Home
E-Mail
Latest

VA Mortgage Financial Glossary

What is it? A mortgage, of which only Veterans are eligible, where the lender receives a guarantee to reduce loss from the Veterans Administration (VA). The major advantage of a VA mortgage is that the required down payment is very low, and maximum allowable loan amounts are higher than on FHA loans.

Finance Term Definition Added By: Gabrielle

The VA Mortgage definition has been viewed 2724 Time(s)!




Send To Friends!

If you'd like to send the VA Mortgage definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -





We hope you now understand the meaning of VA Mortgage. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Indenture is The legal agreement between the firm issuing the bond and the bondholders, providing the specific terms of the loan agreement.

Financial Term prepayment penalty is A fee that must be paid to the lender if the borrower prepays a loan within a defined time period. Many consumer loans, especially residential mortgage loans, do not have prepayment penalties.

Financial Term exercise is The implementation or use of a contractual right, for example, a call option holders purchase of the underlying security.

Financial Term Interest Rate is The percentage of an amount of money which is paid for its use for a specified time. Usually expressed as an annual percentage.

Financial Term Combined Loan to Value is The relationship between the unpaid principal balances of all the mortgages on a property and the propertys appraised value.