Our lender-paid compensation is 1.5% of the loan amount. Less compensation built into pricing can leave room for a lower rate or a lender credit toward closing costs.
No-obligation VA pre-qualification review.
Loan originator compensation is part of the cost of every mortgage. On VA loans we arrange, our lender-paid compensation is 1.5% of the loan amount, paid by the wholesale lender — not charged to you as a separate fee. Enter a compensation figure from another quote to see the difference in dollars.
Compensation difference on this illustration: $5,000.
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 include a lender credit toward allowable closing costs, so you may bring less cash to closing.
A lower payment lowers your debt-to-income ratio and residual-income strain, which may help you qualify for more home on the same income.
As an independent mortgage broker we compare pricing from multiple wholesale VA lenders instead of offering one company's retail pricing.
Tip: On page 2 of your Loan Estimate, look at Section A, "Origination Charges." When the lender pays the loan originator, that compensation usually does not appear there as its own line; it is built into the interest rate. That is why comparing the rate, APR, points and lender credits side by side matters.
Illustration only, not an offer, rate quote or Loan Estimate. Lender-paid compensation is paid by the lender, not directly by you, and a lower compensation figure does not by itself guarantee a lower rate or lower closing costs. Your actual rate, APR, fees and credits appear on your official Loan Estimate and depend on credit, entitlement, property, lock period and market conditions. Simply Approved Mortgages LLC (NMLS #2620881) is an independent mortgage broker, not a lender, and is not affiliated with the U.S. Department of Veterans Affairs. Residential lending in FL and CO only.
Every mortgage has a cost to originate it, and loan originator compensation is part of that cost. When the lender pays the originator, the payment is built into the loan's pricing — the interest rate and any credits you are offered.
We keep our compensation at 1.5% of the loan amount so more of the loan's pricing can go toward you, as a lower rate or a credit toward allowable closing costs. None of these outcomes is guaranteed on every loan.
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.
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 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.
It is what the loan originator is paid for arranging your mortgage. Under Regulation Z (12 CFR 1026.36), it can be paid by the lender or by the borrower, but not both on the same loan, and it cannot be based on the loan's interest rate or terms.
On the VA loans we arrange, our lender-paid compensation is 1.5% of the loan amount. It is paid by the wholesale lender, not charged to you as a separate fee.
Yes. VA limits the fees and charges a veteran may pay (38 CFR 36.4313), and lender-paid compensation is not a charge paid by the veteran — it is built into the loan's pricing. Your Loan Estimate shows every charge you pay.
No. Lower compensation built into pricing can leave room for a lower rate or a lender credit, but your actual rate, fees and credits depend on your credit, entitlement, property, lock period and the market on the day you lock. Your official Loan Estimate is the only binding comparison.
Look at page 2, Section A, Origination Charges. Borrower-paid compensation appears there. Lender-paid compensation usually does not appear as its own line because it is built into the interest rate, so compare the rate, APR, points and lender credits side by side.
Yes. Upload it with the form on this page. We review residential loans for property in Florida and Colorado only.
Start a VA pre-qualification with a licensed loan originator. Licensed in Colorado and Florida.
SAM is the Simply Approved Mortgages AI assistant, grounded in the VA Lenders Handbook M26-7, 38 CFR Part 36 and the county loan-limit file behind this page. It answers general VA questions. A licensed mortgage loan originator reviews every scenario before any terms are confirmed.
Hi — I'm SAM with Simply Approved Mortgages. Ask a question about VA home loans, or pick one of the popular questions beside this box.
AI assistant — general VA loan education only, not financial, legal or tax advice, not a loan approval, pre-approval or commitment to lend. Simply Approved Mortgages LLC (NMLS #2620881) is an independent mortgage broker and is not the VA, HUD or any government agency, and is not endorsed by them. All loans are subject to lender underwriting, appraisal and final approval. Equal Housing Opportunity.
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