Payson FHA Loan Rates, Closing Costs & Stats

Payson, AZ

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Payson's 55 lenders originated 183 FHA loans during 2024. The total origination value was $47,505,000, with an average FHA loan value of $259,590.

    Payson FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Payson averaged 6.6% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Payson's average FHA mortgage closing costs are $8,675.

    The average rate for the prior week (2025-03-28) was 6.8% and one month ago for the week of 2025-02-28, the average rate was 6.88%.

    The average rate one year ago was 6.8%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.27%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Payson FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Payson level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 20 6.02% $16,059
    SUN AMERICAN MORTGAGE COMPANY 13 6.52% $8,513
    QUICKEN LOANS, LLC 12 6.28% $12,555
    AMERICAN PACIFIC MORTGAGE CORPORATION 12 6.59% $12,804
    GENEVA FINANCIAL, LLC 9 6.78% $13,741
    GUILD MORTGAGE COMPANY 7 6.91% $13,856
    BROKER SOLUTIONS, INC. 5 6.30% $15,768
    AMERICAN FINANCIAL RESOURCES, INC. 4 6.56% $10,462
    FREEDOM MORTGAGE CORPORATION 4 6.47% $9,544
    PENNYMAC LOAN SERVICES, LLC 4 5.87% $11,522
    NEWREZ LLC 4 6.40% $8,662
    Equity Prime Mortgage LLC 4 6.47% $13,562
    CMG MORTGAGE, INC. 3 6.29% $10,912
    LOANDEPOT.COM, LLC 3 7.12% $11,567
    GUARANTEED RATE AFFINITY, LLC 3 6.25% $17,261
    MOVEMENT MORTGAGE, LLC 3 5.75% $13,701
    BAY EQUITY LLC 3 6.67% $11,862
    Flagstar Bank, FSB 3 5.86% $11,911
    PRIMELENDING, A PLAINSCAPITAL COMPANY 2 5.81% $15,113
    AMERISAVE MORTGAGE CORPORATION 2 6.94% $8,771
    SECURITYNATIONAL MORTGAGE COMPANY 2 7.19% $8,635
    Carrington Mortgage Services, LLC 2 5.81% $14,567
    SUCCESS MORTGAGE PARTNERS, INC. 2 6.13% $16,453
    NORWICH COMMERCIAL GROUP, INC. 2 5.94% $10,821
    Plains Commerce Bank 2 6.88% $9,910
    TOP FLITE FINANCIAL, INC. 1 7.13% $8,373
    TOWNE MORTGAGE COMPANY 1 5.75% $15,619
    VILLAGE CAPITAL MORTGAGE 1 6.75% $2,088
    V.I.P. MORTGAGE, INC. 1 6.25% $11,958
    Wallick & Volk, Inc. 1 6.50% $5,477
    ZILLOW HOME LOANS, LLC 1 5.75% $11,473
    AMERICAN FINANCING CORPORATION 1 5.63% $17,667
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 1 6.49% $15,138
    Barrington Bank & Trust Company, N.A. 1 6.75% $5,777
    Century Mortgage Company DBA Century Lending Company 1 7.00% $15,419
    DIRECT MORTGAGE LOANS, LLC 1 5.38% $9,865
    EMM LOANS LLC 1 5.88% $16,332
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 1 5.75% $14,066
    Franklin Loan Corporation 1 6.63% $9,999
    Hometown Equity Mortgage, LLC 1 5.63% $16,357
    LADERA LENDING, INC. 1 5.75% $13,762
    MORIA DEVELOPMENT, INC. 1 6.75% $16,180
    Mr. Cooper ( Nationstar Mortgage ) 1 6.75% $8,390
    North American Savings Bank, F.S.B. 1 6.25% $12,928
    NOVA FINANCIAL & INVESTMENT CORPORATION 1 6.49% $3,882
    OCEANSIDE MORTGAGE COMPANY 1 5.63% $3,619
    OCMBC, INC. 1 6.25% $15,855
    Paramount Residential Mortgage Group, Inc. 1 5.75% $5,562
    PLANET HOME LENDING, LLC 1 6.38% $6,071
    PLAZA HOME MORTGAGE, INC. 1 5.63% $13,198
    PREMIER LENDING, INC. 1 7.13% $8,356
    Prosperity Home Mortgage, LLC 1 6.75% $8,997
    RESIDENTIAL BANCORP 1 6.63% $11,501
    Sierra Pacific Mortgage Company, Inc. 1 6.13% $11,421
    The Loan Store, Inc. 1 6.75% $12,377

    The top Payson FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 20 FHA loans originated. Their average total fees are $16,059, which is $7,545 higher than the next largest lender, SUN AMERICAN MORTGAGE COMPANY.

    The lowest fee Payson FHA lenders (with over 10 loans originated) are SUN AMERICAN MORTGAGE COMPANY ($8,513), QUICKEN LOANS, LLC ($12,555), AMERICAN PACIFIC MORTGAGE CORPORATION ($12,804), UNITED WHOLESALE MORTGAGE, LLC ($16,059) and .

    The lowest rate Payson FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (6.02%), QUICKEN LOANS, LLC (6.28%), SUN AMERICAN MORTGAGE COMPANY (6.52%), AMERICAN PACIFIC MORTGAGE CORPORATION (6.59%) and .

    Payson FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    PAYSON, AZ GILA 2022 $420,680 $538,650 $651,050 $809,150
    PAYSON, AZ GILA 2023 $472,030 $604,400 $730,525 $907,900

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Payson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $301,175 (11.7%) $432,695 (12.2%) 0.00 355
    2018-02-01 $299,900 (9.1%) $428,093 (11.6%) 0.00 346
    2018-03-01 $299,900 (8.6%) $425,672 (10.4%) 0.00 367
    2018-04-01 $310,750 (4.3%) $422,226 (5.6%) 0.00 380
    2018-05-01 $316,750 (5.8%) $421,001 (3.5%) 0.00 417
    2018-06-01 $319,250 (4.8%) $423,219 (0.8%) 0.00 436
    2018-07-01 $325,900 (3.5%) $427,062 (1.1%) 0.00 435
    2018-08-01 $339,450 (6.2%) $441,756 (2.2%) 0.00 403
    2018-09-01 $349,500 (11.0%) $461,279 (6.8%) 0.00 394
    2018-10-01 $342,000 (14.4%) $463,468 (11.3%) 0.00 374
    2018-11-01 $339,500 (13.7%) $466,231 (12.9%) 0.00 359
    2018-12-01 $335,900 (12.3%) $466,004 (9.3%) 0.00 335
    2019-01-01 $346,000 (14.9%) $457,522 (5.7%) 0.00 283
    2019-02-01 $349,675 (16.6%) $454,444 (6.2%) 0.00 306
    2019-03-01 $343,900 (14.7%) $449,298 (5.6%) 0.00 330
    2019-04-01 $335,675 (8.0%) $440,698 (4.4%) 0.00 364
    2019-05-01 $337,225 (6.5%) $440,824 (4.7%) 0.00 384
    2019-06-01 $339,000 (6.2%) $439,801 (3.9%) 0.00 403
    2019-07-01 $333,750 (2.4%) $431,102 (1.0%) 0.00 429
    2019-08-01 $336,333 (-0.9%) $433,250 (-1.9%) 0.00 412
    2019-09-01 $336,982 (-3.6%) $432,471 (-6.3%) 0.00 392
    2019-10-01 $338,244 (-1.1%) $432,656 (-6.7%) 0.00 374
    2019-11-01 $345,000 (1.6%) $445,416 (-4.5%) 0.00 333
    2019-12-01 $342,250 (1.9%) $452,698 (-2.9%) 0.00 308
    2020-01-01 $338,800 (-2.1%) $459,233 (0.4%) 0.00 259
    2020-02-01 $332,200 (-5.0%) $471,419 (3.7%) 0.00 256
    2020-03-01 $358,000 (4.1%) $476,585 (6.1%) 0.00 276
    2020-04-01 $332,700 (-0.9%) $451,788 (2.5%) 0.00 304
    2020-05-01 $340,000 (0.8%) $458,995 (4.1%) 0.00 300
    2020-06-01 $344,825 (1.7%) $467,573 (6.3%) 0.00 254
    2020-07-01 $364,900 (9.3%) $493,258 (14.4%) 0.00 207
    2020-08-01 $364,900 (8.5%) $517,614 (19.5%) 0.00 151
    2020-09-01 $362,450 (7.6%) $546,616 (26.4%) 0.00 142
    2020-10-01 $399,500 (18.1%) $585,833 (35.4%) 0.00 129
    2020-11-01 $396,000 (14.8%) $618,216 (38.8%) 0.00 112
    2020-12-01 $389,500 (13.8%) $609,469 (34.6%) 0.00 102
    2021-01-01 $399,900 (18.0%) $623,115 (35.7%) 0.00 102
    2021-02-01 $432,500 (30.2%) $748,470 (58.8%) 0.00 89
    2021-03-01 $471,833 (31.8%) $761,421 (59.8%) 0.00 92
    2021-04-01 $438,750 (31.9%) $697,260 (54.3%) 0.00 108
    2021-05-01 $450,278 (32.4%) $665,506 (45.0%) 0.00 110
    2021-06-01 $472,000 (36.9%) $654,847 (40.1%) 0.00 118
    2021-07-01 $457,000 (25.2%) $629,544 (27.6%) 0.00 129
    2021-08-01 $470,000 (28.8%) $618,444 (19.5%) 0.00 139
    2021-09-01 $465,250 (28.4%) $627,410 (14.8%) 0.00 143
    2021-10-01 $455,000 (13.9%) $644,880 (10.1%) 0.00 134
    2021-11-01 $443,475 (12.0%) $648,439 (4.9%) 0.00 115
    2021-12-01 $444,450 (14.1%) $647,938 (6.3%) 0.00 105
    2022-01-01 $450,000 (12.5%) $642,038 (3.0%) 0.00 98
    2022-02-01 $439,000 (1.5%) $592,471 (-20.8%) 0.00 102
    2022-03-01 $443,738 (-6.0%) $629,036 (-17.4%) 0.00 104
    2022-04-01 $482,200 (9.9%) $644,438 (-7.6%) 0.00 135
    2022-05-01 $499,475 (10.9%) $640,465 (-3.8%) 0.00 189
    2022-06-01 $532,000 (12.7%) $651,282 (-0.5%) 0.00 241
    2022-07-01 $525,000 (14.9%) $645,073 (2.5%) 0.00 273
    2022-08-01 $512,375 (9.0%) $620,123 (0.3%) 0.00 287
    2022-09-01 $497,000 (6.8%) $601,382 (-4.2%) 0.00 298
    2022-10-01 $489,250 (7.5%) $595,189 (-7.7%) 0.00 290
    2022-11-01 $476,000 (7.3%) $591,591 (-8.8%) 0.00 279
    2022-12-01 $474,900 (6.9%) $582,460 (-10.1%) 0.00 239
    2023-01-01 $462,200 (2.7%) $569,696 (-11.3%) 0.00 210
    2023-02-01 $472,225 (7.6%) $622,519 (5.1%) 0.00 192
    2023-03-01 $482,000 (8.6%) $632,898 (0.6%) 0.00 189
    2023-04-01 $513,500 (6.5%) $633,645 (-1.7%) 0.00 200
    2023-05-01 $515,000 (3.1%) $619,335 (-3.3%) 0.00 237
    2023-06-01 $525,000 (-1.3%) $650,902 (-0.1%) 0.00 271
    2023-07-01 $525,000 (0.0%) $676,277 (4.8%) 0.00 281
    2023-08-01 $495,000 (-3.4%) $671,175 (8.2%) 0.00 294
    2023-09-01 $499,000 (0.4%) $692,276 (15.1%) 0.00 286
    2023-10-01 $479,750 (-1.9%) $659,134 (10.7%) 0.00 297
    2023-11-01 $477,875 (0.4%) $653,108 (10.4%) 0.00 295
    2023-12-01 $474,950 (0.0%) $649,069 (11.4%) 0.00 268
    2024-01-01 $494,125 (6.9%) $640,198 (12.4%) 0.00 226
    2024-02-01 $560,750 (18.8%) $683,812 (9.9%) 0.00 226
    2024-03-01 $527,500 (9.4%) $680,717 (7.6%) 0.00 282
    2024-04-01 $529,075 (3.0%) $684,559 (8.0%) 0.00 311
    2024-05-01 $542,500 (5.3%) $676,856 (9.3%) 0.00 355
    2024-06-01 $539,900 (2.8%) $666,931 (2.5%) 0.00 376
    2024-07-01 $511,250 (-2.6%) $642,087 (-5.1%) 0.00 383
    2024-08-01 $499,900 (1.0%) $626,933 (-6.6%) 0.00 377
    2024-09-01 $499,000 (0.0%) $609,749 (-11.9%) 0.00 368
    2024-10-01 $499,475 (4.1%) $631,776 (-4.2%) 0.00 352
    2024-11-01 $499,999 (4.6%) $643,057 (-1.5%) 0.00 346
    2024-12-01 $496,750 (4.6%) $627,334 (-3.4%) 0.00 324
    2025-01-01 $482,200 (-2.4%) $624,805 (-2.4%) 0.00 287
    2025-02-01 $479,575 (-14.5%) $621,155 (-9.2%) 0.00 308
    2025-03-01 $498,250 (-5.6%) $626,703 (-7.9%) 0.00 362
    Payson's median listing price for 2025-03-01 was $498,250, a difference of $-29,250 (-5.6%) versus the prior year and $18,675 versus the prior month.

    Payson's median listing price comes in at 0% of the national average.

    Payson's average listing price for 2025-03-01 was $626,703, a difference of $-54,014 (-7.9%) versus the prior year and $5,548 versus the prior month.

    For the 2025-03-01 period, Payson had 362 MLS listings, a difference of 54 listings (18%) versus the prior month and 80 listings (28%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Payson (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,960 sqft
    2018-02-01 0 days 1,926 sqft
    2018-03-01 0 days 1,951 sqft
    2018-04-01 0 days 1,903 sqft
    2018-05-01 0 days 1,863 sqft
    2018-06-01 0 days 1,877 sqft
    2018-07-01 0 days 1,887 sqft
    2018-08-01 0 days 1,911 sqft
    2018-09-01 0 days 1,935 sqft
    2018-10-01 0 days 1,918 sqft
    2018-11-01 0 days 1,898 sqft
    2018-12-01 0 days 1,840 sqft
    2019-01-01 0 days 1,888 sqft
    2019-02-01 0 days 1,894 sqft
    2019-03-01 0 days 1,864 sqft
    2019-04-01 0 days 1,826 sqft
    2019-05-01 0 days 1,835 sqft
    2019-06-01 0 days 1,846 sqft
    2019-07-01 0 days 1,823 sqft
    2019-08-01 0 days 1,870 sqft
    2019-09-01 0 days 1,892 sqft
    2019-10-01 0 days 1,906 sqft
    2019-11-01 0 days 1,906 sqft
    2019-12-01 0 days 1,926 sqft
    2020-01-01 0 days 1,939 sqft
    2020-02-01 0 days 1,855 sqft
    2020-03-01 0 days 1,934 sqft
    2020-04-01 0 days 1,830 sqft
    2020-05-01 0 days 1,891 sqft
    2020-06-01 0 days 1,935 sqft
    2020-07-01 0 days 2,025 sqft
    2020-08-01 0 days 2,020 sqft
    2020-09-01 0 days 2,062 sqft
    2020-10-01 0 days 2,074 sqft
    2020-11-01 0 days 2,101 sqft
    2020-12-01 0 days 2,053 sqft
    2021-01-01 0 days 2,088 sqft
    2021-02-01 0 days 2,172 sqft
    2021-03-01 0 days 2,282 sqft
    2021-04-01 0 days 2,123 sqft
    2021-05-01 0 days 2,066 sqft
    2021-06-01 0 days 1,913 sqft
    2021-07-01 0 days 1,811 sqft
    2021-08-01 0 days 1,816 sqft
    2021-09-01 0 days 1,787 sqft
    2021-10-01 0 days 1,799 sqft
    2021-11-01 0 days 1,750 sqft
    2021-12-01 0 days 1,724 sqft
    2022-01-01 0 days 1,750 sqft
    2022-02-01 0 days 1,576 sqft
    2022-03-01 0 days 1,609 sqft
    2022-04-01 0 days 1,684 sqft
    2022-05-01 0 days 1,729 sqft
    2022-06-01 0 days 1,744 sqft
    2022-07-01 0 days 1,763 sqft
    2022-08-01 0 days 1,747 sqft
    2022-09-01 0 days 1,754 sqft
    2022-10-01 0 days 1,771 sqft
    2022-11-01 0 days 1,752 sqft
    2022-12-01 0 days 1,700 sqft
    2023-01-01 0 days 1,646 sqft
    2023-02-01 0 days 1,690 sqft
    2023-03-01 0 days 1,742 sqft
    2023-04-01 0 days 1,722 sqft
    2023-05-01 0 days 1,721 sqft
    2023-06-01 0 days 1,801 sqft
    2023-07-01 0 days 1,794 sqft
    2023-08-01 0 days 1,748 sqft
    2023-09-01 0 days 1,792 sqft
    2023-10-01 0 days 1,751 sqft
    2023-11-01 0 days 1,735 sqft
    2023-12-01 0 days 1,710 sqft
    2024-01-01 0 days 1,725 sqft
    2024-02-01 0 days 1,812 sqft
    2024-03-01 0 days 1,751 sqft
    2024-04-01 0 days 1,764 sqft
    2024-05-01 0 days 1,752 sqft
    2024-06-01 0 days 1,749 sqft
    2024-07-01 0 days 1,723 sqft
    2024-08-01 0 days 1,723 sqft
    2024-09-01 0 days 1,713 sqft
    2024-10-01 0 days 1,716 sqft
    2024-11-01 0 days 1,709 sqft
    2024-12-01 0 days 1,681 sqft
    2025-01-01 0 days 1,643 sqft
    2025-02-01 0 days 1,642 sqft
    2025-03-01 0 days 1,664 sqft
    Payson's median listing age (time on market) for 2025-03-01 was 0 days.

    Payson's median square footage for active listings during the 2025-03-01 period was 1,664 sqft. One year prior, the average listing was 1,751 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).