Definition: A mortgage that is available to United State’s Armed Forces veterans. It is guaranteed by the Veterans Administration. This mortgage has a lower down payment than most other standard mortgages. Spouses of veterans are also able to acquire a VA mortgage.
Definition: To have the rights of ownership. These rights may have delayed indulgence until a future date.
Definition: Is the federal government agency that helps veterans purchase homes with lower down payments, in comparison to standard mortgage loans, or no down payments. Typically, veterans who have served over 120 days of active duty are eligible for a home loan with no down payment.