VA Loan

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Dictionary Says

Definition of 'VA Loan'

A mortgage loan program established by the United States Department of Veterans Affairs to help veterans and their families obtain home financing. The Department of Veterans Affairs does not directly originate VA loans; instead, they establish the rules for those who may qualify, dictate the terms of the mortgages offered and insure VA loans against default.
Investopedia Says

Investopedia explains 'VA Loan'

VA loans offer up to 100% financing on the value of a home. To qualify for a VA loan, borrowers must present a certificate of eligibility, which establishes their record of military service, to the lender. VA loans, FHA loans and other loans insured by departments of the United States government are securitized by the Government National Mortgage Association (Ginnie Mae). These securities carry the guarantee against default of the Untied States government.

Articles Of Interest

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    Understanding Your Mortgage

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  2. The Unique Advantages Of VA Mortgages

    Find out how being a veteran can save you money on your mortgage.

  3. 4 Steps To Attaining A Mortgage

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  4. Understanding The Mortgage Payment Structure

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  8. How To Keep Costs Low When Refinancing Your Home

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  9. How To Properly Research For The Best Mortgage Rate

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  10. What Is A Mortgage?

    A mortgage is a loan used to purchase a home, where the property serves as the borrower's collateral.
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