ForTheBestRate.com is excited to bring mortgage information and research resources to home buyers and homeowners in the State of Arizona. With its amazing landscapes and natural beauty, thriving cities such as Phoenix and Tucson, and rich history crossing many cultures, Arizona is a wonderful place to live and own a home. Give one or more of the mortgage lenders, banks, or brokers listed on this site a call today to discuss your home financing needs.
Types of properties financed by the lenders and brokers in the rate tables
The majority of the mortgage companies in the rate table on this page offer residential home loan assistance for stand-alone stick built homes, condos and townhomes, and many types of modular homes. Some even finance mobile homes but the pricing that is displayed is not for manufactured homes. Rates may vary by the type of property being financed. For example, many lenders have negative pricing adjustments for condominiums and mobile homes. Pricing may also vary for other reasons such as how the borrower plans on using the property. Those looking to finance a primary residence will likely find better rates than what is available for financing second/vacation homes or investment properties. To view different fixed rate (30,20,15, and 10 year) and adjustable rate (3/1, 5/1 and 7/1 ARMs) use the product selection tool in the rate table. You can also see pricing for jumbo loans by typing in your loan amount in the relevant field. Contact the various mortgage companies directly to learn more about their rates and programs.
Where to Turn for Home Financing and Relocation Information for the State of Arizona
- Arizona Department of Financial Institutions – Resource for looking up licensees and filing a complaint with a state regulator (based in Phoenix) – 602-771-2800 – website
- Arizona Association of Mortgage Professionals (based in Peoria) – 632-792-6180 – website
- Southern Arizona Mortgage Lenders Association (in Tucson) – 520-382-8847 – website
- Arizona Department of Housing (Phoenix) – 602-771-1000 – website
- USDA Financing Information for the State of Arizona – website – USDA loans offer fixed rate, no money down financing solutions for low and middle income home buyers in rural communities.
- FHA Information from the Department of Housing and Urban Development – website – There are a variety of FHA insured loans to choose from including 30 and 15 year fixed rate mortgages, reverse mortgages for seniors over 62 years of age, 203K rehab loans for improving properties, and more. There are also FHA financing solutions for single and doublewide mobile homes on owned land.
- The State of Arizona’s Department of Revenue has put together a helpful list of online resources regarding relocating to the state – website
You can also find plenty of posts about real estate and mortgages in the State of Arizona by using the Arizona Tag on ForTheBestRate.com.
Popular Mortgage Programs Offered By Companies in the Rate Tables
- Fixed Rate Mortgages – Rates stay fixed for the lives of the loans. Most popular options are 30 and 15 year home loans but are also available in 20 and 10 year terms.
- Adjustable Rate Mortgages – These loans often have low introductory rates which remain in place for a set number of years. Most lenders offer adjustable rate mortgages with 3, 5, 7, and 10 year introductory rate periods. After the introductory rate periods end, rates then adjustable up or down based upon the loans’ margins, caps, and the indexes which the loans are tied to.
- Jumbo Loans – You can find jumbo mortgage pricing in the rate tables by typing in a corresponding loan amounts. Jumbo loans are used to finance loan amounts which exceed areas’ conforming loan limits. Many lenders offer jumbo loans in 30 and 15 year fixed rate terms as well as several adjustable rate options.
- FHA Loans – FHA mortgages are low down payment home loans which are available through lenders approved by the Federal Housing Administration. FHA pricing may not be on display in the tables at this time. You may need to contact the various mortgage companies directly to see if they’re offering FHA financing.