Glossary of Mortgage Terms

A (14) | B (6) | C (19) | D (8) | E (6) | F (12) | G (5) | H (8) | I (7) | J (2) | K (1) | L (7) | M (12) | N (4) | O (2) | P (11) | Q (1) | R (8) | S (5) | T (8) | U (3) | V (3) | W (2) | Y (1) | Z (1)
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VA loan

See: Veterans Administration.

variable rate mortgage (VRM)

See: adjustable rate mortgage.

Veterans Administration (VA)

The federal agency responsible for the VA loan guarantee 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.