A complete glossary of VA loan terms: COE, entitlement, MPRs, IRRRL, funding fee, Tidewater, ROV, residual income, and more — explained simply.
A complete glossary of VA loan terms: COE, entitlement, MPRs, IRRRL, funding fee, Tidewater, ROV, residual income, and more — explained simply.
Plain-English definitions of the terms, acronyms, and concepts you will encounter in the VA loan process.
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Educational resource operated by licensed mortgage professionals. Not affiliated with the U.S. Department of Veterans Affairs.
This site provides general education only. Not a loan approval, commitment to lend, rate quote, or government website. This site is operated by licensed mortgage professionals and is not affiliated with the U.S. Department of Veterans Affairs. VA loans are made by private lenders and guaranteed by the Department of Veterans Affairs. Guidelines, lender overlays, and eligibility rules can change. Always verify current guidelines with official VA resources and consult with qualified professionals before making financial decisions.
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