VA Loan
A mortgage for veterans and service persons. The loan is guaranteed by the Department of Veterans Affairs (VA) and requires low or no down payment.
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Vacancy Rate
The percentage of all units or space that is not leased, not rented or is unoccupied.
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Vacant Land
Land that is not currently being used.
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Vacate
To move out of a premises.
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Vacation home
A home used by the owners only occasionally or seasonally, primarily for recreational purposes.
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Valid
A document or contract that has legally binding force.
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Vested
Having the right or privilege to use a portion of a fund, such as an individual retirement account (IRA).
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