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 6.2% for the week of 2024-03-01, compared to the national average (all USDA variants) of 6.729% for the same period.

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

The average rate for the prior week (2024-02-23) was 6.35% and one month ago for the week of 2024-01-26, the average rate was 6.21%.

The average rate one year ago was 6.07%.

For refis of the same type during the week of 2024-03-01, the average rate was 5.45%.

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%).