What fixed-rate term options are permissible for VA loans?

• A. 15, 20, and 30-year terms.
• B. 30-year only.
• C. 20, 25, and 30-year terms.
• D. 25-year and 30-year terms.

Answer: (C)

Fixed-rate term options describe how long you’ll repay the loan at a constant interest rate, and the term choice directly affects your monthly payment and total interest paid over the life of the loan. For VA loans, lenders commonly offer longer fixed-rate terms to fit different budgets, including 20-year, 25-year, and 30-year options. This set covers varying payment amounts while staying within standard VA product offerings. The other options either omit a permissible term or include a term (like 15 years) that isn’t part of the typical VA fixed-rate options under this context. So, the valid set is the one that includes 20, 25, and 30-year terms.