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  5. New Home Purchase

New Home Purchase

Purchase a New Home with Ease and Peace of Mind

A home purchase may be your largest financial investment of your life. You need a partner who can guide you through the difficult decisions and countless details. With an Ark Mortgage Home Advisor on your side, you can be certain of an efficient, pleasant experience securing a loan that is custom-fit to your personal needs.

Whether you need a loan in a hurry (Express Mortgage), proof that you are the most qualified buyer for a particular property, even when competing against cash buyers (Certified Pre-Approval), reassurance that you can always refinance with discounted fees (Lifetime Guarantee) or the guidance of someone who understands the unique circumstances of a self-employed borrower (SELF, our Simplified Entrepreneur Loan Financing program), we are here for you and will do everything possible to ensure your complete satisfaction.

Homebuyer FAQs

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 how much home I can afford?
How do I know if I qualify to buy a home?
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 can 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.
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.).

How do I know if I qualify to buy a home?

It all starts with you contacting one of our Ark Mortgage Advisors 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

There are many different loan programs designed to suit most borrowers’ financial situations. We even have products available for low-to-moderate income earners, one of our specialties. The first thing to do is request an Ark Certified Pre-Approval to determine what purchase price and terms best fit your needs.

How much is my monthly payment?

Are you currently renting but have dreams of home ownership? You might be surprised to learn that owning a home could be just as affordable—or even more affordable—than your rental. Plug in your numbers and we will help you examine the fees, taxes and monthly payments to help you decide between purchasing a home and continuing to rent. This report is based on the original purchase price, fees and taxes payable at that time. Insurance and tax costs can fluctuate from year to year, so remember, this is just an estimate. Once you have plugged in your numbers, click the “View Report” button to see your results.

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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