Va Loan Guarantees

Definition of "VA loan guarantees"

Home loans backed by the Veterans Administration. The veterans Administration issues a 60% loan guaranty for a sum not to exceed $27,500. The mortgaged home must be a principal residence. VA loans are granted with no down payment to qualified veterans.

Search Real Estate Glossary

Related Real Estate Glossary terms

Alternative Mortgage Instrument (AMI)

Type of mortgage, which is not based on a constant interest rate. ...

Liabilities: Life Insurance Companies

Future benefits to be paid to the policyholders and beneficiaries, assigned surpluses, and miscellan ...

General Lien

A lien against all of the property of a debtor. A general lien may be obtained either through a judg ...

Nonperformance

Failure or refusal to perform a specified action. The failure to fulfill contractually agreed upon t ...

Authorized User

Someone authorized by the original credit card holder to use the holder's card. While authorized use ...

Zoning Hearings

Request of a local government's planning body to alter the zoning requirements based on a justifiabl ...

Related Real Estate FAQ

Should I Pay Extra Each Month?

This calculator figures how much interest savings you will have depending on how much extra you pay ...

What Is A Good Faith Estimate?

A Good Faith Estimate is when a lender must give a prospective homebuyer a written estimate of closi ...

What Do I Need To Know About Pet Insurance?

If you own a pet, i\'m sure you\'ve been in a situation where the vet bills have been much higher th ...

What Type Of Life Insurance Is Right For Me?

A life insurance policy can help enable your family to remain financially if you or your spouse shou ...

What Is An Assumable Mortgage?

A type of purchase in which the buyer assumes the responsibility of making payments on a sellers hom ...

What Are The Benefits Of Liability Insurance?

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews

Agents join here

Add our widget on your Website

Real Estate Advice

Why Use a Real Estate Agent? 5 signs of house foundation problems How to become a real estate agent 7 Tips for a First Time Homebuyer What is Earnest Money

FAQ

What is a sales contract? What do I need to know about Indemnity Insurance? What is a CD? What is an appreciation? What is an escrow officer?