What is VA loan?
A mortgage guaranteed by the Department of Veterans Affairs for eligible veterans, service members, and certain surviving spouses; it can allow zero down payment and no monthly private mortgage insurance, though a VA funding fee may apply.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.