Safford Mortgage Rates & Closing Costs
30 Year Fixed Rate mortgages in Safford averaged
7.16%
for the week of 2023-11-30, compared to the national average of
7.22% for the same period.
The average rate for the prior week (2023-11-22) was
7.23% and
one month ago for the week of 2023-10-26, the
average rate was 7.43%.
Safford's average rate one year ago was 6.42%.
For refis of the same type during the week of 2023-11-30, the average rate
was 7.42%.
Loan Type | Date | Rate |
---|---|---|
US 30 Year Fixed Rate | 2023-11-30 | 7.22% |
Safford 30 Year Fixed Rate | 2023-11-30 | 7.16% |
Safford 30 Year Fixed Rate Refi | 2023-11-30 | 7.42% |
Safford 15 Year Fixed Rate | 2023-11-30 | 6.36% |
Safford 15 Year Fixed Rate Refi | 2023-11-30 | 6.66% |
Safford 30 Year FHA | 2023-11-30 | 6.51% |
Safford 30 Year FHA Refi | 2023-11-30 | 7.05% |
Safford 30 Year USDA | 2023-11-30 | 7.2% |
Safford 30 Year USDA Refi | 2023-11-30 | 7% |
Safford 30 Year VA | 2023-11-30 | 6.77% |
Safford 30 Year VA Refi | 2023-11-30 | 6.87% |
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 60 lenders originated 857
loans during 2022. The total origination value was $185,745,000, with an average loan value of
$216,739.
Safford's average closing costs are $5,646.
The top Safford lender as defined by loan originations is OneAZ Credit Union, with
44 loans originated. Their average total fees are
$4,247, which is $3,627
lower than the next largest lender,
MANN FINANCIAL INC..
The lowest fee Safford lenders (with over 10 loans originated) are
OneAZ Credit Union ($4,247), SUNSTREET MORTGAGE, LLC ($4,432), NOVA FINANCIAL & INVESTMENT CORPORATION ($5,100), UNITED WHOLESALE MORTGAGE, LLC ($6,274) and QUICKEN LOANS, LLC ($6,446).
The lowest rate Safford lenders (with over 10 loans originated) are
OneAZ Credit Union (4.73%), SUNSTREET MORTGAGE, LLC (4.75%), QUICKEN LOANS, LLC (5.00%), UNITED WHOLESALE MORTGAGE, LLC (5.11%) and NOVA FINANCIAL & INVESTMENT CORPORATION (5.15%).
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 | 2021 Loan Value | 2022 Loan Value | % Change | 2022 Market Share |
---|---|---|---|---|
MANN FINANCIAL INC. | $43,445,000 | $24,165,000 | -44.4% | 13.0% |
FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $12,900,000 | $20,880,000 | 61.9% | 11.2% |
OneAZ Credit Union | $29,350,000 | $17,890,000 | -39.0% | 9.6% |
QUICKEN LOANS, LLC | $19,035,000 | $12,660,000 | -33.5% | 6.8% |
SUNSTREET MORTGAGE, LLC | $17,610,000 | $9,565,000 | -45.7% | 5.1% |
NOVA FINANCIAL & INVESTMENT CORPORATION | $24,635,000 | $9,470,000 | -61.6% | 5.1% |
GUILD MORTGAGE COMPANY | $10,765,000 | $8,540,000 | -20.7% | 4.6% |
UNITED WHOLESALE MORTGAGE, LLC | $8,465,000 | $7,525,000 | -11.1% | 4.1% |
Zions Bancorporation, N.A. | $3,225,000 | $4,545,000 | 40.9% | 2.4% |
BAY EQUITY LLC | $14,015,000 | $3,945,000 | -71.9% | 2.1% |
LHM FINANCIAL CORPORATION | $4,225,000 | $3,500,000 | -17.2% | 1.9% |
First Fidelity Bank | $3,155,000 | n/a | 1.7% | |
AMERICAN PACIFIC MORTGAGE CORPORATION | $145,000 | $2,730,000 | 1,782.8% | 1.5% |
PENNYMAC LOAN SERVICES, LLC | $3,445,000 | $2,565,000 | -25.5% | 1.4% |
Wells Fargo Bank | $2,360,000 | $2,415,000 | 2.3% | 1.3% |
FREEDOM MORTGAGE CORPORATION | $6,905,000 | $2,365,000 | -65.7% | 1.3% |
LOANPAL, LLC | $1,225,000 | $1,930,000 | 57.6% | 1.0% |
V.I.P. MORTGAGE, INC. | $860,000 | $1,910,000 | 122.1% | 1.0% |
Mortgage Research Center, LLC | $2,605,000 | $1,795,000 | -31.1% | 1.0% |
LOANDEPOT.COM, LLC | $3,105,000 | $1,760,000 | -43.3% | 0.9% |
NEWREZ LLC | $1,930,000 | $1,625,000 | -15.8% | 0.9% |
SUN AMERICAN MORTGAGE COMPANY | $770,000 | $1,550,000 | 101.3% | 0.8% |
Mr. Cooper ( Nationstar Mortgage ) | $2,950,000 | $1,335,000 | -54.7% | 0.7% |
USAA Federal Savings Bank | $480,000 | $1,330,000 | 177.1% | 0.7% |
CALIBER HOME LOANS, INC. | $320,000 | $1,240,000 | 287.5% | 0.7% |
Carrington Mortgage Services, LLC | $1,190,000 | $1,170,000 | -1.7% | 0.6% |
LENDINGONE, LLC | $1,095,000 | n/a | 0.6% | |
Washington Federal Bank | $1,605,000 | $1,035,000 | -35.5% | 0.6% |
HOME POINT FINANCIAL CORPORATION | $775,000 | $1,030,000 | 32.9% | 0.6% |
CMG MORTGAGE, INC. | $1,015,000 | n/a | 0.5% | |
Northpointe Bank | $905,000 | n/a | 0.5% | |
JPMorgan Chase Bank | $1,960,000 | $900,000 | -54.1% | 0.5% |
HUGHES FEDERAL CREDIT UNION | $405,000 | $810,000 | 100.0% | 0.4% |
Amerifirst Financial, Inc. | $1,440,000 | $755,000 | -47.6% | 0.4% |
DESERT FINANCIAL FEDERAL CREDIT UNION | $25,000 | $755,000 | 2,920.0% | 0.4% |
21ST MORTGAGE CORPORATION | $1,015,000 | $750,000 | -26.1% | 0.4% |
BROKER SOLUTIONS, INC. | $1,700,000 | $695,000 | -59.1% | 0.4% |
INTERLINC MORTGAGE SERVICES, LLC | $690,000 | n/a | 0.4% | |
Nations Lending Corporation | $85,000 | $645,000 | 658.8% | 0.3% |
Sunflower Bank | $645,000 | n/a | 0.3% | |
NAVY FEDERAL CREDIT UNION | $800,000 | $630,000 | -21.3% | 0.3% |
The Federal Savings Bank | $1,490,000 | $620,000 | -58.4% | 0.3% |
ACADEMY MORTGAGE CORPORATION | $325,000 | $615,000 | 89.2% | 0.3% |
AMERISAVE MORTGAGE CORPORATION | $1,760,000 | $580,000 | -67.0% | 0.3% |
CITY FIRST MORTGAGE SERVICES, L.L.C. | $560,000 | n/a | 0.3% | |
MORIA DEVELOPMENT, INC. | $430,000 | $550,000 | 27.9% | 0.3% |
MOVEMENT MORTGAGE, LLC | $225,000 | $550,000 | 144.4% | 0.3% |
U.S. Bank | $945,000 | $520,000 | -45.0% | 0.3% |
PRIMELENDING, A PLAINSCAPITAL COMPANY | $695,000 | $505,000 | -27.3% | 0.3% |
HOMEOWNERS FINANCIAL GROUP USA, LLC | $520,000 | $500,000 | -3.8% | 0.3% |
LAKEVIEW LOAN SERVICING, LLC | $1,955,000 | $470,000 | -76.0% | 0.3% |
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP | $990,000 | $455,000 | -54.0% | 0.2% |
Waterstone Mortgage Corporation | $540,000 | $455,000 | -15.7% | 0.2% |
VANTAGE WEST | $85,000 | $440,000 | 417.6% | 0.2% |
CLEARPATH LENDING | $690,000 | $420,000 | -39.1% | 0.2% |
PREMIA MORTGAGE, LLC | $345,000 | $420,000 | 21.7% | 0.2% |
NEW DAY FINANCIAL, LLC | $445,000 | $410,000 | -7.9% | 0.2% |
SUBURBAN MORTGAGE, INC. | $385,000 | n/a | 0.2% | |
American Southwest Credit Union | $375,000 | n/a | 0.2% | |
KeyBank | $660,000 | $365,000 | -44.7% | 0.2% |
AMERICAN HERITAGE LENDING, INC. | $360,000 | n/a | 0.2% | |
CROSSCOUNTRY MORTGAGE, LLC | $1,030,000 | $355,000 | -65.5% | 0.2% |
TRISTAR FINANCE, INC. | $355,000 | n/a | 0.2% | |
CREDIT UNION MORTGAGE ASSOCIATION, INC. | $345,000 | n/a | 0.2% | |
DEEPHAVEN MORTGAGE LLC | $345,000 | n/a | 0.2% | |
GENEVA FINANCIAL, LLC | $825,000 | $345,000 | -58.2% | 0.2% |
MUTUAL OF OMAHA MORTGAGE, INC. | $305,000 | $330,000 | 8.2% | 0.2% |
RESIDENTIAL BANCORP. | $315,000 | n/a | 0.2% | |
GUARANTEED RATE AFFINITY, LLC | $850,000 | $305,000 | -64.1% | 0.2% |
Wallick & Volk, Inc. | $390,000 | $305,000 | -21.8% | 0.2% |
Plains Commerce Bank | $145,000 | $290,000 | 100.0% | 0.2% |
GUARANTEED RATE, INC. | $285,000 | n/a | 0.2% | |
Magnolia Bank | $285,000 | n/a | 0.2% | |
Sierra Pacific Mortgage Company, Inc. | $285,000 | n/a | 0.2% | |
MORTGAGE SOLUTIONS OF COLORADO, LLC | $275,000 | n/a | 0.1% | |
PACIFIC RESIDENTIAL MORTGAGE, LLC | $275,000 | n/a | 0.1% | |
TRUWEST Credit Union | $275,000 | n/a | 0.1% | |
NETWORK CAPITAL FUNDING CORPORATION | $260,000 | n/a | 0.1% | |
Bell Bank | $255,000 | n/a | 0.1% | |
INTERCAP LENDING INC. | $365,000 | $245,000 | -32.9% | 0.1% |
BETTER MORTGAGE CORPORATION | $445,000 | $240,000 | -46.1% | 0.1% |
Discover Bank | $200,000 | $235,000 | 17.5% | 0.1% |
ENVOY MORTGAGE, LTD | $235,000 | n/a | 0.1% | |
NexBank | $215,000 | n/a | 0.1% | |
Hometown Lenders, Inc. | $205,000 | n/a | 0.1% | |
PENTAGON FEDERAL CREDIT UNION | $205,000 | n/a | 0.1% | |
SOFI LENDING CORP. | $205,000 | n/a | 0.1% | |
AMERICAN FINANCING CORPORATION | $850,000 | $195,000 | -77.1% | 0.1% |
Loan Simple, Inc. | $195,000 | $195,000 | 0.0% | 0.1% |
M&T Bank | $450,000 | $195,000 | -56.7% | 0.1% |
NBKC BANK | $225,000 | $195,000 | -13.3% | 0.1% |
ARIZONA CENTRAL | $375,000 | $185,000 | -50.7% | 0.1% |
ATHAS CAPITAL GROUP, INC. | $185,000 | n/a | 0.1% | |
FIRST COLONY MORTGAGE CORPORATION | $185,000 | n/a | 0.1% | |
VELOCITY COMMERCIAL CAPITAL, LLC | $185,000 | n/a | 0.1% | |
MOUNTAIN AMERICA | $190,000 | $180,000 | -5.3% | 0.1% |
Texana Bank | $175,000 | n/a | 0.1% | |
ROYAL UNITED MORTGAGE LLC | $75,000 | $170,000 | 126.7% | 0.1% |
Flagstar Bank, FSB | $585,000 | $165,000 | -71.8% | 0.1% |
Gateway First Bank | $165,000 | n/a | 0.1% | |
REVERSE MORTGAGE FUNDING LLC | $160,000 | n/a | 0.1% | |
DEFINE MORTGAGE SOLUTIONS, LLC | $375,000 | $155,000 | -58.7% | 0.1% |
Ally Bank | $275,000 | $145,000 | -47.3% | 0.1% |
AMERICAN ADVISORS GROUP | $160,000 | $135,000 | -15.6% | 0.1% |
First Guaranty Mortgage Corporation | $405,000 | $135,000 | -66.7% | 0.1% |
TOP FLITE FINANCIAL, INC. | $135,000 | n/a | 0.1% | |
Paramount Residential Mortgage Group, Inc. | $495,000 | $115,000 | -76.8% | 0.1% |
HighTechLending Inc | $105,000 | n/a | 0.1% | |
AMERICA FIRST | $85,000 | n/a | 0.0% | |
FINANCE OF AMERICA REVERSE LLC | $85,000 | n/a | 0.0% | |
KINECTA | $85,000 | n/a | 0.0% | |
NATIONS RELIABLE LENDING, LLC | $85,000 | n/a | 0.0% | |
INTELLILOAN, INC. | $75,000 | n/a | 0.0% | |
SPRING EQ, LLC | $55,000 | n/a | 0.0% | |
Canyon State Credit Union | $45,000 | n/a | 0.0% | |
BMO Harris Bank | $35,000 | n/a | 0.0% | |
ARIZONA | $55,000 | $15,000 | -72.7% | 0.0% |
Safford's top lender by overall market share is MANN FINANCIAL INC., with 13.0% market share. In second place, with 11.2%, is FAIRWAY INDEPENDENT MORTGAGE CORPORATION, having originated $20,880,000 in loans. In third place, with 9.6%, is OneAZ Credit Union, having originated $17,890,000 in loans. In fourth place, with 6.8%, is QUICKEN LOANS, LLC, having originated $12,660,000 in loans. In fifth place, with 5.1%, is SUNSTREET MORTGAGE, LLC, having originated $9,565,000 in loans.
Safford, AZ Market Loan Reason
Loan Purpose | Originations | Total Value | Average Loan |
---|---|---|---|
Home Purchase | 420 | $101,810,000 | $242,405 |
Cash Out Refi | 267 | $56,465,000 | $211,479 |
Refi | 89 | $21,025,000 | $236,236 |
Home Improvement | 47 | $3,645,000 | $77,553 |
Other | 34 | $2,800,000 | $82,353 |
Safford's most frequently cited loan purpose was Home Purchase, with 420 originations. The 2nd most popular reason was Cash Out Refi, with 267 originations.
Interest Rate Frequencies
Loan Rate | Originations | Total Value | Average Loan |
---|---|---|---|
5-6% | 217 | $47,285,000 | $217,903 |
4-5% | 197 | $45,425,000 | $230,584 |
3-4% | 192 | $43,070,000 | $224,323 |
6-7% | 126 | $26,150,000 | $207,540 |
2.5-3% | 61 | $9,935,000 | $162,869 |
7-8% | 27 | $5,135,000 | $190,185 |
<2.5% | 26 | $3,730,000 | $143,462 |
Over 8% | 8 | $750,000 | $93,750 |
During 2022, Safford's most frequently originated rate bucket was 5-6%, with 217 originations.
Loan Sizing (Safford, AZ MSA)
Loan Size | Originations | Total Value | Average Loan |
---|---|---|---|
$200k-400k | 412 | $113,260,000 | $274,903 |
$100k-200k | 296 | $45,720,000 | $154,459 |
$100,000 or less | 118 | $7,090,000 | $60,085 |
$400k-600k | 27 | $11,805,000 | $437,222 |
$Over $1MM | 3 | $6,965,000 | $2,321,667 |
$600k-1000k | 1 | $905,000 | $905,000 |
Safford's loan sizing saw the bucket of loans from $200k-400k with 412 originations, totaling $113,260,000 in origination value.
LTV Distribution
Loan to Value | Originations | Total Value | Average Loan |
---|---|---|---|
80-100% | 383 | $96,705,000 | $252,493 |
60-80% | 243 | $55,235,000 | $227,305 |
40-60% | 96 | $16,150,000 | $168,229 |
Under 20% | 55 | $2,275,000 | $41,364 |
20-40% | 54 | $5,260,000 | $97,407 |
Over 100% | 14 | $4,660,000 | $332,857 |
Safford's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 383 originations, totaling $96,705,000 in origination value.