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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 2 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.

Variable Rate Mortgage (VRM)

See Adjustable Rate Mortgage.

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.

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Get your mortgage loan with Unified Financial Group.
We specialize in home mortgage loans and refinance loans. Unified Financial Group can help you consolidate your debt and lower your monthly payments, even if you have less-than-perfect credit. We give you everything you need to get the loan that's right for you. Click apply now to fill out our easy loan request form and a Mortgage Specialist will contact you about your loan options. If you want to do some research on your own, visit our FAQ's page for Mortgage Resources to get definitions and more information.
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