Ark Homes

Find the perfect home for your budget

Home Loan Programs

We’re a Full-Service Lender

As a mortgage lender licensed in New York, New Jersey, Pennsylvania, Connecticut, Arizona, and Florida, we handle your home loan from start to finish. We underwrite virtually every loan we make and service most loans throughout their term.

Fixed-Rate Mortgage

Fixed-rate mortgages (FRMs) provide predictability as the principal and interest of the loan remain the same throughout the term. The 30-year fixed-rate mortgage is the most popular home loan program to finance a home. It’s easy to qualify for and has low monthly payments. While with a 15-year fixed-rate mortgage you’ll save money on interest charges and build your equity faster. At Ark, we offer 10, 15, 20, 25, and 30-year FRMs.

Adjustable-Rate Mortgage (ARM)

Adjustable-rate mortgages (ARMs) lower the cost of your initial monthly mortgage payments and is a great option if your plan is to stay in the home short-term. Generally, it’s easier to qualify for an ARM than a fixed-rate mortgage. At Ark, we offer 5/1, 7/1, and 10/1 ARMs.

FHA Loan

Federal Housing Administration loans are generally easier to qualify and a popular home loan program for first-time homebuyers. can have a down payment as a 3.5% whether you’re purchasing a single-family or multi-family home. A 10% down payment is required when buyers have a credit score lower than 580.

Jumbo Loan

A jumbo loan is used to finance high-cost or luxury homes. Whether or not you need a jumbo loan depends on the median price of the home in the county you’re looking to finance. They either be fixed or adjustable-rate mortgages. At Ark, we offer 15 and 30-year fixed and 5/1, 7/1, and 10/1 ARMs.

DSCR Loan

The DSCR (Debt Service Coverage Ratio) loan, lets individuals and LLCs use rental income to qualify for a mortgage. No tax returns, paystubs, or other proof of income required.

Non-QM Loan

A non-qualified mortgage is a loan product that doesn’t conform with the lending guidelines set by Fannie Mae and Freddie Mac. They are designed for home buyers who can’t conform to the stringent requirements for a qualified mortgage.

From the blog