VIRGINIA NOTARY

AKA — Also Known As
APR — Annual Percentage Rate
ARM — Adjustable Rate Mortgage
BK — Bankruptcy
CAP — Maximum Interest Rate (usually with ARMs)
CC&Rs — Covenants, Conditions and Restrictions
CLTV — Combined Loan To Value (all mortgages)
DBA — Doing Business As
DOB — Date of Birth
DRE — Department of Real Estate
ECOA — Equal Credit Opportunity Act
EHL — Equal Housing Lender
FHA — Federal Housing Authority
FHLMC — Federal Home Loan Mortgage Corporation (referred to as Freddie Mac)
FNMA — Federal National Mortgage Association (referred to as Fannie Mae)
GNMA — Government National Mortgage Association (referred to as Ginnie Mae)
HELOC — Home Equity Line of Credit
HOA — Homeowner’s Association (on financial statement means dues)
HUD — Housing and Urban Development
HUD1 — Final Closing Statement or Settlement Statement
LIBOR — London Interbank Offering Rate (common ARM basis)
LO — Loan Officer
LOE — Letter of Explanation
LTV — Loan to Value (stated as a percentage)
MIP — Mortgage Insurance Premium (insurance for FHA loans)
MTG — Mortgage (or MTGE)
NOD — Notice of Default
NOO — Non-Occupant Owner (or Non-Owner Occupied)
OO — Owner Occupied
PI — Principal and Interest (mortgage payment without Taxes and Insurance)
P&L — Profit and Loss
PERS — Public Employees Retirement System
PITI — Principal, Interest, Taxes and Insurance (all-inclusive mortgage payment)
PMI — Private Mortgage Insurance (for high LTV conventional loans)
Prepay — Prepayment Penalty (a penalty for paying off early)
PTD — Prior to Docs
PTF — Prior to Funding
PTS — Points (loan origination fee)
PUD — Planned Unit Development
REO — Real Estate Owned
SBA — Small Business Administration
SCH A — Schedule A of Tax Returns-Expenses
SCH B — Schedule B of Tax Returns-Interest & Dividends Income
SCH C — Schedule C of Tax Returns-Self-employed Income
SCH D — Schedule D of Tax Returns-Capital Gains or Losses
SCH E — Schedule E of Tax Returns-Rental/Partnership/Trust/S Corp
SFR — Single Family Residence
TIL — Truth in Lending Statement
TO — Title Officer
TRW — A credit reporting repository, now known as Experian
TU — TransUnion, a credit reporting repository
VA — Veterans Administration
VOE — Verification of Employment
VOM — Verification of Mortgage
VOR — Verification of Rent
W2s — Year-end earnings statements from employer
YTD — Year To Date