Arizona Central Mortgage Rates, Fees & InfoPhoenix, AZ
Tax ID: 86-0098350
Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data
Review & OverviewArizona 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.
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|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.|
Origination Dollar Volume (All Markets)$75,630,000
Arizona Central's average 30 year fixed mortgage rate was
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.
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%|
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.
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|Loan Type||Originations||Total Value||Avg. Loan||Avg. Fees||Avg. Rate|
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.
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.
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|
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.
|Loan Rate||Originations||Total Value||Average Loan|
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.
2022 saw Arizona Central place emphasis on $100,000 or less loans with 252 originations, totaling $14,450,000 in origination value.
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
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.
Approval RatesTotal approvals of all applications
Arizona Central has a low approval rate. They may have poor market targeting or stringent lending standards.
Pick RateApprovals leading to origination
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|