Arizona Mortgage Lenders and Rates (AZ)

Finding a mortgage loan in Arizona tougher than you thought? Tired of WebPages that don’t help you find what you are looking for? That is why is here. Whether you are looking for lenders, Mortgage Rates, or Mortgage Brokers – we’ve got it. Plus when you fill out a custom mortgage quote form from, you will get offers from 2-4 different lenders competing for your business. That means you will get the best rate based on your current situation.

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Featured Mortgage Lenders in Arizona

Arizona Mortgage Quick Facts

Arizona State Population: 5,743,834*
Median Arizona Home Price: $121,300*
House Ownership Rate in Arizona : 68%*

Arizona Mortgage Types

ARM: ARM stands for adjustable rate mortgage, which means that the interest you pay will not be a set percentage, but will rise and fall with the market. These loans are common all around the country.

Fixed Rate Mortgage Loan: Generally, a person can choose from the following payment schedules for a Fixed Rate Mortgage Loan:

LIBOR: LIBOR stands for the London Interbank Offered Rate. This is the rate of interest at which banks borrow funds from other banks in the London wholesale (or “interbank”) money market.

You might also want to look into an Interest Only Mortgages, Cash Out Mortgages, Refinance Mortgages, Second Mortgages, Home Purchase Mortgages, Reverse Mortgages, Home Equity Loan, Home Equity Line of Credit Mortgages, and other Special Mortgages, including Debt Consolidation, Home Improvement Loans, Balloon, ARMs and FHA streamlined loans among many others that might fit for you.

How Your Credit Score Affects Your Mortgage Rate

First you need to know what your current credit score is. You should compare that against the average Arizona consumer credit score which is 661. And the national average credit score is 677. Your credit score impacts what your home mortgage rate will be. Historically home mortgage rates have varied from 5% to over 13%. Lenders create their home mortgage rates by using the Federal Discount Interest Rate (FDIR) and then increase it by using a secret formula to create their own home mortgage rate. When you apply for a home mortgage, your home mortgage rate will be determined by a whole host of factors, but your credit score is a very important factor.

AZ Mortgage State Laws

AZ Foreclosure

Arizona is mainly a title theory state, which means that the property title remains with the lender until the mortgage is paid in full.

As a result, foreclosure is mainly non-judicial.

Judicial foreclosures are permitted, however, and mortgages may serve as liens.

Trust Deeds are the most popular method because their power of sale specifications make them the quickest method of foreclosure.

Satisfaction of Mortgage

If any person refuses to record the completion of the mortgage payments within thirty days after the contract is completed, he/she shall owe fees for actual damages caused by such neglect. If, another thirty days have passed after receiving a written request from the mortgagor or current property owner, he/she shall owe $1000 in fines, and any additional fines caused by neglect.

Arizona (AZ) Mortgage Fraud Office
White Collar Crime Supervisor
201 E. Indianola Avenue, Suite 400
Phoenix, AZ 85012-2080

Arizona Counties:

Apache County, Cochise County, Coconino County, Gila County, Graham County, Greenlee County, La Paz County, Maricopa County, Mohave County, Navajo County, Pima County, Pinal County, Santa Cruz County, Yavapai County, Yuma County

-US Census

This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.

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