Payson Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Payson averaged
6.83%
for the week of 2024-11-07, compared to the national average of
6.79% for the same period.
The average rate for the prior week (2024-10-31) was
6.76% and
one month ago for the week of 2024-10-03, the
average rate was 6.36%.
Payson's average rate one year ago was 7.9%.
For refis of the same type during the week of 2024-11-07, the average rate
was 6.79%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Payson 30 Year Fixed Rate | 2024-11-07 | 6.83% |
| Payson 30 Year Fixed Rate Refi | 2024-11-07 | 6.79% |
| Payson 15 Year Fixed Rate | 2024-11-07 | 6.1% |
| Payson 15 Year Fixed Rate Refi | 2024-11-07 | 6.3% |
| Payson 30 Year FHA | 2024-11-07 | 6.57% |
| Payson 30 Year FHA Refi | 2024-11-07 | 6.43% |
| Payson 30 Year USDA | 2024-11-07 | 6.68% |
| Payson 30 Year USDA Refi | 2024-11-07 | 6.58% |
| Payson 30 Year VA | 2024-11-07 | 6.44% |
| Payson 30 Year VA Refi | 2024-11-07 | 6.44% |
Payson Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the Payson, AZ market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
Payson Average Closing Costs & Other Stats
Payson, AZ's 114 lenders originated 1,073
loans during 2023. The total origination value was $298,145,000, with an average loan value of
$277,861.
Payson's average closing costs are $5,483.
The top Payson lender as defined by loan originations is QUICKEN LOANS, LLC, with
44 loans originated. Their average total fees are
$8,168, which is $2,176
lower than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Payson lenders (with over 10 loans originated) are
SUN AMERICAN MORTGAGE COMPANY ($4,895), NOVA FINANCIAL & INVESTMENT CORPORATION ($6,310), JPMorgan Chase Bank ($6,674), AMERICAN PACIFIC MORTGAGE CORPORATION ($6,835) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION ($6,871).
The lowest rate Payson lenders (with over 10 loans originated) are
QUICKEN LOANS, LLC (6.69%), GUARANTEED RATE AFFINITY, LLC (6.72%), SUN AMERICAN MORTGAGE COMPANY (6.82%), NOVA FINANCIAL & INVESTMENT CORPORATION (6.84%) and GENEVA FINANCIAL, LLC (7.06%).
Payson, AZ Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $36,510,000 | $23,455,000 | -35.8% | 7.9% |
| QUICKEN LOANS, LLC | $31,920,000 | $21,810,000 | -31.7% | 7.3% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $24,105,000 | $16,315,000 | -32.3% | 5.5% |
| Zions Bank | $19,195,000 | $8,660,000 | -54.9% | 2.9% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $12,530,000 | $8,280,000 | -33.9% | 2.8% |
| GENEVA FINANCIAL, LLC | $7,365,000 | $7,950,000 | 7.9% | 2.7% |
| SUN AMERICAN MORTGAGE COMPANY | $8,515,000 | $7,680,000 | -9.8% | 2.6% |
| CROSSCOUNTRY MORTGAGE, LLC | $3,475,000 | $6,680,000 | 92.2% | 2.2% |
| Bethpage Federal Credit Union | $285,000 | $6,135,000 | 2,052.6% | 2.1% |
| GUILD MORTGAGE COMPANY | $5,375,000 | $5,960,000 | 10.9% | 2.0% |
| V.I.P. MORTGAGE, INC. | $11,105,000 | $5,940,000 | -46.5% | 2.0% |
| JPMorgan Chase Bank | $11,275,000 | $5,815,000 | -48.4% | 2.0% |
| GUARANTEED RATE AFFINITY, LLC | $7,585,000 | $5,800,000 | -23.5% | 1.9% |
| Alaska USA Federal Credit Union | $180,000 | $5,345,000 | 2,869.4% | 1.8% |
| DESERT FINANCIAL FEDERAL CREDIT UNION | $5,495,000 | $5,265,000 | -4.2% | 1.8% |
| U.S. Bank | $7,045,000 | $5,140,000 | -27.0% | 1.7% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $9,245,000 | $5,110,000 | -44.7% | 1.7% |
| Neighborhood Loans, Inc. | $5,105,000 | n/a | 1.7% | |
| Washington Federal Bank | $6,490,000 | $5,095,000 | -21.5% | 1.7% |
| Mortgage Research Center, LLC | $3,125,000 | $4,200,000 | 34.4% | 1.4% |
| CMG MORTGAGE, INC. | $5,150,000 | $4,065,000 | -21.1% | 1.4% |
| PENNYMAC LOAN SERVICES, LLC | $2,780,000 | $3,385,000 | 21.8% | 1.1% |
| BMO Harris Bank | $860,000 | $3,335,000 | 287.8% | 1.1% |
| LOANDEPOT.COM, LLC | $9,740,000 | $3,240,000 | -66.7% | 1.1% |
| DEFINE MORTGAGE SOLUTIONS, LLC | $4,970,000 | $3,215,000 | -35.3% | 1.1% |
| Morgan Stanley Private Bank | $1,545,000 | $3,110,000 | 101.3% | 1.0% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $2,895,000 | n/a | 1.0% | |
| OneAZ Credit Union | $1,280,000 | $2,815,000 | 119.9% | 0.9% |
| BAY EQUITY LLC | $6,955,000 | $2,695,000 | -61.3% | 0.9% |
| Sunflower Bank | $930,000 | $2,645,000 | 184.4% | 0.9% |
| Presidential Bank, FSB | $2,575,000 | n/a | 0.9% | |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $360,000 | $2,410,000 | 569.4% | 0.8% |
| AMERICAN FINANCIAL RESOURCES, INC. | $3,190,000 | $2,285,000 | -28.4% | 0.8% |
| Bell Bank | $1,980,000 | $2,205,000 | 11.4% | 0.7% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $5,440,000 | $2,205,000 | -59.5% | 0.7% |
| Paramount Residential Mortgage Group, Inc. | $3,340,000 | $2,070,000 | -38.0% | 0.7% |
| Bank of Colorado | $2,060,000 | n/a | 0.7% | |
| Wells Fargo Bank | $6,835,000 | $2,030,000 | -70.3% | 0.7% |
| Canyon State Credit Union | $1,485,000 | $2,000,000 | 34.7% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $4,805,000 | $1,930,000 | -59.8% | 0.6% |
| ACADEMY MORTGAGE CORPORATION | $5,920,000 | $1,815,000 | -69.3% | 0.6% |
| MORIA DEVELOPMENT, INC. | $3,300,000 | $1,770,000 | -46.4% | 0.6% |
| 21ST MORTGAGE CORPORATION | $700,000 | $1,700,000 | 142.9% | 0.6% |
| ALTITUDE FINANCIAL CORPORATION | $165,000 | $1,680,000 | 918.2% | 0.6% |
| HILTON FINANCIAL CORPORATION | $2,275,000 | $1,525,000 | -33.0% | 0.5% |
| Bank of America | $2,475,000 | $1,460,000 | -41.0% | 0.5% |
| FirstBank | $295,000 | $1,445,000 | 389.8% | 0.5% |
| BROKER SOLUTIONS, INC. | $3,535,000 | $1,425,000 | -59.7% | 0.5% |
| Mr. Cooper ( Nationstar Mortgage ) | $2,615,000 | $1,425,000 | -45.5% | 0.5% |
| PNC Bank | $1,130,000 | $1,405,000 | 24.3% | 0.5% |
| MOUNTAIN AMERICA | $6,100,000 | $1,370,000 | -77.5% | 0.5% |
| NexBank | $445,000 | $1,325,000 | 197.8% | 0.4% |
| STARBOARD FINANCIAL MANAGEMENT, LLC | $325,000 | $1,315,000 | 304.6% | 0.4% |
| Plains Commerce Bank | $1,290,000 | n/a | 0.4% | |
| NEWREZ LLC | $1,700,000 | $1,285,000 | -24.4% | 0.4% |
| Wallick & Volk, Inc. | $3,725,000 | $1,280,000 | -65.6% | 0.4% |
| ARIZONA | $2,250,000 | $1,200,000 | -46.7% | 0.4% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $2,205,000 | $1,200,000 | -45.6% | 0.4% |
| Waterstone Mortgage Corporation | $3,005,000 | $1,190,000 | -60.4% | 0.4% |
| Flagstar Bank, FSB | $1,885,000 | $1,145,000 | -39.3% | 0.4% |
| Commerce Home Mortgage, Inc. | $1,040,000 | $1,135,000 | 9.1% | 0.4% |
| NEXERA HOLDING LLC | $1,130,000 | n/a | 0.4% | |
| NAVY FEDERAL CREDIT UNION | $1,205,000 | $1,105,000 | -8.3% | 0.4% |
| Nations Lending Corporation | $545,000 | $1,070,000 | 96.3% | 0.4% |
| Carrington Mortgage Services, LLC | $930,000 | $1,060,000 | 14.0% | 0.4% |
| MANN FINANCIAL INC. | $1,055,000 | n/a | 0.4% | |
| First Savings Bank | $1,010,000 | n/a | 0.3% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $25,000 | $1,010,000 | 3,940.0% | 0.3% |
| BNY Mellon | $1,005,000 | n/a | 0.3% | |
| BOKF | $305,000 | $1,005,000 | 229.5% | 0.3% |
| GUARANTEED RATE, INC. | $1,740,000 | $1,005,000 | -42.2% | 0.3% |
| MidFirst Bank | $515,000 | $1,000,000 | 94.2% | 0.3% |
| Choice Financial Group | $895,000 | n/a | 0.3% | |
| AMERISAVE MORTGAGE CORPORATION | $2,830,000 | $870,000 | -69.3% | 0.3% |
| USAA Federal Savings Bank | $995,000 | $840,000 | -15.6% | 0.3% |
| AMERICAN FINANCIAL NETWORK, INC. | $835,000 | n/a | 0.3% | |
| MID AMERICA MORTGAGE, INC. | $1,145,000 | $775,000 | -32.3% | 0.3% |
| The Loan Store, Inc. | $760,000 | n/a | 0.3% | |
| ARC HOME LLC | $735,000 | n/a | 0.2% | |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $1,415,000 | $725,000 | -48.8% | 0.2% |
| TRIAD FINANCIAL SERVICES, INC. | $725,000 | n/a | 0.2% | |
| Vellum Mortgage, Inc. | $725,000 | n/a | 0.2% | |
| Notre Dame Federal Credit Union Corporation | $705,000 | n/a | 0.2% | |
| PLAZA HOME MORTGAGE, INC. | $700,000 | n/a | 0.2% | |
| CALCON MUTUAL MORTGAGE LLC | $655,000 | n/a | 0.2% | |
| INTERLINC MORTGAGE SERVICES, LLC | $800,000 | $630,000 | -21.3% | 0.2% |
| CREDIT UNION WEST | $230,000 | $610,000 | 165.2% | 0.2% |
| EVERETT FINANCIAL, INC. | $265,000 | $605,000 | 128.3% | 0.2% |
| DEEPHAVEN MORTGAGE LLC | $600,000 | n/a | 0.2% | |
| OCMBC, INC. | $930,000 | $590,000 | -36.6% | 0.2% |
| GREENSTATE CREDIT UNION | $575,000 | n/a | 0.2% | |
| TOP FLITE FINANCIAL, INC. | $660,000 | $565,000 | -14.4% | 0.2% |
| Stifel Bank and Trust | $550,000 | n/a | 0.2% | |
| FINANCE OF AMERICA REVERSE LLC | $1,685,000 | $535,000 | -68.2% | 0.2% |
| SECURITYNATIONAL MORTGAGE COMPANY | $575,000 | $505,000 | -12.2% | 0.2% |
| Discover Bank | $130,000 | $490,000 | 276.9% | 0.2% |
| Northpointe Bank | $475,000 | n/a | 0.2% | |
| SWBC MORTGAGE CORPORATION | $275,000 | $475,000 | 72.7% | 0.2% |
| LOANPAL, LLC | $2,185,000 | $460,000 | -78.9% | 0.2% |
| CITYWIDE HOME LOANS, LLC | $650,000 | $445,000 | -31.5% | 0.1% |
| CARDINAL FINANCIAL | $2,780,000 | $440,000 | -84.2% | 0.1% |
| CALIBER HOME LOANS, INC. | $950,000 | $435,000 | -54.2% | 0.1% |
| Figure Lending LLC | $45,000 | $435,000 | 866.7% | 0.1% |
| CASTLE & COOKE MORTGAGE, LLC | $425,000 | n/a | 0.1% | |
| LHM FINANCIAL CORPORATION | $355,000 | $425,000 | 19.7% | 0.1% |
| AMERICA FIRST | $95,000 | $420,000 | 342.1% | 0.1% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,040,000 | $390,000 | -62.5% | 0.1% |
| NMSI, INC. | $375,000 | n/a | 0.1% | |
| Century Mortgage Company DBA Century Lending Company | $575,000 | $370,000 | -35.7% | 0.1% |
| First National Bank of Omaha | $355,000 | n/a | 0.1% | |
| Franklin Loan Corporation | $195,000 | $355,000 | 82.1% | 0.1% |
| ON Q FINANCIAL, INC. | $1,190,000 | $355,000 | -70.2% | 0.1% |
| Willamette Valley Bank | $355,000 | n/a | 0.1% | |
| DAS Acquisition Company, LLC | $350,000 | n/a | 0.1% | |
| CANOPY MORTGAGE, LLC | $345,000 | n/a | 0.1% | |
| Charles Schwab Bank, SSB | $830,000 | $345,000 | -58.4% | 0.1% |
| Gateway First Bank | $435,000 | $325,000 | -25.3% | 0.1% |
| Sierra Pacific Mortgage Company, Inc. | $985,000 | $325,000 | -67.0% | 0.1% |
| ZILLOW HOME LOANS, LLC | $105,000 | $325,000 | 209.5% | 0.1% |
| Coastal Community Bank | $315,000 | n/a | 0.1% | |
| DIGITAL Federal Credit Union | $310,000 | n/a | 0.1% | |
| First Federal Bank | $550,000 | $305,000 | -44.5% | 0.1% |
| KS StateBank | $1,500,000 | $305,000 | -79.7% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $360,000 | $305,000 | -15.3% | 0.1% |
| PIMA Federal Credit Union | $305,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $1,215,000 | $300,000 | -75.3% | 0.1% |
| American Mortgage & Equity Consultants, Inc. | $295,000 | n/a | 0.1% | |
| FLAT BRANCH MORTGAGE, INC. | $295,000 | n/a | 0.1% | |
| BM Real Estate Services, Inc. | $1,605,000 | $285,000 | -82.2% | 0.1% |
| Merchants Mortgage & Trust Corporation | $245,000 | $285,000 | 16.3% | 0.1% |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $105,000 | $285,000 | 171.4% | 0.1% |
| PENTAGON FEDERAL CREDIT UNION | $1,135,000 | $285,000 | -74.9% | 0.1% |
| Bank of England | $275,000 | n/a | 0.1% | |
| NFM, INC. | $1,360,000 | $275,000 | -79.8% | 0.1% |
| CLEARPATH LENDING | $245,000 | $265,000 | 8.2% | 0.1% |
| CORNERSTONE HOME LENDING, INC. | $265,000 | n/a | 0.1% | |
| First Western Trust Bank | $255,000 | n/a | 0.1% | |
| PLANET HOME LENDING, LLC | $165,000 | $255,000 | 54.5% | 0.1% |
| QUORUM FEDERAL CREDIT UNION | $255,000 | n/a | 0.1% | |
| TRUWEST Credit Union | $1,345,000 | $250,000 | -81.4% | 0.1% |
| TOWNE MORTGAGE COMPANY | $245,000 | n/a | 0.1% | |
| Performance Financial, Inc. | $235,000 | n/a | 0.1% | |
| SPRING EQ, LLC | $380,000 | $235,000 | -38.2% | 0.1% |
| PHH Mortgage Corporation | $565,000 | $225,000 | -60.2% | 0.1% |
| The Central Trust Bank | $225,000 | n/a | 0.1% | |
| The Federal Savings Bank | $570,000 | $225,000 | -60.5% | 0.1% |
| First National Bank of America | $215,000 | n/a | 0.1% | |
| MORTGAGEONE, INC. | $215,000 | n/a | 0.1% | |
| Equity Prime Mortgage LLC | $835,000 | $205,000 | -75.4% | 0.1% |
| UMB Bank | $645,000 | $205,000 | -68.2% | 0.1% |
| Unison Bank | $205,000 | n/a | 0.1% | |
| Hometown Equity Mortgage, LLC | $195,000 | n/a | 0.1% | |
| NEW WEST LENDING, INC. | $185,000 | $195,000 | 5.4% | 0.1% |
| SUN WEST MORTGAGE COMPANY, INC. | $175,000 | n/a | 0.1% | |
| MOVEMENT MORTGAGE, LLC | $245,000 | $165,000 | -32.7% | 0.1% |
| Deerwood Bank | $155,000 | n/a | 0.1% | |
| VILLAGE CAPITAL MORTGAGE | $450,000 | $155,000 | -65.6% | 0.1% |
| iCore Lending, Inc. | $135,000 | $145,000 | 7.4% | 0.0% |
| SOUTHWEST STAGE FUNDING, LLC | $145,000 | n/a | 0.0% | |
| Comerica Bank | $170,000 | $135,000 | -20.6% | 0.0% |
| Bank of the West | $2,890,000 | $125,000 | -95.7% | 0.0% |
| Glacier Bank | $125,000 | n/a | 0.0% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $345,000 | $125,000 | -63.8% | 0.0% |
| HomeTrust Bank | $115,000 | n/a | 0.0% | |
| LOGIX FEDERAL CREDIT UNION | $115,000 | n/a | 0.0% | |
| SWH FUNDING, LLC | $115,000 | n/a | 0.0% | |
| AMERICAN FINANCING CORPORATION | $520,000 | $105,000 | -79.8% | 0.0% |
| HUGHES FEDERAL CREDIT UNION | $85,000 | $105,000 | 23.5% | 0.0% |
| ARIZONA CENTRAL | $120,000 | $100,000 | -16.7% | 0.0% |
| MOUNTAIN WEST FINANCIAL, INC. | $115,000 | $85,000 | -26.1% | 0.0% |
| NATIONS RELIABLE LENDING, LLC | $305,000 | $85,000 | -72.1% | 0.0% |
| BayCoast Bank | $25,000 | $65,000 | 160.0% | 0.0% |
| GEORGIA'S OWN | $255,000 | $55,000 | -78.4% | 0.0% |
| Landings Credit Union | $45,000 | n/a | 0.0% | |
| Service Federal Credit Union | $45,000 | n/a | 0.0% | |
| UNIFY FINANCIAL Credit Union | $35,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $25,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $15,000 | n/a | 0.0% | |
| Firefighters First Federal Credit Union | $135,000 | $15,000 | -88.9% | 0.0% |
Payson's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 7.9% market share. In second place, with 7.3%, is QUICKEN LOANS, LLC, having originated $21,810,000 in loans. In third place, with 5.5%, is AMERICAN PACIFIC MORTGAGE CORPORATION, having originated $16,315,000 in loans. In fourth place, with 2.9%, is Zions Bank, having originated $8,660,000 in loans. In fifth place, with 2.8%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $8,280,000 in loans.
Payson, AZ Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 673 | $218,655,000 | $324,896 |
| Cash Out Refi | 144 | $32,390,000 | $224,931 |
| Home Improvement | 102 | $11,370,000 | $111,471 |
| Other | 84 | $11,900,000 | $141,667 |
| Refi | 70 | $23,830,000 | $340,429 |
Payson's most frequently cited loan purpose was Home Purchase, with 673 originations. The 2nd most popular reason was Cash Out Refi, with 144 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 370 | $120,240,000 | $324,973 |
| 7-8% | 306 | $92,130,000 | $301,078 |
| Over 8% | 202 | $36,570,000 | $181,040 |
| 5-6% | 156 | $41,700,000 | $267,308 |
| 4-5% | 31 | $6,355,000 | $205,000 |
| 3-4% | 3 | $445,000 | $148,333 |
| 2.5-3% | 2 | $500,000 | $250,000 |
During 2023, Payson's most frequently originated rate bucket was 6-7%, with 370 originations.
Loan Sizing (Payson, AZ MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 447 | $128,295,000 | $287,013 |
| $100k-200k | 243 | $36,385,000 | $149,733 |
| $100,000 or less | 194 | $11,050,000 | $56,959 |
| $400k-600k | 124 | $58,730,000 | $473,629 |
| $600k-1000k | 52 | $38,040,000 | $731,538 |
| $Over $1MM | 13 | $25,645,000 | $1,972,692 |
Payson's loan sizing saw the bucket of loans from $200k-400k with 447 originations, totaling $128,295,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 366 | $118,320,000 | $323,279 |
| 60-80% | 265 | $94,635,000 | $357,113 |
| 40-60% | 145 | $50,885,000 | $350,931 |
| Under 20% | 142 | $8,410,000 | $59,225 |
| 20-40% | 129 | $18,345,000 | $142,209 |
| Over 100% | 18 | $6,170,000 | $342,778 |
Payson's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 366 originations, totaling $118,320,000 in origination value.