Safford Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Safford averaged
6.69%
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
6.92% and
one month ago for the week of 2024-10-03, the
average rate was 6.22%.
Safford's average rate one year ago was 7.66%.
For refis of the same type during the week of 2024-11-07, the average rate
was 7.09%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-11-07 | 6.79% |
| Safford 30 Year Fixed Rate | 2024-11-07 | 6.69% |
| Safford 30 Year Fixed Rate Refi | 2024-11-07 | 7.09% |
| Safford 15 Year Fixed Rate | 2024-11-07 | 6% |
| Safford 15 Year Fixed Rate Refi | 2024-11-07 | 6.3% |
| Safford 30 Year FHA | 2024-11-07 | 6.55% |
| Safford 30 Year FHA Refi | 2024-11-07 | 6.43% |
| Safford 30 Year USDA | 2024-11-07 | 6.28% |
| Safford 30 Year USDA Refi | 2024-11-07 | 6.48% |
| Safford 30 Year VA | 2024-11-07 | 6.54% |
| Safford 30 Year VA Refi | 2024-11-07 | 6.34% |
Safford 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 Safford, 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.).
Safford Average Closing Costs & Other Stats
Safford, AZ's 37 lenders originated 595
loans during 2023. The total origination value was $126,765,000, with an average loan value of
$213,050.
Safford's average closing costs are $5,995.
The top Safford lender as defined by loan originations is MANN FINANCIAL INC., with
29 loans originated. Their average total fees are
$8,091, which is $3,079
higher than the next largest lender,
OneAZ Credit Union.
The lowest fee Safford lenders (with over 10 loans originated) are
NOVA FINANCIAL & INVESTMENT CORPORATION ($3,908), OneAZ Credit Union ($5,013), QUICKEN LOANS, LLC ($7,297), MANN FINANCIAL INC. ($8,091) and AMERICAN PACIFIC MORTGAGE CORPORATION ($8,506).
The lowest rate Safford lenders (with over 10 loans originated) are
OneAZ Credit Union (6.02%), AMERICAN PACIFIC MORTGAGE CORPORATION (6.71%), QUICKEN LOANS, LLC (6.74%), NOVA FINANCIAL & INVESTMENT CORPORATION (6.94%) and FAIRWAY INDEPENDENT MORTGAGE CORPORATION (7.01%).
Safford, 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 |
|---|---|---|---|---|
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $20,880,000 | $19,960,000 | -4.4% | 15.7% |
| MANN FINANCIAL INC. | $24,165,000 | $19,000,000 | -21.4% | 15.0% |
| OneAZ Credit Union | $17,890,000 | $11,510,000 | -35.7% | 9.1% |
| NOVA FINANCIAL & INVESTMENT CORPORATION | $9,470,000 | $9,045,000 | -4.5% | 7.1% |
| GUILD MORTGAGE COMPANY | $8,540,000 | $9,010,000 | 5.5% | 7.1% |
| QUICKEN LOANS, LLC | $12,660,000 | $8,230,000 | -35.0% | 6.5% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $2,730,000 | $8,015,000 | 193.6% | 6.3% |
| UNITED WHOLESALE MORTGAGE, LLC | $7,525,000 | $5,470,000 | -27.3% | 4.3% |
| SUN AMERICAN MORTGAGE COMPANY | $1,550,000 | $3,525,000 | 127.4% | 2.8% |
| BAY EQUITY LLC | $3,945,000 | $2,765,000 | -29.9% | 2.2% |
| Mortgage Research Center, LLC | $1,795,000 | $1,760,000 | -1.9% | 1.4% |
| Mr. Cooper ( Nationstar Mortgage ) | $1,335,000 | $1,260,000 | -5.6% | 1.0% |
| PIMA Federal Credit Union | $1,155,000 | n/a | 0.9% | |
| ALTITUDE FINANCIAL CORPORATION | $1,055,000 | n/a | 0.8% | |
| Zions Bank | $4,545,000 | $1,005,000 | -77.9% | 0.8% |
| Wells Fargo Bank | $2,415,000 | $975,000 | -59.6% | 0.8% |
| Flagstar Bank, FSB | $165,000 | $945,000 | 472.7% | 0.7% |
| FREEDOM MORTGAGE CORPORATION | $2,365,000 | $855,000 | -63.8% | 0.7% |
| JPMorgan Chase Bank | $900,000 | $845,000 | -6.1% | 0.7% |
| PENNYMAC LOAN SERVICES, LLC | $2,565,000 | $780,000 | -69.6% | 0.6% |
| Carrington Mortgage Services, LLC | $1,170,000 | $715,000 | -38.9% | 0.6% |
| BROKER SOLUTIONS, INC. | $695,000 | $685,000 | -1.4% | 0.5% |
| 21ST MORTGAGE CORPORATION | $750,000 | $665,000 | -11.3% | 0.5% |
| Equity Prime Mortgage LLC | $600,000 | n/a | 0.5% | |
| V.I.P. MORTGAGE, INC. | $1,910,000 | $600,000 | -68.6% | 0.5% |
| OCMBC, INC. | $575,000 | n/a | 0.5% | |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $515,000 | n/a | 0.4% | |
| USAA Federal Savings Bank | $1,330,000 | $510,000 | -61.7% | 0.4% |
| Northpointe Bank | $905,000 | $505,000 | -44.2% | 0.4% |
| Commerce Home Mortgage, Inc. | $480,000 | n/a | 0.4% | |
| Plains Commerce Bank | $290,000 | $465,000 | 60.3% | 0.4% |
| AMERICAN FINANCIAL RESOURCES, INC. | $460,000 | n/a | 0.4% | |
| Ameris Bank | $435,000 | n/a | 0.3% | |
| DEFINE MORTGAGE SOLUTIONS, LLC | $155,000 | $435,000 | 180.6% | 0.3% |
| NETWORK CAPITAL FUNDING CORPORATION | $260,000 | $425,000 | 63.5% | 0.3% |
| MOUNTAIN AMERICA | $180,000 | $420,000 | 133.3% | 0.3% |
| DESERT FINANCIAL FEDERAL CREDIT UNION | $755,000 | $405,000 | -46.4% | 0.3% |
| NAVY FEDERAL CREDIT UNION | $630,000 | $405,000 | -35.7% | 0.3% |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $400,000 | n/a | 0.3% | |
| DRAPER AND KRAMER MORTGAGE CORP. | $365,000 | n/a | 0.3% | |
| SUN WEST MORTGAGE COMPANY, INC. | $360,000 | n/a | 0.3% | |
| CARDINAL FINANCIAL | $455,000 | $345,000 | -24.2% | 0.3% |
| CMG MORTGAGE, INC. | $1,015,000 | $345,000 | -66.0% | 0.3% |
| Discover Bank | $235,000 | $335,000 | 42.6% | 0.3% |
| HUGHES FEDERAL CREDIT UNION | $810,000 | $325,000 | -59.9% | 0.3% |
| DAS Acquisition Company, LLC | $315,000 | n/a | 0.2% | |
| LAKEVIEW LOAN SERVICING, LLC | $470,000 | $305,000 | -35.1% | 0.2% |
| LENDINGONE, LLC | $1,095,000 | $305,000 | -72.1% | 0.2% |
| UNION HOME MORTGAGE CORP. | $305,000 | n/a | 0.2% | |
| LOANPAL, LLC | $1,930,000 | $290,000 | -85.0% | 0.2% |
| ACADEMY MORTGAGE CORPORATION | $615,000 | $280,000 | -54.5% | 0.2% |
| GUARANTEED RATE AFFINITY, LLC | $305,000 | $255,000 | -16.4% | 0.2% |
| ENVOY MORTGAGE, LTD | $235,000 | $245,000 | 4.3% | 0.2% |
| PNC Bank | $240,000 | n/a | 0.2% | |
| Sunflower Bank | $645,000 | $235,000 | -63.6% | 0.2% |
| Notre Dame Federal Credit Union Corporation | $230,000 | n/a | 0.2% | |
| VILLAGE CAPITAL MORTGAGE | $225,000 | n/a | 0.2% | |
| Sierra Pacific Mortgage Company, Inc. | $285,000 | $215,000 | -24.6% | 0.2% |
| SOVEREIGN LENDING GROUP INCORPORATED | $215,000 | n/a | 0.2% | |
| TOP FLITE FINANCIAL, INC. | $135,000 | $215,000 | 59.3% | 0.2% |
| First Interstate Bank | $205,000 | n/a | 0.2% | |
| LHM FINANCIAL CORPORATION | $3,500,000 | $205,000 | -94.1% | 0.2% |
| Magnolia Bank | $285,000 | $205,000 | -28.1% | 0.2% |
| MASON MCDUFFIE MORTGAGE CORPORATION | $205,000 | n/a | 0.2% | |
| MID AMERICA MORTGAGE, INC. | $205,000 | n/a | 0.2% | |
| The Loan Store, Inc. | $205,000 | n/a | 0.2% | |
| AMERICA FIRST | $85,000 | $195,000 | 129.4% | 0.2% |
| S1L, Inc. | $195,000 | n/a | 0.2% | |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $500,000 | $185,000 | -63.0% | 0.1% |
| TOTAL MORTGAGE SERVICES, LLC | $185,000 | n/a | 0.1% | |
| NEW DAY FINANCIAL, LLC | $410,000 | $165,000 | -59.8% | 0.1% |
| PLAZA HOME MORTGAGE, INC. | $165,000 | n/a | 0.1% | |
| AMERICAN FINANCIAL NETWORK, INC. | $155,000 | n/a | 0.1% | |
| LOANDEPOT.COM, LLC | $1,760,000 | $155,000 | -91.2% | 0.1% |
| ARIZONA CENTRAL | $185,000 | $125,000 | -32.4% | 0.1% |
| Coastal Community Bank | $115,000 | n/a | 0.1% | |
| Washington Federal Bank | $1,035,000 | $110,000 | -89.4% | 0.1% |
| LONGBRIDGE FINANCIAL, LLC | $105,000 | n/a | 0.1% | |
| CALCON MUTUAL MORTGAGE LLC | $95,000 | n/a | 0.1% | |
| Alaska USA Federal Credit Union | $90,000 | n/a | 0.1% | |
| AMERICAN FINANCING CORPORATION | $195,000 | $85,000 | -56.4% | 0.1% |
| GENEVA FINANCIAL, LLC | $345,000 | $85,000 | -75.4% | 0.1% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $330,000 | $75,000 | -77.3% | 0.1% |
| The Federal Savings Bank | $620,000 | $75,000 | -87.9% | 0.1% |
| ALLIANT CREDIT UNION | $55,000 | n/a | 0.0% | |
| SPRING EQ, LLC | $55,000 | $55,000 | 0.0% | 0.0% |
| U.S. Bank | $520,000 | $55,000 | -89.4% | 0.0% |
| Figure Lending LLC | $35,000 | n/a | 0.0% | |
| First Credit Union | $25,000 | n/a | 0.0% |
Safford's top lender by overall market share is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, with 15.7% market share. In second place, with 15.0%, is MANN FINANCIAL INC., having originated $19,000,000 in loans. In third place, with 9.1%, is OneAZ Credit Union, having originated $11,510,000 in loans. In fourth place, with 7.1%, is NOVA FINANCIAL & INVESTMENT CORPORATION, having originated $9,045,000 in loans. In fifth place, with 7.1%, is GUILD MORTGAGE COMPANY, having originated $9,010,000 in loans.
Safford, AZ Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 353 | $87,645,000 | $248,286 |
| Cash Out Refi | 97 | $17,105,000 | $176,340 |
| Refi | 56 | $14,970,000 | $267,321 |
| Other | 53 | $4,105,000 | $77,453 |
| Home Improvement | 36 | $2,940,000 | $81,667 |
Safford's most frequently cited loan purpose was Home Purchase, with 353 originations. The 2nd most popular reason was Cash Out Refi, with 97 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 249 | $56,935,000 | $228,655 |
| 7-8% | 169 | $39,005,000 | $230,799 |
| 5-6% | 88 | $21,060,000 | $239,318 |
| Over 8% | 74 | $7,480,000 | $101,081 |
| 4-5% | 10 | $1,860,000 | $186,000 |
| <2.5% | 3 | $295,000 | $98,333 |
| 2.5-3% | 1 | $125,000 | $125,000 |
During 2023, Safford's most frequently originated rate bucket was 6-7%, with 249 originations.
Loan Sizing (Safford, AZ MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 276 | $75,750,000 | $274,457 |
| $100k-200k | 184 | $28,320,000 | $153,913 |
| $100,000 or less | 100 | $5,540,000 | $55,400 |
| $400k-600k | 32 | $14,610,000 | $456,563 |
| $600k-1000k | 2 | $1,390,000 | $695,000 |
| $Over $1MM | 1 | $1,155,000 | $1,155,000 |
Safford's loan sizing saw the bucket of loans from $200k-400k with 276 originations, totaling $75,750,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 296 | $78,380,000 | $264,797 |
| 60-80% | 121 | $27,435,000 | $226,736 |
| 20-40% | 60 | $5,520,000 | $92,000 |
| Under 20% | 55 | $2,845,000 | $51,727 |
| 40-60% | 47 | $8,265,000 | $175,851 |
| Over 100% | 12 | $3,550,000 | $295,833 |
Safford's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 296 originations, totaling $78,380,000 in origination value.