Veterans Administration (VA)
From LawDepot Law Library
Definition of "Veterans Administration (VA)"
The Veterans Administration (VA) provides housing mortgage loan insurance to qualified applicants (you have served or are serving in the US military) who get loans from certified lenders in the event of default by the home purchaser. The program allows those who typically would not be able to afford a mortgage to qualify for one because the VA will pay the mortgage in the event of a default.
