Published Last updated
VA Loan Pre-Approval in Florida: Build the Scenario, Then Get Your Letter
Florida sellers move fast, and a VA offer competes best when it arrives with a real pre-approval behind it. Build your purchase scenario below, then send it to a Simply Approved Mortgages Loan Officer who works your entitlement, funding fee, and Florida escrow numbers into a letter you can attach to an offer.
VA loan pre-approval in Florida means a lender reviewed your income, credit, assets, and Certificate of Eligibility and issued a written statement of the loan amount you can likely support, subject to underwriting and an acceptable property. It is not an approval or a commitment to lend. Windstorm, flood, and county tax costs shape the qualifying payment.
- ✓Pre-approval reviews credit, income, assets, and your Certificate of Eligibility.
- ✓It is not an approval or a commitment to lend, and property review still applies.
- ✓Full entitlement generally supports a zero-down purchase within lender parameters.
- ✓The funding fee is a one-time charge that can be financed unless you are exempt.
- ✓Florida windstorm, flood, and county tax figures change the payment used to qualify you.
What this means for you: get your Certificate of Eligibility and two real insurance quotes before you request a letter, so the amount on it survives contact with an actual Florida property.
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.
Florida VA scenario builder
Build your Florida VA purchase scenario
Adjust the inputs and the estimate updates as you type. Funding fee percentages follow the VA schedule effective April 7, 2023; residual income minimums come from the VA Lenders Handbook (VA Pamphlet 26-7), Chapter 4. The tax, insurance, and HOA fields are editable starting estimates for Florida — replace them with real figures for the property you are considering.
Residual income check
VA minimum for a household of 3 in the South region at this loan size: $889 per month. Your scenario leaves roughly $3,344.
This scenario clears the published minimum before underwriting review.
Estimated debt-to-income in this scenario: 45.1%.
Entitlement check
With full entitlement and no outstanding VA loan, VA does not cap the guaranty by county limit, so a zero-down structure is generally possible within lender loan-amount parameters.
Entitlement method: VA Lenders Handbook (VA Pamphlet 26-7). Residual income tables: VA Lenders Handbook (VA Pamphlet 26-7), Chapter 4.
These figures are illustrative estimates generated from the values you entered. They are not a quote, rate lock, offer, or commitment to lend, and they do not include every cost of a transaction. Binding figures appear on your Loan Estimate. Actual terms depend on lender underwriting, the property, your Certificate of Eligibility, and market conditions. Simply Approved Mortgages LLC is not affiliated with, endorsed by, or acting on behalf of the U.S. Department of Veterans Affairs.
Next steps
Send this Florida VA scenario to a Simply Approved Mortgages Loan Officer and it travels with your file — every input and estimate above lands on your client record for review.
Assumptions, methodology, and limitations
Payments use standard fixed-rate amortization from the price, down payment, rate, and term you enter, with the applicable VA purchase funding fee added to the financed amount unless you mark yourself exempt. Taxes, insurance, and HOA are editable starting estimates for Florida, not quoted premiums. Residual income compares estimated remaining monthly income against the published VA South region figure for your household size.
Results are illustrative and are not a quote, lock, offer, or commitment to lend. They do not verify entitlement, credit, or income, do not apply lender-specific pricing or overlays, and do not include every Florida closing charge. Binding figures appear on your Loan Estimate.
Results are illustrative estimates only and are not a quote, lock, offer, or commitment to lend. No rate, APR, or program approval is implied. Binding figures appear on your Loan Estimate. Eligibility, terms, and availability vary by borrower, property, lender, loan program, and state.
Run your scenario with a loan officer
Share your numbers and a Simply Approved Mortgages Loan Officer sends back an estimated payment, estimated cash to close, and the structures that fit your file. Educational only — not a quote, lock, offer, or commitment to lend.
What a Florida VA pre-approval actually covers
A pre-approval is a documented opinion, not a promise. The loan officer collects your income records, reviews credit, verifies assets for closing costs, and confirms your VA entitlement from the Certificate of Eligibility. From that, they issue a letter stating a loan amount and a payment the file supports. Everything remains conditioned on underwriting, an acceptable appraisal, and a property that satisfies VA minimum property requirements. Anyone who tells you a letter guarantees a closing is describing something the mortgage process does not offer.
Why the Florida escrow line drives your number
In most states a pre-approval turns on income and debts. In Florida the insurance and tax figures do a surprising amount of the work. Coastal wind coverage, a separate flood policy where the parcel sits in a FEMA special flood hazard area, and county millage differences can move a monthly payment by several hundred dollars between two homes at the same price. Because that payment is what your debt-to-income and VA residual income are measured against, a letter built on a national placeholder premium can overstate your buying power. Get quotes on real addresses in the county you are shopping.
Entitlement, and when zero down stops being automatic
The VA guarantees part of the loan, which is what allows a no-down-payment structure. Veterans with full entitlement are not capped by a county loan limit for guaranty purposes, so the ceiling comes from lender loan-amount parameters and what your income supports. If another VA loan is still outstanding, or entitlement was not restored after a prior sale, the remaining entitlement can require a down payment. That is a document question, not a guess, and it is settled by reading the Certificate of Eligibility before you shop.
The funding fee and your out-of-pocket cash
Most VA borrowers pay a one-time funding fee, which can be financed into the loan rather than paid in cash. The percentage depends on down payment and whether it is a first or subsequent use of the benefit. Veterans receiving VA compensation for a service-connected disability, and several other categories, are exempt, and that exemption appears on the Certificate of Eligibility. Because VA loans carry no monthly mortgage insurance, the funding fee is usually the main program-specific cost to plan for.
Condominiums, and why they need an early answer
A Florida condominium has to sit in a VA-approved project. Approval status is a project-level fact you can confirm before writing an offer, and it is worth doing early because Florida associations also operate under state structural-integrity and reserve-funding requirements that shape a project's financial picture. Finding out during underwriting that a building is not approved costs you the contract, not just time.
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.
What to have ready when you request the letter
Have your Certificate of Eligibility or your DD-214 or Statement of Service, the last two pay stubs, two years of W-2s or returns if you are self-employed, and recent statements for the accounts holding your closing funds. If you receive VA disability compensation, the award letter matters twice: it supports grossing up non-taxable income and it documents funding fee exemption.
From scenario to letter to contract
Build the scenario on this page, send it over, and a Simply Approved Mortgages Loan Officer reviews the file and issues the pre-approval. When you go under contract, the same file moves into underwriting, the VA appraisal is ordered, and your Loan Estimate and later Closing Disclosure carry the binding figures. Nothing on this page is a quote, lock, offer, or commitment to lend.
Simply Approved Mortgages LLC is a mortgage broker and is not a direct lender. We are not affiliated with, endorsed by, or acting on behalf of the U.S. Department of Veterans Affairs or any government agency. Program rules are set by VA and are subject to change; verify current requirements at VA.gov. All financing is subject to lender underwriting and approval.
What VA pre-approval in Florida actually verifies
A VA pre-approval combines federal VA eligibility rules with Florida-specific transaction realities. These are the pieces that make it up.
| What it is | How it actually works | Published by |
|---|---|---|
| Pre-approval versus pre-qualification | Pre-qualification is a preliminary, less-verified estimate based on self-reported information; pre-approval involves the lender pulling credit and reviewing actual income and asset documentation before issuing a conditional commitment. | Lender program guidelines (vary by investor) |
| COE required before or during pre-approval | A lender pursuing VA pre-approval will pull or request the borrower’s Certificate of Eligibility to confirm entitlement before or during the underwriting review. | U.S. Department of Veterans Affairs, Lender’s Handbook M26-7 |
| VA residual income standard | VA underwriting applies a residual income test, in addition to a debt-to-income calculation, meant to confirm sufficient income remains after major obligations, with residual income thresholds varying by region, family size, and loan amount. | U.S. Department of Veterans Affairs, Lender’s Handbook M26-7 |
| No VA-required down payment | Eligible VA borrowers with sufficient entitlement generally do not need a down payment, though a lender may still require one in specific circumstances tied to entitlement or loan amount. | U.S. Department of Veterans Affairs, Lender’s Handbook M26-7 |
| VA funding fee | Most VA loans include a funding fee, calculated as a percentage of the loan amount and varying by factors including down payment amount, prior VA loan usage, and certain disability-related exemptions. | U.S. Department of Veterans Affairs, Lender’s Handbook M26-7 |
| VA appraisal and Minimum Property Requirements | A VA-appraised property must meet VA’s Minimum Property Requirements for safety, soundness, and sanitation, in addition to establishing market value, before the loan can close. | U.S. Department of Veterans Affairs, Lender’s Handbook M26-7 |
| Florida documentary stamp and intangible tax | A VA loan closing in Florida is still subject to the state’s documentary stamp tax on the note and intangible tax on the mortgage, calculated under Florida’s published rate schedule. | Florida Office of Financial Regulation |
| Florida insurance requirements at closing | A VA-financed Florida property must carry adequate hazard insurance and, where the property sits in a designated flood zone, flood insurance, before the loan can close. | Federal Housing Finance Agency |
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.
Why pre-approval matters more in a competitive Florida market
In many Florida markets, sellers and listing agents receive multiple offers on desirable properties, and a documented pre-approval letter — one built on verified credit, income, and COE review rather than a self-reported estimate — signals to a seller that a VA offer is as serious and executable as any other financing type. VA offers have historically carried an unfair reputation in some markets for being slower or more complicated than conventional financing; a strong, lender-verified pre-approval is one of the most effective ways to counter that perception directly with documentation rather than argument.
The residual income test that many first-time VA borrowers do not expect
Beyond a standard debt-to-income ratio calculation, VA underwriting applies a residual income test — checking that a defined amount of income remains after subtracting the proposed housing payment, other debts, and estimated taxes, based on family size and region. This is a VA-specific safeguard not present in most conventional underwriting, and it means a borrower with a debt-to-income ratio that looks acceptable on paper can still need adjustment if residual income falls short, particularly with a large family or in a higher cost-of-living area. Getting real pre-approval, not just a debt-to-income estimate, is what actually confirms this factor before a Florida buyer starts shopping.
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.
How this applies in Florida and Colorado
Florida. This entire topic is Florida-specific: the pre-approval process itself follows the same federal VA underwriting standards used nationwide, but the realistic total cost picture — documentary stamp tax, intangible tax, and often-elevated windstorm and flood insurance premiums — needs to be built into a Florida VA pre-approval from the start rather than layered on as a surprise later in the transaction.
Colorado. Colorado VA borrowers should review the separate Colorado-specific VA and mortgage resources on this site, since Colorado does not share Florida’s documentary stamp and intangible tax structure or its windstorm insurance dynamics, and the local cost picture for a Colorado VA pre-approval differs meaningfully from Florida’s.
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.
How to get VA pre-approved for a Florida purchase
This is the sequence for building a pre-approval strong enough to compete in a Florida market.
- Obtain your Certificate of Eligibility. Request your COE directly or through a VA-approved lender before or at the start of the pre-approval process.
- Submit full income and asset documentation. Provide paystubs, tax returns if applicable, bank statements, and any other documentation the lender requires for full verification.
- Authorize a credit pull. Full pre-approval, unlike pre-qualification, requires the lender to review actual credit history rather than a self-reported estimate.
- Review the residual income calculation. Confirm with your loan officer that your household meets VA’s residual income standard for your family size and Florida region.
- Get a realistic Florida-specific cost estimate. Ask for an estimate reflecting documentary stamp tax, intangible tax, title costs, and realistic Florida insurance premiums alongside the VA funding fee.
- Receive your pre-approval letter. A verified pre-approval letter, not a pre-qualification estimate, is what strengthens your offer in a competitive Florida listing situation.
- Shop within your confirmed range. Use the verified pre-approval amount, not an optimistic estimate, to guide your Florida property search.
Mistakes that cost people money on this
- Relying on a self-reported pre-qualification estimate instead of a fully verified pre-approval before making an offer.
- Not requesting the Certificate of Eligibility early enough in the process.
- Overlooking VA’s residual income test and assuming a standard debt-to-income calculation is the only qualifying factor.
- Underestimating Florida-specific closing costs and insurance premiums when using VA’s no-down-payment benefit.
- Assuming a VA offer will automatically be viewed as less competitive without providing a strong verified pre-approval to counter that perception.
- Not confirming the property will meet VA’s Minimum Property Requirements before writing an offer on an older Florida home.
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 have or can obtain your VA Certificate of Eligibility.
- You are prepared to provide full income, asset, and credit documentation for a verified pre-approval.
- You want a competitive, documented offer for a Florida market with multiple-offer situations.
Usually not the right move when
- You have not yet confirmed your VA eligibility or obtained a COE.
- You are relying on a rough estimate rather than a lender-verified pre-approval before shopping seriously.
- You have not budgeted for Florida-specific closing costs and insurance beyond the VA funding fee.
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.
VA Loan Pre-Approval by Florida city
Each city guide covers nearby installations, the county conforming limit used for partial entitlement, the state disabled-veteran tax exemption and local cost drivers.
What you can do with this loan
Show a Florida seller that your VA offer is backed by a reviewed file.
Set a realistic price range before you tour homes.
Test how a coastal insurance premium changes your qualifying payment.
Confirm whether entitlement supports a zero-down structure on your file.
Plan the funding fee and closing cash before you are under contract.
Pros & cons — honest tradeoffs
Pros — Pros & cons
- +Zero down payment is generally available with full entitlement.
- +No monthly mortgage insurance on VA financing.
- +Funding fee exemption for veterans receiving VA disability compensation.
- +Residual income underwriting can support strong files that DTI alone would strain.
Cons / watch-outs — Pros & cons
- −A pre-approval is not an approval and can change with underwriting.
- −Florida insurance costs reduce buying power regardless of the loan program.
- −Condominium purchases depend on project-level VA approval.
- −Partial entitlement can require a down payment.
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.
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
Request your COE first
Entitlement and funding fee exemption are answered by the document, not by an estimate.
Quote insurance on real addresses
Wind and flood premiums in Florida change the payment your pre-approval is built on.
Confirm condo approval early
The project must appear on the VA-approved list before you write the offer.
Florida taxes and expenses
What owning in Florida actually costs beyond the loan
Underwriting qualifies you on the full housing payment, not just principal and interest. These are the Florida lines that change that number — each one a published statewide average, not a quote.
Property tax
About 0.79% of value per year statewide (effective rate, Tax Foundation / Census ACS). Escrowed monthly, so it moves your qualifying payment.
Source: U.S. Census Bureau — American Community Survey, owner-cost tables
Homeowners insurance
Average annual premium near $3,600 (NAIC). Wind/hurricane deductible and, in coastal zones, flood insurance are separate from the base policy.
Source: National Association of Insurance Commissioners — Homeowners Insurance Report
Transfer and recording
Florida imposes documentary stamp taxes on both the deed and the mortgage: $0.70 per $100 of the sales price (0.70%) on the deed statewide, plus $0.35 per $100 of the loan amount (0.35%) on the mortgage, plus a 0.002 intangible tax on the note. Fla. Stat. § 201.02 & § 199.133. Miami-Dade uses a slightly different single-family/other schedule. Documentary stamps on the deed and on the note, plus intangible tax on the mortgage.
Source: National Association of Realtors — Real Estate Transfer Tax
Who closes the file
Florida closings are handled by title companies or attorneys; both are common statewide. Total closing costs in Florida average about 1.82% of the sales price.
Source: CFPB / HUD — Your Home Loan Toolkit (settlement cost ranges)
Assistance programs in Florida are administered by Florida Housing Finance Corporation, which sets its own eligibility, income and price limits.
Local cost tools
Run the numbers for Florida
These estimators start from Florida's own published averages — an effective property tax rate near 0.79% of value, homeowners insurance around $3,600 a year, and local transfer and recording practice: Documentary stamps on the deed and on the note, plus intangible tax on the mortgage. Wind/hurricane deductible and, in coastal zones, flood insurance are separate from the base policy. Change any input. 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 (Florida)
- $263/mo
- Homeowners insurance
- $300/mo
- Estimated total monthly
- $2,965/mo
Sources for the Florida seed figures: 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. Taxes are seeded from the Florida effective property tax rate and insurance from the statewide average annual premium; both are editable. Closing costs apply Florida's transfer / documentary-stamp practice (0.70% of price used as the buyer-side seed) plus typical title, recording, appraisal, credit and prepaid escrow lines. They are compared to the Florida statewide average of 1.82% of sales price. 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.
Local market updates
Florida housing market news — latest published data
Published housing and labour statistics for Florida, drawn from federal and industry data feeds and shown with each publisher's own observation date. The dated figures below load from the source series when this page opens. These are published market statistics for context only — not a quote, lock, offer, or commitment to lend.
Data is republished as issued by the source and may be revised by the publisher. Averages and index values describe a market, not an individual file; your own terms depend on documented income, credit, assets, the property and lender underwriting. Simply Approved Mortgages LLC (NMLS #2620881) arranges residential mortgage loans in Florida and Colorado. Equal Housing Opportunity.
Florida VA loan pre-approval questions
Answers to the most common Florida VA loan pre-approval questions, written by licensed loan officers.
Ask SAM anything about mortgages in Florida
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
- U.S. Department of Veterans Affairs — VA home loan process — VA purchase loan process overview.
- U.S. Department of Veterans Affairs — VA Minimum Property Requirements — Property standards a VA appraisal must confirm.
- Florida Department of Revenue — Florida documentary stamp tax — Transaction taxes applicable to a Florida VA closing.
- State of Florida — Florida Office of Financial Regulation — Mortgage broker licensing oversight in Florida.
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.
U.S. Department of Veterans Affairs
VA home loan eligibility and Certificate of Eligibility
U.S. Department of Veterans Affairs
VA funding fee and closing costs
Consumer Financial Protection Bureau
What is a pre-approval and how does it differ from prequalification?
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 VA lending library
This is our Florida page for VA loan pre approval.
What most readers open next
- The VA loan guideBecause entitlement, occupancy, and funding-fee rules in one place.
- VA appraisal and Minimum Property RequirementsBecause MPRs decide whether a property can be financed at all.
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
Florida VA Loans
The full Florida VA program guide behind this pre-approval page.
Read the guide →Guide
Certificate of Eligibility
How to request the document that settles entitlement.
Read the guide →Guide
VA Residual Income
The published minimums used in the scenario builder.
Read the guide →Guide
VA Funding Fee
Current percentages, exemptions, and financing the fee.
Read the guide →Guide
Entitlement Calculator
Model partial entitlement and second-tier scenarios.
Read the guide →Guide
VA Loan Timeline
What happens between contract and closing.
Read the guide →Guide
VA Certificate of Eligibility
How to obtain the entitlement document needed before pre-approval.
Read the guide →Guide
Florida Purchase Mortgages
Broader Florida purchase process guidance across loan types.
Read the guide →Guide
Mortgage Pre-Approval
How pre-approval works generally across all loan programs.
Read the guide →Internal library
Related mortgage guides across our library
Follow the next relevant guide for your scenario.
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.
Tell us about your scenario
The form below is tailored to VA 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.
VA loans allow $0 down for eligible service. Purchase price is enough to size the 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.