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Real Estate Licensing Massachusetts-Real-Estate-Salesperson Exam - Topic 2 Question 18 Discussion

Actual exam question for Real Estate Licensing's Massachusetts-Real-Estate-Salesperson exam

Question #: 18
Topic #: 2

[All Massachusetts-Real-Estate-Salesperson Questions]

If a lender has granted a VA-guaranteed loan to a veteran, the veteran

Amakes the down payment directly to the VA.

Bcannot apply for another VA loan in the veteran's lifetime.

Ccannot prepay any of the principal amount of the loan.

Dmay sell the property to another veteran who assumes the loan.

Show Suggested Answer

Suggested Answer: D

Comprehensive and Detailed Explanation (150--250 words):

A VA-guaranteed loan allows veterans to purchase with little or no down payment. Once the loan is made, the veteran deals directly with the lender --- not the VA. The VA guarantees repayment to the lender if default occurs.

A: Down payments, if required, are paid to the lender, not the VA.

B: Veterans may obtain multiple VA loans in a lifetime, depending on eligibility and entitlement.

C: VA loans allow prepayment without penalty.

D: VA loans are assumable, meaning another veteran (or even non-veteran, with lender approval) may assume the existing financing, often a benefit if the loan has a favorable interest rate.

Correct answer: D.

by Dominga at Jun 28, 2026, 05:53 AM

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Leota

2 hours ago

I definitely remember that veterans can use their VA loan benefit more than once, so I don’t think option B is correct.

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Hoa

5 days ago

I’m a bit confused about the down payment part. I thought VA loans didn’t require a down payment, but does that mean they pay something to the VA?

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Alfreda

10 days ago

I feel like I saw a question similar to this in our practice tests, and I think the answer was about assuming the loan.

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Bernardo

16 days ago

I think I remember that veterans can actually sell their property to another veteran who assumes the loan, but I'm not completely sure.

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