Arizona mortgages and home buyers, 2025
Incomes, down payments, rates, loan costs, denials and lenders across Arizona's 15 counties, from official HMDA records.
HMDA 2025 data released June 23, 2026
In 2025, lenders reported 75,431 home-purchase mortgages for owner-occupied, single-family homes in Arizona. The median buyer borrowed $385,000 on a home valued at $445,000 and reported a household income of $113,000.
Buyers financed a median 92.2% of the home's value (roughly 7.8% down), paid a median 6.50% on 30-year fixed conventional loans and faced median conventional loan costs of $6,470.
Lenders denied 8.2% of completed home-purchase applications.
Key facts
- The median 30-year fixed conventional rate here was 13 basis points below the U.S. median (6.625%).
- Median conventional loan costs ($6,470) were 16% higher than the U.S. median ($5,570).
- FHA loans made up 27.9% of purchase mortgages, versus 21.1% nationally.
- The most common age bracket among borrowers was 25–34 (29.4% of purchase loans).
- 49.0% of purchase mortgages had a single borrower with no co-applicant.
- The most-cited reason for denial was debt-to-income ratio (41.0% of denials with a stated reason).
The 2026 conforming limit is $832,750 for a one-unit home in every Arizona county. See every Arizona county's 2026 FHA and conforming loan limits.
Arizona counties compared
Click a column to sort. Medians shown with at least 30 loans.
| County | Purchase loans | Median loan | Buyer income | Down payment | 30-yr rate | Loan costs | Denial rate | FHA limit |
|---|---|---|---|---|---|---|---|---|
| Apache County | 101 | $275,000 | $98,000 | 5.0% | 6.625% | $6,560 | 11.8% | $541,287 |
| Cochise County | 1,040 | $265,000 | $96,000 | 3.5% | 6.750% | $5,450 | 7.5% | $541,287 |
| Coconino County | 699 | $485,000 | $156,000 | 20.0% | 6.750% | $7,140 | 7.8% | $609,500 |
| Gila County | 364 | $315,000 | $105,000 | 10.0% | 6.625% | $6,200 | 8.2% | $541,287 |
| Graham County | 284 | $305,000 | $91,000 | 3.5% | 6.625% | $5,410 | 8.3% | $541,287 |
| Greenlee County | 16 | — | — | — | — | — | — | $541,287 |
| La Paz County | 28 | — | — | — | — | — | 12.5% | $541,287 |
| Maricopa County | 45,712 | $425,000 | $123,000 | 10.0% | 6.500% | $6,760 | 8.0% | $557,750 |
| Mohave County | 2,151 | $285,000 | $94,000 | 10.0% | 6.625% | $5,790 | 8.0% | $541,287 |
| Navajo County | 546 | $325,000 | $114,000 | 10.0% | 6.750% | $5,960 | 9.6% | $541,287 |
| Pima County | 10,242 | $335,000 | $99,000 | 5.0% | 6.624% | $5,800 | 7.3% | $541,287 |
| Pinal County | 9,514 | $355,000 | $99,000 | 3.5% | 6.375% | $6,040 | 9.1% | $557,750 |
| Santa Cruz County | 413 | $275,000 | $83,000 | 3.5% | 6.625% | $6,330 | 9.0% | $541,287 |
| Yavapai County | 2,231 | $385,000 | $121,000 | 20.0% | 6.625% | $6,270 | 7.0% | $541,287 |
| Yuma County | 1,960 | $295,000 | $81,000 | 3.5% | 6.750% | $5,990 | 5.7% | $541,287 |
Who bought homes in Arizona
Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.
Values are medians; "middle half" is the 25th to 75th percentile.
Loan type
What the homes were for
All first-lien, closed-end purchase mortgages, including second homes and investors.
Borrower age
Debt-to-income ratio
Monthly debts (including the new payment) as a share of income, as used in underwriting.
What borrowing cost in Arizona
Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.
| Measure | Arizona | U.S. |
|---|---|---|
| 30-year fixed rate · conventional | 6.500% | 6.625% |
| 30-year fixed rate · FHA | 5.990% | 6.250% |
| 30-year fixed rate · VA | 6.000% | 6.125% |
| 15-year fixed rate · conventional | 5.847% | 5.875% |
| Rate spread vs. APOR · conventional | +0.11 pts | +0.13 pts |
| Total loan costs · conventional | $6,470 | $5,570 |
| Total loan costs · FHA | $13,380 | $11,310 |
| Total loan costs · VA | $6,880 | $6,490 |
| Origination charges (all loan types) | $2,000 | $1,860 |
| Borrowers paying discount points | 66.6% | 51.3% |
| Points paid, when paid (% of loan) | 1.09% | 0.87% |
| Borrowers receiving lender credits | 27.4% | 33.1% |
| Adjustable-rate mortgages | 4.5% | 7.4% |
| Jumbo loans (above conforming limit) | 4.1% | 3.8% |
Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.
Approvals and denials
Arizona: 6,861 of 83,962 completed home-purchase applications were denied (8.2%).
Denial rate
| Application | Arizona | U.S. |
|---|---|---|
| Home purchase | 8.2% | 8.5% |
| Conventional | 7.2% | 7.1% |
| FHA | 10.4% | 12.5% |
| VA | 7.2% | 8.0% |
| USDA | 12.0% | 12.5% |
| Refinance | 17.3% | 17.9% |
| Cash-out refinance | 30.6% | 33.6% |
Main reason for purchase denials
First reason the lender reported.
Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.
Refinancing in Arizona
Top mortgage lenders in Arizona
| # | Lender | Loans | Share | Denial rate | 30-yr rate* | Spread* | Costs* |
|---|---|---|---|---|---|---|---|
| 1 | United Wholesale Mortgage (UWM) | 15,979 | 14.9% | 6.9% | 6.624% | +0.17 | $7,760 |
| 2 | Rocket Mortgage, LLC | 7,964 | 7.4% | 9.6% | 6.500% | +0.10 | $6,750 |
| 3 | CrossCountry Mortgage, Inc. | 3,711 | 3.5% | 2.5% | 6.875% | +0.37 | $7,480 |
| 4 | Fairway Independent Mortgage Corporation | 3,485 | 3.2% | 4.8% | 6.750% | +0.33 | $7,250 |
| 5 | loanDepot.com, LLC | 2,834 | 2.6% | 8.3% | 4.990% | −1.43 | $8,020 |
| 6 | Nova Financial & Investment Corporation | 2,692 | 2.5% | 14.9% | 6.625% | +0.19 | $3,420 |
| 7 | Lennar Mortgage, LLC | 2,439 | 2.3% | 11.7% | 4.500% | −2.04 | $6,030 |
| 8 | Guild Mortgage Company | 2,378 | 2.2% | 3.6% | 6.625% | +0.29 | $7,510 |
| 9 | DHI Mortgage Company, Ltd. | 2,300 | 2.1% | 14.8% | 4.990% | −1.43 | $4,410 |
| 10 | Freedom Mortgage Corporation | 1,996 | 1.9% | 14.3% | — | +0.09 | $7,330 |
| 11 | JPMorgan Chase Bank, N.A. | 1,961 | 1.8% | 11.6% | 6.500% | −0.05 | $4,100 |
| 12 | V.i.p. Mortgage, Inc. | 1,889 | 1.8% | 2.1% | 6.625% | +0.24 | $6,580 |
| 13 | Pennymac Loan Services, LLC | 1,885 | 1.8% | 14.6% | 6.624% | +0.16 | $6,790 |
| 14 | Taylor Morrison Home Funding, Inc. | 1,613 | 1.5% | 12.8% | 5.875% | −0.78 | $5,110 |
| 15 | Veterans United Home Loans | 1,383 | 1.3% | 6.5% | 6.500% | +0.20 | $2,640 |
| 16 | Velocio Mortgage L.L.C. | 1,323 | 1.2% | 2.9% | 4.875% | −1.57 | $8,170 |
| 17 | The Loan Store, Inc. | 1,244 | 1.2% | 5.4% | 6.625% | +0.21 | $6,430 |
| 18 | American Pacific Mortgage Corporation | 1,205 | 1.1% | 8.1% | 6.750% | +0.36 | $6,710 |
| 19 | Newrez LLC | 1,199 | 1.1% | 9.8% | 6.625% | +0.25 | $7,850 |
| 20 | CMG Mortgage, Inc. | 1,092 | 1.0% | 2.8% | 6.625% | +0.20 | $7,540 |
| 21 | Pulte Mortgage LLC | 1,086 | 1.0% | 10.3% | 5.500% | −0.84 | $170 |
| 22 | Plains Commerce Bank | 1,051 | 1.0% | 8.1% | 6.500% | +0.16 | $7,920 |
| 23 | Paramount Residential Mortgage Group, Inc. | 967 | 0.9% | 4.3% | 6.500% | +0.25 | $6,850 |
| 24 | Rate | 963 | 0.9% | 4.0% | 6.575% | +0.16 | $6,170 |
| 25 | Homeamerican Mortgage Corporation | 946 | 0.9% | 7.3% | 4.500% | −1.81 | $0 |
Largest lenders in Arizona by 2025 originations. Loans = home-purchase, refinance and cash-out originations (2025); share = share of those loans here; denial rate = home-purchase applications. *Medians for conventional home-purchase loans, shown with at least 20 loans; spread = APR minus the average prime offer rate at rate lock (percentage points); costs = total loan costs (section D).
Metro areas in Arizona
- Phoenix-Mesa-Chandler, AZ · 55,226 purchases
- Tucson, AZ · 10,242 purchases
- Prescott Valley-Prescott, AZ · 2,231 purchases
- Lake Havasu City-Kingman, AZ · 2,151 purchases
- Yuma, AZ · 1,960 purchases
- Sierra Vista-Douglas, AZ · 1,040 purchases
- Flagstaff, AZ · 699 purchases
Source: FFIEC/CFPB HMDA 2025 public LAR; FHFA and HUD 2026 loan limits. Methodology