VA Loan
A VA Loan is made by a private lender, but is partially guaranteed by the United States Department of Veterans Affairs. |
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Vacancy Factor
Used as a means of measuring income lost due to unoccupied property units, the vacancy factor is expressed as a percentage and is derived by dividing the vacant rental space (or lost rental income) by the total rental space (or total potential gross rental income). |
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Value Analysis
The actual value of a real estate investment in terms of how dependably it may be expected to deliver anticipated future benefits can be quantified through a value analysis (or functional analysis) formula. This is derived by simply dividing an estimate of the present functional value by the actual cost of the investment property. |
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Variable Rate Mortgage
Allowing for adjustment of the interest rate in accordance with the current market base rate, a VRM (also called a floating rate mortgage) may provide better overall value than a fixed or capped rate mortgage. |
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Variance
A board of Zoning Appeals may have the authority to grant or deny permission to improve or develop a specific property in a manner that outside of the scope of current zoning ordinances. |
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Voluntary Lien
Under certain circumstances, a lien may be placed on a property with the permission and cooperation of the legal owner. |
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