The Department of Veterans Affairs (VA) is a U.S. government agency responsible for providing vital services to America's veterans, including health care, disability compensation, education, and housing loan benefits.
A nominal fee charged by the Department of Veterans Affairs to those receiving a mortgage guaranteed by the VA, which helps to fund the VA loan program.
A decision by the Department of Veterans Affairs (VA) to pay the guaranteed amount to the lender rather than acquiring the property in foreclosure when a guaranteed loan goes into default. This typically occurs when the property's value has declined significantly.
