Sierra Vista FHA Loan Rates, Closing Costs & Stats

SIERRA VISTA-DOUGLAS, AZ

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets
  • Loan Limits

    • 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.

    Sierra Vista's 63 lenders originated 412 FHA loans during 2024. The total origination value was $91,730,000, with an average FHA loan value of $222,646.

    Sierra Vista FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Sierra Vista averaged -0.07% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    Sierra Vista's average FHA mortgage closing costs are $6,837.

    The average rate for the prior week (2025-06-13) was 6.71% and one month ago for the week of 2025-05-16, the average rate was 6.88%.

    The average rate one year ago was 6.63%.

    For refis of the same type during the week of 2025-06-20, the average rate was -0.29%.

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

    Sierra Vista 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 Sierra Vista level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    CROSSCOUNTRY MORTGAGE, LLC 69 6.57% $8,322
    QUICKEN LOANS, LLC 42 6.29% $11,133
    UNITED WHOLESALE MORTGAGE, LLC 33 5.97% $11,012
    NOVA FINANCIAL & INVESTMENT CORPORATION 26 6.31% $5,614
    GUILD MORTGAGE COMPANY 17 6.47% $11,613
    ALTITUDE FINANCIAL CORPORATION 15 6.26% $6,466
    Equity Prime Mortgage LLC 14 6.77% $9,315
    GENEVA FINANCIAL, LLC 13 6.99% $13,261
    INSPIRE HOME LOANS INC. 10 5.81% $9,019
    PENNYMAC LOAN SERVICES, LLC 9 5.94% $10,435
    LOANDEPOT.COM, LLC 9 6.86% $11,276
    FREEDOM MORTGAGE CORPORATION 8 6.38% $7,722
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 7 6.48% $12,106
    PLANET HOME LENDING, LLC 6 6.27% $6,950
    V.I.P. MORTGAGE, INC. 6 6.92% $10,953
    Prosperity Home Mortgage, LLC 5 6.42% $9,812
    NEWREZ LLC 4 6.63% $9,789
    The Loan Store, Inc. 4 6.21% $8,871
    Nations Lending Corporation 4 6.72% $8,962
    BROKER SOLUTIONS, INC. 4 7.25% $12,270
    AMERICAN FINANCIAL NETWORK, INC. 4 7.28% $15,127
    MORIA DEVELOPMENT, INC. 3 6.92% $13,182
    MOVEMENT MORTGAGE, LLC 3 6.38% $11,323
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 3 6.38% $9,909
    Flagstar Bank, FSB 3 6.88% $10,578
    AMERICAN PACIFIC MORTGAGE CORPORATION 3 7.04% $11,141
    LAKEVIEW LOAN SERVICING, LLC 3 6.08% $7,357
    The Federal Savings Bank 2 7.19% $8,211
    CMG MORTGAGE, INC. 2 7.19% $9,228
    SUN WEST MORTGAGE COMPANY, INC. 2 7.31% $15,396
    JPMorgan Chase Bank 2 6.94% $5,655
    GUARANTEED RATE, INC. 2 5.87% $14,854
    Carrington Mortgage Services, LLC 2 5.38% $13,016
    VILLAGE CAPITAL MORTGAGE 2 6.88% $2,721
    THE MORTGAGE LINK, INC. 2 6.00% $13,939
    Wells Fargo Bank 1 6.00% $14,081
    AMERICAN FINANCIAL RESOURCES, INC. 1 7.25% $12,045
    American Mortgage & Equity Consultants, Inc. 1 6.75% $11,343
    AmeriHome Mortgage Company, LLC 1 6.63% $7,962
    AMERISAVE MORTGAGE CORPORATION 1 5.50% $13,799
    Bell Bank 1 6.25% $9,925
    BOKF 1 6.63% $13,396
    CARDINAL FINANCIAL 1 6.00% $8,502
    Century Mortgage Company DBA Century Lending Company 1 6.63% $10,380
    Cornerstone First Mortgage, Inc 1 6.75% $12,640
    DAS Acquisition Company, LLC 1 5.63% $13,763
    EVERETT FINANCIAL, INC. 1 5.88% $12,114
    Glacier Bank 1 6.63% $8,084
    HOMEBRIDGE FINANCIAL SERVICES, INC. 1 5.50% $14,927
    INFINITY EQUITY GROUP, INC. 1 7.63% $9,174
    Lakeview Community Capital, LLC 1 6.25% $9,704
    Mortgage Research Center, LLC 1 7.25% $6,601
    NORWICH COMMERCIAL GROUP, INC. 1 6.75% $12,996
    ON Q FINANCIAL, INC. 1 7.13% $9,144
    Paramount Residential Mortgage Group, Inc. 1 6.25% $11,583
    PHH Mortgage Corporation 1 6.99% $7,889
    PLAZA HOME MORTGAGE, INC. 1 7.38% $5,956
    Presidential Bank, FSB 1 7.00% $11,274
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.75% $15,952
    Sierra Pacific Mortgage Company, Inc. 1 6.13% $10,019
    SUN AMERICAN MORTGAGE COMPANY 1 6.25% $9,523
    Texana Bank 1 6.75% $10,798
    TIB The Independent Bankersbank 1 7.25% $10,224

    The top Sierra Vista FHA lender as defined by loan originations is CROSSCOUNTRY MORTGAGE, LLC, with 69 FHA loans originated. Their average total fees are $8,322, which is $2,811 lower than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Sierra Vista FHA lenders (with over 10 loans originated) are NOVA FINANCIAL & INVESTMENT CORPORATION ($5,614), ALTITUDE FINANCIAL CORPORATION ($6,466), CROSSCOUNTRY MORTGAGE, LLC ($8,322), INSPIRE HOME LOANS INC. ($9,019) and Equity Prime Mortgage LLC ($9,315).

    The lowest rate Sierra Vista FHA lenders (with over 10 loans originated) are INSPIRE HOME LOANS INC. (5.81%), UNITED WHOLESALE MORTGAGE, LLC (5.97%), ALTITUDE FINANCIAL CORPORATION (6.26%), QUICKEN LOANS, LLC (6.29%) and NOVA FINANCIAL & INVESTMENT CORPORATION (6.31%).

    Sierra Vista FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    SIERRA VISTA-DOUGLAS, AZ COCHISE 2022 $420,680 $538,650 $651,050 $809,150
    SIERRA VISTA-DOUGLAS, AZ COCHISE 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).