Definition: A loan guaranteed against default by the borrower by the U. S. Department of Veterans Affairs. VA loans require no down payment and are offered exclusively to United States military personnel who are active, discharged or retired.
At the time of writing, Elizabeth Weintraub, DRE # 00697006, is a Broker-Associate at Lyon Real Estate in Sacramento, California.
Also Known As: GI Loans
Examples:
VA loans often carry lower interest rates than conventional loans.
