Glossary

VA Mortgage – Veterans Administration

Terms to know in real estate.

VA Mortgage

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.

Vested

Definition: To have the rights of ownership. These rights may have delayed indulgence until a future date.

Veterans Administration

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.

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Hi! I’m Maria, the Marketing Coordinator for Homes.com. I am part of a dream team that is dedicated to running this awesome blog along with Homes.com’s social channels. If I am not busy writing blogs and socially sharing for Homes.com, you can find me painting, drinking tea with my friends, and doing DIY projects!

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