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Terms & Conditions

These Terms govern your use of this Simply Approved Mortgages down payment assistance website and any finder, calculator, program listing or form provided on it. By using the site you agree to these Terms.

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

1. Acceptance of terms

By accessing or using this website you agree to be bound by these Terms and by our Privacy Notice. If you do not agree, do not use the site.

2. Educational information only

Content on this site is general education about down payment assistance (DPA) programs, first mortgages that pair with them, and the agencies that administer them. It is not legal, tax, financial or accounting advice. Consult a qualified professional before making a decision about a mortgage or an assistance program.

3. No offer of credit and no program guarantee

Nothing on this site is an offer to lend, an approval, a commitment to lend, a rate lock or a guarantee of loan or program terms. All loans are subject to lender underwriting and approval. Down payment assistance programs are administered by third parties — state housing finance agencies, cities, counties, Federal Home Loan Banks, employers and lenders. Listing a program is not an offer of that program, not a statement that funding is currently available and not a determination that you qualify.

4. Finder results and calculator estimates

Program matches, assistance amounts, payment figures and cash-to-close numbers shown by our finder or calculators are illustrative estimates based on the inputs you provide and on program information published by the administering agency at the time we last verified it. Program terms, income limits, purchase-price limits, funding availability and participating-lender requirements change frequently and must be confirmed with the administering agency.

5. Your submissions and consent to be contacted

You represent that information you submit is true, accurate and your own, and that you are at least 18 years old. By submitting the assistance finder, a calculator, the lead form or any contact form on this site, you provide express written consent for Simply Approved Mortgages LLC and its agents, service providers and lending partners 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 or follow-up, for any purpose related to your inquiry, application and down payment assistance options, even if your number is on any federal, state, corporate or internal Do Not Call registry. Consent is not a condition of any purchase or service. Message and data rates may apply. 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. Submitting a form does not authorize a credit inquiry; any credit inquiry requires your separate authorization.

6. Third-party links and tools

This site links to and uses third-party resources — HUD, HUD USER, FHFA, the Federal Reserve (FRED), the CFPB, the Census Bureau, state housing finance agencies, NMLS Consumer Access, listing sites and RentCast, among others. We are not responsible for the content, accuracy, availability or privacy practices of any third-party site or tool.

7. Intellectual property

All content, design, code, images and trademarks on this site are owned by Simply Approved Mortgages LLC or its licensors and are protected by U.S. and international intellectual property laws. You may not copy, reproduce or redistribute site content without written permission.

8. Use at your own risk and disclaimers

YOUR USE OF THIS SITE IS AT YOUR SOLE RISK. THE SITE IS PROVIDED "AS IS" AND "AS AVAILABLE" WITHOUT WARRANTIES OF ANY KIND, EXPRESS OR IMPLIED, INCLUDING WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, ACCURACY, TIMELINESS OR NON-INFRINGEMENT.

No professional relationship. Nothing on this site creates a client, advisory, fiduciary, attorney-client or lender-borrower relationship between you and Simply Approved Mortgages LLC. Educational content, program listings and estimates are general information, not individualized advice.

AI-assisted content. Portions of this site and our follow-up communications may be produced or assisted by artificial intelligence. AI output can contain errors, inaccuracies or omissions and is not a source of truth. Material AI-assisted content is held for human review before publication, but human review is a good-faith process and not a guarantee of accuracy. TO THE MAXIMUM EXTENT PERMITTED BY LAW WE DISCLAIM ALL LIABILITY FOR ERRORS, INACCURACIES OR OMISSIONS IN AI-ASSISTED CONTENT, WHETHER OR NOT REVIEWED.

9. Limitation of liability

TO THE MAXIMUM EXTENT PERMITTED BY LAW, SIMPLY APPROVED MORTGAGES LLC AND ITS AFFILIATES, OFFICERS, EMPLOYEES AND AGENTS SHALL NOT BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, CONSEQUENTIAL OR PUNITIVE DAMAGES, OR ANY LOSS OF PROFITS, REVENUE, DATA OR EQUITY, ARISING FROM YOUR USE OF — OR INABILITY TO USE — THE SITE, OR RELIANCE ON ANY PROGRAM LISTING, TOOL OR ESTIMATE PROVIDED HERE. YOUR SOLE REMEDY FOR DISSATISFACTION WITH THE SITE IS TO STOP USING IT.

10. Indemnification

You agree to indemnify and hold harmless Simply Approved Mortgages LLC, its officers, employees and agents from any claims arising out of your use of the site or violation of these Terms.

11. Arbitration and class-action waiver

To the maximum extent permitted by law, you and Simply Approved Mortgages LLC agree that any dispute, claim or controversy arising out of or relating to this site or these Terms shall be resolved by final and binding individual arbitration, and that each party waives any right to participate in a class, collective or representative action. Nothing here prevents either party from bringing an individual claim in small-claims court or from filing a complaint with a regulator.

12. Governing law and venue

These Terms are governed by the laws of the State of California, without regard to conflict-of-law principles. Subject to Section 11, any dispute not subject to arbitration shall be resolved exclusively in the state or federal courts located in Los Angeles County, California, and you consent to personal jurisdiction there.

13. Severability, changes and entire agreement

If any provision of these Terms is held unenforceable, the remaining provisions remain in full force. These Terms, together with our Privacy Notice, Disclaimers and Disclosures & Licensing page, constitute the entire agreement between you and Simply Approved Mortgages LLC regarding this site. We may update these Terms at any time; continued use after changes constitutes acceptance.

14. 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.

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