(See VA, Veterans Administration).
Loans that are insured by the Veterans Administration and are available to qualified and eligible veterans (usually 120 days of active duty in the armed forces qualifies). This loan program can provide up to 100% of the acquisition funds for a home loan.
Analyzed by and approval granted by Veterans' Administration. Also called VA loan. Only eligible veterans may apply. Veterans' Administration guarantees a portion of the loan to the lender against loss.
Nickname for a mortgage loan guaranteed by the VA.
