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Real Estate Dictionary: Beresford, Vermillion and Sioux Falls South Dakota home buying, real estate listings, and homes for sale in Union County, SD

Welcome > Resources > Real Estate Dictionary - A

VA guarantee	An insurance contract for which the Veterans Administration (VA) guarantees the lender's recovery of a designated percentage of the loan amount from the insurer in the event that the borrower defaults on the loan
VA loan, or Government mortgage	A mortgage loan available to qualified military veterans which is guaranteed by the Department of Veteran Affairs, usually offering either no down payment or a low down payment
Valuation	The estimated of value of a property
Variable rate mortgage, or Adjusted rate mortgage	A mortgage with interest rates that may fluctuate based on market conditions
Verification of Deposit	A statement signed by the borrower's financial institution that verifies the current balances in the borrower's accounts
Verification of Employment	A statement signed by the borrower's employer that verifies the borrower's current position and salary
Vest	To pass an immediate right on to a person
Vested	Having the right to withdraw a percentage of a fund before its agreed-upon maturity date; e.g., the percentage vested to individuals with retirement funds differs; if someone is 80% vested, that means they can only withdraw 80% of the funds set aside for them until its maturity
Department of Veterans Affairs (VA)	A federal agency that insures residential mortgages made to eligible military veterans, which thereby encourages loans being made to veterans

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Woody Houser, REALTORŽ, real estate agent and broker for Beresford, Vermillion and Sioux Falls South Dakota home listings, property and land for sale - NUMBER1EXPERT(tm)

Woody Houser
Farm and Home Realty, Inc.
711 W. Cedar Street
Beresford, SD 57004
Phone: 605-763-8085
Phone: 605-231-1867
Phone: 605-957-5425
Cell: 605-957-5425
Cell Sx Falls: 605-231-1867
Fax: 605-763-8084
Email: woodyhouser@NUMBER1EXPERT.com
Woody bought his first property in 1985, his first farm in 1990 and his first investment property in 1993. He has bought and sold residential, commercial and farmland every year since 1993. Woody has experience in all aspects of real estate transactions, including inspecting, financing, buying, surveying, selling, and leasing. Woody operates with integrity, professionalism and exceptional personal service. Woody, and his partner and wife, Mindy, with their technical capabilities and intimate knowledge of marketing, which includes the latest Internet technologies, will insure the buying and selling cycles will be quicker, smoother and more profitable for you. So for any real estate need in Sioux Falls and the surrounding area, email or call Woody Houser.

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