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9 best mortgage lenders in Arizona

Looking to call Arizona home? Here are our top 9 lender picks for the Copper State.

If you’re looking to settle in sunny Arizona, you’re in good company. Arizona is home to over seven million people and currently has the fastest-growing homeownership rate in the US, jumping to 71.7% from 64% in 2020 — over four points higher than the national average.

The median house price in Arizona is $303,230, according to Zillow, with a projected growth rate of 11.5% in 2021. If you dream of buying a home in Arizona, our top nine mortgage lenders can help get you there.

What are the best mortgage lenders in Arizona?

How we picked the best lenders

We handpicked these recommendations from more than 200 mortgage companies originating home loans in Arizona. These top nine picks made our list after we looked at interest rates, first-time homebuyer assistance, credit score eligibility, customer service and technology. We also researched customer reviews from consumer rating sites like Trustpilot, Zillow and the Better Business Bureau (BBB) to guide our decisions. To learn about our lender selection process, please see Finder’s rating methodology.

Best online experience

Better

See rates
on Better's secure site

Are you after a fast loan application so you can move quickly? If so, Better’s digital mortgage process can help. Unlike traditional lenders, Better links directly to your financial accounts, providing you with a preapproval decision in minutes.

When you’re house hunting in an active market like Arizona, having a loan approval ready can help show sellers you’re serious. So, if you’re comfortable with a digital application and want a faster lending experience, Better could be the perfect solution.

Best marketplace

LendingTree

See rates
on LendingTree's secure site

Not sure which Arizona lender is best? Enter LendingTree. LendingTree is a 100% free third-party service that gives you tailored recommendations from its database of 1,500 partnered lenders so you can compare and choose.

All that’s required is to provide LendingTree with some basic personal data and your homebuying plans, and the service will find the best matching loans for your situation. One advantage of using LendingTree is that lenders know they’re competing with each other and may offer you better rates.

Rocket Mortgage

See rates
on Rocket Mortgage's secure site

Founded in 2016, Rocket Mortgage is a fully online mortgage company owned by Quicken Loans. What makes Rocket Mortgage popular is its ability to walk you through the entire loan process without requiring you to work with a loan officer, unless you want to.

Using the Rocket Mortgage interface, you can apply for a loan, check your application status and receive updates through the Rocket Mortgage app. Rocket Loans can verify your assets and credit digitally to help speed up the loan application process.

Best rates

North American Savings Bank

Based in Kansas City, Missouri, North American Savings Bank offers low-rate online mortgage loans nationally and in Arizona. The bank's goals are twofold: to take care of their customers’ needs and deliver competitive products.

NASB is one of the leading national mortgage lenders in the US, offering conventional, VA, FHA, Jumbo and IRA residential real estate loans. If you’re looking for a lender with low rates and online convenience, North American Savings Bank may be an ideal partner.

Best for first-time homebuyers

Freedom Mortgage

Founded in 1990, Freedom Mortgage’s mission is to foster homeownership in America. The company specializes in helping borrowers buy a home or refinance regardless of their circumstances and is particularly focused on helping military members achieve the goal of homeownership.

In addition to offering some of the lowest FHA rates, Freedom Mortgage offers a Close On Time Guarantee. If the company doesn’t close your loan when promised, it will pay you the lesser of $1,000 or your first mortgage payment.

Best for customer service

Synergy One Lending

If you want a company that puts customers first, look no further than Synergy One Lending. The company has a 4.9/5 rating on both Zillow and Google reviews, with customers reporting being extremely happy with the level of service and professionalism.

The company’s goal is to combine the best of human expertise with digital mortgage technology to create a Modern Mortgage Experience. You can either apply online or use Synergy One Lending’s S1 Connect app to get started.

Best for refinancing

Navy Federal Credit Union

If you or a family member has a military service history, Navy Federal could be a good option for your refinancing needs. The credit union offers a wide range of refinance mortgage loans that can enable you to obtain a better interest rate, remove PMI with less than 20% down or get cash out for other needs. And unlike many lenders, the Navy Federal Credit Union website makes it easy to view current rates so you can compare different options at a glance.

Best for a wide range of credit scores

Mr. Cooper

Is your credit history holding you back? Mr. Cooper may be able to help. The lender offers a standard range of first-time homebuyer mortgage options and is willing to work with borrowers with lower credit scores. While the company isn’t known for its customer service, it may be a reasonable choice if a lower credit score is making it difficult for you to get a mortgage in Arizona.

Best regional lender

Pima Federal Credit Union

Would you prefer a regional lender in Arizona? Since 1951, Pima Federal Credit Union has been serving the Greater Tucson community as a nonprofit cooperative. The credit union has nine branches in Pima and Apache counties with over 60,000 members.

To become a member, you must work for one of the businesses in the credit union’s employer group list. With so many businesses listed, chances are good you’ll qualify for membership if you’re an employee in Pima or Apache county.

How do I choose the best lender for me?

With so many options available, finding the right mortgage lender in Arizona may feel daunting. Fortunately, it’s possible to narrow down the choices by thinking about what’s significant to you. While interest rates are important, a lender’s customer service, reputation and helpfulness are equally valuable to consider.

Here’s how to narrow your search:

  • Read online reviews. Online reviews are a rich source of information when comparing lenders. Negative reviews can pinpoint problems before you become a customer.
  • Interview your lender. Just like hiring an employee, take the time to interview your lender. Key questions to ask include:
      • How long will the process take?
      • Can the mortgage application be done online?
      • Who will be my contact person if I need help?
      • Do you intend to sell my loan after closing?
      • Can I get a free rate lock?
  • Be ready to negotiate. As a borrower, you have the right to ask for a lower rate or costs. Getting preapprovals from multiple lenders can help you negotiate.
  • Weigh all the factors. While interest rates are important, it’s also relevant to consider fees, down payment and PMI — as these costs all factor into the cost of your loan.

Compare mortgage lenders

Compare top brands by home loan type, state availability and credit score. Select See rates to provide the lender with basic property and financial details for personalized rates.

Name Product Loan products offered State availability Min. credit score
Rocket Mortgage
(NMLS #3030)
Rocket Mortgage
Conventional, Jumbo, FHA, VA, Refinance
Available in all states
620
Streamline your mortgage from quote to final payment — all from your computer or phone.
AmeriSave
(NMLS #1168)
AmeriSave
Conventional, Jumbo, FHA, VA, USDA, Refinance
Not available in: NY
620
Great customer reviews and customized rate quotes in three minutes with no SSN needed.
Veterans United
(NMLS #1907)
Veterans United
Conventional, FHA, VA, USDA, Jumbo, Refinance
Available in all states
620
Veterans United stands out from other lenders for its focus on serving the military community.
Better
(NMLS #330511)
Better
Conventional, Jumbo, FHA, Refinance
Not available in: HI, MA, MN, NV, NH, VT, VA
620
Online preapproval in minutes and no origination fees with this direct lender.
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Compare up to 4 providers

Average rates and fees in Arizona

As of December 30, 2020, the benchmark 30-year fixed mortgage rate in the US is 2.850%. According to data from the Consumer Financial Protection Bureau (CFPB), most Arizona lenders are offering interest rates around 2.750%, with rates ranging anywhere from 2.000% to 4.125% as of this writing.

Additionally, average mortgage closing costs in Arizona are approximately 1.21% to 1.82% of the final home sale price based on data from ClosingCorp. Research mortgage rates in Arizona or view Arizona closing costs for more details on what you can expect to pay.

What about brokers?

Besides LendingTree, these top nine Arizona lenders are companies that underwrite mortgage loans directly. If you don’t have the time to research these lenders yourself, you can also work with a mortgage broker who can find a loan for you on commission.

While it’s standard practice for mortgage brokers to charge an origination fee equal to 1% to 2% of your loan’s value, some may charge unnecessary fees. Be sure to talk to different mortgage brokers, ask what they charge, read their online reviews to make sure it’s someone you can trust.

Bottom line

When it comes to finding a great loan, everyone is unique. Whether you’re a first-time homebuyer or retiree, there are numerous types of mortgages designed to fit your specific needs. While we believe these nine Arizona lenders will work for many borrowers, you may want to compare more lenders to find the perfect match.

Home loans ratings

★★★★★ — Excellent

★★★★★ — Good

★★★★★ — Average

★★★★★ — Subpar

★★★★★ — Poor

We analyze top home loan providers and rate them one to five stars based on factors that are most important to you. These factors include: rates and fees, product selection and borrower experience.

Read the full methodology of how we rate home loan providers.

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