VA Cash-Out Refinance
A VA-guaranteed refinance program that can replace qualifying existing secured debt and may provide eligible cash proceeds, subject to VA and lender requirements.
HELOC EXPERT GLOSSARY
Glossary: V
Browse terms beginning with V and move through the full A–Z home-equity and mortgage glossary.
V
Terms Starting with V
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VA Certificate of Eligibility (COE)
A document establishing a borrower’s basic eligibility for the VA home-loan benefit.
VA Entitlement
The portion of the VA home-loan guaranty benefit associated with an eligible veteran or service member.
VA Funding Fee
A one-time fee required on many VA loans unless an exemption applies under VA rules.
Variable Rate
An interest rate that can change after closing according to the loan terms.
Verification of Mortgage (VOM)
Documentation of mortgage payment history, balance and status supplied by a lender or servicer.
Veterans Certificate of Eligibility (COE)
VA documentation showing a veteran or eligible borrower has qualifying home-loan benefit entitlement information.