| VA Loan |
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| 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 |
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| The percentage of all units or space that is not leased, not rented or is unoccupied. |
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| Vacant Land |
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| Land that is not currently being used. |
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| Vacate |
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| To move out of a premises. |
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| Vacation Home |
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| A home used by the owners only occasionally or seasonally, primarily for recreational purposes. |
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| Valid |
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| A document or contract that has legally binding force. |
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| Vested |
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| Having the right or privilege to use a portion of a fund, such as an individual retirement account (IRA). |
