Safford FHA Loan Rates, Closing Costs & Stats

Safford, AZ

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits
  • Market Conditions & Pricing
  • Time on Market/Property Size

    • 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.

    Safford's 44 lenders originated 197 FHA loans during 2024. The total origination value was $52,535,000, with an average FHA loan value of $266,675.

    Safford FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Safford averaged 6.48% for the week of 2025-04-04, compared to the national average (all FHA variants) of 6.259% for the same period.

    Safford's average FHA mortgage closing costs are $8,716.

    The average rate for the prior week (2025-03-28) was 6.28% and one month ago for the week of 2025-02-28, the average rate was 6.47%.

    The average rate one year ago was 6.88%.

    For refis of the same type during the week of 2025-04-04, the average rate was 6.02%.

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

    Safford 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 Safford level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 61 6.60% $12,937
    NOVA FINANCIAL & INVESTMENT CORPORATION 23 6.60% $7,121
    QUICKEN LOANS, LLC 18 6.47% $10,111
    UNITED WHOLESALE MORTGAGE, LLC 14 5.95% $12,535
    AMERICAN PACIFIC MORTGAGE CORPORATION 12 7.03% $11,802
    PLAZA HOME MORTGAGE, INC. 5 6.25% $13,934
    S1L, Inc. 3 7.17% $10,692
    SUN AMERICAN MORTGAGE COMPANY 3 6.04% $8,549
    BAY EQUITY LLC 3 6.50% $17,448
    LAKEVIEW LOAN SERVICING, LLC 3 6.25% $7,119
    LOANPAL, LLC 3 5.88% $10,588
    Equity Prime Mortgage LLC 2 7.75% $16,412
    GUILD MORTGAGE COMPANY 2 6.38% $15,070
    PENNYMAC LOAN SERVICES, LLC 2 5.94% $13,462
    Plains Commerce Bank 2 5.81% $13,427
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 2 6.75% $8,299
    LOANDEPOT.COM, LLC 2 6.06% $12,394
    FREEDOM MORTGAGE CORPORATION 2 6.19% $9,784
    Mr. Cooper ( Nationstar Mortgage ) 2 6.50% $10,842
    Prosperity Home Mortgage, LLC 1 6.12% $12,560
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.25% $15,056
    Sierra Pacific Mortgage Company, Inc. 1 6.13% $13,794
    STARBOARD FINANCIAL MANAGEMENT, LLC 1 5.75% $13,021
    VERITAS FUNDING, LLC 1 6.75% $15,232
    AMERICAN FINANCING CORPORATION 1 4.88% $11,825
    Zions Bank 1 5.50% $7,817
    AMERISAVE MORTGAGE CORPORATION 1 6.25% $11,246
    Barrington Bank & Trust Company, N.A. 1 6.75% $7,820
    BROKER SOLUTIONS, INC. 1 7.13% $11,783
    CMG MORTGAGE, INC. 1 8.38% $10,223
    First National Bank Texas 1 5.25% $15,866
    Flagstar Bank, FSB 1 7.19% $6,229
    Franklin Loan Corporation 1 6.38% $13,583
    GENEVA FINANCIAL, LLC 1 7.00% $12,969
    GUARANTEED RATE, INC. 1 6.00% $15,953
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 6.50% $4,668
    Lakeview Community Capital, LLC 1 7.25% $10,402
    Loan Simple, Inc. 1 5.99% $4,508
    MORIA DEVELOPMENT, INC. 1 6.50% $8,495
    MOVEMENT MORTGAGE, LLC 1 6.13% $17,195
    NEWREZ LLC 1 6.25% $8,746
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.75% $7,805
    Paramount Residential Mortgage Group, Inc. 1 6.75% $5,118
    PNC Bank 1 6.00% $9,770

    The top Safford FHA lender as defined by loan originations is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 61 FHA loans originated. Their average total fees are $12,937, which is $5,815 higher than the next largest lender, NOVA FINANCIAL & INVESTMENT CORPORATION.

    The lowest fee Safford FHA lenders (with over 10 loans originated) are NOVA FINANCIAL & INVESTMENT CORPORATION ($7,121), QUICKEN LOANS, LLC ($10,111), AMERICAN PACIFIC MORTGAGE CORPORATION ($11,802), UNITED WHOLESALE MORTGAGE, LLC ($12,535) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($12,937).

    The lowest rate Safford FHA lenders (with over 10 loans originated) are UNITED WHOLESALE MORTGAGE, LLC (5.95%), QUICKEN LOANS, LLC (6.47%), NOVA FINANCIAL & INVESTMENT CORPORATION (6.60%), FAIRWAY INDEPENDENT MORTGAGE CORPORATION (6.60%) and AMERICAN PACIFIC MORTGAGE CORPORATION (7.03%).

    Safford FHA Loan Limits

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

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - Safford (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 $170,600 (7.3%) $203,766 (11.9%) 0.00 85
    2018-02-01 $173,250 (1.9%) $205,433 (11.6%) 0.00 81
    2018-03-01 $179,700 (-0.1%) $211,267 (7.1%) 0.00 80
    2018-04-01 $179,125 (2.4%) $208,209 (6.3%) 0.00 85
    2018-05-01 $179,350 (8.4%) $204,458 (6.8%) 0.00 81
    2018-06-01 $179,900 (6.5%) $205,004 (5.7%) 0.00 99
    2018-07-01 $184,243 (7.7%) $213,696 (7.3%) 0.00 94
    2018-08-01 $184,200 (5.9%) $211,214 (4.6%) 0.00 93
    2018-09-01 $180,998 (3.4%) $208,521 (1.6%) 0.00 98
    2018-10-01 $179,900 (3.0%) $204,600 (3.0%) 0.00 98
    2018-11-01 $178,050 (4.8%) $198,092 (0.1%) 0.00 91
    2018-12-01 $174,000 (4.7%) $190,741 (1.7%) 0.00 89
    2019-01-01 $175,000 (2.6%) $186,700 (-8.4%) 0.00 82
    2019-02-01 $175,000 (1.0%) $188,744 (-8.1%) 0.00 76
    2019-03-01 $185,286 (3.1%) $212,270 (0.5%) 0.00 73
    2019-04-01 $196,286 (9.6%) $238,615 (14.6%) 0.00 70
    2019-05-01 $213,850 (19.2%) $255,946 (25.2%) 0.00 67
    2019-06-01 $219,515 (22.0%) $260,263 (27.0%) 0.00 67
    2019-07-01 $223,700 (21.4%) $271,679 (27.1%) 0.00 64
    2019-08-01 $216,040 (17.3%) $270,737 (28.2%) 0.00 69
    2019-09-01 $206,799 (14.3%) $266,413 (27.8%) 0.00 78
    2019-10-01 $199,256 (10.8%) $260,362 (27.3%) 0.00 84
    2019-11-01 $196,750 (10.5%) $254,847 (28.7%) 0.00 90
    2019-12-01 $193,125 (11.0%) $245,800 (28.9%) 0.00 89
    2020-01-01 $196,725 (12.4%) $254,212 (36.2%) 0.00 75
    2020-02-01 $219,998 (25.7%) $264,833 (40.3%) 0.00 78
    2020-03-01 $218,699 (18.0%) $271,861 (28.1%) 0.00 67
    2020-04-01 $209,995 (7.0%) $257,829 (8.1%) 0.00 61
    2020-05-01 $220,000 (2.9%) $250,889 (-2.0%) 0.00 57
    2020-06-01 $217,475 (-0.9%) $255,874 (-1.7%) 0.00 47
    2020-07-01 $220,500 (-1.4%) $265,769 (-2.2%) 0.00 40
    2020-08-01 $237,000 (9.7%) $291,915 (7.8%) 0.00 34
    2020-09-01 $241,725 (16.9%) $328,528 (23.3%) 0.00 30
    2020-10-01 $237,000 (18.9%) $289,369 (11.1%) 0.00 40
    2020-11-01 $235,000 (19.4%) $296,647 (16.4%) 0.00 44
    2020-12-01 $234,950 (21.7%) $311,915 (26.9%) 0.00 39
    2021-01-01 $230,000 (16.9%) $272,840 (7.3%) 0.00 44
    2021-02-01 $201,700 (-8.3%) $255,679 (-3.5%) 0.00 38
    2021-03-01 $223,750 (2.3%) $283,303 (4.2%) 0.00 32
    2021-04-01 $216,999 (3.3%) $276,592 (7.3%) 0.00 26
    2021-05-01 $229,500 (4.3%) $272,952 (8.8%) 0.00 23
    2021-06-01 $249,950 (14.9%) $282,778 (10.5%) 0.00 27
    2021-07-01 $249,900 (13.3%) $273,603 (3.0%) 0.00 32
    2021-08-01 $289,375 (22.1%) $325,226 (11.4%) 0.00 39
    2021-09-01 $257,225 (6.4%) $318,387 (-3.1%) 0.00 42
    2021-10-01 $273,500 (15.4%) $320,113 (10.6%) 0.00 52
    2021-11-01 $286,750 (22.0%) $321,764 (8.5%) 0.00 52
    2021-12-01 $295,475 (25.8%) $325,977 (4.5%) 0.00 43
    2022-01-01 $299,000 (30.0%) $330,851 (21.3%) 0.00 40
    2022-02-01 $317,000 (57.2%) $356,644 (39.5%) 0.00 37
    2022-03-01 $298,500 (33.4%) $364,617 (28.7%) 0.00 38
    2022-04-01 $279,900 (29.0%) $322,715 (16.7%) 0.00 31
    2022-05-01 $307,000 (33.8%) $351,652 (28.8%) 0.00 39
    2022-06-01 $305,000 (22.0%) $354,432 (25.3%) 0.00 54
    2022-07-01 $317,500 (27.1%) $363,667 (32.9%) 0.00 62
    2022-08-01 $322,450 (11.4%) $353,157 (8.6%) 0.00 76
    2022-09-01 $311,250 (21.0%) $373,156 (17.2%) 0.00 82
    2022-10-01 $300,000 (9.7%) $365,581 (14.2%) 0.00 90
    2022-11-01 $299,450 (4.4%) $362,533 (12.7%) 0.00 76
    2022-12-01 $292,000 (-1.2%) $355,909 (9.2%) 0.00 65
    2023-01-01 $299,000 (0.0%) $372,974 (12.7%) 0.00 54
    2023-02-01 $330,375 (4.2%) $347,112 (-2.7%) 0.00 43
    2023-03-01 $305,000 (2.2%) $362,333 (-0.6%) 0.00 42
    2023-04-01 $305,000 (9.0%) $387,340 (20.0%) 0.00 38
    2023-05-01 $328,500 (7.0%) $407,400 (15.9%) 0.00 36
    2023-06-01 $340,000 (11.5%) $431,846 (21.8%) 0.00 33
    2023-07-01 $360,000 (13.4%) $428,855 (17.9%) 0.00 36
    2023-08-01 $360,000 (11.7%) $391,804 (10.9%) 0.00 43
    2023-09-01 $372,000 (19.5%) $512,418 (37.3%) 0.00 48
    2023-10-01 $379,950 (26.7%) $515,665 (41.1%) 0.00 55
    2023-11-01 $372,250 (24.3%) $506,326 (39.7%) 0.00 57
    2023-12-01 $379,995 (30.1%) $521,103 (46.4%) 0.00 55
    2024-01-01 $384,500 (28.6%) $534,713 (43.4%) 0.00 48
    2024-02-01 $373,749 (13.1%) $417,315 (20.2%) 0.00 45
    2024-03-01 $369,995 (21.3%) $416,207 (14.9%) 0.00 51
    2024-04-01 $370,000 (21.3%) $423,263 (9.3%) 0.00 48
    2024-05-01 $369,998 (12.6%) $419,603 (3.0%) 0.00 51
    2024-06-01 $362,500 (6.6%) $409,511 (-5.2%) 0.00 51
    2024-07-01 $370,000 (2.8%) $412,737 (-3.8%) 0.00 58
    2024-08-01 $375,000 (4.2%) $410,219 (4.7%) 0.00 60
    2024-09-01 $375,000 (0.8%) $394,375 (-23.0%) 0.00 51
    2024-10-01 $398,500 (4.9%) $396,639 (-23.1%) 0.00 61
    2024-11-01 $400,000 (7.5%) $394,134 (-22.2%) 0.00 68
    2024-12-01 $402,500 (5.9%) $394,784 (-24.2%) 0.00 67
    2025-01-01 $411,225 (7.0%) $402,544 (-24.7%) 0.00 63
    2025-02-01 $371,500 (-0.6%) $367,915 (-11.8%) 0.00 71
    2025-03-01 $367,500 (-0.7%) $375,554 (-9.8%) 0.00 79
    Safford's median listing price for 2025-03-01 was $367,500, a difference of $-2,495 (-0.7%) versus the prior year and $-4,000 versus the prior month.

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

    Safford's average listing price for 2025-03-01 was $375,554, a difference of $-40,653 (-9.8%) versus the prior year and $7,639 versus the prior month.

    For the 2025-03-01 period, Safford had 79 MLS listings, a difference of 8 listings (11%) versus the prior month and 28 listings (55%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - Safford (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 0 days 1,840 sqft
    2018-02-01 0 days 1,840 sqft
    2018-03-01 0 days 1,897 sqft
    2018-04-01 0 days 1,856 sqft
    2018-05-01 0 days 1,771 sqft
    2018-06-01 0 days 1,696 sqft
    2018-07-01 0 days 1,746 sqft
    2018-08-01 0 days 1,718 sqft
    2018-09-01 0 days 1,748 sqft
    2018-10-01 0 days 1,748 sqft
    2018-11-01 0 days 1,677 sqft
    2018-12-01 0 days 1,664 sqft
    2019-01-01 0 days 1,673 sqft
    2019-02-01 0 days 1,635 sqft
    2019-03-01 0 days 1,683 sqft
    2019-04-01 0 days 1,740 sqft
    2019-05-01 0 days 1,985 sqft
    2019-06-01 0 days 1,990 sqft
    2019-07-01 0 days 1,983 sqft
    2019-08-01 0 days 1,942 sqft
    2019-09-01 0 days 1,906 sqft
    2019-10-01 0 days 1,880 sqft
    2019-11-01 0 days 1,875 sqft
    2019-12-01 0 days 1,880 sqft
    2020-01-01 0 days 1,812 sqft
    2020-02-01 0 days 1,812 sqft
    2020-03-01 0 days 1,925 sqft
    2020-04-01 0 days 1,908 sqft
    2020-05-01 0 days 1,827 sqft
    2020-06-01 0 days 1,853 sqft
    2020-07-01 0 days 1,897 sqft
    2020-08-01 0 days 2,007 sqft
    2020-09-01 0 days 2,157 sqft
    2020-10-01 0 days 1,936 sqft
    2020-11-01 0 days 1,854 sqft
    2020-12-01 0 days 1,866 sqft
    2021-01-01 0 days 1,851 sqft
    2021-02-01 0 days 1,625 sqft
    2021-03-01 0 days 1,763 sqft
    2021-04-01 0 days 1,769 sqft
    2021-05-01 0 days 1,872 sqft
    2021-06-01 0 days 1,821 sqft
    2021-07-01 0 days 1,727 sqft
    2021-08-01 0 days 1,872 sqft
    2021-09-01 0 days 1,830 sqft
    2021-10-01 0 days 1,904 sqft
    2021-11-01 0 days 1,898 sqft
    2021-12-01 0 days 1,903 sqft
    2022-01-01 0 days 2,014 sqft
    2022-02-01 0 days 1,957 sqft
    2022-03-01 0 days 1,824 sqft
    2022-04-01 0 days 1,695 sqft
    2022-05-01 0 days 1,758 sqft
    2022-06-01 0 days 1,847 sqft
    2022-07-01 0 days 1,870 sqft
    2022-08-01 0 days 1,888 sqft
    2022-09-01 0 days 1,883 sqft
    2022-10-01 0 days 1,845 sqft
    2022-11-01 0 days 1,842 sqft
    2022-12-01 0 days 1,845 sqft
    2023-01-01 0 days 1,947 sqft
    2023-02-01 0 days 1,847 sqft
    2023-03-01 0 days 1,880 sqft
    2023-04-01 0 days 1,928 sqft
    2023-05-01 0 days 2,080 sqft
    2023-06-01 0 days 2,065 sqft
    2023-07-01 0 days 2,032 sqft
    2023-08-01 0 days 2,032 sqft
    2023-09-01 0 days 1,961 sqft
    2023-10-01 0 days 2,032 sqft
    2023-11-01 0 days 1,980 sqft
    2023-12-01 0 days 2,032 sqft
    2024-01-01 0 days 2,036 sqft
    2024-02-01 0 days 1,954 sqft
    2024-03-01 0 days 2,064 sqft
    2024-04-01 0 days 2,005 sqft
    2024-05-01 0 days 1,884 sqft
    2024-06-01 0 days 1,820 sqft
    2024-07-01 0 days 1,861 sqft
    2024-08-01 0 days 1,876 sqft
    2024-09-01 0 days 1,877 sqft
    2024-10-01 0 days 2,179 sqft
    2024-11-01 0 days 2,144 sqft
    2024-12-01 0 days 2,109 sqft
    2025-01-01 0 days 2,297 sqft
    2025-02-01 0 days 1,863 sqft
    2025-03-01 0 days 1,733 sqft
    Safford's median listing age (time on market) for 2025-03-01 was 0 days.

    Safford's median square footage for active listings during the 2025-03-01 period was 1,733 sqft. One year prior, the average listing was 2,064 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).