Published Last updated
Family Opportunity Mortgage: Buying a Home for a Parent or Family Member
How this conventional loan option lets a buyer finance a home for an elderly parent or a disabled adult child using owner-occupied terms.
A Family Opportunity Mortgage is a conventional loan option that allows a buyer to purchase a home for an elderly parent or a disabled adult family member and still qualify for owner-occupied pricing and terms, even though the buyer will not live in the home themselves. It follows Fannie Mae and Freddie Mac occupancy-exception guidelines, and eligibility depends on documenting the relationship and the housing need.
- ✓Designed for buyers purchasing a home for an elderly parent or a disabled adult child.
- ✓Allows owner-occupied loan pricing and terms even though the borrower will not live there.
- ✓Follows conventional conforming guidelines set by Fannie Mae and Freddie Mac.
- ✓Requires documentation showing the family relationship and housing need.
- ✓Down payment and credit requirements generally mirror standard conventional owner-occupied guidelines.
What this means for you: you may be able to help a parent or disabled family member into a home without accepting the higher rate and larger down payment typically required for a non-owner-occupied purchase.
Written by
Simply Approved Mortgages Team
Licensed Loan Officers · NMLS# 2620881
Get your personalized scenario summary
Complete the short request and a Simply Approved Mortgages Loan Officer sends back a written summary built from your own numbers: estimated payment breakdown, estimated cash to close, the loan structures that fit your file, and what documentation the file will need.
- Estimated monthly payment with taxes and insurance
- Estimated cash to close for your scenario
- Loan options your profile may fit
- Document checklist for your file
Takes about 3 minutes · Summary shown on screen and emailed to you
Illustration only, generated from the information you enter. Not a rate quote, lock, loan estimate, pre-qualification, offer, approval, or commitment to lend. Figures are subject to credit, income, asset and property review and full lender underwriting; binding numbers appear on your Loan Estimate.
Scenario summary
- Purchase price entered
- $412,000
- Down payment entered
- $20,600
- Estimated loan amount
- $391,400
- Estimated cash to close
- $14,300
- Programs reviewed
- 4
Sample layout with example figures — your own numbers replace these. Simply Approved Mortgages LLC · NMLS #2620881 · Equal Housing Opportunity.
What a Family Opportunity Mortgage is
A Family Opportunity Mortgage is not a separate loan product with its own name on your closing documents; it refers to a conventional loan underwritten using an occupancy exception found in Fannie Mae and Freddie Mac guidelines. Ordinarily, a home you do not personally occupy is classified as a second home or investment property, which typically comes with a larger down payment requirement and a higher interest rate. This exception allows certain family-purchase scenarios to be treated as owner-occupied instead.
Who this option is designed for
The exception generally applies in two scenarios: a buyer purchasing a home for an elderly parent who cannot qualify for financing on their own, or a buyer purchasing a home for a disabled adult child or other disabled family member. The underlying goal is to make it more affordable to house a family member who needs the arrangement, without forcing the buyer into investment-property pricing.
How owner-occupied pricing benefits the buyer
Because the transaction is treated as owner-occupied, the buyer may qualify for a lower minimum down payment and generally more favorable pricing than a second-home or investment-property loan would carry. This can make a meaningful difference in both the upfront cash needed and the ongoing monthly payment compared to standard non-owner-occupied financing.
Documentation and eligibility considerations
Lenders underwriting this exception will look for documentation supporting the family relationship and, in the case of an elderly parent, evidence that the parent cannot qualify for a mortgage on their own due to insufficient income. For a disabled family member, documentation may focus on the nature of the disability and why the arrangement is necessary. Because these are conforming guidelines with underwriter discretion involved, the exact documentation expected can vary by file.
Credit, income, and down payment requirements
The buyer’s own credit and income are used to qualify for the loan, since they are the borrower on the mortgage even though they will not occupy the home. Down payment and credit score requirements generally track standard conventional owner-occupied guidelines, which are typically more flexible than what is required for a second home or investment property.
Want these numbers built around your file?
A short request is all it takes to get a written scenario summary back from a Simply Approved Mortgages Loan Officer. Binding figures appear on your Loan Estimate.
How this differs from a standard second home loan
A standard second home loan generally requires a higher down payment and carries pricing that reflects the added risk lenders associate with non-owner-occupied properties. The Family Opportunity Mortgage exception exists specifically because Fannie Mae and Freddie Mac recognize that housing a parent or disabled family member is a different circumstance than purchasing a vacation home or rental property.
How this differs from co-borrowing with a parent
Some buyers instead consider adding the parent or family member as a co-borrower on a standard owner-occupied loan where the parent will live. The Family Opportunity Mortgage approach is different because the purchasing buyer does not need to live in the home at all, and the family member does not need to be a co-borrower on the loan, which can simplify qualification when the family member has limited or no qualifying income.
Planning ahead with your loan officer
Because this involves a specific guideline exception rather than a standard purchase, it is worth discussing your exact family situation early, including the parent’s or family member’s income and health circumstances, so your file can be documented correctly from the start.
How a Simply Approved Mortgages Loan Officer helps
A Simply Approved Mortgages Loan Officer can review whether your situation fits the Family Opportunity Mortgage occupancy exception, help identify the documentation an underwriter will expect, and compare the numbers against a standard second-home purchase so you understand the potential savings.
Any rate, payment, or down payment figures discussed are general and illustrative, not a quote, lock, offer, or commitment to lend; your actual terms will appear on your Loan Estimate.
How Family Opportunity Mortgage financing actually works
Family Opportunity financing lets a purchase for a parent or a disabled or elderly adult child be underwritten at owner-occupied pricing terms even though the buyer will not live there. These are the rules that govern it.
| What it is | How it actually works | Published by |
|---|---|---|
| What the program is | Fannie Mae and Freddie Mac both permit a home purchased for a parent, grandparent, or a child with a disability to be treated as owner-occupied for underwriting purposes, even though the borrower on the loan will not occupy it. | Fannie Mae Selling Guide |
| Eligible relationship and circumstance | Fannie Mae’s version covers a parent or legal guardian buying for a disabled adult child who cannot qualify on their own, and a child buying a home for an elderly parent who cannot otherwise afford it. Freddie Mac’s comparable option covers similar family-support purchases. | Fannie Mae Selling Guide |
| Why the classification matters | Occupancy classification drives pricing adjustments, minimum down payment, and reserve requirements. Treating the purchase as a second-home or investment purchase would carry different loan-level pricing and equity requirements than an owner-occupied purchase does. | Fannie Mae Selling Guide |
| Underwriting still qualifies the actual borrower | The person signing the note must qualify using their own income, credit, and assets under standard guidelines; the relative living in the home is not a co-borrower unless independently added and qualified. | Fannie Mae Selling Guide |
| Property type limits | Eligible transactions are generally limited to one-unit principal residences for this purpose; the program is not a vehicle for financing a multi-unit rental under owner-occupied terms. | Fannie Mae Selling Guide |
| Distance and hardship documentation | Lenders may require a letter explaining the family circumstance and, for the disabled-child scenario, why the child cannot qualify independently; specific documentation is set by each investor’s overlay. | Lender program guidelines (vary by investor) |
| This is a conventional program, not a government loan | Family Opportunity purchases are underwritten under conventional agency guidelines; they are not FHA, VA, or USDA products, though some lenders separately allow non-occupant co-borrowers on those programs under different rules. | U.S. Department of Housing and Urban Development, Handbook 4000.1 |
| Ability-to-repay still applies | Because the loan is consumer mortgage credit secured by a dwelling, the lender must make a reasonable, good-faith determination of the actual borrower’s ability to repay. | Consumer Financial Protection Bureau, Regulation Z ability-to-repay rule (12 CFR 1026.43) |
Program parameters above are published by the agencies and enterprises named in the right-hand column and can change. They describe program rules, not an offer; eligibility, terms, conditions, and availability vary by borrower, property, lender, loan program, and state, and all loans are subject to lender underwriting and approval.
Check where pricing sits before you decide
Review current rate context, then start a request so your own credit, income, and property details drive the numbers. Illustrative only — not a quote or commitment to lend.
Why this program exists and who it was built for
Standard mortgage underwriting treats a home you will not live in as a second home or an investment property, both of which typically carry higher down payment expectations and different pricing than a primary residence. That distinction makes sense for most buyers, but it creates a real problem for families: an adult child who wants to buy a home near their care team for an aging parent, or a parent who wants to buy a home for a adult child with a disability, is not speculating on real estate. They are solving a housing need for a family member who cannot solve it alone.
Fannie Mae and Freddie Mac each carved out this narrow exception so that a family-support purchase is not penalized the way an arm's-length rental purchase would be. The home still has to be the relative's actual residence, and the loan still has to be repaid by whoever signs it.
What underwriting looks like in practice
The purchasing family member applies as the borrower and is qualified on their own income, credit, debts, and assets, exactly as they would be for a home they intended to live in themselves. The lender then documents the family relationship and the circumstance — a parent's age and financial limitation, or an adult child's disability and inability to qualify independently — to support classifying the transaction as owner-occupied rather than second-home or investment.
Because the borrower will not occupy the property, some lenders ask for additional context: proof of the family relationship, a letter of explanation, or documentation of the relative's income limitations. None of that changes who repays the loan. The buyer's debt-to-income ratio, credit profile, and reserves still have to satisfy standard agency guidelines for the loan amount requested.
Whose income and credit actually get underwritten
The relative moving into the home does not need to qualify. The person on the note does, using the same evidence any owner-occupant borrower would provide.
| Type of income or evidence | How it is documented | Why it works for this product |
|---|---|---|
| Purchasing borrower’s employment or self-employment income | Pay stubs, W-2s, and tax returns, or two years of returns and a profit-and-loss statement if self-employed. | The borrower on the note repays the loan and must be qualified on standard agency income documentation. |
| Purchasing borrower’s assets and reserves | Bank and investment statements covering the required period, sourced and seasoned per agency guidelines. | Reserves and down payment funds must belong to the actual borrower, not the relative moving into the home. |
| Family relationship documentation | A letter of explanation and, where applicable, evidence of the relative’s disability or limited financial means. | This is what supports classifying an otherwise non-owner-occupied purchase as owner-occupied under the program. |
| Relative’s income (not typically required) | Generally not documented for qualifying purposes. | The relative is not a borrower on the loan and is not relied on to repay it. |
Documentation requirements vary by lender, program, and file. The list above describes what underwriting commonly accepts, not a determination about your income or your approval.
Family Opportunity financing versus the other ways to help a relative buy
A few structures accomplish similar goals with different tradeoffs on ownership, liability, and pricing.
| Option | Usually the better choice when | What you give up |
|---|---|---|
| Family Opportunity Mortgage | You are buying a primary residence for a parent or disabled adult child and want owner-occupied terms. | You alone qualify and repay; the relative has no ownership stake unless separately added to title. |
| Adding the relative as a co-borrower | The relative has some qualifying income or credit and you want shared ownership. | The relative’s income and debts are underwritten too, which can help or hurt approval. |
| Buying as a second home | The relationship or circumstance does not meet the program’s eligibility criteria. | Second-home pricing and down payment requirements typically apply, and the property cannot be the buyer’s own residence. |
| Buying as a straight investment property | The relative will pay market rent and the arrangement is closer to a landlord-tenant relationship. | Investment-property down payment, pricing, and rental-income documentation rules apply. |
How this applies in Florida and Colorado
Florida. Florida buyers using this program often relocate a parent closer to family or medical care in the state; documentary stamp tax on the note and intangible tax on the mortgage apply the same as on any conventional purchase, and condominium purchases add the association questionnaire and, for many buildings, milestone inspection and reserve-study disclosures required under Florida condominium law.
Colorado. Colorado buyers frequently use this program to house a parent near Front Range medical systems or to buy in a mountain community for a family member; HOA and metropolitan district disclosures still apply to the purchase regardless of the owner-occupied classification, and the buyer should review those documents before waiving any contingency.
Simply Approved Mortgages LLC arranges residential mortgage loans in Florida and Colorado, so the two applications above are the ones we can act on for a consumer file. Business-purpose loan products may be arranged in additional states only where permitted by applicable law and pursuant to applicable licensing requirements or exemptions.
Get a written summary of your options
Tell us the scenario you are working on and a Simply Approved Mortgages Loan Officer reviews it against real program guidelines, with no obligation.
How a Family Opportunity purchase typically moves
The mechanics resemble a standard purchase; the difference is in how occupancy and the family circumstance get documented.
- Confirm eligibility with a lender. Explain the relationship and circumstance up front so the loan officer can confirm the transaction fits the agency’s eligible scenarios before you go under contract.
- Get the purchasing borrower fully qualified. Submit income, asset, and credit documentation for the person who will sign the note, using the same standards as any owner-occupied purchase.
- Document the family circumstance. Provide the letter of explanation and any supporting documentation the lender requires to support the owner-occupied classification.
- Order the appraisal and complete standard underwriting. The property is appraised and underwritten like any one-unit primary residence purchase; occupancy classification does not change the property standards.
- Close and have the relative move in. The relative’s occupancy is what supports the classification, so plan for them to occupy the home as their residence at or shortly after closing.
Mistakes that cost people money on this
- Assuming the relative moving in can qualify instead of the actual purchasing borrower.
- Not disclosing the true occupancy plan and later having a lender or investor flag the loan as an occupancy misrepresentation.
- Overlooking that reserves and down payment funds must be sourced from the purchasing borrower, not the relative.
- Confusing this conventional program with FHA or VA non-occupant co-borrower rules, which have different requirements.
- Failing to document the disability or financial hardship element required for the adult-child scenario.
- Assuming the program works for a multi-unit or rental-intent purchase rather than a single-family residence for the relative.
Is this the right move for your situation?
The honest answer depends on the file. These are the patterns we see on both sides.
Usually a good fit when
- You want to buy a home for a parent, grandparent, or disabled adult child who cannot qualify on their own.
- You can independently qualify for the loan using your own income, credit, and assets.
- The property will be the relative’s actual, ongoing residence.
- You want owner-occupied pricing terms rather than second-home or investment terms.
Usually not the right move when
- The relative could qualify on their own and simply needs a co-signer.
- The property is intended as a rental generating market rent rather than family housing.
- The relationship or circumstance does not match either program’s eligible scenarios.
- You are not prepared to document the family circumstance in detail.
None of this is a determination about your file. A Simply Approved Mortgages Loan Officer can run your actual numbers and show you what your disclosures would say.
What you can do with this loan
Help an elderly parent move into housing they could not qualify to finance alone.
Purchase a home for a disabled adult child or family member.
Avoid the higher down payment typical of second-home financing.
Access owner-occupied pricing while living in a separate primary residence yourself.
Explore an alternative to co-borrowing with a family member on their own home.
Pros & cons — honest tradeoffs
Pros — Pros & cons
- +Potentially lower down payment than a standard second-home purchase.
- +Owner-occupied pricing rather than investment or second-home terms.
- +Buyer qualifies using their own income and credit.
- +Family member does not need to be a co-borrower on the loan.
- +Can make housing a parent or disabled family member more financially attainable.
Cons / watch-outs — Pros & cons
- −Requires documentation proving the family relationship and need.
- −Underwriter discretion means not every file is treated identically.
- −Buyer remains fully responsible for the mortgage payment.
- −Not available for every family situation outside the elderly-parent or disabled-family-member scenarios.
- −Buyer will not live in the home, which some may find limits their own housing flexibility.
Compare loan officer compensation on your mortgage quote
Loan officer compensation is part of the cost of a mortgage. On eligible residential loans, Simply Approved Mortgages generally uses 1.5% lender-paid compensation. Enter the compensation shown on another lender's Loan Estimate to see the difference in dollars.
Compensation difference on this illustration: $3,750.
How lower compensation can help you
When less compensation is built into pricing, there can be room for a lower interest rate, which may lower your monthly payment.
Depending on the rate you choose, pricing can sometimes include a lender credit toward third-party closing costs, so you may bring less cash to closing.
A lower rate means a lower monthly payment, which can lower your debt-to-income ratio and may help you qualify for more home on the same income.
As a mortgage broker we compare pricing from wholesale lenders instead of offering a single bank’s retail pricing.
Tip: On page 2 of your Loan Estimate, look at Section A, "Origination Charges." If the lender pays the loan officer, that compensation usually does not appear there as its own line; it is built into the interest rate. That is why comparing the rate and any lender credits side by side matters.
Already have a Loan Estimate from another bank or broker? Share it with a Simply Approved Mortgages Loan Officer, who will compare the rate, fees and credits side by side with options we can arrange. No cost to request a review.
Illustration only — not a quote, lock, offer, or commitment to lend; binding figures appear on your Loan Estimate. Lender-paid compensation is paid by the lender, not directly by you, and is part of the loan's pricing, so the loan is not free of costs. A lower compensation figure does not by itself guarantee a lower rate or lower closing costs; individual results vary by credit, loan type, property and market conditions. Residential lending in FL and CO only. Simply Approved Mortgages LLC · NMLS #2620881 · Equal Housing Opportunity.
Worked example
How this loan actually works — a full example
An adult child wants to buy a home for their elderly parent, who cannot qualify for financing on a fixed income alone.
Inputs
- Illustrative home price
- $275,000
- Standard second-home down payment
- 10% or more
- Family Opportunity Mortgage down payment
- Owner-occupied minimum
Calculation
- 1Step 1The adult child confirms the parent cannot qualify for the mortgage independently due to limited income.
- 2Step 2The adult child applies as the borrower, using their own income and credit to qualify.
- 3Step 3The loan is documented and underwritten using the Family Opportunity Mortgage occupancy exception rather than second-home guidelines.
- 4Step 4If approved, the loan closes with owner-occupied pricing and down payment terms instead of second-home terms.
In this illustrative scenario, the adult child may access a lower down payment and more favorable pricing than a standard second-home purchase would allow, though exact terms depend on underwriting.
Illustrative only — not a quote, lock, offer, or commitment to lend. Binding figures appear on your Loan Estimate.
Purchase market update
What buyers should know this month
30-Yr Fixed · national avg
—
Loading PMMS…
15-Yr Fixed · national avg
—
Loading PMMS…
2026 buying power
Conforming baseline: $832,750
FHA floor / ceiling: $541,287 – $1,249,125
Owner-occupied pricing
Buy a home for a parent or disabled family member without second-home or investment pricing.
Conventional guideline exception
Based on Fannie Mae and Freddie Mac occupancy rules, not a standalone loan program.
Documentation matters
You will need to document the family relationship and housing need for underwriting.
Cost and payment tools
Run your payment, affordability, closing cost and refinance numbers
Monthly payment, affordability, closing costs, refinance break-even and early payoff, all on one screen. This page is not written for one state, so property tax, insurance and transfer or recording charges start at neutral placeholder assumptions rather than published averages — Transfer, documentary-stamp and recording charges are set by your state and county — enter your own figure, or open the state page for a sourced seed. Insurance and tax assumptions vary widely by state, county and property, so replace these starting values with quotes for your address. Every figure is an illustrative estimate, not a quote, lock, offer, approval, or commitment to lend.
Your inputs
Estimated result
- Down payment
- $20,000
- Loan amount
- $380,000
- Principal & interest
- $2,402
- Property tax
- $333/mo
- Homeowners insurance
- $167/mo
- Estimated total monthly
- $2,902/mo
Reference sources: Tax Foundation — property taxes paid as a percentage of owner-occupied housing value, NAIC — Homeowners Insurance Report, CFPB — Understanding your Loan Estimate.
Assumptions, methodology, and limitations
Principal and interest use the standard amortization formula on the loan amount you enter. This page does not target a single state, so the property tax and insurance fields start at neutral placeholder assumptions rather than published averages — replace them with figures for your own address, or open the matching state page for sourced seeds. Closing costs apply your state's transfer / documentary-stamp practice (0.00% of price used as the buyer-side seed) plus typical title, recording, appraisal, credit and prepaid escrow lines. Refinance break-even divides your entered costs by the monthly payment difference. Early payoff runs a month-by-month amortization with your extra principal.
These tools do not include mortgage insurance, funding or guarantee fees, HOA special assessments, flood or windstorm premiums, seller credits, lender credits, discount points, or county and municipal charges specific to your parcel. Statewide averages will not match any individual property. Figures are estimates only.
Illustrative only. Binding figures appear on your Loan Estimate, and terms vary by borrower, property, lender, program, and state.
Turn these estimates into real numbers
Send your scenario to a Simply Approved Mortgages Loan Officer and get a written summary back, or compare where rates sit today. Educational only — not a quote, lock, offer, approval, or commitment to lend.
Family Opportunity Mortgage FAQs
Answers to the most common family opportunity mortgage questions, written by licensed loan officers.
Ask SAM anything about mortgages
SAM is the Simply Approved Mortgages AI assistant. It answers general questions using the reviewed guides published on this site and links you to the primary government source. It is educational only — it does not quote a rate, payment, APR, approval or commitment to lend. A Simply Approved Mortgages Loan Officer reviews every scenario before any terms are confirmed.
Hi, I'm SAM — an AI assistant for Simply Approved Mortgages. I can explain loan programs, closing costs, DTI, down payments and which calculator or guide to use. I'm not a licensed loan officer, and nothing here is a quote, approval or commitment to lend.
Ask Sam AI provides general educational information only. It is an automated assistant, may be incomplete or out of date, and does not provide legal, tax or financial advice. Nothing it produces is a rate quote, APR, pre-approval, offer or commitment to lend. Never share a Social Security number, ITIN, date of birth, account number or password in chat. Simply Approved Mortgages LLC (NMLS #2620881) arranges residential mortgage loans in Florida and Colorado. Eligibility, terms, conditions and availability vary by borrower, property, lender, loan program and state, and all loans are subject to lender underwriting and approval. Equal Housing Opportunity.
Sources & Citations
- Fannie Mae — Fannie Mae Selling Guide, occupancy types — Owner-occupied classification for family-support purchases.
- Freddie Mac — Freddie Mac Single-Family Seller/Servicer Guide — Comparable family-purchase occupancy provisions.
- Consumer Financial Protection Bureau — CFPB: Ability-to-repay and Qualified Mortgage rule — Underwriting obligation on the actual borrower.
- State of Florida — Florida Department of Revenue: documentary stamp tax — Closing costs on Florida real estate transfers.
- State of Colorado — Colorado Division of Real Estate — Real estate transaction disclosures in Colorado.
Sources: government and agency publications listed above. Simply Approved Mortgages LLC is not affiliated with, endorsed by, or sponsored by HUD, FHA, VA, USDA, or any government agency. Program rules change; the published source text governs.
Trusted government resources
These independent government resources can help you research mortgage programs, rates, and your rights before you apply.
Simply Approved Mortgages is not affiliated with HUD, the CFPB, the FTC, the VA, or any other government agency. Links are provided for your independent verification.
How this page connects
Where this fits in the conventional and agency lending library
This page sits inside our Conventional and agency lending coverage.
What most readers open next
- Conforming loan limitsBecause the ceiling that separates conforming from jumbo.
- How PMI worksBecause anything under 20% down carries it until it cancels.
- HomeReady low-down-payment financingBecause the income-eligible 3% down option.
- FHA versus conventionalBecause the comparison most buyers actually need.
Explore the full guide
Keep reading — the rest of the buying playbook
Each of these is a deep-dive on one piece of the purchase mortgage process. Bookmark whichever you need next.
Guide
Conventional Loans
See standard conventional guidelines this exception builds on.
Read the guide →Guide
Buying a Second Home
Compare standard second-home financing terms.
Read the guide →Guide
FHA HECM Reverse Mortgage
Another option for elderly homeowners to consider.
Read the guide →Guide
Credit Score to Buy a House
Understand how your credit affects qualification as the buyer.
Read the guide →Guide
Mortgage Pre-Approval
Get pre-approved before searching for a home for your family member.
Read the guide →Guide
Conventional loan overview
See how standard agency underwriting works outside the Family Opportunity exception.
Read the guide →Guide
Down payment assistance options
Compare assistance programs a purchasing family member might combine with this financing.
Read the guide →Guide
Self-employed income documentation
If the purchasing borrower is self-employed, see how that income gets documented.
Read the guide →Internal library
Related mortgage guides across our library
Follow the next relevant guide for your scenario.
Purchase mortgages
Buying a home
Start My Approval
Complete this short request and a Simply Approved Mortgages Loan Officer will personally review your scenario. The form only asks what your program actually needs. Submitting it is not an application for credit and is not a commitment to lend.
What are you looking to do?
Pick one — the form adapts.Pick a loan type
Programs for buying a home.Conventional loan — 3–20% down · 620+ FICO
Tell us about your scenario
The form below is tailored to Conventional loan — only the questions and documents your program needs.
Simply Approved Mortgages LLC is licensed to arrange residential mortgage loans in Florida and Colorado only. We ask first so we never collect a mortgage inquiry we are not licensed to act on.
Purchase price and down payment help us size the conforming loan.
A range is enough here — no credit report is pulled and your credit is not affected.
Illustrative estimate only — not a quote, rate lock, offer of credit, or commitment to lend.
Submitting this form is not an application for credit and is not a commitment to lend. No credit report is pulled at this step.
Follow our reporting
Add Simply Approved Mortgages as a preferred source on Google
We update these guides as HUD, FHFA, VA, USDA and CFPB publish new figures. If you want our updates to show up more often when you search Google, you can mark us as a preferred source from the Top Stories carousel:
- 1Sign in to your Google account and search a mortgage topic such as "mortgage rates".
- 2Select the icon next to "Top stories" to open the preferred sources panel.
- 3Search for Simply Approved Mortgages, tick the box, and save.
Preferred sources is a Google Search feature controlled entirely by you and by Google. Simply Approved Mortgages LLC (NMLS #2620881) does not control search results and makes no representation about how or whether our content will appear. Educational content only — not a quote, lock, offer, or commitment to lend.
Simplify Your Mortgage Journey with These Resources
Talk To A Loan Officer
A Simply Approved Mortgages Loan Officer will personally connect with you to walk through your options.
Mortgage insights & guides
Plain-language articles to help you understand the home loan process, save on closing costs, and make confident decisions.
7 things every first-time homebuyer should know before applying
From credit prep to down payment assistance, here’s how to walk into your first mortgage application with confidence.
Using your VA loan benefit: a step-by-step guide
Eligibility, the Certificate of Eligibility, funding fees, and how to maximize zero-down purchasing power.
Where your closing costs actually go (and where you can save)
A line-by-line breakdown of the Loan Estimate and the fees that are negotiable versus fixed.
Equal Housing OpportunityMortgage Broker — Not a LenderNMLS ID# 2620881NMLS Consumer AccessFlorida Mortgage Broker License #MBR7685Colorado Mortgage Company RegistrationLicensing & Disclosures
Simply Approved Mortgages LLC | NMLS #2620881
Florida Branch Office (Miami, FL) | Branch NMLS #2688012
Florida Mortgage Broker License #MBR7685 | Colorado Mortgage Company Registration
Business Phone: (877) 813-7219
Equal Housing Opportunity
Broker identification. Simply Approved Mortgages LLC is a mortgage broker and is not a direct lender. We arrange residential mortgage loans with third-party wholesale lenders and do not make the lender's final credit decision or fund the loan. We arrange residential mortgage loans in Florida and Colorado. Business-purpose mortgage products may be arranged in additional states only where permitted by applicable law and pursuant to applicable licensing requirements or exemptions.
Credit and program terms. All loans are subject to lender credit approval, underwriting, acceptable appraisal or valuation when required, title review, insurance, and supporting documentation. Eligibility, programs, rates, APRs, points, lender credits, fees, payments, terms, loan amounts, down-payment requirements, mortgage insurance, and availability may vary based on borrower, property, occupancy, credit profile, loan-to-value ratio, debt-to-income ratio, lender, loan program, and state and may change without notice. Not all applicants, properties, products, or programs will qualify or be available in every state. Nothing on this site constitutes a loan approval, rate lock, offer, commitment to lend, guarantee of approval, or guarantee of terms or closing.
Rates, payments and calculators. Rates, APRs, payments, down payments, loan amounts, home values, estimated equity, savings, affordability estimates, closing costs, and other calculator or scenario results displayed on this site are estimates or illustrations unless expressly stated otherwise. Actual loan terms may differ. Taxes, homeowners insurance, mortgage insurance, association dues, lender charges, broker compensation, discount points, third-party charges, and other costs may apply. Advertised rates, payments, APRs, down payments, and other credit terms are subject to the assumptions and disclosures presented with the applicable advertisement. Applicable loan terms and disclosures will be provided as required for the particular transaction.
Mortgage products. FHA, VA, USDA, conventional, jumbo, non-QM, HELOC, reverse mortgage, down-payment-assistance, investment-property, DSCR, and other mortgage products referenced on this site are subject to their individual eligibility, underwriting, property, occupancy, and program requirements. Product availability varies by lender and jurisdiction. References to a mortgage product or program do not constitute a determination that a borrower or property qualifies.
Government-backed programs. Government-backed or government-insured mortgage programs referenced on this site may be subject to requirements established by the applicable government agency in addition to lender requirements. Government insurance or guaranties generally protect participating lenders against certain losses and do not constitute a guarantee of borrower approval.
Business-purpose products. DSCR, investment-property, and other business-purpose mortgage products referenced on this site are intended for qualifying business-purpose transactions. Business-purpose loans may be subject to different requirements and protections than consumer-purpose residential mortgage loans. Borrowers are responsible for accurately disclosing property occupancy and intended use.
Down payment assistance. Down payment or closing-cost assistance programs referenced on this site may be administered by governmental entities, housing finance agencies, nonprofit organizations, lenders, or other third parties. Program availability, funding, assistance amounts, eligibility requirements, repayment or forgiveness provisions, and other terms vary and may change or become unavailable without notice. Listing or referencing a program does not guarantee funding, eligibility, or mortgage approval.
Government affiliation. Simply Approved Mortgages LLC is not a government agency and is not affiliated with, acting on behalf of, sponsored by, or endorsed by HUD, FHA, VA, USDA, or any other federal, state, or local government agency. References to government agencies, programs, benefits, data, forms, or resources are provided for informational purposes and do not imply government sponsorship or endorsement of Simply Approved Mortgages LLC.
Fair lending. Equal Housing Opportunity. Simply Approved Mortgages LLC conducts business in accordance with applicable federal and state fair-housing and equal-credit-opportunity laws and does not discriminate on any prohibited basis.
No professional advice. Content on this site is educational and general in nature and is not legal, tax, accounting, financial, investment, estate-planning, or individualized government-benefits advice. Consumers should consult appropriate qualified professionals regarding their individual circumstances.
Third-party content. References or links to government agencies, lenders, assistance programs, products, services, or other third-party websites are provided for informational purposes or convenience. Simply Approved Mortgages LLC does not control and is not responsible for third-party content, availability, accuracy, or privacy practices.
NMLS Consumer Access: Verify Simply Approved Mortgages LLC, NMLS #2620881.
Simply Approved Mortgages LLC, 633 W 5th St, Ste 2600, Los Angeles, CA 90071 · 877-813-7219 · support@simplyapprovedmortgages.com. State licensing details available at the NMLS Consumer Access link above. © 2026 Simply Approved Mortgages LLC.