Simply Approved Mortgages logo

Disclaimers

Important disclosures about down payment assistance programs, the estimates shown on this site and the limits of the information we publish.

Published Last updated

  • Reviewed September 2026
Written and reviewed by the Simply Approved Mortgages Team at Simply Approved Mortgages LLC, NMLS #2620881.Verify on NMLS Consumer Access

Government affiliation

Simply Approved Mortgages LLC is not affiliated with, endorsed by, or acting on behalf of the U.S. Department of Housing and Urban Development (HUD), the Federal Housing Administration (FHA), the Consumer Financial Protection Bureau (CFPB), any state housing finance agency, or any other government agency. This website is not approved or endorsed by any government agency.

Not an offer of credit

This is not a commitment to lend. All loans are subject to credit, income, property, title and appraisal review and to program guidelines set by the investor, the insurer and the funding lender. Rates, fees, program terms and product availability change without notice and vary by borrower, property, occupancy, credit profile and state.

Third-party assistance programs

Down payment assistance programs described on this site are administered by third parties — state housing finance agencies, cities, counties, Federal Home Loan Banks, employers and lenders. We do not administer, control, fund or guarantee any third-party program. Publishing a program is not an offer of that program, not a statement that funding is currently available and not a determination that you qualify. Eligibility, income limits, purchase-price limits, education requirements, funding availability and participating-lender requirements change frequently and must be confirmed with the administering agency before you rely on them.

Assistance structured as a lien is secondary financing that must be repaid or forgiven under the terms of that lien. Repayment, forgiveness schedules, recapture on sale or refinance, and subordination rules are set by the administering agency, not by us.

Finder results, calculators and property data

Assistance amounts, payments, cash-to-close figures and program matches shown on this site are illustrative estimates based on the inputs you provide and on published program information. They are not quotes, rate locks, approvals or commitments. Where you provide a listing link, property details and any value or rent figure may come from the listing page or from a third-party automated valuation model such as RentCast; those figures are estimates, not appraisals, and are not an offer on any property.

Data sources and refresh timing

Loan limits, income limits, market rates and county data on this site are refreshed from primary sources such as HUD, HUD USER, FHFA, the Federal Reserve (FRED) and the Census Bureau on a published schedule. Between refreshes an agency may change a figure before it appears here. Each page shows when it was updated, when it was reviewed and when its data was last refreshed. See our data and verification page.

Examples and scenarios

Any scenario, example or sample buyer on this site is illustrative. Your result depends on your income, credit, county, loan program, property and the assistance program you use.

Equal Housing Opportunity

Simply Approved Mortgages LLC is an Equal Housing Opportunity brokerage. We do business in accordance with the Federal Fair Housing Act and the Equal Credit Opportunity Act. We do not discriminate on the basis of race, color, religion, national origin, sex, marital status, familial status, disability, age, or because income comes from a public assistance program.

Consent to be contacted (TCPA)

When you submit our assistance finder, a calculator, the lead form or any contact form, you provide express written consent for Simply Approved Mortgages LLC and its agents to contact you at the phone number(s) and email address(es) you provide — including a wireless number — by live call, prerecorded or artificial voice, SMS/MMS text, email and AI-assisted voice, chat and follow-up, even if your number is on a Do Not Call registry. Consent is not a condition of any purchase. You may opt out at any time by replying STOP to any text, clicking unsubscribe in any email, using our contact form or calling 877-813-7219. See our Privacy Notice for full details.

AI-assisted content and human review

Portions of this site may be produced or assisted by artificial intelligence. AI tools can make mistakes, produce outdated figures or misunderstand your situation. AI output is not a source of truth and is never a substitute for a licensed loan officer, a HUD-approved housing counselor or the administering agency. Material AI-assisted content is held for human review before publication, but review is a good-faith process, not a guarantee.

Use at your own risk and limitation of liability

Your use of this site and its tools is at your sole risk and all content is provided "as is" without warranties of any kind. To the maximum extent permitted by law, Simply Approved Mortgages LLC and its officers, employees, agents and affiliates are not liable for any indirect, incidental, special, consequential, exemplary or punitive damages, or any loss of profits, revenue, data or use, arising out of or relating to your use of this site, our tools or any information provided — including errors, inaccuracies or omissions in any program listing, estimate or AI-assisted material, whether or not reviewed.

Contact us

Licensing & Disclosures

Simply Approved Mortgages LLC | NMLS #2620881

Florida Mortgage Broker License #MBR7685 | Colorado Mortgage Company Registration

Simply Approved Mortgages LLC is a mortgage broker and is not a direct lender. We arrange residential mortgage loans in Florida and Colorado.

Eligibility, terms, conditions, and availability vary by borrower, property, lender, loan program, and state. Not all products or programs are available in all states. All loans are subject to lender underwriting and approval. Equal Housing Opportunity.

Florida advertising disclosure (Chapter 494, Florida Statutes): Simply Approved Mortgages LLC, Florida Mortgage Broker License #MBR7685, NMLS #2620881, is a licensed Florida mortgage broker regulated by the Florida Office of Financial Regulation and is not a lender. Any rate, payment, down payment or down payment assistance figure shown on this page is an illustrative estimate for educational purposes only — it is not a quote, rate lock, offer or commitment to lend, and it is not an advertisement of specific credit terms available to any particular borrower. Down payment assistance is a third-party program subject to its own eligibility, income, property and availability requirements. All loans are subject to lender underwriting and approval. Simply Approved Mortgages LLC is not affiliated with, approved by or endorsed by HUD, FHA or any government agency. Equal Housing Opportunity.

Verify our license on NMLS Consumer Access

Keep reading

Related pages on down payment assistance, local markets and the numbers behind each program.

Simply Approved Mortgages In-House DPA

Our own down payment assistance program — up to 5% toward your primary home

Simply Approved Mortgages LLC · NMLS# 2620881

In addition to matching you with agency programs, we offer our own assistance program, provided through our wholesale lender partner and arranged by Simply Approved Mortgages: up to 5% of the lesser of the purchase price or appraised value, structured as a repayable 10-year fixed second mortgage on a qualifying primary residence. It layers with FHA 203(b) or FHA 203(k) purchase first mortgages only, and the second lien is priced at the first-mortgage rate plus 2.00%. It is fully amortizing — not a grant and not forgivable — so your Loan Officer will show a side-by-side comparison before you commit.

Offered through our wholesale lender partner
Up to 5% of the lesser of purchase price or appraised value
Repayable 10-year fixed second mortgage
Layers with FHA 203(b) or FHA 203(k) purchase first mortgages
Second-lien rate = first-mortgage rate + 2.00%
Fully amortizing — not a grant and not forgivable
Qualifying primary residence only
See if you qualifyTalk to a Loan Officer

Program at a glance

Assistance
Up to 5%
Where
FL & CO*
Min credit
580
First-time buyer
Not required

*Our wholesale lender partner offers this product nationwide, but Simply Approved Mortgages LLC is licensed to arrange residential mortgage loans in Florida and Colorado only, so we can originate it in those two states only. Outside Florida and Colorado this is educational information and you should work with a lender licensed in your state.

How it works

1. Find the assistance you qualify for

Answer ten short questions and our DPA matching tool screens your location, income, price range, credit band and first-time buyer status against every state, county and city program we track.

2. A licensed loan officer reviews it with you

A Simply Approved loan officer confirms which programs your file can actually use, how each one is structured, and what it means for your monthly payment and closing costs.

3. Pair assistance with your first mortgage

Assistance is delivered through an approved first mortgage. We arrange the FHA, conventional, VA or USDA loan underneath it and reserve the assistance funds once you are under contract.

4. Funds arrive at closing

The assistance is wired to the closing agent and applied to your down payment and, where the program permits, closing costs — so your own savings stay where they belong.

Repayment: The second lien is a recorded lien with a monthly payment that is underwritten into your debt-to-income ratio. Layered DPA affects your final rate and mortgage insurance; your Simply Approved Mortgages Loan Officer will disclose the side-by-side comparison before you commit. Program terms, income limits, funding availability and eligibility requirements are subject to change without notice and must be confirmed in writing. Nothing here is an offer of credit, an approval, or a guarantee of eligibility, funding or any particular term. All loans are subject to lender underwriting and approval. Equal Housing Opportunity.

Free monthly briefing

Down payment assistance changes fast. Stay ahead of it.

New funding rounds, closed programs, and updated income and price limits for Florida and Colorado buyers — in one short email each month.

Licensing notice: Simply Approved Mortgages LLC arranges residential mortgage loans in Florida and Colorado only. The briefing and this website are educational content — not an offer, solicitation, advertisement of credit terms or commitment to lend, and no mortgage services are offered in states where we are not licensed.

Expert Insight

Documented guidance from a licensed mortgage broker

Simply Approved Mortgages LLC originates residential mortgages in Florida and Colorado, so the guidance on this page reflects how assistance programs behave in files we actually underwrite and close — not general industry commentary.

Takeaway: Have your scenario reviewed against your actual documents before deciding.

The only way to know which program, down-payment structure, and closing-cost strategy actually fits your file is to walk through it with a Simply Approved Mortgages Loan Officer who can compare the real numbers side-by-side on a Loan Estimate.

Commentary from the Simply Approved Mortgages Team at Simply Approved Mortgages LLC, NMLS #2620881. Verify on NMLS Consumer Access