Prescott Valley FHA Loan Rates, Closing Costs & Stats

PRESCOTT VALLEY-PRESCOTT, 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.

    Prescott Valley's 97 lenders originated 866 FHA loans during 2024. The total origination value was $262,290,000, with an average FHA loan value of $302,875.

    Prescott Valley FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Prescott Valley averaged 6.39% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Prescott Valley's average FHA mortgage closing costs are $9,557.

    The average rate for the prior week (2025-03-28) was 6.69% and one month ago for the week of 2025-02-28, the average rate was 6.68%.

    The average rate one year ago was 6.59%.

    For refis of the same type during the week of 2025-04-04, the average rate was 5.99%.

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

    Prescott Valley 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 Prescott Valley level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 111 5.99% $14,720
    QUICKEN LOANS, LLC 81 6.22% $13,152
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 40 6.68% $13,849
    GUILD MORTGAGE COMPANY 35 6.55% $14,839
    GARDNER FINANCIAL SERVICES, LTD. 33 6.44% $18,147
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 25 6.27% $11,442
    Equity Prime Mortgage LLC 19 6.72% $13,874
    FREEDOM MORTGAGE CORPORATION 15 6.38% $12,138
    BROKER SOLUTIONS, INC. 13 6.82% $14,713
    V.I.P. MORTGAGE, INC. 13 6.62% $14,721
    NOVA FINANCIAL & INVESTMENT CORPORATION 13 6.44% $11,507
    Paramount Residential Mortgage Group, Inc. 13 6.35% $12,167
    AMERICAN PACIFIC MORTGAGE CORPORATION 12 6.35% $16,822
    PRIMELENDING, A PLAINSCAPITAL COMPANY 11 6.66% $14,247
    Flagstar Bank, FSB 11 6.06% $11,544
    CROSSCOUNTRY MORTGAGE, LLC 9 6.46% $12,264
    Wallick & Volk, Inc. 9 6.68% $8,014
    PENNYMAC LOAN SERVICES, LLC 9 6.03% $11,309
    NEWREZ LLC 9 6.43% $12,352
    S1L, Inc. 9 6.49% $14,505
    Nations Lending Corporation 9 6.32% $14,801
    ON Q FINANCIAL, INC. 9 6.61% $12,377
    PLAZA HOME MORTGAGE, INC. 8 6.84% $12,260
    Mr. Cooper ( Nationstar Mortgage ) 7 6.41% $11,818
    AMERICAN FINANCIAL NETWORK, INC. 7 7.23% $17,321
    AMERICAN FINANCING CORPORATION 6 5.85% $15,379
    The Loan Store, Inc. 6 6.73% $12,356
    CMG MORTGAGE, INC. 6 6.52% $13,433
    CORNERSTONE HOME LENDING, INC. 5 5.49% $20,184
    Prosperity Home Mortgage, LLC 5 6.45% $13,973
    Waterstone Mortgage Corporation 4 6.88% $15,860
    LAKEVIEW LOAN SERVICING, LLC 4 6.47% $7,052
    LOANDEPOT.COM, LLC 4 5.81% $12,998
    PLANET HOME LENDING, LLC 4 6.25% $8,225
    AMERICAN FINANCIAL RESOURCES, INC. 4 6.53% $9,375
    Sierra Pacific Mortgage Company, Inc. 4 6.66% $12,851
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 4 6.66% $11,444
    HOMEOWNERS FINANCIAL GROUP USA, LLC 4 6.09% $16,378
    LOANPAL, LLC 4 5.31% $14,797
    MOVEMENT MORTGAGE, LLC 4 6.13% $18,860
    Glacier Bank 4 6.31% $12,401
    GENEVA FINANCIAL, LLC 3 6.50% $17,249
    Carrington Mortgage Services, LLC 3 6.50% $13,445
    Sunflower Bank 3 6.62% $12,937
    SECURITYNATIONAL MORTGAGE COMPANY 3 7.04% $14,056
    Bell Bank 3 6.42% $12,595
    VILLAGE CAPITAL MORTGAGE 3 6.08% $4,261
    CARDINAL FINANCIAL 3 7.04% $24,662
    GUARANTEED RATE AFFINITY, LLC 3 6.96% $10,622
    HOMESIDE FINANCIAL, LLC 3 6.63% $12,490
    SUN AMERICAN MORTGAGE COMPANY 2 6.69% $7,836
    AmeriHome Mortgage Company, LLC 2 6.31% $9,993
    CALCON MUTUAL MORTGAGE LLC 2 5.81% $18,734
    Cornerstone First Mortgage, Inc 2 6.88% $14,756
    ENVOY MORTGAGE, LTD 2 6.88% $13,858
    GUARANTEED RATE, INC. 2 6.71% $13,139
    INTELLILOAN, INC. 2 6.19% $5,775
    Lakeview Community Capital, LLC 2 6.44% $8,787
    Loan Simple, Inc. 2 6.38% $11,722
    MORIA DEVELOPMENT, INC. 2 7.13% $11,457
    MUTUAL OF OMAHA MORTGAGE, INC. 2 5.94% $15,451
    STARBOARD FINANCIAL MANAGEMENT, LLC 2 7.06% $20,557
    TOP FLITE FINANCIAL, INC. 2 6.94% $12,302
    TruHome Solutions, LLC 2 6.13% $13,285
    UNION HOME MORTGAGE CORP. 2 6.56% $13,418
    NATIONS DIRECT MORTGAGE, LLC 1 6.25% $8,688
    OCMBC, INC. 1 6.75% $14,047
    Mortgage Research Center, LLC 1 6.25% $8,455
    ONY GLO, INC. 1 7.25% $9,044
    OPEN MORTGAGE, LLC 1 7.13% $26,080
    MORTGAGEONE, INC. 1 6.88% $15,835
    MID AMERICA MORTGAGE, INC. 1 6.75% $2,921
    LIBERTY HOME MORTGAGE CORPORATION 1 7.50% $13,462
    JMAC LENDING, INC. 1 5.75% $15,432
    Ixonia Bank 1 7.13% $13,245
    Hometown Equity Mortgage, LLC 1 5.25% $8,965
    GEO-CORP, INC. 1 7.38% $26,294
    RESIDENTIAL BANCORP 1 6.99% $6,387
    RESIDENTIAL MORTGAGE, LLC 1 6.13% $9,414
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 5.63% $16,557
    DIRECT MORTGAGE LOANS, LLC 1 6.25% $9,657
    CLM MORTGAGE, INC 1 4.99% $13,255
    Barrington Bank & Trust Company, N.A. 1 6.75% $10,825
    Stride Bank 1 7.13% $12,146
    ALAMEDA MORTGAGE CORPORATION 1 7.13% $17,908
    Chickasaw Community Bank 1 5.25% $20,855
    SUN WEST MORTGAGE COMPANY, INC. 1 6.25% $6,062
    Century Mortgage Company DBA Century Lending Company 1 6.00% $16,867
    Bank of America 1 6.00% $12,993
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $12,119
    ZILLOW HOME LOANS, LLC 1 6.75% $12,319
    CANOPY MORTGAGE, LLC 1 6.63% $12,200
    BAY EQUITY LLC 1 6.75% $9,739
    NETWORK CAPITAL FUNDING CORPORATION 1 6.25% $19,747
    NEW DAY FINANCIAL, LLC 1 7.38% $2,914
    NBKC BANK 1 6.13% $10,317
    NFM, INC. 1 6.75% $11,216

    The top Prescott Valley FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 111 FHA loans originated. Their average total fees are $14,720, which is $1,567 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Prescott Valley FHA lenders (with over 10 loans originated) are ARK-LA-TEX FINANCIAL SERVICES, LLC. ($11,442), NOVA FINANCIAL & INVESTMENT CORPORATION ($11,507), Flagstar Bank, FSB ($11,544), FREEDOM MORTGAGE CORPORATION ($12,138) and Paramount Residential Mortgage Group, Inc. ($12,167).

    The lowest rate Prescott Valley FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.99%), Flagstar Bank, FSB (6.06%), QUICKEN LOANS, LLC (6.22%), ARK-LA-TEX FINANCIAL SERVICES, LLC. (6.27%) and Paramount Residential Mortgage Group, Inc. (6.35%).

    Prescott Valley FHA Loan Limits

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

    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).