Vacation Home: See Second Home
VA Loan: Home loan guaranteed by
the US Veterans Administration, which allows a veteran
to purchase a house with no money down.
Variable Rate Mortgage: See ARM
Verification of Deposit (VOD): A
document from a bank verifying account status and
history.
Verification of Employment (VOE):
A document signed and filled out by the borrower's
employer which acts as proof of his income and employment.
Verification of Mortgage (VOM): A
document verifying a past mortgage for a borrower.
Verification of Rent (VOR): A document
which acts as proof of rent payed to the landlord.
