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%).