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Certified Pre-Approval

Improve Your Home Buying Power

Buying a house is much more than just deciding how many bedrooms and bathrooms you need. It’s crucial to sit down and work out a budget, considering your net income and subtracting our current debt while leaving wiggle room for emergencies. What’s left is your MAP or Maximum Affordable Payment for your mortgage. Determining your MAP is just part of your initial consultation with your Ark Mortgage Advisor. They’ll also describe various ways to maximize your purchasing power.

Pre-Approval FAQs

How much mortgage can I afford?
The first step in buying a house is determining your budget. Start here to get an estimate of how much you can qualify for. You can calculate your mortgage qualification based on income, purchase price, or total monthly payment—so plug in a couple of scenarios to see if the result matches what the amount you had designated as a Maximum Affordable Payment.
What is the difference between a Certified Pre-Ppproval and a pre-qualification?
Understanding the difference between a mortgage pre-qualification and Certified Pre-Approval is critical.
A mortgage pre-qualification is a simple calculation to see what you can afford based often on verbal communication of your income/debt levels (DTI), assets, down payment, employment history, and estimated credit score. You can get pre-qualified quickly but none of the information has likely been verified by documentation. Therefore, it may not hold as much weight when negotiating with sellers or their Realtors.
An Ark Certified Pre-Approval, on the other hand, is a written, conditional commitment from our company, valid for 60 days, stating you are pre-approved for the mortgage financing up to a specified amount based on submitted documentation. You’ll still need to complete a loan application, submit the address of the property you’ll ultimately buying, along an appraisal and other documents to get your actual loan underwritten.
What is required for a Certified Pre-Approval?
It’s a simple process in which we review your income and assets and review your credit history. It’s guaranteed for 60 days. Considering the weight a Certified Pre-Approval carries over a pre-qualification, doesn’t it make sense to request one?
How long does it take to get a Certified Pre-Approval?

Once a complete loan application is submitted, it normally takes less than 24 hours to receive your Certified Pre-Approval from Ark Mortgage!

How much mortgage can I afford?

The first step in buying a house is determining your budget, so start here to get an estimate of how much you could qualify for so you can see how it would fit into your monthly payments. You can calculate your mortgage qualification based on income, purchase price, or total monthly payment—so plug in a couple scenarios to see how it might affect your future home purchase.

The Ark Certified Pre-Approval Difference

  • Faster Applications

    Working with your Personal Mortgage Advisor, you’ll complete the Certified Pre-Approval app in less than 30 minutes.
  • Approvals in 1 Day

    Our in-house underwriting team will review your application and documents within 24 hours or less.
  • 2 Month Guarantee

    The Ark Mortgage Certified Pre-Approval conditionally guarantees your approval limit in writing for 60 days.
  • Close Within 3 Weeks

    With the Ark Express Mortgage, you’ll move from a completed application to the closing table in under 21 days.
  • A Lifetime of Savings

    The Ark Mortgage Lifetime Guarantee gives you the option to refinance later without origination or appraisal fees.
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