Glossary of
Real Estate Terms

Your guide to common closing terms

VA Loans

Available to active-duty members of the military as well as veterans, these loans provide zero-down financing and favorable terms for the purchase of a home. VA loans may be used repeatedly each time the loan recipient sells then purchases a new property.

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Walkthrough

A final walkthrough is part of the standard closing process during a real estate transaction. It ensures that required repairs have been made, that no damage has occurred, and that the home is still in substantially the same condition it was in when the purchase agreement was negotiated.

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