| VA Guarantee |
| An insurance contract in which the Veterans Administration (VA) insures that the
named lender will recover a specific percentage of the loan amount from the insurer in the event the loan goes bad. |
| Variable Mortgage Rate |
| A loan in which the interest rate fluctuates with the cost of funds or some other index. |
| Vendee |
| A purchaser of real property under land contract. |
| Vendor |
| A seller of real property under land contract. |
| Vest |
| To pass to a person an immediate right or interest. Title may be said to vest in John Smith. |
| Vestee |
| A nonlegal term used by title insurers to indicate the owner of real property in a policy or report. |
