Payson Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Payson averaged
7.2%
for the week of 2023-09-14, compared to the national average of
7.18% for the same period.
The average rate for the prior week (2023-09-07) was
7.24% and
one month ago for the week of 2023-08-10, the
average rate was 7.08%.
Payson's average rate one year ago was 6.01%.
For refis of the same type during the week of 2023-09-14, the average rate
was 7%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2023-09-14 | 7.18% |
| Payson 30 Year Fixed Rate | 2023-09-14 | 7.2% |
| Payson 30 Year Fixed Rate Refi | 2023-09-14 | 7% |
| Payson 15 Year Fixed Rate | 2023-09-14 | 6.71% |
| Payson 15 Year Fixed Rate Refi | 2023-09-14 | 6.51% |
| Payson 30 Year FHA | 2023-09-14 | 6.66% |
| Payson 30 Year FHA Refi | 2023-09-14 | 7.19% |
| Payson 30 Year USDA | 2023-09-14 | 6.88% |
| Payson 30 Year USDA Refi | 2023-09-14 | 7.08% |
| Payson 30 Year VA | 2023-09-14 | 6.57% |
| Payson 30 Year VA Refi | 2023-09-14 | 6.91% |
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 147 lenders originated 1,636
loans during 2022. The total origination value was $441,890,000, with an average loan value of
$270,104.
Payson's average closing costs are $5,138.
The top Payson lender as defined by loan originations is QUICKEN LOANS, LLC, with
85 loans originated. Their average total fees are
$6,793, which is $17
higher than the next largest lender,
UNITED WHOLESALE MORTGAGE, LLC.
The lowest fee Payson lenders (with over 10 loans originated) are
SUN AMERICAN MORTGAGE COMPANY ($4,704), Wells Fargo Bank ($4,722), JPMorgan Chase Bank ($5,461), Amerifirst Financial, Inc. ($5,508) and V.I.P. MORTGAGE, INC. ($6,099).
The lowest rate Payson lenders (with over 10 loans originated) are
JPMorgan Chase Bank (4.24%), DEFINE MORTGAGE SOLUTIONS, LLC (4.35%), Wells Fargo Bank (4.38%), GUARANTEED RATE AFFINITY, LLC (4.41%) and LOANDEPOT.COM, LLC (4.48%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
|---|---|---|---|---|
| UNITED WHOLESALE MORTGAGE, LLC | $46,860,000 | $36,510,000 | -22.1% | 8.3% |
| QUICKEN LOANS, LLC | $59,025,000 | $31,920,000 | -45.9% | 7.2% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $37,315,000 | $24,105,000 | -35.4% | 5.5% |
| Zions Bancorporation, N.A. | $16,965,000 | $19,195,000 | 13.1% | 4.3% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $23,180,000 | $12,530,000 | -45.9% | 2.8% |
| JPMorgan Chase Bank | $11,550,000 | $11,275,000 | -2.4% | 2.6% |
| V.I.P. MORTGAGE, INC. | $21,075,000 | $11,105,000 | -47.3% | 2.5% |
| LOANDEPOT.COM, LLC | $18,775,000 | $9,740,000 | -48.1% | 2.2% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $10,515,000 | $9,245,000 | -12.1% | 2.1% |
| SUN AMERICAN MORTGAGE COMPANY | $13,600,000 | $8,515,000 | -37.4% | 1.9% |
| GUARANTEED RATE AFFINITY, LLC | $17,990,000 | $7,585,000 | -57.8% | 1.7% |
| GENEVA FINANCIAL, LLC | $14,360,000 | $7,365,000 | -48.7% | 1.7% |
| U.S. Bank | $10,660,000 | $7,045,000 | -33.9% | 1.6% |
| BAY EQUITY LLC | $15,845,000 | $6,955,000 | -56.1% | 1.6% |
| Wells Fargo Bank | $12,430,000 | $6,835,000 | -45.0% | 1.5% |
| Washington Federal Bank | $8,590,000 | $6,490,000 | -24.4% | 1.5% |
| MOUNTAIN AMERICA | $2,055,000 | $6,100,000 | 196.8% | 1.4% |
| Amerifirst Financial, Inc. | $19,555,000 | $6,045,000 | -69.1% | 1.4% |
| ACADEMY MORTGAGE CORPORATION | $6,015,000 | $5,920,000 | -1.6% | 1.3% |
| DESERT FINANCIAL FEDERAL CREDIT UNION | $2,350,000 | $5,495,000 | 133.8% | 1.2% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $7,345,000 | $5,440,000 | -25.9% | 1.2% |
| GUILD MORTGAGE COMPANY | $10,575,000 | $5,375,000 | -49.2% | 1.2% |
| CMG MORTGAGE, INC. | $2,045,000 | $5,150,000 | 151.8% | 1.2% |
| DEFINE MORTGAGE SOLUTIONS, LLC | $6,255,000 | $4,970,000 | -20.5% | 1.1% |
| FREEDOM MORTGAGE CORPORATION | $21,330,000 | $4,805,000 | -77.5% | 1.1% |
| HOME POINT FINANCIAL CORPORATION | $9,300,000 | $4,690,000 | -49.6% | 1.1% |
| Wallick & Volk, Inc. | $4,560,000 | $3,725,000 | -18.3% | 0.8% |
| BROKER SOLUTIONS, INC. | $3,960,000 | $3,535,000 | -10.7% | 0.8% |
| CROSSCOUNTRY MORTGAGE, LLC | $4,900,000 | $3,475,000 | -29.1% | 0.8% |
| Paramount Residential Mortgage Group, Inc. | $3,230,000 | $3,340,000 | 3.4% | 0.8% |
| MORIA DEVELOPMENT, INC. | $4,410,000 | $3,300,000 | -25.2% | 0.7% |
| AMERICAN FINANCIAL RESOURCES, INC. | $4,375,000 | $3,190,000 | -27.1% | 0.7% |
| Mortgage Research Center, LLC | $6,495,000 | $3,125,000 | -51.9% | 0.7% |
| Banner Bank | $3,105,000 | n/a | 0.7% | |
| FINANCE OF AMERICA MORTGAGE LLC | $6,270,000 | $3,085,000 | -50.8% | 0.7% |
| Waterstone Mortgage Corporation | $2,655,000 | $3,005,000 | 13.2% | 0.7% |
| Bank of the West | $955,000 | $2,890,000 | 202.6% | 0.7% |
| AMERISAVE MORTGAGE CORPORATION | $4,210,000 | $2,830,000 | -32.8% | 0.6% |
| CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $6,505,000 | $2,780,000 | -57.3% | 0.6% |
| PENNYMAC LOAN SERVICES, LLC | $7,470,000 | $2,780,000 | -62.8% | 0.6% |
| AMERICAN ADVISORS GROUP | $1,665,000 | $2,775,000 | 66.7% | 0.6% |
| Mr. Cooper ( Nationstar Mortgage ) | $4,685,000 | $2,615,000 | -44.2% | 0.6% |
| Bank of America | $7,025,000 | $2,475,000 | -64.8% | 0.6% |
| HILTON FINANCIAL CORPORATION | $2,745,000 | $2,275,000 | -17.1% | 0.5% |
| ARIZONA | $640,000 | $2,250,000 | 251.6% | 0.5% |
| HOMEXPRESS MORTGAGE CORP. | $375,000 | $2,205,000 | 488.0% | 0.5% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $1,970,000 | $2,205,000 | 11.9% | 0.5% |
| LOANPAL, LLC | $1,880,000 | $2,185,000 | 16.2% | 0.5% |
| Bell Bank | $6,120,000 | $1,980,000 | -67.6% | 0.4% |
| ENVOY MORTGAGE, LTD | $490,000 | $1,950,000 | 298.0% | 0.4% |
| Flagstar Bank, FSB | $4,320,000 | $1,885,000 | -56.4% | 0.4% |
| IMPAC MORTGAGE CORP. | $1,885,000 | n/a | 0.4% | |
| PRIMARY RESIDENTIAL MORTGAGE, INC. | $3,780,000 | $1,825,000 | -51.7% | 0.4% |
| REVERSE MORTGAGE FUNDING LLC | $205,000 | $1,815,000 | 785.4% | 0.4% |
| GUARANTEED RATE, INC. | $4,670,000 | $1,740,000 | -62.7% | 0.4% |
| NEWREZ LLC | $5,285,000 | $1,700,000 | -67.8% | 0.4% |
| FINANCE OF AMERICA REVERSE LLC | $1,405,000 | $1,685,000 | 19.9% | 0.4% |
| BM Real Estate Services, Inc. | $1,605,000 | n/a | 0.4% | |
| Morgan Stanley Private Bank | $3,305,000 | $1,545,000 | -53.3% | 0.3% |
| KS StateBank | $4,300,000 | $1,500,000 | -65.1% | 0.3% |
| UNION HOME MORTGAGE CORP. | $345,000 | $1,500,000 | 334.8% | 0.3% |
| Canyon State Credit Union | $960,000 | $1,485,000 | 54.7% | 0.3% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $5,050,000 | $1,415,000 | -72.0% | 0.3% |
| NFM, INC. | $2,005,000 | $1,360,000 | -32.2% | 0.3% |
| TRUWEST Credit Union | $850,000 | $1,345,000 | 58.2% | 0.3% |
| OneAZ Credit Union | $1,345,000 | $1,280,000 | -4.8% | 0.3% |
| A&D Mortgage LLC | $1,250,000 | n/a | 0.3% | |
| NEW DAY FINANCIAL, LLC | $2,405,000 | $1,215,000 | -49.5% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $1,790,000 | $1,205,000 | -32.7% | 0.3% |
| ON Q FINANCIAL, INC. | $3,955,000 | $1,190,000 | -69.9% | 0.3% |
| LAND HOME FINANCIAL SERVICES, INC. | $5,905,000 | $1,175,000 | -80.1% | 0.3% |
| HUNT MORTGAGE CORPORATION | $1,165,000 | n/a | 0.3% | |
| MID AMERICA MORTGAGE, INC. | $470,000 | $1,145,000 | 143.6% | 0.3% |
| PENTAGON FEDERAL CREDIT UNION | $415,000 | $1,135,000 | 173.5% | 0.3% |
| PNC Bank | $585,000 | $1,130,000 | 93.2% | 0.3% |
| AMERICAN INTERNET MORTGAGE, INC. | $865,000 | $1,070,000 | 23.7% | 0.2% |
| HOMESIDE FINANCIAL, LLC | $1,325,000 | $1,070,000 | -19.2% | 0.2% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $1,800,000 | $1,040,000 | -42.2% | 0.2% |
| Commerce Home Mortgage, Inc. | $1,040,000 | n/a | 0.2% | |
| USAA Federal Savings Bank | $2,045,000 | $995,000 | -51.3% | 0.2% |
| Sierra Pacific Mortgage Company, Inc. | $985,000 | n/a | 0.2% | |
| CALIBER HOME LOANS, INC. | $8,965,000 | $950,000 | -89.4% | 0.2% |
| ALAMEDA MORTGAGE CORPORATION | $935,000 | n/a | 0.2% | |
| Carrington Mortgage Services, LLC | $3,715,000 | $930,000 | -75.0% | 0.2% |
| OCMBC, INC. | $165,000 | $930,000 | 463.6% | 0.2% |
| Sunflower Bank | $2,800,000 | $930,000 | -66.8% | 0.2% |
| OPEN MORTGAGE, LLC | $470,000 | $925,000 | 96.8% | 0.2% |
| MidWestOne Bank | $365,000 | $895,000 | 145.2% | 0.2% |
| LEADERONE FINANCIAL CORPORATION | $490,000 | $890,000 | 81.6% | 0.2% |
| MUFG Union Bank | $315,000 | $870,000 | 176.2% | 0.2% |
| BMO Harris Bank | $455,000 | $860,000 | 89.0% | 0.2% |
| AMERICAN HERITAGE LENDING, INC. | $845,000 | n/a | 0.2% | |
| INLAND BANK & TRUST | $845,000 | n/a | 0.2% | |
| Equity Prime Mortgage LLC | $600,000 | $835,000 | 39.2% | 0.2% |
| SUMMIT FUNDING, INC. | $610,000 | $835,000 | 36.9% | 0.2% |
| Charles Schwab Bank, SSB | $1,210,000 | $830,000 | -31.4% | 0.2% |
| KeyBank | $850,000 | $830,000 | -2.4% | 0.2% |
| Magnolia Bank | $660,000 | $815,000 | 23.5% | 0.2% |
| BETTER MORTGAGE CORPORATION | $2,095,000 | $800,000 | -61.8% | 0.2% |
| INTERLINC MORTGAGE SERVICES, LLC | $545,000 | $800,000 | 46.8% | 0.2% |
| Royal Business Bank | $785,000 | n/a | 0.2% | |
| LENDSURE MORTGAGE CORP. | $760,000 | n/a | 0.2% | |
| PREMIER LENDING, INC. | $255,000 | $730,000 | 186.3% | 0.2% |
| DIRECT MORTGAGE, CORP. | $720,000 | n/a | 0.2% | |
| 21ST MORTGAGE CORPORATION | $1,285,000 | $700,000 | -45.5% | 0.2% |
| AXIA FINANCIAL, LLC | $115,000 | $680,000 | 491.3% | 0.2% |
| AmeriHome Mortgage Company, LLC | $665,000 | n/a | 0.2% | |
| TOP FLITE FINANCIAL, INC. | $560,000 | $660,000 | 17.9% | 0.1% |
| Citadel Servicing Corporation | $225,000 | $650,000 | 188.9% | 0.1% |
| CITYWIDE HOME LOANS, LLC | $650,000 | n/a | 0.1% | |
| UBS Bank USA | $555,000 | $645,000 | 16.2% | 0.1% |
| UMB Bank | $840,000 | $645,000 | -23.2% | 0.1% |
| GSF Mortgage Corporation | $165,000 | $630,000 | 281.8% | 0.1% |
| NETWORK CAPITAL FUNDING CORPORATION | $1,520,000 | $630,000 | -58.6% | 0.1% |
| Financial Funding Solutions, Inc. | $540,000 | $625,000 | 15.7% | 0.1% |
| SUNSTREET MORTGAGE, LLC | $515,000 | $625,000 | 21.4% | 0.1% |
| CITY FIRST MORTGAGE SERVICES, L.L.C. | $620,000 | n/a | 0.1% | |
| Lend Smart Mortgage, LLC | $125,000 | $610,000 | 388.0% | 0.1% |
| THRIVE MORTGAGE, LLC | $600,000 | n/a | 0.1% | |
| Century Mortgage Company DBA Century Lending Company | $575,000 | n/a | 0.1% | |
| CHURCHILL MORTGAGE CORPORATION | $760,000 | $575,000 | -24.3% | 0.1% |
| SECURITYNATIONAL MORTGAGE COMPANY | $2,240,000 | $575,000 | -74.3% | 0.1% |
| The Federal Savings Bank | $1,905,000 | $570,000 | -70.1% | 0.1% |
| PHH Mortgage Corporation | $525,000 | $565,000 | 7.6% | 0.1% |
| BNC National Bank | $555,000 | n/a | 0.1% | |
| First Federal Bank | $315,000 | $550,000 | 74.6% | 0.1% |
| Nations Lending Corporation | $1,270,000 | $545,000 | -57.1% | 0.1% |
| INTERCAP LENDING INC. | $105,000 | $535,000 | 409.5% | 0.1% |
| AMERICAN FINANCING CORPORATION | $2,150,000 | $520,000 | -75.8% | 0.1% |
| MidFirst Bank | $3,685,000 | $515,000 | -86.0% | 0.1% |
| Citizens 1st Bank | $505,000 | n/a | 0.1% | |
| HORIZON COMMUNITY BANK, INC. | $505,000 | n/a | 0.1% | |
| First State Bank | $495,000 | n/a | 0.1% | |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $485,000 | n/a | 0.1% | |
| SFMC, LP | $455,000 | $485,000 | 6.6% | 0.1% |
| Evolve Bank & Trust | $480,000 | n/a | 0.1% | |
| EMM LOANS LLC | $580,000 | $470,000 | -19.0% | 0.1% |
| MICHIGAN MUTUAL, INC. | $665,000 | $460,000 | -30.8% | 0.1% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,705,000 | $455,000 | -73.3% | 0.1% |
| VILLAGE CAPITAL MORTGAGE | $1,955,000 | $450,000 | -77.0% | 0.1% |
| NexBank | $445,000 | n/a | 0.1% | |
| TEMPLE VIEW CAPITAL FUNDING, LP | $445,000 | n/a | 0.1% | |
| IDEAL HOME LOANS LLC | $185,000 | $440,000 | 137.8% | 0.1% |
| Gateway First Bank | $105,000 | $435,000 | 314.3% | 0.1% |
| Hometown Lenders, Inc. | $405,000 | n/a | 0.1% | |
| CHERRY CREEK MORTGAGE, LLC | $545,000 | $390,000 | -28.4% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $555,000 | $385,000 | -30.6% | 0.1% |
| SPRING EQ, LLC | $195,000 | $380,000 | 94.9% | 0.1% |
| KELLER MORTGAGE, LLC | $465,000 | $375,000 | -19.4% | 0.1% |
| Prosperity Home Mortgage, LLC | $670,000 | $365,000 | -45.5% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $3,820,000 | $360,000 | -90.6% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $2,700,000 | $360,000 | -86.7% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $655,000 | $355,000 | -45.8% | 0.1% |
| I. H. MISSISSIPPI VALLEY CREDIT UNION | $355,000 | n/a | 0.1% | |
| LHM FINANCIAL CORPORATION | $1,390,000 | $355,000 | -74.5% | 0.1% |
| Unitus Community Credit Union | $355,000 | n/a | 0.1% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $1,240,000 | $345,000 | -72.2% | 0.1% |
| ROYAL UNITED MORTGAGE LLC | $345,000 | $345,000 | 0.0% | 0.1% |
| STAR ONE CREDIT UNION | $335,000 | n/a | 0.1% | |
| ALLIANT CREDIT UNION | $270,000 | $330,000 | 22.2% | 0.1% |
| DIRECTORS MORTGAGE, INC. | $325,000 | n/a | 0.1% | |
| M&T Bank | $175,000 | $325,000 | 85.7% | 0.1% |
| STARBOARD FINANCIAL MANAGEMENT, LLC | $1,880,000 | $325,000 | -82.7% | 0.1% |
| BOKF | $750,000 | $305,000 | -59.3% | 0.1% |
| Chicago Patrolmen's Federal Credit Union | $305,000 | n/a | 0.1% | |
| City National Bank | $605,000 | $305,000 | -49.6% | 0.1% |
| CREDIT HUMAN FEDERAL CREDIT UNION | $120,000 | $305,000 | 154.2% | 0.1% |
| LEGEND LENDING CORPORATION | $305,000 | n/a | 0.1% | |
| NATIONS RELIABLE LENDING, LLC | $305,000 | n/a | 0.1% | |
| ALL REVERSE MORTGAGE, INC. | $235,000 | $295,000 | 25.5% | 0.1% |
| Ally Bank | $265,000 | $295,000 | 11.3% | 0.1% |
| FirstBank | $275,000 | $295,000 | 7.3% | 0.1% |
| Bethpage Federal Credit Union | $285,000 | n/a | 0.1% | |
| FBC MORTGAGE, LLC | $1,590,000 | $275,000 | -82.7% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $305,000 | $275,000 | -9.8% | 0.1% |
| SWBC MORTGAGE CORPORATION | $255,000 | $275,000 | 7.8% | 0.1% |
| UNIVERSITY CREDIT UNION | $275,000 | n/a | 0.1% | |
| Watermark Capital, Inc. | $1,535,000 | $270,000 | -82.4% | 0.1% |
| EVERETT FINANCIAL, INC. | $265,000 | n/a | 0.1% | |
| Western State Bank | $265,000 | n/a | 0.1% | |
| CIVIC FINANCIAL SERVICES, LLC | $255,000 | n/a | 0.1% | |
| First United Bank and Trust Company | $255,000 | n/a | 0.1% | |
| GEORGIA'S OWN | $330,000 | $255,000 | -22.7% | 0.1% |
| VANTAGE WEST | $255,000 | n/a | 0.1% | |
| CLEARPATH LENDING | $1,210,000 | $245,000 | -79.8% | 0.1% |
| Merchants Mortgage & Trust Corporation | $245,000 | n/a | 0.1% | |
| MOVEMENT MORTGAGE, LLC | $2,645,000 | $245,000 | -90.7% | 0.1% |
| First Home Bank | $235,000 | n/a | 0.1% | |
| North American Savings Bank, F.S.B. | $645,000 | $235,000 | -63.6% | 0.1% |
| SUBURBAN MORTGAGE, INC. | $880,000 | $235,000 | -73.3% | 0.1% |
| CREDIT UNION WEST | $165,000 | $230,000 | 39.4% | 0.1% |
| AMCAP MORTGAGE, LTD. | $430,000 | $225,000 | -47.7% | 0.1% |
| First Option Mortgage, LLC | $245,000 | $225,000 | -8.2% | 0.1% |
| Northwest Farm Credit Services, FLCA | $205,000 | n/a | 0.0% | |
| Franklin Loan Corporation | $195,000 | n/a | 0.0% | |
| NEW WEST LENDING, INC. | $1,650,000 | $185,000 | -88.8% | 0.0% |
| Alaska USA Federal Credit Union | $85,000 | $180,000 | 111.8% | 0.0% |
| Comerica Bank | $65,000 | $170,000 | 161.5% | 0.0% |
| ALTITUDE FINANCIAL CORPORATION | $365,000 | $165,000 | -54.8% | 0.0% |
| LENDINGHOME FUNDING CORPORATION | $165,000 | n/a | 0.0% | |
| Loan Simple, Inc. | $165,000 | n/a | 0.0% | |
| PLANET HOME LENDING, LLC | $895,000 | $165,000 | -81.6% | 0.0% |
| PREMIA MORTGAGE, LLC | $165,000 | n/a | 0.0% | |
| NATIONS DIRECT MORTGAGE, LLC | $540,000 | $155,000 | -71.3% | 0.0% |
| RESIDENTIAL BANCORP. | $415,000 | $155,000 | -62.7% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $840,000 | $145,000 | -82.7% | 0.0% |
| Citizens Bank | $195,000 | $135,000 | -30.8% | 0.0% |
| Firefighters First Federal Credit Union | $135,000 | n/a | 0.0% | |
| iCore Lending, Inc. | $135,000 | n/a | 0.0% | |
| Discover Bank | $210,000 | $130,000 | -38.1% | 0.0% |
| ARIZONA CENTRAL | $120,000 | n/a | 0.0% | |
| MOUNTAIN WEST FINANCIAL, INC. | $480,000 | $115,000 | -76.0% | 0.0% |
| AERO Federal Credit Union | $105,000 | n/a | 0.0% | |
| PACIFIC RESIDENTIAL MORTGAGE, LLC | $105,000 | n/a | 0.0% | |
| ZILLOW HOME LOANS, LLC | $600,000 | $105,000 | -82.5% | 0.0% |
| AMERICA FIRST | $585,000 | $95,000 | -83.8% | 0.0% |
| MORTGAGE SOLUTIONS OF COLORADO, LLC | $95,000 | n/a | 0.0% | |
| HUGHES FEDERAL CREDIT UNION | $35,000 | $85,000 | 142.9% | 0.0% |
| ANDREWS FEDERAL CREDIT UNION | $75,000 | n/a | 0.0% | |
| F&A Federal Credit Union | $155,000 | $75,000 | -51.6% | 0.0% |
| Figure Lending LLC | $310,000 | $45,000 | -85.5% | 0.0% |
| BayCoast Bank | $25,000 | n/a | 0.0% | |
| Home Loan Investment Bank, F.S.B. | $15,000 | $25,000 | 66.7% | 0.0% |
| TUCSON | $25,000 | n/a | 0.0% | |
| VANDERBILT MORTGAGE AND FINANCE, INC. | $200,000 | $25,000 | -87.5% | 0.0% |
Payson's top lender by overall market share is UNITED WHOLESALE MORTGAGE, LLC, with 8.3% market share. In second place, with 7.2%, is QUICKEN LOANS, LLC, having originated $31,920,000 in loans. In third place, with 5.5%, is AMERICAN PACIFIC MORTGAGE CORPORATION, having originated $24,105,000 in loans. In fourth place, with 4.3%, is Zions Bancorporation, N.A., having originated $19,195,000 in loans. In fifth place, with 2.8%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $12,530,000 in loans.
Payson, AZ Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 862 | $272,040,000 | $315,592 |
| Cash Out Refi | 394 | $92,420,000 | $234,569 |
| Refi | 204 | $52,140,000 | $255,588 |
| Home Improvement | 96 | $11,620,000 | $121,042 |
| Other | 80 | $13,670,000 | $170,875 |
Payson's most frequently cited loan purpose was Home Purchase, with 862 originations. The 2nd most popular reason was Cash Out Refi, with 394 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 3-4% | 406 | $115,750,000 | $285,099 |
| 5-6% | 392 | $106,190,000 | $270,893 |
| 4-5% | 355 | $98,365,000 | $277,085 |
| 6-7% | 218 | $53,430,000 | $245,092 |
| 2.5-3% | 105 | $32,605,000 | $310,524 |
| 7-8% | 95 | $21,575,000 | $227,105 |
| Over 8% | 34 | $7,400,000 | $217,647 |
| <2.5% | 27 | $5,235,000 | $193,889 |
During 2022, Payson's most frequently originated rate bucket was 3-4%, with 406 originations.
Loan Sizing (Payson, AZ MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 717 | $204,755,000 | $285,572 |
| $100k-200k | 446 | $66,520,000 | $149,148 |
| $100,000 or less | 210 | $12,800,000 | $60,952 |
| $400k-600k | 179 | $85,175,000 | $475,838 |
| $600k-1000k | 68 | $49,200,000 | $723,529 |
| $Over $1MM | 16 | $23,440,000 | $1,465,000 |
Payson's loan sizing saw the bucket of loans from $200k-400k with 717 originations, totaling $204,755,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 519 | $159,705,000 | $307,717 |
| 60-80% | 467 | $157,325,000 | $336,884 |
| 40-60% | 317 | $81,335,000 | $256,577 |
| 20-40% | 185 | $28,475,000 | $153,919 |
| Under 20% | 121 | $7,255,000 | $59,959 |
| Over 100% | 8 | $3,380,000 | $422,500 |
Payson's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 519 originations, totaling $159,705,000 in origination value.