VA Mortgage Loan Financial Glossary

What is it? A form of mortgage insurance. Housing loans to veterans by banks, savings and loans, or other lenders are guaranteed by the U.S. Department of Veterans Affairs (formerly the Veterans Administration). This enables a veteran to buy a principal residence with little or no down payment.

Finance Term Definition Added By: Jessica

Send To Friends!

If you'd like to send the VA Mortgage Loan 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 Loan. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Balance sheet is The balance sheet forms part of a companys annual report and accounts. It is a summary of the companys assets, liabilities and shareholders funds.

Financial Term Application Fee is Fees that are paid upon application. An application fee may frequently include charges for property appraisal ($200-$400) and a credit report ($30-50). See also Glossary of Closing Costs.

Financial Term HSB is Hold / speculative buy

Financial Term Asset is An item that is intended to be used for several years such as a building or a vehicle.

Financial Term Fixed Rate is Where the interest rate is fixed for a set period.