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 6.18% 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%).