Arizona USDA Loan Rates, Closing Costs & Stats
Arizona
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
6.18%
for the week of 2023-01-27, compared to the national average (all USDA variants) of
6.195% for the same period.
Arizona's average USDA mortgage closing costs are $5,237.
The average rate for the prior week (2023-01-20) was
6.47% and
one month ago for the week of 2022-12-23, the
average rate was 6.2%.
The average rate one year ago was 4.05%.
For refis of the same type during the week of 2023-01-27, the average rate
was 5.88%.
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 |
2021 Avg. 30yFix Rate |
2021 Avg. Closing Costs |
SUNSTREET MORTGAGE, LLC
|
191
|
2.98%
|
$4,805
|
NOVA FINANCIAL & INVESTMENT CORPORATION
|
166
|
2.92%
|
$4,238
|
SUN AMERICAN MORTGAGE COMPANY
|
96
|
2.91%
|
$5,861
|
GUILD MORTGAGE COMPANY
|
83
|
2.99%
|
$6,290
|
Neighborhood Loans, Inc.
|
74
|
3.20%
|
$6,671
|
DHI MORTGAGE COMPANY, LTD.
|
64
|
2.78%
|
$5,946
|
LOANDEPOT.COM, LLC
|
47
|
3.26%
|
$7,356
|
MANN FINANCIAL INC.
|
46
|
3.02%
|
$7,931
|
FAIRWAY INDEPENDENT MORTGAGE CORPORATION
|
45
|
3.09%
|
$7,065
|
Hometown Lenders, Inc.
|
40
|
3.01%
|
$6,352
|
GENEVA FINANCIAL, LLC
|
34
|
2.86%
|
$6,005
|
Lend Smart Mortgage, LLC
|
28
|
2.97%
|
$6,374
|
BAY EQUITY LLC
|
27
|
3.11%
|
$7,072
|
ALTITUDE FINANCIAL CORPORATION
|
22
|
2.88%
|
$3,484
|
RESIDENTIAL WHOLESALE MORTGAGE, INC.
|
22
|
2.91%
|
$5,479
|
V.I.P. MORTGAGE, INC.
|
21
|
2.85%
|
$5,638
|
Amerifirst Financial, Inc.
|
20
|
2.81%
|
$5,001
|
Loan Simple, Inc.
|
17
|
2.91%
|
$6,914
|
PENNYMAC LOAN SERVICES, LLC
|
16
|
2.91%
|
$5,113
|
INSPIRE HOME LOANS INC.
|
16
|
3.25%
|
$6,691
|
PANORAMA MORTGAGE GROUP, LLC
|
15
|
3.09%
|
$6,620
|
PRIMELENDING, A PLAINSCAPITAL COMPANY
|
14
|
3.04%
|
$8,710
|
AXIA FINANCIAL, LLC
|
14
|
2.70%
|
$6,531
|
UNITED WHOLESALE MORTGAGE, LLC
|
14
|
2.83%
|
$7,015
|
Wallick & Volk, Inc.
|
13
|
2.92%
|
$5,634
|
CITYWIDE HOME LOANS, LLC
|
13
|
3.38%
|
$6,936
|
Paramount Residential Mortgage Group, Inc.
|
12
|
2.80%
|
$6,411
|
CALIBER HOME LOANS, INC.
|
11
|
2.96%
|
$5,583
|
ACADEMY MORTGAGE CORPORATION
|
11
|
3.11%
|
$7,498
|
LHM FINANCIAL CORPORATION
|
11
|
2.84%
|
$6,515
|
HOME POINT FINANCIAL CORPORATION
|
11
|
2.81%
|
$6,132
|
STARBOARD FINANCIAL MANAGEMENT, LLC
|
11
|
3.08%
|
$6,598
|
FINANCE OF AMERICA MORTGAGE LLC
|
10
|
3.20%
|
$7,025
|
AMERICAN PACIFIC MORTGAGE CORPORATION
|
9
|
2.86%
|
$6,776
|
GUARANTEED RATE, INC.
|
9
|
2.68%
|
$6,197
|
HOMEAMERICAN MORTGAGE CORPORATION
|
8
|
2.61%
|
$3,451
|
UNION HOME MORTGAGE CORP.
|
8
|
2.55%
|
$5,204
|
CMG MORTGAGE, INC.
|
6
|
2.98%
|
$7,076
|
Prosperity Home Mortgage, LLC
|
6
|
2.81%
|
$5,713
|
Carrington Mortgage Services, LLC
|
6
|
3.58%
|
$6,001
|
MICHIGAN MUTUAL, INC.
|
5
|
3.05%
|
$3,671
|
AMERICAN FINANCIAL NETWORK, INC.
|
5
|
3.08%
|
$8,659
|
SECURITYNATIONAL MORTGAGE COMPANY
|
5
|
2.63%
|
$6,855
|
RESIDENTIAL BANCORP.
|
5
|
3.25%
|
$8,684
|
Flagstar Bank, FSB
|
5
|
2.87%
|
$6,486
|
BROKER SOLUTIONS, INC.
|
5
|
3.10%
|
$6,240
|
HOMEBRIDGE FINANCIAL SERVICES, INC.
|
5
|
2.78%
|
$6,536
|
HOMEOWNERS FINANCIAL GROUP USA, LLC
|
5
|
2.88%
|
$6,655
|
KBHS HOME LOANS, LLC
|
5
|
2.83%
|
$10,057
|
Colten Mortgage, LLC
|
5
|
2.98%
|
$4,402
|
LEADERONE FINANCIAL CORPORATION
|
4
|
2.84%
|
$4,049
|
First Guaranty Mortgage Corporation
|
4
|
2.84%
|
$5,863
|
CROSSCOUNTRY MORTGAGE, LLC
|
4
|
3.25%
|
$6,023
|
STEARNS LENDING, LLC
|
3
|
2.92%
|
$6,608
|
MORIA DEVELOPMENT, INC.
|
3
|
3.17%
|
$6,268
|
AMERICAN FINANCIAL RESOURCES, INC.
|
3
|
3.04%
|
$4,920
|
Bank of England
|
3
|
3.17%
|
$6,848
|
Waterstone Mortgage Corporation
|
3
|
2.50%
|
$6,904
|
LAKEVIEW LOAN SERVICING, LLC
|
3
|
2.75%
|
$3,928
|
First American Bank
|
3
|
2.54%
|
$6,457
|
Gateway First Bank
|
2
|
2.94%
|
$4,392
|
ALL WESTERN MORTGAGE, INC.
|
2
|
3.13%
|
$5,444
|
Bell Bank
|
2
|
2.81%
|
$5,760
|
CARDINAL FINANCIAL COMPANY, LIMITED PARTNERSHIP
|
2
|
3.44%
|
$9,041
|
CHURCHILL MORTGAGE CORPORATION
|
2
|
2.69%
|
$6,505
|
DAS Acquisition Company, LLC
|
2
|
3.31%
|
$8,244
|
NATIONS DIRECT MORTGAGE, LLC
|
2
|
3.50%
|
$5,738
|
Nations Lending Corporation
|
2
|
2.88%
|
$7,664
|
NATIONS RELIABLE LENDING, LLC
|
2
|
3.38%
|
$8,680
|
SUN WEST MORTGAGE COMPANY, INC.
|
2
|
2.75%
|
$3,798
|
MUTUAL OF OMAHA MORTGAGE, INC.
|
1
|
2.25%
|
$6,754
|
ON Q FINANCIAL, INC.
|
1
|
2.75%
|
$8,871
|
MOVEMENT MORTGAGE, LLC
|
1
|
3.25%
|
$7,528
|
MOUNTAIN WEST FINANCIAL, INC.
|
1
|
3.13%
|
$5,065
|
MOUNTAIN AMERICA
|
1
|
2.38%
|
$5,598
|
Plains Commerce Bank
|
1
|
3.00%
|
$6,862
|
PLAZA HOME MORTGAGE, INC.
|
1
|
3.13%
|
$6,015
|
PREMIER LENDING, INC.
|
1
|
3.13%
|
$7,628
|
PREMIER MORTGAGE RESOURCES, L.L.C.
|
1
|
3.63%
|
$5,997
|
PRIMARY RESIDENTIAL MORTGAGE, INC.
|
1
|
2.75%
|
$5,730
|
GUARANTEED RATE AFFINITY, LLC
|
1
|
3.00%
|
$7,636
|
GoPrime Mortgage, Inc.
|
1
|
2.88%
|
$7,288
|
PULTE MORTGAGE LLC
|
1
|
3.00%
|
$3,088
|
FISHER FINANCIAL GROUP, INCORPORATED
|
1
|
2.88%
|
$4,832
|
FBC MORTGAGE, LLC
|
1
|
2.75%
|
$5,476
|
ENVOY MORTGAGE, LTD
|
1
|
3.13%
|
$9,365
|
SFMC, LP
|
1
|
3.25%
|
$7,051
|
CORNERSTONE HOME LENDING, INC.
|
1
|
2.75%
|
$14,108
|
CELEBRITY HOME LOANS, LLC
|
1
|
3.25%
|
$7,041
|
SUMMIT FUNDING, INC.
|
1
|
2.88%
|
$9,264
|
CANOPY MORTGAGE, LLC
|
1
|
2.13%
|
$6,505
|
BNC National Bank
|
1
|
3.25%
|
$4,371
|
Wells Fargo Bank
|
1
|
2.63%
|
$7,343
|
TOWNE MORTGAGE COMPANY
|
1
|
2.75%
|
$7,122
|
Austin Capital Bank SSB
|
1
|
3.00%
|
$6,495
|
ARK-LA-TEX FINANCIAL SERVICES, LLC.
|
1
|
2.75%
|
$7,452
|
VAN DYK MORTGAGE CORPORATION
|
1
|
2.63%
|
$5,894
|
VILLAGE CAPITAL MORTGAGE
|
1
|
2.25%
|
$4,923
|
AMERISAVE MORTGAGE CORPORATION
|
1
|
2.75%
|
$3,614
|
AMCAP MORTGAGE, LTD.
|
1
|
3.13%
|
$9,716
|
Alaska USA Federal Credit Union
|
1
|
2.75%
|
$6,479
|
NEWREZ LLC
|
1
|
3.25%
|
$2,018
|
The top Arizona USDA lender as defined by loan originations is SUNSTREET MORTGAGE, LLC, with
191 USDA loans originated. Their average total fees are
$4,805, which is $567
higher than the next largest lender,
NOVA FINANCIAL & INVESTMENT CORPORATION.
The lowest fee Arizona USDA lenders (with over 10 loans originated) are
ALTITUDE FINANCIAL CORPORATION ($3,484), NOVA FINANCIAL & INVESTMENT CORPORATION ($4,238), SUNSTREET MORTGAGE, LLC ($4,805), Amerifirst Financial, Inc. ($5,001) and PENNYMAC LOAN SERVICES, LLC ($5,113).
The lowest rate Arizona USDA lenders (with over 10 loans originated) are
AXIA FINANCIAL, LLC (2.70%), DHI MORTGAGE COMPANY, LTD. (2.78%), Paramount Residential Mortgage Group, Inc. (2.80%), HOME POINT FINANCIAL CORPORATION (2.81%) and Amerifirst Financial, Inc. (2.81%).