Arizona Central Mortgage Rates, Fees & Info

Phoenix, AZ

LEI: 549300A76WI58XAFNF59

Tax ID: 86-0098350

5 stars - out of 5 stars, based on 23 reviews

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

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Mortgage Data

  • SimulatedRates™
  • Originations
  • Relative Rates
  • Relative Fees
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Similar Lenders
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Review & Overview

    Arizona Central is a smaller mortgage company specializing in Home Improvement, Cash Out Refi, and Home Purchase loans. Arizona Central has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, Tucson, Flagstaff, Show Low, and Prescott Valley among others. We have data for 11 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Arizona Central has a below average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Arizona Central is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    SimulatedRates™

    Mortgage Type     		Simulated Rate Simulation Date
    30 Year Conventional Purchase 6.60% 3/28/23
    30 Year Conventional Refi 6.49% 3/28/23
    30 Year Cash-out Refi 6.46% 3/28/23
    30 Year FHA Purchase 7.44% 3/28/23
    30 Year VA Purchase 6.27% 3/28/23
    15 Year Conventional Refi 6.39% 3/28/23
    15 Year Cash-out Refi 6.39% 3/28/23
    These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.


    Originations

    526

    Origination Dollar Volume (All Markets)

    $75,630,000
    Show all (8) awards

    Relative Rate

    Arizona Central's average 30 year fixed mortgage rate was 4.51%.

    The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.

    This yields a difference of -0.25%.

    Relative Fees (Closing Costs)

    Arizona Central's average total fees/closing costs for a 30 year fixed rate mortgage were $4,606.

    The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including both points & up-front fees in addition to origination fees) were $4,750.

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 415 $60,975,000 $146,928 $1,661 5.59%
    TUCSON, AZ (FHA|USDA|VA) 42 $5,450,000 $129,762 $1,874 5.63%
    FLAGSTAFF, AZ (FHA|USDA|VA) 28 $5,350,000 $191,071 $2,541 4.95%
    Show Low, AZ (FHA|USDA|VA) 21 $1,655,000 $78,810 $1,580 5.89%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 8 $1,170,000 $146,250 $1,724 6.08%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 4 $300,000 $75,000 $870 5.88%
    Safford, AZ (FHA|USDA|VA) 1 $185,000 $185,000 $5,966 6.75%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 2 $170,000 $85,000 $824 5.50%
    Outside of Metro Areas 2 $130,000 $65,000 $947 5.25%
    YUMA, AZ (FHA|USDA|VA) 1 $125,000 $125,000 $0 5.00%
    Payson, AZ (FHA|USDA|VA) 2 $120,000 $60,000 $1,084 5.56%
    Arizona Central's top markets include Phoenix, Tucson, Flagstaff, Show Low, and Prescott Valley among others.

    Their top states include:
  • Arizona (FHA|USDA|VA)

    • Similar Lenders

    We use machine learning to identify the top lenders compared against ARIZONA CENTRAL based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.

    First Credit Union
    Similarity Rank: 310
    UNITED SECURITY FINANCIAL CORP
    Similarity Rank: 1170
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1170
    Western State Bank
    Similarity Rank: 1710
    PIMA Federal Credit Union
    Similarity Rank: 1770
    ARIZONA CENTRAL
    Similarity Rank: 1771
    ALL WESTERN MORTGAGE, INC.
    Similarity Rank: 2552
    MERIWEST MORTGAGE COMPANY, LLC
    Similarity Rank: 2838
    AERO Federal Credit Union
    Similarity Rank: 2856
    Chicago Financial Services, Inc.
    Similarity Rank: 3131

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 443 $67,155,000 $151,591 $1,717 5.49%
    HELOC 83 $8,475,000 $102,108 n/a 6.09%

    For 2022, Arizona Central's most frequently originated type of loan was Conventional, with 443 originations. Their 2nd most popular type was HELOC, with 83 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 311 $35,305,000 $113,521 $1,192 5.67%
    Cash Out Refi 166 $22,120,000 $133,253 $1,511 5.64%
    Home Purchase 42 $16,480,000 $392,381 $5,477 4.98%
    Refi 7 $1,725,000 $246,429 $2,921 3.68%

    For 2022, Arizona Central's most frequently cited loan purpose was Home Improvement, with 311 originations. The 2nd most popular reason was Cash Out Refi, with 166 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 324 $32,460,000 $100,185 $930 5.83%
    30 Year 91 $32,375,000 $355,769 $4,606 4.51%
    Other 83 $8,475,000 $102,108 $0 6.09%
    10 Year 19 $1,185,000 $62,368 $953 5.32%
    15 Year 9 $1,135,000 $126,111 $2,447 3.51%

    For 2022, Arizona Central's most frequently cited loan duration was 20 Year, with 324 originations. The 2nd most popular length was 30 Year, with 91 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 342 $33,130,000 $96,871
    $1k-2k 70 $22,740,000 $324,857
    $2k-3k 12 $3,710,000 $309,167
    $5k+ 10 $4,980,000 $498,000
    $3k-4k 5 $1,485,000 $297,000
    $4k-5k 4 $1,110,000 $277,500

    Arizona Central's average total fees were $4,606, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 342 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    5-6% 155 $20,105,000 $129,710
    4-5% 155 $22,795,000 $147,065
    6-7% 122 $14,240,000 $116,721
    7-8% 41 $3,365,000 $82,073
    3-4% 36 $12,560,000 $348,889
    Over 8% 9 $975,000 $108,333
    2.5-3% 8 $1,590,000 $198,750

    During 2022, Arizona Central's average interest rate for loans was 4.51%, while their most frequently originated rate bucket for loans was 5-6%, with 155 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 252 $14,450,000 $57,341 $927 5.79%
    $100k-200k 162 $21,670,000 $133,765 $1,258 5.79%
    $200k-400k 79 $21,085,000 $266,899 $2,890 4.98%
    $400k-600k 22 $10,500,000 $477,273 $6,169 4.50%
    $600k-1MM 11 $7,925,000 $720,455 $5,651 4.31%

    2022 saw Arizona Central place emphasis on $100,000 or less loans with 252 originations, totaling $14,450,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 153 $21,065,000 $137,680 $1,594 5.74%
    $150k-250k 133 $24,245,000 $182,293 $1,908 5.65%
    $75k-100k 95 $12,275,000 $129,211 $1,754 5.65%
    $50k-75k 83 $7,365,000 $88,735 $1,353 5.37%
    $250k+ 32 $7,990,000 $249,688 $1,964 5.64%
    $50k or less 30 $2,690,000 $89,667 $2,174 4.80%

    Arizona Central lent most frequently to those with incomes in the $100k-150k range, with 153 originations. The second most popular income band? $150k-250k, with 133 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 106 $14,590,000 $137,642 $1,817 5.41%
    30-36% 98 $13,900,000 $141,837 $1,803 5.61%
    44% 61 $8,535,000 $139,918 $1,484 5.96%
    <20% 45 $5,215,000 $115,889 $2,201 5.64%
    43% 36 $4,800,000 $133,333 $1,241 5.73%
    42% 34 $4,670,000 $137,353 $1,205 5.79%
    41% 32 $4,550,000 $142,188 $1,839 5.46%
    40% 22 $3,740,000 $170,000 $1,569 5.64%
    39% 22 $4,980,000 $226,364 $2,408 5.08%
    38% 19 $1,965,000 $103,421 $1,182 5.71%
    37% 14 $1,610,000 $115,000 $1,529 5.38%
    36% 14 $1,840,000 $131,429 $1,444 5.50%
    45% 7 $1,355,000 $193,571 $1,720 5.46%
    46% 6 $1,210,000 $201,667 $2,172 5.44%
    48% 4 $810,000 $202,500 $2,378 5.12%
    47% 3 $835,000 $278,333 $5,916 5.29%
    49% 3 $1,025,000 $341,667 $3,838 4.58%

    Arizona Central lent most frequently to those with DTI ratios of 20-30%, with 106 originations. The next most common DTI ratio? 30-36%, with 98 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 373 $54,425,000 $145,912 $1,710 5.58%
    Not provided 116 $14,250,000 $122,845 $1,467 5.68%
    Black 11 $2,965,000 $269,545 $3,820 5.20%
    Asian 18 $2,590,000 $143,889 $1,442 5.63%
    Native Hawaiian or Islander 3 $925,000 $308,333 $5,546 4.25%
    American Indian 5 $475,000 $95,000 $1,128 5.00%

    Approval Rates

    Total approvals of all applications
    67.66%

    Arizona Central has a low approval rate. They may have poor market targeting or stringent lending standards.

    Pick Rate

    Approvals leading to origination
    38.40%

    Arizona Central has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    NA 526 $75,630,000 $143,783

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    526 $75,630,000 $143,783

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 148 $21,720,000 $146,757 $1,209 5.76%
    40-60% 24 $5,660,000 $235,833 $3,076 4.72%
    60-80% 41 $16,165,000 $394,268 $4,604 4.37%
    80-100% 26 $11,540,000 $443,846 $5,733 4.78%
    Under 20% 287 $20,545,000 $71,585 $895 5.81%