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.

Variable rate mortgage - See adjustable rate mortgage

Verification of deposit - A document signed by the borrower's financial institution verifying the status and balance of his/her financial accounts.

Verification of employment - A document signed by the borrower's employer verifying his/her position and salary.