The Mortgage Record
Lender report card · New Jersey

Ark-la-tex Financial Services Llc

Plano, TX · What the federal mortgage record shows about how Ark-la-tex Financial Services Llc treated New Jersey applicants, 2018–2025 — 2,812 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
92.0%
2,586 approved
Denial rate
8.0%
226 denied
Decisions
2,812
2018–2025
Avg. rate spread
+0.54 pp
vs. market benchmark
92.0% approved
8.0% denied

Share of 2,812 New Jersey applications Ark-la-tex Financial Services Llc approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional92.5% of 2,194 · NJ 87%FHA87.9% of 464 · NJ 79%VA95.8% of 143 · NJ 80%

“NJ” = the statewide average approval rate for that loan type, for comparison.

Approval rate over time

80%85%90%95%100%84%86%95%92%96%95%95%98%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Ark-la-tex Financial Services Llc’s rates ran +0.21 pp higher than the typical New Jersey lender (average rate spread +0.54 pp above the market benchmark). Rate spread is APR minus the average prime offer rate; positive means costlier than the low-risk benchmark.

Who Ark-la-tex Financial Services Llc approves

By income
Under $50k87.6% · 201$50–75k90.5% · 441$75–100k90.5% · 514$100–150k92.6% · 775$150–250k94.0% · 616$250k+93.8% · 240
By debt-to-income
Under 36%93.2% · 1,04936–43%94.4% · 69943–50%94.3% · 760Over 50%73.1% · 242
By down payment (LTV)
20%+ down94.1% · 1,52310–20% down92.1% · 3055–10% down90.7% · 2573–5% down93.2% · 249Under 3% down89.2% · 120

Why Ark-la-tex Financial Services Llc denied applications

Incomplete application44% of denialsCredit history20% of denialsDebt-to-income ratio18% of denialsCollateral (value/type)17% of denialsUnverifiable information4% of denialsEmployment history3% of denials

Where Ark-la-tex Financial Services Llc lends in NJ

CountyDecisionsApproval
Monmouth County48391.7%
Ocean County46394.4%
Hunterdon County41789.7%
Middlesex County22391.9%
Mercer County21291.5%
Atlantic County16695.8%
Cape May County13994.2%
Somerset County10888.9%

Fees & closing costs

Median total loan costs
$5,717
home purchase
As % of loan
1.99%
NJ median 1.93%
Priced originations
1,563
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Ark-la-tex Financial Services Llc’s home-purchase originations — 0.05 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $109. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Ark-la-tex Financial Services Llc to other lenders for your profile

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Source: CFPB HMDA loan-level data, 2018–2025 · first-lien, closed-end mortgages on 1–4 family homes in New Jersey reported by Ark-la-tex Financial Services Llc (LEI 5493001GDRY0EL7VG372). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →