The Mortgage Record
Lender report card · New Jersey

Ark Mortgage, Inc.

Montebello, NY · What the federal mortgage record shows about how Ark Mortgage, Inc. treated New Jersey applicants, 2018–2025 — 3,101 reported decisions. This is historical behavior, not a prediction about your loan.

Approval rate
98.5%
3,053 approved
Denial rate
1.5%
48 denied
Decisions
3,101
2018–2025
Avg. rate spread
+0.52 pp
vs. market benchmark
98.5% approved
1.5% denied

Share of 3,101 New Jersey applications Ark Mortgage, Inc. approved vs. denied. Excludes loans it merely purchased on the secondary market, and applications withdrawn or left incomplete.

Approval rate by loan type

Conventional98.5% of 3,084 · NJ 87%

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

Approval rate over time

92%94%96%98%100%98%99%99%99%98%96%95%98%20182019202020212022202320242025

Pricing

Adjusting for its loan-type mix, Ark Mortgage, Inc.’s rates ran +0.30 pp higher than the typical New Jersey lender (average rate spread +0.52 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 Mortgage, Inc. approves

By income
Under $50k96.8% · 527$50–75k98.2% · 382$75–100k99.0% · 480$100–150k99.0% · 671$150–250k98.8% · 489$250k+99.0% · 518
By debt-to-income
Under 36%99.7% · 1,04336–43%99.0% · 70443–50%98.7% · 1,196Over 50%81.0% · 79
By down payment (LTV)
20%+ down98.9% · 2,40810–20% down97.6% · 2055–10% down98.8% · 161

Why Ark Mortgage, Inc. denied applications

Debt-to-income ratio38% of denialsCredit history17% of denialsInsufficient cash to close12% of denialsOther10% of denialsEmployment history8% of denialsUnverifiable information6% of denials

Where Ark Mortgage, Inc. lends in NJ

CountyDecisionsApproval
Ocean County2,04898.8%
Essex County29699.3%
Hudson County20898.6%
Monmouth County19996.5%
Union County12199.2%
Bergen County5296.2%
Passaic County4397.7%
Mercer County3497.1%

Fees & closing costs

Median total loan costs
$8,036
home purchase
As % of loan
2.25%
NJ median 1.93%
Priced originations
1,150
with fee data

Median lender and third-party costs (the Loan Estimate’s “total loan costs”) on Ark Mortgage, Inc.’s home-purchase originations — 0.31 points higher than the 1.93% New Jersey median. Typical lender credit toward costs: $1,000. Excludes prepaid taxes/insurance and escrow deposits. Fees are reported on roughly two-thirds of originations (small lenders are exempt). Methodology →

Compare Ark Mortgage, Inc. 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 Mortgage, Inc. (LEI 5493008VCYW25D52ZC98). Rates describe past reported outcomes for the lender’s applicant pool and are not a prediction for any individual. Methodology →