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New Home Purchase

Purchase a New Home with Peace of Mind

For most people, a home purchase will be the largest financial investment of their lives. An experienced Mortgage Advisor can help ease your mind by  guiding you through the countless details and tough decisions. And Ark Mortgage Advisors give you an added benefit: because Ark is a lender, not just a broker, your Advisor stays with you every step of the way, right up to closing.

Ark can get you a Certified Pre-Approval to help you qualify to bid on a particular property. We can help you with an Express Mortgage if you need a loan in a hurry. We’re specialists in working with self-employed borrowers. And you’re backed by our Lifetime Guarantee, our promise that if rates go down, you can always refinance with minimal fees

Calculate your payments

Owning a home can be just as affordable—maybe even more affordable—than renting. Plug in your numbers to get an estimate of the monthly payments for a fixed or adjustable rate mortgage (ARM).

Homebuyer FAQs

How do I know if I qualify to buy a home?
How do I know how much home I can afford?
Can I buy a home and sell my current one at the same time?
How quickly can I close on a home loan?
Can I keep my current home and use rental income to qualify for a new home?
How do I know if I qualify to buy a home?

Start by contacting an Ark Mortgage Advisor who will walk you through the home financing process. This can include:

  • Reviewing Credit
  • Obtaining Income information
  • Reviewing the funds that will be used to purchase

We have many different loan programs designed to suit most borrowers’ financial situations, including low-to-moderate income earners and self-employed borrowers. The first thing to do is request an Ark Certified Pre-Approval to determine what purchase price and terms best fit your needs.

How do I know how much home I can afford?

It depends on your income versus your other financial obligations (debt). You can determine your purchasing power by using Ark’s Home Affordability Calculator. This will analyze your monthly income, living expenses, liabilities reported on your credit report (car payments, credit cards, etc.) and the amount of funds available to purchase (savings, gifts, etc.).

Can I buy a home and sell my current one at the same time?
Absolutely, but it does create some risk. For example, if you buy a home before you sell your home, you could find yourself overextended financially. If you sell your home before you buy a new one, you might need to rent during the interim. However, there is several ways to do both simultaneously. Be sure to ask your Realtor, your Home Mortgage Advisor and your attorney for more information as it pertains to your particular situation.
How quickly can I close on a home loan?
Typically, escrow periods range from 30 to 45 days. With the Ark Express Mortgage, you can go from Completed Application (after all requested income and asset information has been submitted and credit report pulled) to Close in as short as 21 days. Having your required income documents (W2s, pay stubs, and tax statements) readily available can help expedite the process.
Can I keep my current home and use rental income to qualify for a new home?
Yes. The qualification factors may differ between different loan programs, so please call a Mortgage Advisor for more information.

The Better Way to Finance Your Home

Low Down Payment

We offer a variety of loan options for buying your home that require little to no money down for a down payment.

Finding The Right Home

Our Certified Pre-Approval is guaranteed in writing for at least 60 days, so you can spend more time finding the perfect home.

Increased Buying Power

Armed with an underwritten pre-approval, your offer will be considered more seriously by the seller.

Build Wealth

Every payment you make towards your home loan, you’ll be adding to the growing equity in your home.

Peace of Mind

Our Lifetime Guarantee allows you to refinance for any reason without any origination or appraisal fees.
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