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Glossary Of Terms For Lend America


A B C D E F G H I J K L M N O P Q R S T U V W X Y Z



V

VA loan
See: Veterans Administration


variable rate mortgage (VRM)
See: adjustable rate mortgage


Veterans Administration (VA)
The federal agency responsible for the VA loan guaranty program as well as other services for eligible veterans. In general, qualified veterans can apply for home loans with no down payment and a funding fee of 1 percent of the loan amount.


 

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