Definition
VA Loan
A loan guaranteed by the Department of Veterans Affairs for eligible service members and veterans, offering zero down payment and no monthly mortgage insurance.
Nearby terms
Underwriting
The process of evaluating a borrower and property against programme guidelines to decide whether to make the loan.
USDA Loan
A government-guaranteed loan offering no down payment in eligible rural and suburban-fringe areas, subject to income limits.
Warranty Deed
A deed in which the seller warrants they hold clear title and will defend against claims.
Wire Fraud
The interception or spoofing of closing wire instructions to divert funds.
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