Arizona USDA Loan Rates, Closing Costs & Stats

Arizona

  • JUMP TO:
  • Trends
  • Rates vs Fees
  • Top Lenders
  • Markets

    • 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 -0.23% for the week of 2023-06-02, compared to the national average (all USDA variants) of 0% for the same period.

    Arizona's average USDA mortgage closing costs are $5,486.

    The average rate for the prior week (2023-05-26) was 6.01% and one month ago for the week of 2023-04-28, the average rate was 6.19%.

    The average rate one year ago was 4.55%.

    For refis of the same type during the week of 2023-06-02, the average rate was -1.18%.

    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 2022 Avg. 30yFix Rate 2022 Avg. Closing Costs
    SUNSTREET MORTGAGE, LLC 55 4.23% $6,284
    NOVA FINANCIAL & INVESTMENT CORPORATION 44 4.81% $6,022
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 44 4.91% $8,276
    SUN AMERICAN MORTGAGE COMPANY 36 4.87% $7,079
    GUILD MORTGAGE COMPANY 31 4.59% $7,937
    UNITED WHOLESALE MORTGAGE, LLC 30 4.87% $8,971
    ALTITUDE FINANCIAL CORPORATION 29 4.92% $4,221
    Neighborhood Loans, Inc. 29 4.78% $8,858
    AMERICAN PACIFIC MORTGAGE CORPORATION 21 5.53% $9,559
    DHI MORTGAGE COMPANY, LTD. 19 4.11% $7,467
    Hometown Lenders, Inc. 19 4.13% $7,739
    GENEVA FINANCIAL, LLC 19 4.57% $8,407
    HOME POINT FINANCIAL CORPORATION 18 4.65% $7,941
    MANN FINANCIAL INC. 18 4.65% $8,649
    INSPIRE HOME LOANS INC. 17 5.26% $8,368
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 14 5.01% $8,092
    V.I.P. MORTGAGE, INC. 10 4.95% $8,718
    LOANDEPOT.COM, LLC 10 4.35% $8,395
    CROSSCOUNTRY MORTGAGE, LLC 10 5.42% $8,497
    AXIA FINANCIAL, LLC 8 5.06% $7,506
    BAY EQUITY LLC 8 4.37% $10,374
    Paramount Residential Mortgage Group, Inc. 7 4.82% $6,610
    PRIMELENDING, A PLAINSCAPITAL COMPANY 7 5.14% $9,544
    ACADEMY MORTGAGE CORPORATION 6 4.92% $9,625
    CARDINAL FINANCIAL 6 4.81% $8,664
    Lend Smart Mortgage, LLC 6 3.83% $5,396
    PENNYMAC LOAN SERVICES, LLC 6 3.03% $6,599
    Wallick & Volk, Inc. 5 3.68% $7,727
    CMG MORTGAGE, INC. 5 3.92% $7,563
    Amerifirst Financial, Inc. 5 5.05% $7,488
    Flagstar Bank, FSB 5 4.61% $8,603
    UNION HOME MORTGAGE CORP. 5 4.98% $7,396
    Sierra Pacific Mortgage Company, Inc. 4 5.44% $9,271
    Loan Simple, Inc. 4 4.09% $9,476
    CALIBER HOME LOANS, INC. 3 3.96% $9,295
    Plains Commerce Bank 3 5.96% $6,073
    KBHS HOME LOANS, LLC 3 3.88% $12,005
    CITYWIDE HOME LOANS, LLC 3 5.00% $8,778
    LHM FINANCIAL CORPORATION 2 4.56% $7,523
    STARBOARD FINANCIAL MANAGEMENT, LLC 2 4.50% $9,891
    SECURITYNATIONAL MORTGAGE COMPANY 2 5.13% $10,269
    Prosperity Home Mortgage, LLC 2 3.81% $7,124
    VILLAGE CAPITAL MORTGAGE 2 2.50% $8,262
    PANORAMA MORTGAGE GROUP, LLC 2 4.06% $6,775
    CALCON MUTUAL MORTGAGE LLC 2 4.94% $8,285
    CORNERSTONE HOME LENDING, INC. 2 4.50% $7,650
    FIRST COLONY MORTGAGE CORPORATION 2 4.00% $6,860
    MOVEMENT MORTGAGE, LLC 2 4.38% $9,745
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 2 5.13% $11,125
    HOMEOWNERS FINANCIAL GROUP USA, LLC 2 4.44% $8,986
    Glacier Bank 2 6.06% $8,797
    GUARANTEED RATE, INC. 2 4.44% $8,045
    ON Q FINANCIAL, INC. 2 3.50% $14,519
    Waterstone Mortgage Corporation 2 3.31% $6,708
    Gateway First Bank 1 4.63% $5,754
    Goldwater Bank, N.A. 1 3.25% $5,595
    GoPrime Mortgage, Inc. 1 3.25% $10,951
    GUARANTEED RATE AFFINITY, LLC 1 5.25% $10,006
    HOMEAMERICAN MORTGAGE CORPORATION 1 3.13% $7,991
    First American Bank 1 3.25% $5,269
    FINANCE OF AMERICA MORTGAGE LLC 1 5.63% $7,861
    MORIA DEVELOPMENT, INC. 1 4.75% $13,637
    Nations Lending Corporation 1 3.00% $3,835
    NATIONS RELIABLE LENDING, LLC 1 4.00% $10,128
    Century Mortgage Company DBA Century Lending Company 1 4.38% $11,779
    Carrington Mortgage Services, LLC 1 4.63% $4,920
    Wells Fargo Bank 1 5.63% $7,124
    Bell Bank 1 6.00% $8,482
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 1 5.63% $8,617
    THRIVE MORTGAGE, LLC 1 5.63% $8,170
    TOP FLITE FINANCIAL, INC. 1 3.50% $9,837
    AMERICAN FINANCIAL RESOURCES, INC. 1 4.50% $5,869
    AMCAP MORTGAGE, LTD. 1 4.00% $11,233
    First Option Mortgage, LLC 1 5.50% $9,110

    The top Arizona USDA lender as defined by loan originations is SUNSTREET MORTGAGE, LLC, with 55 USDA loans originated. Their average total fees are $6,284, which is $262 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 ($4,221), NOVA FINANCIAL & INVESTMENT CORPORATION ($6,022), SUNSTREET MORTGAGE, LLC ($6,284), SUN AMERICAN MORTGAGE COMPANY ($7,079) and DHI MORTGAGE COMPANY, LTD. ($7,467).

    The lowest rate Arizona USDA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. (4.11%), Hometown Lenders, Inc. (4.13%), SUNSTREET MORTGAGE, LLC (4.23%), LOANDEPOT.COM, LLC (4.35%) and GENEVA FINANCIAL, LLC (4.57%).