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- Variable rate An interest rate that changes with fluctuations
in such indexes as the U.S. Treasury bill index.
- Vaulted ceiling An elongated half-cylinder that arches above
the floor.
- Verification of deposit Part of the loan process, in which a
lender will ask a borrower's bank to sign a statement verifying the
borrower's account balances and history.
- Verification of employment Part of the loan process, in which
a lender asks the borrower's employer for confirmation of the borrower's
position and salary.
- Vestibule A small entrance hall or room.
- Veterans Administration (VA) The U.S. Department of Veterans
Affairs operates a variety of programs to help veterans. One of the key
plans it oversees is the VA loan program, which allows most veterans to
purchase a house without a down payment.
- Victorian style An architectural style that dates from the
mid-19th century.
- Vinyl-clad windows Wood windows sheathed in vinyl on the
outside.
- Voluntary lien A lien that a homeowner willingly gives to a
lender.
- VA loans A program that allows most veterans to purchase a
house without a down payment.
- Variable interest rate A loan rate that moves up and down
based on factors including changes in the rate paid on bank certificates
of deposit or Treasury bills.
- Variable rate mortgage A loan with an interest rate that
hinges on factors such as the rate paid on bank certificates and Treasury
bills plus a factor.
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