VA: Dept. of Veteran Affairs ThatFederal Agency which guarantees home loans made to veterans. A veteran can borrow 100% of the value of real estate and the VA will protect the lender from the 20% of the balance that the lender would normally require the borrower to invest in the property. It is a benefit to veterans for having served their Country. VA ARM loans are the very best ARM loans available.

Variable Interest Rate: See Adjustable Rate Mortgage