Tucson Mortgage Rates, Fees & Info

TUCSON, AZ

LEI: 549300YJD6GFEQBIEF90

Tax ID: 86-0098798

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

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Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • 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

    Tucson is a smaller mortgage company specializing in Home Improvement and Cash Out Refi loans. Tucson has a high proportion of conventional loans. Their top markets by origination volume include: Tucson, Phoenix, Sierra Vista, Nogales, and Prescott Valley among others. We have data for 5 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Tucson has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    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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    Originations

    215

    Origination Dollar Volume (All Markets)

    $14,225,000

    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
    TUCSON, AZ (FHA|USDA|VA) 205 $13,595,000 $66,317 $0 0.00%
    PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 6 $470,000 $78,333 $0 0.00%
    SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 2 $110,000 $55,000 $0 0.00%
    Nogales, AZ (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 1 $25,000 $25,000 $0 0.00%
    Tucson's top markets include Tucson, Phoenix, Sierra Vista, Nogales, and Prescott Valley among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 215 $14,225,000 $66,163 $0 0.00%

    For 2021, Tucson's most frequently originated type of loan was Conventional, with 215 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Improvement 121 $5,935,000 $49,050 $0 0.00%
    Cash Out Refi 70 $6,440,000 $92,000 $0 0.00%
    Refi 24 $1,850,000 $77,083 $0 0.00%

    For 2021, Tucson's most frequently cited loan purpose was Home Improvement, with 121 originations. The 2nd most popular reason was Cash Out Refi, with 70 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 215 $14,225,000 $66,163 $0 0.00%

    For 2021, Tucson's most frequently cited loan duration was Other, with 215 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100,000 or less 180 $9,090,000 $50,500 $0 0.00%
    $100k-200k 31 $4,185,000 $135,000 $0 0.00%
    $200k-400k 4 $950,000 $237,500 $0 0.00%

    2021 saw Tucson place emphasis on $100,000 or less loans with 180 originations, totaling $9,090,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $75k-100k 54 $3,690,000 $68,333 $0 0.00%
    $50k or less 49 $2,585,000 $52,755 $0 0.00%
    $50k-75k 45 $2,675,000 $59,444 $0 0.00%
    $100k-150k 40 $3,160,000 $79,000 $0 0.00%
    $150k-250k 22 $1,730,000 $78,636 $0 0.00%
    $250k+ 5 $385,000 $77,000 $0 0.00%

    Tucson lent most frequently to those with incomes in the $75k-100k range, with 54 originations. The second most popular income band? $50k or less, with 49 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 215 $14,225,000 $66,163 $0 0.00%

    Tucson lent most frequently to those with DTI ratios of Exempt%, with 215 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    White 194 $12,250,000 $63,144 $0 0.00%
    Asian 7 $945,000 $135,000 $0 0.00%
    American Indian 8 $630,000 $78,750 $0 0.00%
    Not applicable 1 $215,000 $215,000 $0 0.00%
    Black 2 $80,000 $40,000 $0 0.00%
    Native Hawaiian or Islander 1 $45,000 $45,000 $0 0.00%
    Japanese 1 $35,000 $35,000 $0 0.00%
    Not provided 1 $25,000 $25,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    94.90%

    Tucson has an average approval rate.

    Pick Rate

    Approvals leading to origination
    87.91%

    Tucson has an average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 215 $14,225,000 $66,163

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    215 $14,225,000 $66,163