Realty and Mortgage Terms and Definitions
VA Loan - A mortgage for veterans and service persons. The loan is guaranteed by the Department of Veterans Affairs (VA) and requires low or no down payment.
Vacancy Rate - The percentage of all units or space that is not leased, not rented or is unoccupied.
Vacant Land - Land that is not currently being used.
Vacate - To move out of a premises.
Vacation home - Valid
Vested - Having the right or privilege to use a portion of a fund, such as an individual retirement account (IRA).