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Real Estate Glossary V
By FrontDoor.com | Published: 11/01/2007
V
VA loan -- A long-term, low- or no-down-payment loan guaranteed by the Department of Veterans Affairs restricted to those qualified by military service or other entitlements.
VA mortgage funding fee -- A premium of up to 1-7/8 percent (depending on the size of the down payment) paid on a VA-backed loan.
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