Definition of Veteran's Affairs Loan
Orange County VA Loan
A mortgage loan program established by the United States Department of Veterans Affairs to help veterans and their families obtain home financing for up to 100% financing on the value of a home. The Department of Veterans Affairs does not directly originate Orange County, CA VA loans; instead, they establish the rules for those who may qualify, dictate the terms of the mortgages offered and insure VA loans against default. VA loans are insured by departments of the United States government and are securitized by the Government National Mortgage Association (Ginnie Mae).