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| Each letter will take you to a list of financial terms and their meaning. |
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| V |
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Verification of Employment (VOE) Document which is signed by the borrower's employer and which verifies his/her position and salary. |
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Verification of Deposit (VOD) Document which is signed by the borrower's financial institution and which verifies the status and balance of his/her financial accounts. |
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Variable Rate Mortgage See Adjustable Rate Mortgage. |
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VA (Department of Veterans Affairs) Mortgage A government insured loan guaranteed by the Department of Veterans Affairs. It requires very low or no down payments and has generous requirements for qualification. This type of loan is available only to veterans of the armed services (either on active duty or in the reserves) and their spouses. |
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| « Back to Glossary |
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