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VA loans · U.S. Department of Veterans Affairs

VA Loans 2026: Home Financing for Veterans and Service Members

The 2026 VA loan guide from Simply Approved Mortgages LLC (Company NMLS# 2620881). Entitlement rules, no monthly mortgage insurance, VA funding fee schedule per 38 U.S.C. § 3729, and full VA entitlement under the Blue Water Navy Vietnam Veterans Act. We are not affiliated with the Department of Veterans Affairs — official program rules and fees should be verified on VA.gov.

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Quick answerSummary

A VA loan is an earned benefit that lets eligible veterans, active-duty service members, and qualifying surviving spouses buy a home with no down payment and no monthly mortgage insurance. A one-time VA funding fee applies unless you are exempt through a service-connected disability rating. Simply Approved Mortgages is not affiliated with the VA or any government agency.

  • ✓0% down for full-entitlement Veterans, active-duty service members, and eligible surviving spouses
  • ✓No monthly PMI or MIP — VA guaranty replaces mortgage insurance
  • ✓One-time VA funding fee 2.15% first use / 3.30% subsequent use at 0% down (38 U.S.C. § 3729); waived for VA-disability-compensated Veterans
  • ✓No VA loan limit for full-entitlement Veterans since the Blue Water Navy Act (P.L. 116-23, effective Jan 1, 2020)
  • ✓VA sets no minimum FICO; lender overlays typically start at 580–620
  • ✓Up to 4% seller concessions (VA Lender's Handbook M26-7 Ch. 8)
  • ✓Primary residence only; VA appraisal enforces Minimum Property Requirements

What this means for you: Your Certificate of Eligibility drives every VA decision that follows — pull it early, then have a Simply Approved Mortgages Loan Officer model your funding-fee tier and total cost against FHA and conventional.

SA

Written by

Simply Approved Mortgages Team

Licensed Loan Officers · NMLS# 2620881

12 min read·Independently researched · No paid product placement
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Get your VA Loans 2026 scenario summary

Complete the short request and a Simply Approved Mortgages Loan Officer sends back a written summary built from your own numbers: an estimated payment breakdown, estimated cash to close, the loan structures that may fit your file, and the documentation underwriting will ask for.

  • Estimated monthly payment with taxes and insurance
  • Estimated cash to close for your scenario
  • Loan structures your profile may fit
  • Document checklist for your file
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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.

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Start your VA loan pre-approval — under 2 minutes

$0 down for eligible veterans, active-duty, and surviving spouses. We'll show your green/yellow/red decision instantly.

~2 minutes Clear next steps from a real loan officer

Not a loan application, rate lock, or commitment to lend. Binding figures appear on your Loan Estimate.

What is a VA loan?

A VA loan is a residential mortgage guaranteed by the U.S. Department of Veterans Affairs under 38 U.S.C. Chapter 37. VA itself does not issue the loan — private lenders make the loan (Simply Approved Mortgages LLC is a broker that arranges it, not a direct lender), and VA guarantees a portion against loss. The guaranty is why lenders can offer 0% down, no monthly mortgage insurance, and fixed rates that have historically tracked below the average 30-year conventional rate reported in the Freddie Mac Primary Mortgage Market Survey. Individual results vary.

Because there is no monthly mortgage insurance, a VA loan monthly payment is often meaningfully lower than a comparable FHA or Conventional loan above 80% LTV — even when the note rate is similar.

VA loan eligibility and the Certificate of Eligibility (COE)

  • Veterans — generally 90 continuous days of active service during wartime or 181 continuous days during peacetime.
  • Active-duty service members — 90 continuous days.
  • National Guard and Reserves — generally 6 years of service (or 90 days of active-duty service under Title 10).
  • Surviving spouses — of a service member who died in the line of duty, or from a service-connected disability, or (in some cases) totally disabled Veterans and POW/MIA spouses.

Eligibility is confirmed by a VA Certificate of Eligibility (COE). Simply Approved Mortgages can pull your COE electronically through the VA WebLGY portal in most cases; complex service histories may require VA Form 26-1880.

VA entitlement and loan limits

Under the Blue Water Navy Vietnam Veterans Act of 2019 (Public Law 116-23), effective January 1, 2020, Veterans with full VA entitlement no longer have a VA loan limit. VA still guarantees up to 25% of the loan (subject to VA's maximum guaranty math), but there is no cap on the loan amount for full-entitlement buyers.

Veterans with reduced entitlement (typically because of a prior VA loan that has not been restored) are still subject to the applicable FHFA conforming loan limit for their county for guaranty math. A Simply Approved Mortgages Loan Officer will run the entitlement calculation on your COE before pre-approval.

VA funding fee (38 U.S.C. § 3729)

The VA funding fee is a one-time fee that partially offsets the cost of the VA guaranty program. Current fees for purchase and construction loans:

  • First-use, 0% down: 2.15% of loan amount
  • First-use, 5% down: 1.50%
  • First-use, 10%+ down: 1.25%
  • Subsequent use, 0% down: 3.30%
  • Subsequent use, 5% down: 1.50%
  • Subsequent use, 10%+ down: 1.25%
  • IRRRL (streamline refinance): 0.50%
  • Cash-out refinance: 2.15% first use, 3.30% subsequent use

Funding fee waived for: Veterans receiving VA compensation for service-connected disability, Veterans entitled to receive VA disability compensation but instead receiving retirement or active-duty pay, certain surviving spouses, and Purple Heart recipients on active duty. See VA.gov for full waiver rules.

Residual income and DTI

VA underwriting emphasizes residual income — the dollars left over each month after paying the mortgage, other debts, taxes, and estimated maintenance/utilities. VA publishes a residual income table by family size and region in VA Lender's Handbook M26-7 Chapter 4. Files that meet or exceed the required residual can approve at higher DTIs than most conventional programs. On manually underwritten files, a DTI above 41% generally requires residual income at least 120% of the regional requirement plus documented compensating factors, and the highest manual-underwrite tiers also expect a clean 12-month housing history and verified reserves.

VA refinance rules: cash-out and IRRRL

VA has two refinance paths and they follow different rules.

  • Cash-out refinance: many lenders cap the loan at 90% loan-to-value including the financed funding fee, while separate high-LTV cash-out programs can go to 100% for qualified Veterans. A VA cash-out is treated as a cash-out even when you take no cash back, and a property owned free and clear is not eligible on some programs. All cash-out files must meet the net-tangible-benefit, seasoning, and disclosure requirements of VA Circular 26-19-05.
  • IRRRL (Interest Rate Reduction Refinance Loan): no appraisal or income documentation on most non-credit-qualifying files. A credit-qualifying IRRRL is required when the new PITI increases by 20% or more. Seasoning requires at least six consecutive on-time payments on the loan being refinanced, and the term is limited to the original loan term plus 10 years, capped at 30 years. IRRRLs are also available when you no longer occupy the home, provided you previously occupied it. Conforming loan limits do not apply to IRRRLs.

The VA funding fee is 0.50% on an IRRRL and 2.15% first use / 3.30% subsequent use on a cash-out, unless you are exempt.

VA temporary buydowns

VA purchase loans support 1-0 and 2-1 temporary buydowns on 30-year fixed financing. Buydown funds must be contributed by the seller and fall inside the 4% VA seller-concession limit, the buydown escrow agreement is signed at or before closing, and you are qualified at the full note rate rather than the reduced rate. Subordinate financing is generally not permitted alongside a VA buydown, and borrowers must have a qualifying credit score.

VA appraisal and Minimum Property Requirements (MPRs)

VA requires a VA-assigned appraiser from the VA appraisal panel. The appraisal establishes Reasonable Value and confirms the property meets VA MPRs — safe, sound, sanitary. Common review items: roof condition, HVAC operability, water supply, electrical, sewer/septic, and wood-destroying organism inspection in required states. If the appraisal comes in low, VA offers a Reconsideration of Value (ROV) process with supporting comps.

This is not a quote, lock, offer, or commitment to lend. Binding VA loan figures appear on your Loan Estimate.

Plain-English eligibility check

Do I qualify for a VA loan?

The VA loan is for eligible active-duty service members, Veterans, National Guard/Reserve members, and qualifying surviving spouses. Check the boxes below — if most describe you, you are likely VA-eligible. Your Simply Approved Mortgages Loan Officer confirms entitlement on your Certificate of Eligibility (COE).

  • ✓

    Service eligibility

    Active-duty, Veteran, Guard/Reserve, or surviving spouse

    Meets minimum active service under 38 CFR § 3.12a (typically 90 continuous days wartime or 181 days peacetime; 6 years Guard/Reserve).

  • ✓

    Certificate of Eligibility (COE)

    Required before closing

    Pulled by your Loan Officer through VA WebLGY — usually instant.

  • ✓

    Credit score

    No VA minimum · lender overlays 580–620

    VA Lender's Handbook M26-7 sets no floor; individual investors do.

  • ✓

    Down payment

    $0 with full entitlement

    100% financing up to your county's conforming limit if full entitlement is available.

  • ✓

    Debt-to-income (DTI)

    Over 41% requires residual-income buffer

    M26-7 Ch. 4 — passes if residual income exceeds regional table by 20%+.

  • ✓

    Residual income

    Meets M26-7 regional table

    Family of 4 in the South: $1,003/mo after taxes and monthly obligations.

  • ✓

    Occupancy

    Primary residence only

    Must certify intent to occupy within 60 days (Veteran or spouse for active-duty).

  • ✓

    VA funding fee

    2.15% – 3.30% financed into loan

    38 U.S.C. § 3729. Waived for service-connected disability, Purple Heart recipients, and qualifying surviving spouses.

Common disqualifiers to review with your Loan Officer

  • −No qualifying military service or discharge status
  • −Investment property or second home (not eligible)
  • −DTI over 41% with insufficient residual income
  • −Foreclosure/short sale on a prior VA loan without restored entitlement
  • −Property fails VA Minimum Property Requirements (MPRs)
✕

What disqualifies me? — plain-English examples

Here are the most common VA loan disqualifiers we see, with a quick real-world example of each so you can gauge your file at a glance. If any of these describe you, don't stop here — a Simply Approved Mortgages Loan Officer can often build a path around the issue (compensating factors, alternate program, or a plan to fix it before you apply).

  • No qualifying military service

    Example: Applicant served 60 days in the National Guard with no federal activation. VA requires 6 years Guard/Reserve service (or 90 days active federal duty). File is not VA-eligible — consider FHA at 3.5% down.

  • Investment property or second home

    Example: Veteran wants to finance a vacation cabin in the mountains. VA is primary-residence only per 38 CFR § 36.4301 — Veteran must certify occupancy within 60 days. Use conventional or jumbo for the second home.

  • Insufficient residual income

    Example: Family of 4 in the South needs $1,003/mo residual income after taxes and monthly obligations (M26-7 Ch. 4). Applicant nets $780/mo — file is short by $223. Options: pay off a $350/mo car loan, add a co-borrower, or lower the purchase price.

  • Prior VA foreclosure without restored entitlement

    Example: Veteran had a VA loan foreclose in 2019 with $28,000 loss to the VA. Entitlement is locked until VA is repaid or the 2-year waiting period + restored entitlement request is filed. Pull COE first — some Veterans still have partial entitlement.

  • Property fails VA Minimum Property Requirements (MPRs)

    Example: Home has an active roof leak and a non-permitted addition. VA appraisal will call these out — repairs required before closing. Consider a Section 203(k) FHA renovation loan or ask seller to repair.

  • DTI over 41% without residual-income buffer

    Example: DTI at 48%. VA allows higher DTI only if residual income exceeds the regional table by 20%+. If residual is only at the table minimum, expect a lender pushback — pay down revolving debt to drop DTI first.

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Meeting the thresholds above does not guarantee approval. Individual results vary; binding terms appear on your federally required Loan Estimate.

Sources: VA Lender's Handbook M26-7, 38 U.S.C. § 3729 (funding fee), 38 CFR § 3.12a (service eligibility), VA Circular 26-guidance letters, VA WebLGY COE portal.

Eligibility & qualifications

VA loan qualifications: complete eligibility requirements

VA does not lend directly — private lenders make the loan — Simply Approved Mortgages LLC (Company NMLS# 2620881) is a broker that arranges it, not a direct lender — and VA guarantees a portion against loss. Below are the current VA program qualifications your file must meet. Simply Approved Mortgages is not affiliated with the U.S. Department of Veterans Affairs — verify current rules on VA.gov.

RequirementVA loan standardNotes / source
Service eligibilityVeteran, active-duty, Guard/Reserve, or eligible surviving spouseWartime: 90 continuous days active service. Peacetime: 181 continuous days. Guard/Reserve: 6 years or 90 days Title 10 activation. Confirmed by VA Certificate of Eligibility (COE).
Minimum credit scoreVA sets none — lender overlays typically 580 – 620Simply Approved Mortgages will confirm the current minimum on each investor at time of pre-approval.
Down payment0% with full entitlement100% financing available to full-entitlement Veterans up to Reasonable Value on the VA appraisal.
Maximum DTINo hard cap — residual income drivenVA Lender's Handbook M26-7 Chapter 4. Files at 50–60% DTI can approve if residual income exceeds regional threshold.
Residual income (family of 4, South)$1,003/mo minimumRegional table in M26-7 Ch. 4 — figures vary by family size and region (Northeast, Midwest, South, West). Larger families and higher-cost regions require more.
Mortgage insuranceNone — no PMI, no MIPVA guaranty replaces monthly mortgage insurance. Only the one-time VA funding fee applies.
VA funding fee (purchase, 0% down)2.15% first use / 3.30% subsequent38 U.S.C. § 3729. Financeable into the loan. Lower with 5%+ or 10%+ down; 0.50% on IRRRL.
Funding fee waiversService-connected disability, surviving spouses, active-duty Purple HeartFull waiver list on VA.gov funding-fee-and-closing-costs page.
VA loan limitNone with full entitlementBlue Water Navy Vietnam Veterans Act of 2019 (P.L. 116-23), effective Jan 1, 2020. Reduced entitlement remains capped at county conforming limit for guaranty math.
Seller concessionsUp to 4% of valueCovers funding fee, discount points, prepaids, and other items per M26-7 Ch. 8. Plus customary closing costs on top.
OccupancyPrimary residence onlyOwner must certify occupancy within 60 days of closing (VA regulation). Retained VA-loan rentals are permitted after PCS or life event.
Reserves0 – 6 months PITINot required on 1-unit primary; 6 months on 3–4 unit multi-family; higher for retained rentals.
Property types1–4 unit primary residence, VA-approved condo, manufactured homeCondo project must be on VA-approved list. Manufactured home must meet VA MPRs and title as real property.

Eligible property types & occupancy

  • ✓1–4 unit primary residence (owner must occupy one unit)
  • ✓VA-approved condominium project (check VA condo database)
  • ✓Manufactured home permanently affixed and titled as real property
  • ✓New construction and VA-permitted construction-to-perm
  • ✓Modular / prefab homes meeting local code
  • ✓Rural properties acceptable if they meet VA Minimum Property Requirements

Income & employment

  • ✓Active-duty LES (leave and earnings statement); BAH and BAS count as effective income
  • ✓Retired Veterans: retirement award letter, 1099-R, and continuance documentation
  • ✓VA disability compensation counts as tax-free income (grossed up per lender policy)
  • ✓Civilian W-2 income: 2 years typical; recent separations can use military-to-civilian transition rules
  • ✓Self-employment: 2 years personal + business returns, YTD P&L
  • ✓Rental income on retained VA-loan property: 75% of documented lease

Compensating factors that strengthen approval

  • +Residual income at 120%+ of the regional table
  • +Middle FICO 680+
  • +2+ years on-time housing history (rent or prior mortgage)
  • +Cash reserves above minimum required funds
  • +Verified continued eligibility (no unrestored prior VA loan)
  • +Service-connected disability compensation (funding fee waived)

Common ineligible or disqualifying scenarios

  • −Discharge under dishonorable conditions
  • −Second-home or investment-only purchase (VA is primary-residence only)
  • −Property that fails VA Minimum Property Requirements without repair contingency
  • −Non-VA-approved condo project
  • −Prior VA loan foreclosure without entitlement restoration
  • −Occupancy inside 60 days not feasible (unless deferred occupancy exception applies)

Sources: VA Lender's Handbook M26-7, 38 U.S.C. Chapter 37 and § 3729, Blue Water Navy Vietnam Veterans Act of 2019 (P.L. 116-23), and VA.gov. Simply Approved Mortgages LLC (Company NMLS# 2620881) is not affiliated with the U.S. Department of Veterans Affairs. This is not a quote, lock, offer, or commitment to lend; binding figures appear on your Loan Estimate.

Wholesale advantage

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.

Simply Approved Mortgages compensation (1.5%)$4,500
Quote you entered (2.75%)$8,250

Compensation difference on this illustration: $3,750.

How lower compensation can help you

Room for a lower rate

When less compensation is built into pricing, there can be room for a lower interest rate, which may lower your monthly payment.

Possible credits toward closing

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.

More purchasing power

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.

Wholesale, not retail

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.

Get a second opinion on your Loan Estimate

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.

How to get a VA loan with Simply Approved Mortgages

  1. 1

    Pull your Certificate of Eligibility (COE)

    We can pull most COEs electronically through VA WebLGY. Complex service records may require VA Form 26-1880.
  2. 2

    Confirm entitlement and funding fee

    Full or partial entitlement math, first-use vs subsequent-use fee, and any waiver (disability compensation, surviving spouse).
  3. 3

    Written pre-approval

    Underwriter-reviewed pre-approval with residual income and DTI confirmed against VA guidelines.
  4. 4

    Property under contract

    Submit the fully executed purchase agreement. VA requires the VA amendatory clause and escape clause in the contract.
  5. 5

    VA-assigned appraisal and Minimum Property Requirements

    VA appraiser assigned through the VA panel establishes Reasonable Value and confirms MPRs.
  6. 6

    Underwriting and clear to close

    Standard full-doc underwriting with residual income tables from VA M26-7 Chapter 4.
  7. 7

    Close and fund

    Sign, wait for funding, and get the keys.
Expert Insight
The single most-overlooked lever on a VA purchase is seller concessions. VA allows up to 4% in seller concessions to cover the funding fee, discount points, and prepaids — a meaningful cash-to-close reduction that most buyers do not ask for at offer time. Have your Simply Approved Mortgages Loan Officer model the concession before you write the offer.
Simply Approved Mortgages Team
Licensed Loan Officers • NMLS# 2620881

Want this applied to your own file?

A Simply Approved Mortgages Loan Officer reviews your credit, income, and property against current FHA guidelines and follows up with estimated figures. Educational only — not a quote, lock, offer, or commitment to lend.

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Key qualifying numbers

VA loan — max LTV, credit score & DTI at a glance

The four numbers most borrowers ask about first. Full underwriting matrix and citations are further down the page.

Max LTV

100%

Zero down up to county VA loan limit for full-entitlement veterans (VA Lender's Handbook M26-7 Ch. 3).

Min credit score

No VA min

VA sets no minimum FICO; most lenders overlay 580–620. Residual income + AUS drive the decision.

Max DTI

No hard cap

VA uses residual-income test; 41% is the AUS "Approve/Eligible" guideline, higher DTIs allowed with strong residual (M26-7 Ch. 4).

Cash-out max LTV

90%

Up to 90% base loan on VA cash-out (VA Circular 26-19-05); funding fee financeable above. Net Tangible Benefit test required.

Guidelines subject to change; lender overlays may apply. Illustrative only — not a rate quote, lock, offer, or commitment to lend. A Simply Approved Mortgages Loan Officer confirms the numbers on your actual file.

Qualifications & requirements

VA loan qualifications: what you actually need to qualify

RequirementTypical standardNotes
Certificate of Eligibility (COE)RequiredConfirms service eligibility. VA issues via eBenefits or lender request under 38 CFR 36.4302.
Minimum service90 days active (wartime) or 181 days (peacetime); 6 years Guard/ReserveFull eligibility rules in VA Pamphlet 26-7, Chapter 2.
Down payment$0 up to county entitlement (full entitlement = no cap since Blue Water Act 2020)Above entitlement, lender may require 25% of the difference between price and entitlement.
Credit scoreNo VA minimum; lenders typically require 580–620 FICOVA underwriting focuses on residual income and 12-month housing history.
DTI ratio41% guideline; higher allowed with compensating factors and residual incomePer VA Lenders Handbook 26-7, Chapter 4, Section 4.9.
Residual incomeRegional table by household size and regionVA Table of Residual Income by Region (Chapter 4). This is unique to VA.
OccupancyPrimary residence — must occupy within 60 daysNot investment property. Second homes not allowed on VA financing.
VA funding fee2.15%–3.30% of loan (financed) — waived for disabled veteransPer VA Circular 26-22-15. First use vs. subsequent use differs.
Property type1–4 unit, VA-approved condo, PUD, manufactured homeMust pass VA Minimum Property Requirements (MPRs) at appraisal.

Sources: 38 U.S.C. Chapter 37, VA Lenders Handbook 26-7 (Chapters 2, 4), VA Circular 26-22-15 (funding fee). Individual results vary; guidelines subject to change.

What you can do with this loan

✓

Purchase a primary residence (1–4 units) with $0 down within entitlement

✓

Refinance from any loan type into a VA loan (VA Cash-Out or Type I/II)

✓

VA Interest Rate Reduction Refinance Loan (IRRRL / VA Streamline) with no appraisal in most cases

✓

Cash-out refinance up to 100% of appraised value under 38 CFR 36.4306; many lenders cap lower

✓

Purchase energy-efficient improvements financed into the loan (up to $6,000 without additional docs)

✓

Purchase a manufactured or modular home affixed to a permanent foundation

✓

New construction with a VA-approved builder and stage funding

✓

Purchase or refinance a VA-approved condominium

VA Loan: Pros and Cons

Pros of a VA loan

  • +0% down for full-entitlement Veterans — no other program combines 100% LTV with no monthly mortgage insurance
  • +No monthly PMI or MIP — a meaningful monthly savings versus FHA or Conventional above 80% LTV
  • +Competitive fixed rates (typically among the lowest 30-year fixed rates per Freddie Mac PMMS)
  • +Funding fee waived for Veterans receiving VA disability compensation, certain surviving spouses, and Purple Heart recipients on active duty
  • +Up to 4% seller concessions to cover funding fee, points, and prepaids
  • +VA appraisal enforces Minimum Property Requirements — protects the buyer from unsafe conditions

Cons / trade-offs of a VA loan

  • −One-time VA funding fee (2.15% first use, 3.30% subsequent use at 0% down) unless exempt
  • −Primary residence only — no second homes or investment property
  • −VA appraisal can be stricter than a conventional appraisal on MPR items (roof, HVAC, wood-destroying organisms)
  • −Not every lender is comfortable with residual-income-driven approvals; some overlay to a hard DTI cap
  • −COE and entitlement math must be confirmed before pre-approval
  • −A prior unrestored VA loan can reduce available entitlement

See where you stand on these requirements

A Simply Approved Mortgages Loan Officer will review your credit, income, and reserves against real program guidelines — no obligation.

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Worked example

How this loan actually works — a full example

A first-time VA borrower buys a $400,000 primary residence in Colorado Springs with full entitlement, no down payment, and finances the VA funding fee into the loan.

Inputs

Purchase price
$400,000
Down payment
$0 (100% financing)
VA funding fee — first use, 0% down
2.15%
Base loan
$400,000
Illustrative interest rate (30-yr fixed)
6.50%
Property taxes (est.)
$220/mo
Homeowner's insurance
$110/mo

Calculation

  1. 1
    Funding fee (financed)
    $400,000 × 2.15% = $8,600
  2. 2
    Total loan amount
    $408,600
  3. 3
    Principal & interest (30-yr @ 6.50%)
    ≈ $2,582 / month
  4. 4
    Taxes + insurance
    $330 / month
  5. 5
    Estimated total PITI
    ≈ $2,912 / month
  6. 6
    Mortgage insurance
    $0 — VA has no PMI/MIP
Outcome
Illustrative only. Actual rate, funding fee tier, residual income, and total closing costs are determined by underwriting and disclosed on your Loan Estimate. Simply Approved Mortgages LLC, NMLS# 2620881. Not a quote or commitment to lend.

Illustrative only — not a quote, lock, offer, or commitment to lend. Binding figures appear on your Loan Estimate.

Real-world VA loan scenarios

✓

First-time buyer, 0% down

Active-duty E-5 buys a home in a mid-cost county with 0% down, full entitlement, and finances the 2.15% first-use funding fee into the loan.

✓

Disabled Veteran, funding fee waived

Veteran receiving VA disability compensation pays $0 funding fee, keeping the closing cost significantly lower than FHA or Conventional.

✓

Move-up buyer, subsequent use

Veteran who used VA entitlement once pays 3.30% subsequent-use funding fee and uses restoration to buy a new primary residence after selling the first.

✓

Surviving spouse

Surviving spouse of a service member who died in the line of duty receives a COE with $0 funding fee and buys a primary residence.

Pricing snapshot

Live ratesLive pricing. Rates are retrieved from our pricing provider when you run a scenario.

VA Loan Rates — Today's Options at a Glance

Four real options from today's wholesale pricing for one documented sample scenario per program — no form needed. Updated twice each business day, about 10 AM and 2 PM Eastern. Your own rate depends on your credit, down payment, property, state and lock date.

Live pricing tool

Live ratesLive pricing. Rates are retrieved from our pricing provider when you run a scenario.

VA Loan Rates Today — Live Pricing for Your Scenario

Enter your scenario to see live wholesale pricing for Florida and Colorado. Figures are illustrative and not a quote, lock, offer, or commitment to lend; binding figures appear on your Loan Estimate.

VA mortgage pricing tool

Live ratesLive pricing. Rates are retrieved from our pricing provider when you run a scenario.

Enter your scenario to see live wholesale VA pricing available to Simply Approved Mortgages for Florida and Colorado primary residences. Every figure shown comes from our pricing provider for the scenario you enter — nothing is estimated.

Consumer residential pricing is available in Florida and Colorado only.

Purchase price minus your down payment.

Occupancy

Primary residence (owner-occupied)

Pricing shown is based on the scenario entered and wholesale pricing available at the time of the search. It is not a rate lock, loan approval, commitment to lend, or guarantee of terms. Rates and pricing change frequently and expire. Your actual rate, APR, payment, and costs depend on a complete application, verified credit and income, property and appraisal review, and lender underwriting approval. Binding figures appear on your Loan Estimate.

Simply Approved Mortgages LLC is not affiliated with, acting on behalf of, or endorsed by the U.S. Department of Housing and Urban Development (HUD), the Federal Housing Administration (FHA), the U.S. Department of Veterans Affairs (VA), or any other government agency.

Simply Approved Mortgages LLC | NMLS #2620881 is a mortgage broker and is not a direct lender. Equal Housing Opportunity.

Scenarios this tool does not price
  • VA construction and Native American Direct Loan pricing.
  • Joint VA loans with a non-veteran, non-spouse co-borrower.
  • Adjustable-rate VA pricing (the tool prices fixed-rate terms only).

Live market pricing

Today's VA loan rates (2026)

VA loan pricing is quoted daily and depends on credit, loan amount, LTV/CLTV, occupancy, and lender program. Figures below are for education only — your binding rate and APR appear on your Loan Estimate.

  • ✓VA loan rates are set by lender pricing on Ginnie Mae MBS (VA loans are securitized in GNMA pools alongside FHA/USDA)
  • ✓Historically VA rates are among the lowest available on 30-year fixed government-backed loans (Freddie Mac PMMS and MBA Weekly Applications Survey)
  • ✓30-year fixed, 15-year fixed, and 5/1, 7/1, and 10/1 hybrid ARMs available
  • ✓VA funding fee per 38 U.S.C. § 3729 can be financed into the loan (with limits) or paid at closing
  • ✓Discount points can buy the rate down; seller can contribute up to 4% seller concessions to cover the funding fee and points
See Today's RatesStart My Approval

What affects your rate

  • ✓

    Credit score

    VA sets no minimum. Lender overlays typically start at 580 or 620 middle FICO. Higher scores unlock better pricing.

  • ✓

    Loan-to-value (LTV)

    Up to 100% financing for full-entitlement Veterans. Lower LTV can reduce the funding fee.

  • ✓

    Entitlement status

    First use pays a lower funding fee than subsequent use (2.15% vs 3.30% at 0% down).

  • ✓

    Disability status

    Veterans receiving VA compensation for service-connected disability pay $0 funding fee — a meaningful savings.

  • ✓

    Residual income

    VA prioritizes residual income (dollars left after debts) over DTI. Higher residual improves approval odds.

Rates and APRs shown are illustrative and change daily. Not a quote, lock, offer, or commitment to lend. Binding figures appear on your official Loan Estimate. Simply Approved Mortgages LLC, NMLS# 2620881. Equal Housing Opportunity.

VA Loan Payment Calculator

Estimate a full PITI payment on your VA loan with a plain-English breakdown of principal & interest, property taxes, homeowner's insurance, and HOA — plus a loan amortization summary. Illustrative only; your Loan Estimate will show the binding figures.

Estimate your payment
Home price$450,000
$
Down payment$45,000 (10.0%)
$
Interest rate6.25%
%
Loan term30 years
Credit tier (FICO)740-759
Property taxes (annual %)1.20%
%
Homeowner's insurance (annual)$1,650
$
HOA (monthly)$0
$
Principal & interest
$2,494
Taxes + insurance
$588
Loan amount
$405,000
Estimated monthly payment (PITI)
Illustrative — binding figures on your Loan Estimate
$3,082

Monthly payment breakdown

Principal & interest$2,494 · 81%
Property taxes (1.20%/yr)$450 · 15%
Homeowner's insurance$138 · 4%

Loan amortization summary (30-year term)

Total interest paid
$492,716
Total paid over term
$897,716
Year 1 · to interest
$25,178
Year 1 · to principal
$4,746

Assumes a fixed-rate 30-year loan held to maturity with no prepayments. Actual amortization varies with extra principal payments, escrow adjustments, PMI/MIP, and any rate resets on an ARM.

Free • No obligation

Use my estimate — see today's rates

We'll pre-fill your calculator numbers into the quote form below. A Simply Approved Mortgages Loan Officer will personally connect with you to walk through your scenario.

Home price$450,000
Down payment$45,000 (10.0%)
Loan amount$405,000
Rate / term6.25% · 30y
Credit tier740-759
Est. total PITI$3,082
See Today's Rates

Pre-approval is a soft check with no SSN and no hard credit pull. Not a loan approval or commitment to lend — binding figures appear on your federally required Loan Estimate.

Ready to move forward?

Turn these numbers into a real pre-approval

Continue on our secure application page. Your Simply Approved Mortgages Loan Officer will review your numbers and follow up within one business day.

Start My Approval →See Today's RatesOr call 877-813-7219

No obligation. Soft-pull options may be available.*

Get Ready

Document Checklist for your VA loan

Gathering these documents up front helps your Simply Approved Mortgages Loan Officer issue a stronger pre-approval and move your VA loan to Clear-to-Close faster. Actual items required vary by scenario — your loan officer will confirm the final list.

Choose your income type

Only the income documents that apply to you are shown. Switch tabs if you have multiple income sources — your loan officer will confirm which apply.

W-2 / Employed Income

  • ✓Most recent 30 days of paystubs (all borrowers, all jobs)
  • ✓W-2s for the last 2 years (all employers)
  • ✓Two-year employment history with employer names, addresses, and dates
  • ✓Verification of Employment — written (WVOE) or electronic (EVOE through a third-party payroll service); your loan officer orders it with your signed authorization
  • ✓Employment reverification within 10 days before closing — verbal or electronic, required on every file
  • ✓Bonus / commission / overtime: 2-year history if used to qualify
  • ✓Recent job change: offer letter and first paystub after start date
  • ✓Retirees / fixed income: Social Security award letter, pension statements, 1099-R

Assets & Reserves

  • ✓Most recent 2 months of bank statements (all pages)
  • ✓Most recent quarterly statement for retirement / brokerage / 401(k)
  • ✓Gift funds: signed gift letter + donor bank statement + transfer proof
  • ✓Large deposit letters of explanation with source documentation

Identity & Residency

  • ✓Government-issued photo ID (driver's license or passport)
  • ✓Social Security card or ITIN letter
  • ✓Two years of residency history with addresses

Credit & Liabilities

  • ✓Written credit report authorization
  • ✓Letter of explanation for any late payments, collections, or inquiries
  • ✓Bankruptcy discharge papers or foreclosure documentation (if applicable)
  • ✓Child support / alimony order (if paying or receiving)
  • ✓Divorce decree / separation agreement (only if applicable)

Property & Purchase

  • ✓Fully executed purchase contract with all addenda
  • ✓Earnest money deposit receipt + source of funds
  • ✓Homeowners insurance quote (binder before closing)
  • ✓HOA / condo questionnaire and dues statement (if applicable)

VA-Specific Documentation

  • ✓Certificate of Eligibility (COE) — your loan officer can order
  • ✓DD Form 214 (discharge papers) for veterans
  • ✓Statement of Service for active-duty service members
  • ✓VA disability award letter (if applicable — may waive funding fee)

Educational checklist only. Not a commitment to lend and not a complete list of conditions. Documentation requirements are governed by agency guidelines (Fannie Mae Selling Guide, FHA Handbook 4000.1 incl. Update 18 (August 12, 2026), VA Lender's Handbook, USDA HB-1-3555) and individual investor overlays. Your Simply Approved Mortgages Loan Officer will provide your specific document list based on your scenario.

Credit Documentation & Monitoring

Credit Reports and Credit Monitoring for your VA loan

Credit is one of the four underwriting buckets every lender reviews — and one of the few you can actively improve before you apply. Monitoring your credit throughout the process helps you catch errors, fraud, and score changes early, which protects your approval timeline and your rate.

Step 1 · Lender Pull

Ordering Credit for Your Pre-Approval File

Once you sign your loan application (Form 1003) and disclosures, your Simply Approved Mortgages Loan Officer orders a tri-merge residential mortgage credit report (RMCR) from Equifax, Experian, and TransUnion. This is a hard inquiry, but FICO's model treats mortgage inquiries within a 45-day window as a single event, so shopping lenders during that window will not stack on your score.

  • What we need from you: signed borrower authorization, government-issued photo ID, Social Security number (or ITIN), and current address.
  • What the report shows underwriters: middle FICO score, open tradelines, minimum payments, late history, collections, public records, and recent inquiries.
  • How long it's valid: 120 days for conventional loans and for FHA/VA/USDA (HUD guidelines, VA Lender's Handbook Ch. 4). Older reports must be re-pulled before closing.
  • Rapid rescore: if a legitimate error is on your report, we can request a rapid rescore in 3–7 business days after you supply documentation from the creditor.
Pay for Your Credit Report →

This link redirects to our third-party credit vendor's payment portal. You pay the report fee directly so we can pull your tri-merge credit report for your pre-approval file. A credit pull is required for underwriting; this is not a commitment to lend.

Step 2 · Self-Check

Review and Monitor Your Credit at MyITINCredit.com

Before we pull your file, review and monitor your credit at MyITINCredit.com. Their $1 promotional trial gives you tri-bureau visibility plus ongoing credit monitoring so you can catch changes, disputes, or new accounts as they appear — not after they've already delayed your loan.

  • Verify accuracy: confirm names, addresses, SSN/ITIN, and every open account belong to you.
  • Dispute errors: the Fair Credit Reporting Act gives you the right to dispute inaccurate items directly with the bureau — no charge.
  • Address collections and charge-offs: a settled or paid collection can be documented in advance so it does not stall underwriting.
  • Pay down utilization: credit-card balances reported below 30% of the limit typically produce the strongest scores.
  • Avoid new credit: do not open new cards, finance a car, or co-sign for anyone from now through closing.
  • Monitor continuously: credit monitoring alerts you to new inquiries, balance changes, and potential identity theft while your loan is in process.
Check & Monitor Your Credit at MyITINCredit.com →

MyITINCredit.com is a service operated by Simply Approved Corporation (a DBA of that entity), which is the parent company of Simply Approved Mortgages LLC. Simply Approved Mortgages may receive subscription revenue if you choose to enroll. Credit monitoring through MyITINCredit.com is optional and is not required to apply for or obtain a mortgage with us. Promotional pricing, trial terms, and monitoring features are set by MyITINCredit.com and subject to change.

Why credit monitoring matters during a mortgage — A single new collection, missed payment, or unauthorized inquiry can change your qualifying score or trigger additional underwriting conditions. Typical minimum scores* — Conventional 620, FHA 580 (3.5% down) or 500 (10% down), VA no HUD minimum (most lenders 580–620), USDA typically 640, Jumbo 680–740, Doctor Mortgage 680–700+, Non-QM/DSCR varies by program, ITIN 620–680 alternative credit. Investor and lender overlays apply; individual results vary. Not a commitment to lend.

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.

FAQs reviewed by Simply Approved Mortgages · November 2026

Still have questions? Get answers on your scenario

Start a short request and a Simply Approved Mortgages Loan Officer responds within one business day with next steps and a document checklist.

Start My ApprovalSee Today's Rates

Frequently Asked Questions About VA Loans 2026

Answers to the most common about VA loans 2026 questions, written by licensed loan officers.

A VA loan is a home mortgage guaranteed by the U.S. Department of Veterans Affairs under 38 U.S.C. Chapter 37. VA does not issue the loan — private lenders make the loan, and VA guarantees a portion against loss. Simply Approved Mortgages LLC is a broker that arranges VA loans with those lenders; it is not a direct lender. The guaranty is why VA loans carry no monthly mortgage insurance and why borrowers with full entitlement may not need a down payment, subject to lender approval.
Ask Sam AI

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.

SAM is an AI assistant — not a licensed loan officer, attorney, CPA or financial adviser. Answers are educational only, are not a quote, lock, offer or commitment to lend, and material loan terms must be reviewed by a Simply Approved Mortgages Loan Officer. Never share SSN/ITIN, date of birth, account numbers or passwords in chat. Residential mortgage loans are arranged in Florida and Colorado. Start My Approval.

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.

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:

  1. 1Sign in to your Google account and search a mortgage topic such as "mortgage rates".
  2. 2Select the icon next to "Top stories" to open the preferred sources panel.
  3. 3Search for Simply Approved Mortgages, tick the box, and save.
Google's preferred sources help

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.

VA Loan Pre-Approval in Florida and Colorado cities

Each city guide covers nearby installations, the county conforming limit used for partial entitlement, the state disabled-veteran tax exemption and local cost drivers.

National guideFlorida guideColorado guide

Florida

Miami
Miami pre-approval guide →
Orlando
Orlando pre-approval guide →
Tampa
Tampa pre-approval guide →
Jacksonville
Jacksonville pre-approval guide →
Fort Lauderdale
Fort Lauderdale pre-approval guide →
St. Petersburg
St. Petersburg pre-approval guide →

Colorado

Denver
Denver pre-approval guide →
Colorado Springs
Colorado Springs pre-approval guide →
Aurora
Aurora pre-approval guide →
Fort Collins
Fort Collins pre-approval guide →
Boulder
Boulder pre-approval guide →
Lakewood
Lakewood pre-approval guide →

FHA product library

Explore every FHA loan product and topic

Deep-dive references on each FHA program, insurance rule, waiting period, and qualifying calculator.

FHA Loans — Complete Guide

Every FHA program, requirement, and current rule in one place.

Read guide →

FHA 203(b) Purchase

The standard 3.5%-down FHA purchase loan.

Read guide →

FHA 203(k) Renovation

Buy + renovate in one FHA loan.

Read guide →

FHA Streamline Refinance

Faster refinance for existing FHA loans.

Read guide →

FHA Cash-Out Refinance

Tap equity up to 80% LTV.

Read guide →

FHA HECM Reverse Mortgage

HUD-insured reverse mortgage for age 62+.

Read guide →

FHA Loan Limits

County floor, ceiling, and how limits are set.

Read guide →

FHA Mortgage Insurance

UFMIP, Annual MIP, and payoff timing.

Read guide →

FHA Appraisal Requirements

HUD MPR standards and what appraisers check.

Read guide →

FHA Gift Funds

Who can gift, documentation, and the paper trail.

Read guide →

FHA DTI Calculator

Run your ratios against FHA benchmarks.

Read guide →

FHA vs Conventional

Compare total cost by credit tier.

Read guide →

FHA Waiting Periods

BK, foreclosure, and short-sale timelines.

Read guide →

How this page connects

Where this fits in the VA lending library

This page sits inside our VA lending coverage.

What most readers open next

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

VA Funding Fees — Full Schedule

Current VA funding fee grid by entitlement use and down payment.

Read the guide →

Guide

FHA vs Conventional

How VA compares to the two most common alternatives.

Read the guide →

Guide

Purchase Mortgages — Complete Guide

Every purchase program compared in one place.

Read the guide →

Guide

Mortgage Pre-Approval

Written pre-approval before you shop.

Read the guide →

Guide

Document Checklist

What to gather for underwriting including your COE.

Read the guide →

Guide

Affordability Calculator

Model PITI on a VA scenario.

Read the guide →

By state and city

VA Home Loans by State, City, and County

County loan limits, property taxes, insurance costs, and market conditions change what this program looks like locally. Pick your market for the version written for it. Simply Approved Mortgages LLC arranges residential mortgage loans in Florida and Colorado.

Florida

VA Home Loans in Florida

Cities

Counties

Colorado

VA Home Loans in Colorado

Cities

Counties

Internal library

Related mortgage guides across our library

Follow the next relevant guide for your scenario.

Purchase mortgages

Buying a home

Calculators & references

Tools & data

Simplify Your Mortgage Journey with These Resources

Home Value Report
Check Your Credit
Mortgage Calculator
Home Affordability Calculator
Pay for my Credit Report
Mortgage Document Checklist
Down Payment Assistance
Native American Home Loans
FHA Loan Limits
See Today's Rates
Refinance Guide
Pre-Approval Request

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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.

VA loan

Tell us about your scenario

The form below is tailored to VA loan — only the questions and documents your program needs.

Step 1 of 2 · about 90 seconds
See your options — one short screen
Encrypted connection (HTTPS) NMLS# 2620881 Equal Housing Opportunity

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.

What's your goal?
Purchase price$450,000
$
Down payment (10.0%)$45,000
$

A range is enough here — no credit report is pulled and your credit is not affected.

Estimated monthly payment at these numbers
$3,302

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.

No obligation to apply Encrypted connection Verify NMLS# 2620881
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From the Blog

Mortgage insights & guides

Plain-language articles to help you understand the home loan process, save on closing costs, and make confident decisions.

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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.

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Apr 30, 20265 min read
Equal Housing OpportunityEqual Housing OpportunityMortgage Broker — Not a LenderNMLS ID# 2620881NMLS Consumer AccessFlorida Mortgage Broker License #MBR7685Colorado Mortgage Company Registration

Licensing & 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.

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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.

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