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Ark Mortgage Inc, NMLS# 103915

Ark Mortgage Inc, NMLS# 103915

Mortgage Advisors & Lending Services in New York & New Jersey

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Earnest Money

Earnest Money

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Earnest money, also known as good faith deposit, is money put down to show the seller you’re serious about buying. It’s usually 1% – 3% of the sale price, and the money is deposited in a third-party account, known as escrow. The money becomes part of the down payment if the home transaction goes through. If the home purchase doesn’t happen, the seller may or may not be contractually obligated to return this deposit.

Posted: March 15, 2021 Last Modified: January 10, 2023

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Ark Mortgage, Inc.

NMLS ID #103915

400 Rella Blvd, Suite 300 • Montebello, NY 10901 • (800) 247-4432

Serving California, Arizona, Colorado, Connecticut, Florida, New Jersey, New York,  Pennsylvania & Texas
For licensing information see our licensing page or visit the NMLS Consumer Access page.

For Texas consumers, learn how to file a complaint here. 

Equal Housing OpportunityEqual Housing Opportunity

Rates, terms and programs are subject to change without notice. All loans are subject to appraisal and property condition requirements and underwriting approval. The information on this website does not represent an offer to enter into a loan agreement. Restrictions apply

Copyright © 2026 · Ark Mortgage, All Rights Reserved.

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