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
-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%).