Wholesale Mortgage Services of Wisconsin, LLC.

• Mortgage Calculators
• Mortgage Glossary
• Credit Scores
• Loan Pre-approval
• Purchase Process
• Home Refinance
• Buying a Condominium
• Mortgage Forms
• What Can I Expect
• No Closing Costs
• Mortgage For Beginners
• Mortgage Insurance (PMI)
• Mortgage Rate Commentary

Please click on the letter below to skip to the definition of the word you are looking for.

A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z

V

VA

VETERANS ADMINISTRATION

VA Loan

A long-term, low-or no-down payment loan guaranteed by the Department of Veterans Affairs. Restricted to individuals qualified by military service or other entitlements.

VA Mortgage Funding Fee

A premium of up to 3 percent (depending on the size of the down payment) paid on a VA-backed loan. On a $75,000 30-year fixed-rate mortgage with no down payment, this would amount to $1,406 either paid at closing or added to the amount financed.

Verification of Deposit (VOD)

A document signed by the borrower's financial institution verifying the status and balance of his/her financial accounts.

Verification of Employment (VOE)

A document signed by the borrower's employer verifying his/her position and salary.