance programs, VA loans are not exclusively aimed at this demographic. The option stating that all homeowners benefit disregards the specific eligibility criteria for VA loans, which are limited to veterans and certain specified individuals, making it too broad. Lastly, commercial real estate investors are not the target audience for VA loans, as these loans are intended for residential property purchases rather than commercial real estate ventures.