How much of a down payment is required for a DVA loan?

A DVA loan, also known as a VA loan, is a mortgage option offered to veterans and active-duty service members, and it includes significant benefits, one of which is the requirement for no down payment. This feature makes VA loans particularly attractive as it allows eligible borrowers to finance 100% of the home's purchase price without needing to provide any down payment upfront.

This aspect of the DVA loan is designed to make home buying more accessible for those who have served in the military, removing the barrier of a down payment which can often be a significant hurdle for many homebuyers. Furthermore, while some loans may require private mortgage insurance (PMI) when a down payment is less than 20%, VA loans do not require PMI, further enhancing their affordability.

In contrast, the other choices suggest varying down payment amounts that are not applicable to DVA loans, reflecting standard procedures for many conventional loans but not for VA financing.