Category - Real Estate Glossary - Real Estate Terminology
1. (VA) A department of the federal government that among other activities guarantees loans made to veterans.
2.
Established under the Servicemen's Readjustment Act of 1944. It provides two very helpful housing benefits to servicemen and veterans by guaranteeing a lender's housing loan made to an eligible vet without any down payment requirement and by requiring that the subject property conform to VA's housing standards as determined by an on-site appraisal conducted by an approved VA appraiser.
