Arizona USDA Loan Rates, Closing Costs & Stats

Arizona

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Arizona USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Arizona averaged 6.14% for the week of 2024-11-08, compared to the national average (all USDA variants) of 6.477% for the same period.

    Arizona's average USDA mortgage closing costs are $5,733.

    The average rate for the prior week (2024-11-01) was 6.41% and one month ago for the week of 2024-10-04, the average rate was 5.74%.

    The average rate one year ago was 7.38%.

    For refis of the same type during the week of 2024-11-08, the average rate was 6.36%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Arizona USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Arizona level.

    Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
    AMERICAN PACIFIC MORTGAGE CORPORATION 54 6.44% $9,919
    UNITED WHOLESALE MORTGAGE, LLC 53 6.03% $10,950
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 32 6.54% $11,375
    GUILD MORTGAGE COMPANY 27 6.24% $9,869
    NOVA FINANCIAL & INVESTMENT CORPORATION 27 6.31% $5,480
    CROSSCOUNTRY MORTGAGE, LLC 19 6.21% $9,522
    DHI MORTGAGE COMPANY, LTD. 18 5.28% $8,631
    ALTITUDE FINANCIAL CORPORATION 18 6.17% $4,560
    SUN AMERICAN MORTGAGE COMPANY 18 6.67% $7,225
    Paramount Residential Mortgage Group, Inc. 12 5.98% $7,351
    Flagstar Bank, FSB 12 6.63% $8,472
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 10 6.25% $8,607
    GENEVA FINANCIAL, LLC 9 6.50% $12,504
    V.I.P. MORTGAGE, INC. 9 6.41% $10,531
    Equity Prime Mortgage LLC 8 6.80% $9,159
    Neighborhood Loans, Inc. 7 6.34% $11,013
    ACADEMY MORTGAGE CORPORATION 6 6.35% $11,658
    AMERICAN FINANCIAL NETWORK, INC. 6 6.42% $9,353
    PRIMELENDING, A PLAINSCAPITAL COMPANY 6 6.60% $11,855
    MANN FINANCIAL INC. 5 6.93% $8,336
    Sierra Pacific Mortgage Company, Inc. 5 5.63% $9,681
    STARBOARD FINANCIAL MANAGEMENT, LLC 4 6.19% $7,455
    BAY EQUITY LLC 4 6.34% $8,078
    LOANDEPOT.COM, LLC 3 6.83% $12,697
    GUARANTEED RATE, INC. 3 6.04% $10,632
    INTERLINC MORTGAGE SERVICES, LLC 3 6.17% $4,877
    Plains Commerce Bank 3 6.92% $8,497
    Waterstone Mortgage Corporation 3 6.79% $8,159
    CORNERSTONE HOME LENDING, INC. 3 6.25% $6,474
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 3 6.08% $9,129
    EAGLE HOME MORTGAGE, LLC 3 4.83% $8,368
    CARDINAL FINANCIAL 3 6.08% $8,982
    GUARANTEED RATE AFFINITY, LLC 3 6.37% $7,356
    Century Mortgage Company DBA Century Lending Company 2 6.00% $9,292
    PACIFIC RESIDENTIAL MORTGAGE, LLC 2 5.88% $8,911
    Carrington Mortgage Services, LLC 2 6.56% $14,430
    AXIA FINANCIAL, LLC 2 6.19% $9,743
    NEWREZ LLC 2 5.75% $10,841
    Loan Simple, Inc. 2 5.81% $12,447
    KBHS HOME LOANS, LLC 2 5.56% $12,533
    Prosperity Home Mortgage, LLC 2 6.63% $5,603
    PRIMARY RESIDENTIAL MORTGAGE, INC. 2 6.69% $9,046
    PLAZA HOME MORTGAGE, INC. 2 6.50% $8,936
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 1 6.25% $8,891
    CMG MORTGAGE, INC. 1 5.88% $7,761
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.00% $7,397
    HOMEOWNERS FINANCIAL GROUP USA, LLC 1 5.88% $8,116
    Hometown Equity Mortgage, LLC 1 5.75% $18,099
    INSPIRE HOME LOANS INC. 1 6.63% $6,144
    MORIA DEVELOPMENT, INC. 1 6.13% $6,654
    MOVEMENT MORTGAGE, LLC 1 5.88% $15,226
    NEST HOME LENDING, LLC 1 5.75% $8,278
    ON Q FINANCIAL, INC. 1 5.99% $9,267
    PANORAMA MORTGAGE GROUP, LLC 1 7.25% $10,452
    CALCON MUTUAL MORTGAGE LLC 1 7.25% $11,640
    Bell Bank 1 6.25% $7,915
    SeaTrust Mortgage Company 1 6.88% $6,251
    SECURITYNATIONAL MORTGAGE COMPANY 1 6.63% $8,570
    UNION HOME MORTGAGE CORP. 1 6.63% $10,327
    Bank of England 1 6.25% $10,395
    VAN DYK MORTGAGE CORPORATION 1 6.75% $9,826
    VILLAGE CAPITAL MORTGAGE 1 6.00% $8,731
    Wallick & Volk, Inc. 1 5.50% $8,124

    The top Arizona USDA lender as defined by loan originations is AMERICAN PACIFIC MORTGAGE CORPORATION, with 54 USDA loans originated. Their average total fees are $9,919, which is $1,031 lower than the next largest lender, UNITED WHOLESALE MORTGAGE, LLC.

    The lowest fee Arizona USDA lenders (with over 10 loans originated) are ALTITUDE FINANCIAL CORPORATION ($4,560), NOVA FINANCIAL & INVESTMENT CORPORATION ($5,480), SUN AMERICAN MORTGAGE COMPANY ($7,225), Paramount Residential Mortgage Group, Inc. ($7,351) and Flagstar Bank, FSB ($8,472).

    The lowest rate Arizona USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (5.28%), Paramount Residential Mortgage Group, Inc. (5.98%), UNITED WHOLESALE MORTGAGE, LLC (6.03%), ALTITUDE FINANCIAL CORPORATION (6.17%) and CROSSCOUNTRY MORTGAGE, LLC (6.21%).