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Updated
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.
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
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.
Loan types | Conventional, Jumbo, FHA, Refinance |
---|---|
Minimum credit score | Refinance: 680
All other loans: 620 |
Minimum down payment | 3% |
States available | Not available in: HI, MA, MN, NV, NH, VT, VA |
Fees | Better doesn’t charge origination fees, but you may be charged other third-party fees including appraisal, title services, recording changes and more. |
Best marketplace
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.
Loan types | Conventional, Jumbo, FHA, VA, USDA, Home Equity, HELOC, Reverse, Refinance |
---|---|
Minimum credit score | Conventional: 620
FHA: 500 VA: 620 USDA: 640 Jumbo: 800 |
Minimum down payment | 3% |
States available | Available in all states |
Fees | While not listed, expect to pay about 2% to 5% of your home’s total price in fees, including application, origination and third-party fees. |
Most popular
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.
Loan types | Conventional, Jumbo, FHA, VA, Refinance |
---|---|
Minimum credit score | Conventional: 620
FHA: 580 VA: 620 Jumbo: 700 |
Minimum down payment | 3% |
States available | Available in all states |
Fees | Rocket Mortgage charges a one-time “good faith deposit” on its home loans, payable by credit or debit card. A $400 to $750 fee covers your credit report, a home appraisal and loan processing fees.
Your deposit is refundable after you close your loan with Rocket Mortgage. It’s subtracted from your closing costs, so you pay less overall for your mortgage. While not listed, expect to pay about 2% to 5% of your home’s total price in fees, including origination, application and third-party fees. 0.5%–1% origination fee. |
Best rates
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.
Loan types | Conventional, Refinance, Jumbo, FHA, VA, Home Equity/HELOC |
---|---|
Minimum credit score | Conventional: 620 or higher
FHA: 560 or higher VA: 620 or higher |
Minimum down payment | 3% |
States available | Available in all states |
Fees | While not listed, you’ll pay anywhere from 2% to 5% of your home’s total price in fees, including origination, application and third-party fees. |
Best for first-time homebuyers
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.
Loan types | Conventional, Jumbo, FHA, VA, USDA, Refinance |
---|---|
Minimum credit score | Conventional: 620
FHA: 540 VA: 580 USDA: 640 |
Minimum down payment | 3% |
States available | Available in all states |
Fees | While not listed, expect to pay about 2% to 5% of your home’s total price in fees, including origination, application and third-party fees. |
Best for customer service
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.
Loan types | Conventional, Jumbo, FHA, VA, USDA, Reverse, Refinance |
---|---|
Minimum credit score | 620 |
Minimum down payment | 3% |
States available | AL, AR, AZ, CA, CO, DC, DE, FL, GA, IA, ID, IL, IN, KS, KY, LA, MA, MD, MI, MN, MO, MS, MT, NE, NM, OH, OK, OR, SC, SD, TN, TX, UT, WA, WI, WY |
Fees | While not listed, expect to pay about 2% to 5% of your home’s total price in fees, including application, origination and third-party fees. |
Best for refinancing
Loan types | Conventional, Jumbo, FHA, VA, HELOC, Refinance |
---|---|
Minimum credit score | Conventional: 620
Other loans: 580 or higher, depending on the loan type |
Minimum down payment | 0% |
States available | Available in all states |
Fees | No underwriting, document, or application fees, but "Choice" line of loans can require a 1% origination fee and 1.75% funding fees (can be waived by agreeing to pay 0.25% more on the interest rate.) |
Best for a wide range of credit scores
Loan types | Conventional, Jumbo, FHA, VA, Home Equity, Refinance |
---|---|
Minimum credit score | Conventional: 620 |
Minimum down payment | 3% |
States available | Available in all states |
Fees | Expect to pay about 2% to 5% of your home’s total price in fees, including application, origination and third-party fees. |
Best regional lender
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.
Loan types | Conventional, Jumbo, FHA, VA, Home Equity/HELOC, Refinance |
---|---|
Minimum credit score | Conventional: 620
Jumbo: 740 |
Minimum down payment | 3% |
States available | Only available in: AZ |
Fees | As of December 2020, you’ll pay a $475 application fee and a $250 processing fee, plus any applicable third-party fees. |
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:
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.
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.
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.
★★★★★ — 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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