Tucson FHA Loan Rates, Closing Costs & Stats

TUCSON, 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.

    Tucson's 132 lenders originated 4,044 FHA loans during 2024. The total origination value was $1,198,320,000, with an average FHA loan value of $296,320.

    Tucson FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Tucson averaged -0.31% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    Tucson's average FHA mortgage closing costs are $8,214.

    The average rate for the prior week (2025-06-13) was 6.57% and one month ago for the week of 2025-05-16, the average rate was 6.63%.

    The average rate one year ago was 6.49%.

    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.

    Tucson 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 Tucson level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    NOVA FINANCIAL & INVESTMENT CORPORATION 343 6.49% $8,026
    CROSSCOUNTRY MORTGAGE, LLC 325 6.28% $11,277
    LOANDEPOT.COM, LLC 279 5.77% $12,556
    UNITED WHOLESALE MORTGAGE, LLC 258 6.13% $12,725
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 233 6.45% $12,213
    QUICKEN LOANS, LLC 168 6.23% $12,595
    ALTITUDE FINANCIAL CORPORATION 168 6.34% $7,099
    KBHS HOME LOANS, LLC 148 5.37% $13,293
    V.I.P. MORTGAGE, INC. 148 6.49% $13,605
    GUILD MORTGAGE COMPANY 142 6.40% $13,925
    EAGLE HOME MORTGAGE, LLC 135 4.49% $12,207
    DHI MORTGAGE COMPANY, LTD. 135 5.10% $10,728
    HOMEAMERICAN MORTGAGE CORPORATION 129 4.97% $7,261
    AMERICAN PACIFIC MORTGAGE CORPORATION 97 6.74% $13,026
    MORIA DEVELOPMENT, INC. 83 6.39% $13,310
    Prosperity Home Mortgage, LLC 63 6.03% $12,986
    MOVEMENT MORTGAGE, LLC 60 6.36% $13,876
    FREEDOM MORTGAGE CORPORATION 55 6.42% $11,759
    PULTE MORTGAGE LLC 50 4.75% $8,059
    Equity Prime Mortgage LLC 41 6.70% $14,308
    BROKER SOLUTIONS, INC. 33 6.81% $12,415
    GUARANTEED RATE, INC. 28 6.31% $12,743
    Flagstar Bank, FSB 28 6.13% $11,626
    PENNYMAC LOAN SERVICES, LLC 27 6.06% $10,210
    MATTAMY HOME FUNDING, LLC 26 5.35% $13,159
    Mr. Cooper ( Nationstar Mortgage ) 22 6.51% $11,817
    LOANPAL, LLC 20 5.83% $12,773
    SUMMIT FUNDING, INC. 19 6.60% $14,746
    The Loan Store, Inc. 19 6.19% $13,017
    GUARANTEED RATE AFFINITY, LLC 19 6.46% $13,646
    AMERICAN FINANCIAL NETWORK, INC. 17 6.62% $15,083
    Nations Lending Corporation 16 6.36% $9,508
    NEWREZ LLC 16 6.19% $11,412
    Paramount Residential Mortgage Group, Inc. 16 6.35% $11,477
    GENEVA FINANCIAL, LLC 14 6.50% $15,639
    CARDINAL FINANCIAL 13 6.45% $12,485
    MUTUAL OF OMAHA MORTGAGE, INC. 12 6.26% $13,902
    AMERISAVE MORTGAGE CORPORATION 12 6.05% $17,044
    Carrington Mortgage Services, LLC 11 6.53% $12,635
    SUN WEST MORTGAGE COMPANY, INC. 11 6.22% $12,509
    HOMESIDE FINANCIAL, LLC 10 6.15% $18,672
    JMAC LENDING, INC. 10 6.55% $12,280
    T2 FINANCIAL LLC 9 6.37% $9,887
    SECURITYNATIONAL MORTGAGE COMPANY 9 6.52% $13,760
    Plains Commerce Bank 8 6.08% $11,785
    VILLAGE CAPITAL MORTGAGE 8 6.48% $5,267
    MID AMERICA MORTGAGE, INC. 8 6.91% $7,679
    Lakeview Community Capital, LLC 7 6.59% $7,741
    PLANET HOME LENDING, LLC 7 6.12% $5,770
    VERITAS FUNDING, LLC 6 6.27% $16,114
    CMG MORTGAGE, INC. 6 6.15% $17,934
    U.S. Bank 5 6.20% $11,384
    TruHome Solutions, LLC 5 6.10% $13,350
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 5 6.33% $11,964
    ONY GLO, INC. 5 6.23% $10,121
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 5 5.95% $13,360
    MORTGAGE SOLUTIONS OF COLORADO, LLC 4 7.00% $13,130
    PHH Mortgage Corporation 4 6.19% $10,800
    INTELLILOAN, INC. 4 5.78% $5,547
    Mortgage Research Center, LLC 4 6.38% $10,953
    Century Mortgage Company DBA Century Lending Company 4 6.34% $12,916
    PREMIER LENDING, INC. 4 6.59% $14,135
    LAKEVIEW LOAN SERVICING, LLC 4 6.22% $8,022
    ZILLOW HOME LOANS, LLC 4 6.09% $17,778
    NBKC BANK 3 5.92% $13,885
    AMERICAN FINANCIAL RESOURCES, INC. 3 7.54% $15,755
    AmeriHome Mortgage Company, LLC 3 5.96% $10,766
    BAY-VALLEY MORTGAGE GROUP 3 6.80% $13,517
    DAS Acquisition Company, LLC 3 6.76% $16,048
    JPMorgan Chase Bank 3 6.17% $7,396
    LADERA LENDING, INC. 3 6.92% $9,563
    NETWORK CAPITAL FUNDING CORPORATION 3 6.25% $14,319
    ROYAL UNITED MORTGAGE LLC 3 6.88% $16,723
    The Federal Savings Bank 3 6.42% $17,531
    BMO Harris Bank 2 5.63% $10,306
    Sierra Pacific Mortgage Company, Inc. 2 6.25% $14,492
    HOMEOWNERS FINANCIAL GROUP USA, LLC 2 6.00% $11,050
    STARBOARD FINANCIAL MANAGEMENT, LLC 2 6.50% $12,839
    HOMEBRIDGE FINANCIAL SERVICES, INC. 2 6.25% $5,138
    BETTER MORTGAGE CORPORATION 2 6.19% $9,980
    CANOPY MORTGAGE, LLC 2 7.13% $11,421
    AHL FUNDING 2 6.50% $9,714
    AMERICAN FINANCING CORPORATION 2 5.63% $19,985
    BAY EQUITY LLC 2 6.94% $7,912
    LEADERONE FINANCIAL CORPORATION 2 5.94% $11,244
    OCMBC, INC. 2 5.25% $16,365
    Wells Fargo Bank 2 6.06% $15,763
    OPEN MORTGAGE, LLC 1 6.63% $6,272
    PACIFIC RESIDENTIAL MORTGAGE, LLC 1 6.13% $11,864
    East Coast Capital Corp. 1 7.25% $15,461
    DIRECTORS MORTGAGE, INC. 1 6.99% $19,012
    Performance Financial, Inc. 1 6.50% $11,861
    DIRECT MORTGAGE LOANS, LLC 1 5.75% $14,723
    Cornerstone First Mortgage, Inc 1 7.13% $13,364
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 5.63% $14,936
    PLAZA HOME MORTGAGE, INC. 1 5.50% $10,347
    Citizens Bank 1 6.63% $15,912
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 6.75% $13,634
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 6.99% $8,347
    CHURCHILL MORTGAGE CORPORATION 1 6.13% $23,089
    CALCON MUTUAL MORTGAGE LLC 1 7.75% $20,101
    RESIDENTIAL BANCORP 1 4.99% $12,159
    SIRVA MORTGAGE, INC. 1 6.63% $21,063
    Strong Home Mortgage, LLC 1 5.63% $11,439
    Sunflower Bank 1 4.88% $10,344
    BECKAM FUNDING CORP. 1 6.38% $24,105
    ALLIED MORTGAGE GROUP, INC. 1 6.25% $3,722
    Barrington Bank & Trust Company, N.A. 1 7.25% $8,547
    TOP FLITE FINANCIAL, INC. 1 6.75% $19,857
    TOWNE MORTGAGE COMPANY 1 6.13% $20,306
    Bank of America 1 5.25% $5,182
    UNION HOME MORTGAGE CORP. 1 4.75% $10,509
    Arvest Bank 1 5.88% $14,020
    ARIZONA 1 5.63% $12,293
    US MORTGAGE CORPORATION 1 6.75% $11,029
    American Mortgage & Equity Consultants, Inc. 1 6.25% $13,802
    AMERICA FIRST 1 6.00% $6,317
    LAND HOME FINANCIAL SERVICES, INC. 1 7.13% $9,050
    INTERLINC MORTGAGE SERVICES, LLC 1 6.50% $3,157
    Keystone Funding, Inc. 1 6.25% $8,956
    INTERCAP LENDING INC. 1 6.00% $12,321
    Goldwater Bank, N.A. 1 6.63% $10,835
    Glacier Bank 1 5.63% $10,240
    NATIONS DIRECT MORTGAGE, LLC 1 5.99% $21,935
    Franklin Loan Corporation 1 6.75% $13,885
    Waterstone Mortgage Corporation 1 5.75% $13,158
    NEW DAY FINANCIAL, LLC 1 7.50% $3,508
    FIRST ALLIANCE HOME MORTGAGE, LLC 1 5.38% $21,560
    NEXERA HOLDING LLC 1 6.25% $11,062
    NFM, INC. 1 6.63% $10,881
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 6.63% $17,150
    ENVOY MORTGAGE, LTD 1 5.38% $16,739

    The top Tucson FHA lender as defined by loan originations is NOVA FINANCIAL & INVESTMENT CORPORATION, with 343 FHA loans originated. Their average total fees are $8,026, which is $3,251 lower than the next largest lender, CROSSCOUNTRY MORTGAGE, LLC.

    The lowest fee Tucson FHA lenders (with over 10 loans originated) are ALTITUDE FINANCIAL CORPORATION ($7,099), HOMEAMERICAN MORTGAGE CORPORATION ($7,261), NOVA FINANCIAL & INVESTMENT CORPORATION ($8,026), PULTE MORTGAGE LLC ($8,059) and Nations Lending Corporation ($9,508).

    The lowest rate Tucson FHA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.49%), PULTE MORTGAGE LLC (4.75%), HOMEAMERICAN MORTGAGE CORPORATION (4.97%), DHI MORTGAGE COMPANY, LTD. (5.10%) and MATTAMY HOME FUNDING, LLC (5.35%).

    Tucson FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    TUCSON, AZ PIMA 2022 $420,680 $538,650 $651,050 $809,150
    TUCSON, AZ PIMA 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).