Get easy to understand definitions for common mortgage terms from the Mortgage Insider. In our glossary, we define the word, tell you about in industry usage, and usually give an example so you can fully and easily understand not just the meaning but the function of the word.
VA Mortgage
VA Mortgage Defined
A VA mortgage is a mortgage only for veterans underwritten to guidelines established by United States Department of Veterans Affairs and insured by Ginnie Mae. VA mortgages do not require any down payment. However, there is a substantial funding fee the veteran pays upfront.
VA mortgage broker approval is a [...]
