Loan Glossary
Plain-English definitions for every term you'll encounter in the loan process
Showing 2 terms
starting with V
V
VA Loan
MortgageA mortgage guaranteed by the U.S. Department of Veterans Affairs for eligible veterans, active-duty service members, and surviving spouses. No down payment required and no PMI.
Value-Add Property
CommercialA commercial property with below-market rents or high vacancy that can be improved through renovation, better management, or lease-up to increase its value and NOI.