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 Refi and Cash Out Refi 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% 4/18/24
    30 Year Conventional Refi 6.49% 4/18/24
    30 Year Cash-out Refi 6.46% 4/18/24
    30 Year FHA Purchase 7.44% 4/18/24
    30 Year VA Purchase 6.27% 4/18/24
    15 Year Conventional Refi 6.39% 4/18/24
    15 Year Cash-out Refi 6.39% 4/18/24
    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

    894

    Origination Dollar Volume (All Markets)

    $176,470,000
    Show all (7) 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) 696 $136,140,000 $195,603 $2,536 4.08%
    FLAGSTAFF, AZ (FHA|USDA|VA) 75 $20,185,000 $269,133 $3,042 3.04%
    TUCSON, AZ (FHA|USDA|VA) 61 $8,625,000 $141,393 $2,134 4.40%
    Show Low, AZ (FHA|USDA|VA) 38 $7,650,000 $201,316 $2,794 3.05%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 11 $2,255,000 $205,000 $2,742 3.80%
    Payson, AZ (FHA|USDA|VA) 6 $830,000 $138,333 $2,244 3.02%
    LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 3 $435,000 $145,000 $2,564 3.46%
    Outside of Metro Areas 4 $350,000 $87,500 $2,344 4.69%
    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.

    BLUE BRICK FINANCIAL LLC
    Similarity Rank: 825
    TRI-EMERALD FINANCIAL GROUP, INC.
    Similarity Rank: 1054
    Armed Forces Bank
    Similarity Rank: 1136
    PIMA Federal Credit Union
    Similarity Rank: 1152
    ARIZONA CENTRAL
    Similarity Rank: 1512
    First Credit Union
    Similarity Rank: 1573
    ALTITUDE FINANCIAL CORPORATION
    Similarity Rank: 1988
    Canyon State Credit Union
    Similarity Rank: 2387
    Western State Bank
    Similarity Rank: 2900
    Bank of Whittier
    Similarity Rank: 3105

    Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 863 $174,485,000 $202,184 $2,560 3.92%
    HELOC 31 $1,985,000 $64,032 n/a 5.30%

    For 2020, Arizona Central's most frequently originated type of loan was Conventional, with 863 originations. Their 2nd most popular type was HELOC, with 31 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Refi 326 $79,100,000 $242,638 $2,625 2.79%
    Home Improvement 280 $31,230,000 $111,536 $1,561 5.46%
    Cash Out Refi 179 $37,315,000 $208,464 $2,675 3.98%
    Home Purchase 109 $28,825,000 $264,450 $4,589 3.60%

    For 2020, Arizona Central's most frequently cited loan purpose was Refi, with 326 originations. The 2nd most popular reason was Home Improvement, with 280 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    30 Year 479 $125,175,000 $261,326 $3,359 2.97%
    20 Year 258 $22,330,000 $86,550 $1,104 6.12%
    15 Year 98 $20,910,000 $213,367 $2,726 2.60%
    Other 31 $1,985,000 $64,032 $0 5.30%
    10 Year 27 $5,195,000 $192,407 $1,517 4.33%
    5 Year 1 $875,000 $875,000 $0 4.25%

    For 2020, Arizona Central's most frequently cited loan duration was 30 Year, with 479 originations. The 2nd most popular length was 20 Year, with 258 originations.

    Origination Fees/Closing Costs

    Origination Fee/Closing Cost Originations Total Value Average Loan
    $1k-2k 526 $125,250,000 $238,118
    $<1k 253 $18,935,000 $74,842
    $2k-3k 37 $9,025,000 $243,919
    $3k-4k 19 $4,815,000 $253,421
    $5k+ 17 $9,815,000 $577,353
    $4k-5k 7 $2,745,000 $392,143

    Arizona Central's average total fees were $3,359, while their most frequently occuring range of origination fees (closing costs) were in the $1k-2k bucket, with 526 originations.

    Interest Rates

    Loan Rate Originations Total Value Average Loan
    2.5-3% 232 $59,080,000 $254,655
    3-4% 193 $52,405,000 $271,528
    <2.5% 180 $42,500,000 $236,111
    6-7% 130 $9,750,000 $75,000
    5-6% 61 $4,275,000 $70,082
    4-5% 49 $5,595,000 $114,184
    7-8% 32 $1,910,000 $59,688
    Over 8% 17 $955,000 $56,176

    During 2020, Arizona Central's average interest rate for loans was 2.97%, while their most frequently originated rate bucket for loans was 2.5-3%, with 232 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $200k-400k 352 $97,690,000 $277,528 $3,119 2.95%
    $100,000 or less 265 $14,575,000 $55,000 $1,114 5.95%
    $100k-200k 218 $32,410,000 $148,670 $2,590 3.40%
    $400k-600k 49 $23,065,000 $470,714 $4,214 3.03%
    $600k-1MM 9 $6,925,000 $769,444 $11,705 3.56%
    $1MM+ 1 $1,805,000 $1,805,000 $0 3.80%

    2020 saw Arizona Central place emphasis on $200k-400k loans with 352 originations, totaling $97,690,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 221 $43,625,000 $197,398 $2,366 4.16%
    $50k-75k 178 $31,820,000 $178,764 $2,643 3.58%
    $75k-100k 175 $34,165,000 $195,229 $2,367 3.99%
    $150k-250k 153 $34,125,000 $223,039 $2,561 4.56%
    $50k or less 119 $16,365,000 $137,521 $2,811 3.32%
    $250k+ 38 $10,960,000 $288,421 $3,341 4.35%

    Arizona Central lent most frequently to those with incomes in the $100k-150k range, with 221 originations. The second most popular income band? $50k-75k, with 178 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    20-30% 226 $48,790,000 $215,885 $2,647 3.64%
    30-36% 160 $31,870,000 $199,188 $2,631 3.87%
    <20% 111 $19,615,000 $176,712 $2,447 3.41%
    40% 47 $8,565,000 $182,234 $2,546 4.58%
    42% 45 $9,075,000 $201,667 $2,509 4.42%
    43% 41 $5,885,000 $143,537 $1,885 5.19%
    37% 37 $5,935,000 $160,405 $2,473 4.58%
    44% 36 $5,820,000 $161,667 $2,526 4.50%
    39% 36 $5,970,000 $165,833 $2,794 4.43%
    41% 34 $6,220,000 $182,941 $2,364 4.36%
    36% 33 $5,875,000 $178,030 $2,294 4.20%
    38% 32 $6,900,000 $215,625 $2,708 3.86%
    45% 17 $3,465,000 $203,824 $2,539 3.82%
    46% 13 $3,125,000 $240,385 $3,053 3.74%
    48% 8 $2,420,000 $302,500 $3,269 2.97%
    49% 8 $1,880,000 $235,000 $3,162 2.89%
    47% 5 $955,000 $191,000 $2,518 3.10%
    50-60% 1 $205,000 $205,000 $2,631 3.38%

    Arizona Central lent most frequently to those with DTI ratios of 20-30%, with 226 originations. The next most common DTI ratio? 30-36%, with 160 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 737 $138,145,000 $187,442 $2,507 4.04%
    Not provided 76 $16,220,000 $213,421 $2,762 3.58%
    Not applicable 18 $7,280,000 $404,444 $2,842 3.14%
    Black 28 $6,810,000 $243,214 $3,233 4.26%
    Asian 25 $6,105,000 $244,200 $2,476 3.42%
    American Indian 9 $1,875,000 $208,333 $2,690 3.42%
    Native Hawaiian or Islander 1 $35,000 $35,000 $0 5.75%

    Approval Rates

    Total approvals of all applications
    76.29%

    Arizona Central has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    29.19%

    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 894 $176,470,000 $197,394

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 4 $3,900,000 $975,000
    Single Family (1-4 Units):Site-Built 890 $172,570,000 $193,899

    LTV Distribution

    Loan to Value Originations Total Value Average Loan Average Fees Average Rate
    20-40% 100 $11,440,000 $114,400 $1,671 4.92%
    40-60% 145 $30,745,000 $212,034 $2,601 2.72%
    60-80% 319 $86,735,000 $271,897 $3,268 3.05%
    80-100% 108 $31,630,000 $292,870 $4,128 2.99%
    Under 20% 218 $12,020,000 $55,138 $930 6.17%