Arizona Central Mortgage Rates, Fees & Info

Phoenix, AZ

LEI: 549300A76WI58XAFNF59

Tax ID: 86-0098350

Latest/2023 | 2022 Data | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

  • SimulatedRates™
  • Mortgage Calculator

    • Mortgage Data

  • Originations
  • 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, Refi, and Home Purchase loans. Arizona Central has a high proportion of conventional loans. Their top markets by origination volume include: Phoenix, Flagstaff, Tucson, Show Low, and Prescott Valley among others. We have data for 8 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Arizona Central has an 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% 12/16/24
    30 Year Conventional Refi 6.49% 12/16/24
    30 Year Cash-out Refi 6.46% 12/16/24
    30 Year FHA Purchase 7.44% 12/16/24
    30 Year VA Purchase 6.27% 12/16/24
    15 Year Conventional Refi 6.39% 12/16/24
    15 Year Cash-out Refi 6.39% 12/16/24
    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.

    Arizona Central Mortgage Calculator






    Your Estimates

    Estimated Loan Payment: Update the calculator values and click calculate payment!

    This is not an official calculator from Arizona Central. It uses our SimulatedRate™ technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.

    The default purchase price is the median sales price across the US for 2022Q4, per FRED.


    Originations

    771

    Origination Dollar Volume (All Markets)

    $105,265,000

    Awards

    ARIZONA CENTRAL 30 Year Conventional Loans bronze ARIZONA CENTRAL 30 Year Conventional Loans gold
    Show all (2) awards

    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) 615 $83,385,000 $135,585 $2,191 5.80%
    FLAGSTAFF, AZ (FHA|USDA|VA) 53 $9,975,000 $188,208 $2,743 4.61%
    TUCSON, AZ (FHA|USDA|VA) 59 $5,525,000 $93,644 $1,786 5.95%
    Show Low, AZ (FHA|USDA|VA) 23 $2,955,000 $128,478 $2,620 4.82%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 9 $2,025,000 $225,000 $2,938 4.61%
    Payson, AZ (FHA|USDA|VA) 6 $790,000 $131,667 $2,746 5.15%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 4 $480,000 $120,000 $2,128 6.00%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $130,000 $65,000 $1,397 8.13%
    Arizona Central's top markets include Phoenix, Flagstaff, Tucson, 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.

    Deer Valley Credit Union
    Similarity Rank: 820
    ARIZONA
    Similarity Rank: 1296
    PIMA Federal Credit Union
    Similarity Rank: 1344
    BELEM SERVICING LLC
    Similarity Rank: 1598
    First Credit Union
    Similarity Rank: 1639
    Canyon State Credit Union
    Similarity Rank: 1710
    CREDIT UNION WEST
    Similarity Rank: 1806
    LOANFLIGHT LENDING, LLC
    Similarity Rank: 1850
    ARIZONA CENTRAL
    Similarity Rank: 2200
    VANTAGE WEST
    Similarity Rank: 2430

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 737 $102,545,000 $139,138 $2,219 5.67%
    HELOC 34 $2,720,000 $80,000 n/a 6.06%

    For 2019, Arizona Central's most frequently originated type of loan was Conventional, with 737 originations. Their 2nd most popular type was HELOC, with 34 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 318 $24,980,000 $78,553 $1,266 6.66%
    Cash Out Refi 208 $28,210,000 $135,625 $2,060 5.89%
    Refi 132 $26,320,000 $199,394 $2,559 4.27%
    Home Purchase 113 $25,755,000 $227,920 $4,452 4.23%

    For 2019, Arizona Central's most frequently cited loan purpose was Home Improvement, with 318 originations. The 2nd most popular reason was Cash Out Refi, with 208 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    20 Year 376 $23,610,000 $62,793 $930 7.14%
    30 Year 288 $69,630,000 $241,771 $3,827 4.07%
    15 Year 42 $7,250,000 $172,619 $3,059 3.48%
    Other 34 $2,720,000 $80,000 $0 6.06%
    10 Year 31 $2,055,000 $66,290 $1,008 5.60%

    For 2019, Arizona Central's most frequently cited loan duration was 20 Year, with 376 originations. The 2nd most popular length was 30 Year, with 288 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $<1k 400 $23,820,000 $59,550
    $1k-2k 265 $57,355,000 $216,434
    $2k-3k 29 $6,025,000 $207,759
    $3k-4k 15 $3,435,000 $229,000
    $4k-5k 13 $4,775,000 $367,308
    $5k+ 13 $6,425,000 $494,231

    Arizona Central's average total fees were $3,827, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 400 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    3-4% 204 $45,150,000 $221,324
    4-5% 160 $30,550,000 $190,938
    7-8% 137 $8,945,000 $65,292
    Over 8% 129 $7,865,000 $60,969
    5-6% 82 $7,830,000 $95,488
    6-7% 54 $3,620,000 $67,037
    2.5-3% 5 $1,305,000 $261,000

    During 2019, Arizona Central's average interest rate for loans was 4.07%, while their most frequently originated rate bucket for loans was 3-4%, with 204 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 411 $21,125,000 $51,399 $1,038 6.77%
    $200k-400k 191 $51,655,000 $270,445 $3,754 4.11%
    $100k-200k 150 $22,410,000 $149,400 $2,711 4.90%
    $400k-600k 15 $6,745,000 $449,667 $5,399 4.23%
    $1MM+ 2 $2,010,000 $1,005,000 $9,987 4.44%
    $600k-1MM 2 $1,320,000 $660,000 $13,468 4.56%

    2019 saw Arizona Central place emphasis on $100,000 or less loans with 411 originations, totaling $21,125,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 212 $31,070,000 $146,557 $2,054 5.77%
    $75k-100k 167 $21,485,000 $128,653 $2,155 5.65%
    $50k-75k 156 $19,200,000 $123,077 $2,136 5.48%
    $150k-250k 108 $15,330,000 $141,944 $2,060 6.51%
    $50k or less 93 $10,285,000 $110,591 $2,792 4.63%
    $250k+ 34 $7,340,000 $215,882 $2,884 6.60%

    Arizona Central lent most frequently to those with incomes in the $100k-150k range, with 212 originations. The second most popular income band? $75k-100k, with 167 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 156 $22,740,000 $145,769 $2,233 5.05%
    30-36% 151 $21,635,000 $143,278 $2,258 5.49%
    43% 59 $7,545,000 $127,881 $1,902 6.19%
    42% 52 $6,520,000 $125,385 $2,204 6.21%
    <20% 49 $7,955,000 $162,347 $2,892 4.29%
    44% 46 $4,080,000 $88,696 $1,353 7.14%
    38% 39 $4,775,000 $122,436 $2,368 6.27%
    37% 37 $5,115,000 $138,243 $2,212 6.09%
    40% 32 $4,490,000 $140,313 $2,863 5.32%
    41% 31 $3,485,000 $112,419 $1,621 6.28%
    39% 30 $4,590,000 $153,000 $2,522 6.06%
    36% 23 $2,735,000 $118,913 $1,954 5.55%
    45% 17 $1,955,000 $115,000 $2,019 6.45%
    47% 13 $1,465,000 $112,692 $1,753 6.55%
    46% 12 $1,500,000 $125,000 $2,358 6.10%
    48% 6 $1,460,000 $243,333 $3,297 4.33%
    49% 6 $1,320,000 $220,000 $3,449 4.12%
    50-60% 6 $610,000 $101,667 $1,301 7.73%
    >60% 4 $390,000 $97,500 $1,934 5.28%

    Arizona Central lent most frequently to those with DTI ratios of 20-30%, with 156 originations. The next most common DTI ratio? 30-36%, with 151 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 664 $88,420,000 $133,163 $2,165 5.70%
    Not provided 53 $8,365,000 $157,830 $2,721 5.43%
    Black 22 $3,000,000 $136,364 $1,926 6.65%
    Asian 16 $2,710,000 $169,375 $2,955 4.93%
    Not applicable 7 $1,495,000 $213,571 $3,216 5.18%
    American Indian 6 $970,000 $161,667 $2,154 5.15%
    Native Hawaiian or Islander 3 $305,000 $101,667 $1,685 7.17%

    Approval Rates

    Total approvals of all applications
    76.59%

    Arizona Central has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    56.55%

    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 771 $105,265,000 $136,530

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 1 $555,000 $555,000
    Single Family (1-4 Units):Site-Built 770 $104,710,000 $135,987

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 135 $12,015,000 $89,000 $1,259 6.74%
    40-60% 49 $8,055,000 $164,388 $2,679 4.21%
    60-80% 168 $41,880,000 $249,286 $3,681 4.08%
    80-100% 110 $27,920,000 $253,818 $4,185 4.07%
    Under 20% 308 $14,840,000 $48,182 $889 6.92%