Mortgage rates in Arizona
30-yr fixed 7.18% · Freddie Mac PMMS, week of Nov 5, 2026 · APR benchmark 7.19% (APOR for locks from Nov 9, 2026) · Last reviewed Oct 18, 2026 by the Editorial Team
Phoenix-area price growth has made Arizona one of the faster-moving Sun Belt markets.
Mortgage rates today by loan type
These are national averages. Lenders in Arizona price off the same national market, so treat them as a benchmark: your quote depends on your credit, down payment, loan size and points. The APR benchmark folds in typical points and fees, so it shows what a prime borrower's APR looks like this week.
| Loan type | Avg rate | APR benchmarkAPOR | Source · as of | What it measures |
|---|---|---|---|---|
| 30-year fixed | 7.18% | 7.19% | Freddie Mac PMMSNov 5, 2026 | Conventional purchase loans, 20% down, strong credit; weekly survey |
| 20-year fixed | 6.66% | 6.93% | Zillow (via NerdWallet)Nov 6, 2026 | Lender-quoted average; checked by hand every two weeks |
| 15-year fixed | 6.57% | 6.67% | Freddie Mac PMMSNov 5, 2026 | Conventional purchase loans, 20% down, strong credit; weekly survey |
| 10-year fixed | 6.31% | 6.82% | Zillow (via NerdWallet)Nov 6, 2026 | Lender-quoted average; checked by hand every two weeks |
| 5-year ARM | 6.73% | 6.67% | Zillow (via NerdWallet)Nov 6, 2026 | Fixed for 5 years, then adjusts; APOR = prime ARM benchmark |
| 7-year ARM | — | 6.50% | APOR, locks from Nov 9, 2026 | No free rate series; APOR benchmark only |
| 10-year ARM | — | 6.63% | APOR, locks from Nov 9, 2026 | No free rate series; APOR benchmark only |
| FHA 30-year | 6.89% | — | Optimal Blue OBMMINov 5, 2026 | Locked FHA loans, all credit profiles; daily |
| VA 30-year | 6.71% | — | Optimal Blue OBMMINov 5, 2026 | Locked VA loans; daily |
| USDA 30-year | 6.86% | — | Optimal Blue OBMMINov 5, 2026 | Locked USDA loans; daily |
| Jumbo 30-year | 7.25% | — | Optimal Blue OBMMINov 5, 2026 | Locked loans above the conforming limit; daily |
APR benchmark = FFIEC/CFPB Average Prime Offer Rate for rate locks in the week starting Nov 9, 2026 (published in advance): a prime borrower's APR including typical points and fees. It is not a quote; your APR depends on credit, down payment and the points you pay. APOR is not published for FHA, VA, USDA or jumbo loans.
Calculate your Arizona mortgage payment
The calculator starts from Arizona's median list price, 20% down, the state's 0.42% effective property tax, its median insurance premium and its average closing costs. Switch to FHA or VA, change the down payment, or pick your county to set its conforming limit. For the month-by-month split of principal and interest, open the month-by-month amortization. To see how Arizona's property tax and insurance compare with every other state, try the taxes-and-insurance payment calculator.
Arizona vs. the U.S.
Arizona's median list price is 11% above the U.S. median, so at the same 7.18% rate the principal and interest on a 20%-down loan runs $243 a month more. Five-year price growth here was the 14th-slowest of 51 jurisdictions.
| Measure | Arizona | U.S. |
|---|---|---|
| Median list priceRealtor.com, Oct 2026 | $459,900 | $415,000 |
| Principal + interest, 20% down30-yr avg 7.18% | $2,492 | $2,249 |
| Average home-purchase loanHMDA 2025 | $432,104 | $404,828 |
| Average closing costsincl. transfer taxes | $3,574 | $4,661 |
| Median conventional rate paid2025 purchase loans | 6.50% | 6.50% |
| Mortgage approval rateHMDA 2025 | 78.6% | 76.6% |
| Home values, 1 yearFHFA index, Q2 2026 | +0.9% | +3.0% |
| Home values, 5 yearsFHFA index, Q2 2026 | +36.3% | +41.3% |
What Arizona borrowers actually paid in 2025
This is the state-specific part. Federal HMDA records show the rate and costs on every Arizona home-purchase loan closed in 2025. We compare like with like: 30-year fixed, first-lien, one-unit primary homes. On conventional loans, Arizona borrowers paid right at the market benchmark at lock, the 20th-lowest of all 50 states and the District of Columbia.
| 2025 purchase loans | Median rateAZ · U.S. | Over benchmarkAZ · U.S. | Closing costsAZ · U.S. | Paid pointsshare of loans | Median downequity on refis · AZ |
|---|---|---|---|---|---|
| Conventional 30-yr fixed (conforming, 20%+ down)19,584 loans | 6.50%6.50% | +0.00+0.02 | $5,977$5,476 | 65.5%53.2% | 25% |
| Jumbo 30-yr fixed (20%+ down)1,141 loans | 6.63%6.63% | +0.09+0.00 | $10,598$10,251 | 45.1%38.4% | 20% |
| FHA 30-yr fixed18,214 loans | 5.88%6.25% | +0.10+0.42 | $13,594$11,291 | 74.0%59.3% | 3.5% |
| VA 30-yr fixed8,591 loans | 6.00%6.13% | −0.51−0.36 | $7,069$6,554 | 69.8%59.3% | 0% |
| Conventional rate-and-term refinance4,251 loans | 6.13%6.38% | −0.08−0.06 | $4,068$4,390 | 48.5%45.4% | 31.3% |
Source: 2025 HMDA loan-level records (FFIEC/CFPB), medians. "Over benchmark" = rate spread, the APR minus APOR on the lock date, which removes the effect of when each loan locked. Closing costs = total loan costs on the Closing Disclosure. HMDA has no credit scores, so these are what borrowers paid, not what you will be offered. See the lenders active in Arizona and what their borrowers paid.
Arizona's biggest conventional lenders: what their borrowers paid
The 8 largest conventional lenders in Arizona by 2025 purchase loans, out of 801 that made one. Each row is the median for that lender's comparable loans here: 30-year fixed, conforming, 20% or more down. A lower figure over the benchmark means cheaper pricing for the same week.
| Lender | 2025 loansshare in AZ | Median rate | Over benchmark | Originationmedian | Paid pointsshare · median | Median down |
|---|---|---|---|---|---|---|
| United Wholesale Mortgage | 7,03012.2% | 6.55% | +0.03 | $3,371 | 61%$2,683 | 25% |
| Rocket Mortgage | 3,3345.8% | 6.50% | −0.02 | $2,990 | 63%$2,865 | 25% |
| Fairway Independent Mortgage | 2,0563.6% | 6.75% | +0.21 | $2,923 | 69%$2,995 | 25% |
| CrossCountry Mortgage | 1,8363.2% | 6.88% | +0.27 | $3,190 | 73%$3,222 | 25% |
| Guild Mortgage | 1,3952.4% | 6.63% | +0.15 | $3,238 | 67%$3,300 | 27.8% |
| The Loan Store, Inc. | 1,3072.3% | 6.63% | +0.10 | $2,236 | 56%$1,942 | 22.9% |
| V.I.P. Mortgage, Inc. | 1,2752.2% | 6.63% | +0.13 | $1,980 | 53%$3,600 | 26.1% |
| Taylor Morrison Home Funding, Inc. | 1,2412.1% | 5.75% | −0.84 | $126 | 88%$11,999 | 22.5% |
Source: 2025 HMDA loan-level records (FFIEC/CFPB), lenders with at least 30 comparable loans in Arizona. Minimum credit scores are not shown here: conventional loans usually start at 620 (a lender floor; Fannie Mae's automated underwriting sets none), FHA 580 (500 with 10% down), VA none set by VA (lenders often 620). HMDA has no credit scores, so a lender's medians reflect its own mix of borrowers. FHA and VA lenders: Arizona lender rankings.
How rates have moved
Weekly national averages over the past 30 days to 5 years. The 30- and 15-year lines are Freddie Mac average rates; the ARM lines are the APOR APR benchmark, because no free weekly ARM rate series exists.
- Now
- 7.18%
- Nov 5, 2026
- 1 week ago
- 7.24%
- −0.06 pts
- 1 month ago
- 7.40%
- −0.22 pts
- 1 year ago
- 6.22%
- +0.96 pts
30-year fixed: Freddie Mac PMMS (rate), weekly. National series.
What a mortgage costs in Arizona
On a home at Arizona's median list price of $459,900 with 20% down, the loan works out to $367,920, or about $2,492 a month in principal and interest at the 7.18% 30-year average.
What makes Arizona different is the cost around the loan. Its 0.42% effective property-tax rate adds roughly $161 a month, and homeowners insurance — at the state's median 0.27% of home value — about $102 more, bringing the all-in estimate to $2,756. That figure is principal and interest at the 30-year average, property tax and insurance; at 20% down a conventional loan has no PMI, and HOA dues or local special assessments are not included. Your own price and down payment will move the number — work backward from your income with the price-you-can-afford calculator.
Payment at the $459,900 median list price by down payment and loan type
| Loan | Rate | Monthlyall-in | Mortgage ins. | Cash to close | Income needed28% rule · yearly |
|---|---|---|---|---|---|
| Conventional, 20% downNo PMI | 7.18%Freddie Mac 30-yr avg | $2,756P&I $2,492 | — | $95,554 | $118,000 |
| Conventional, 10% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $3,309P&I $2,804 | $241 | $49,564 | $142,000 |
| Conventional, 5% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $3,478P&I $2,960 | $255 | $26,569 | $149,000 |
| Conventional, 3% downPMI est. 0.7%/yr | 7.18%Freddie Mac 30-yr avg | $3,546P&I $3,022 | $260 | $17,371 | $152,000 |
| FHA, 3.5% down1.75% upfront MIP financed + annual MIP | 6.89%OBMMI FHA avg | $3,438P&I $2,971 | $203 | $19,671 | $147,000 |
| VA, 0% down2.15% funding fee financed; no monthly MI | 6.71%OBMMI VA avg | $3,298P&I $3,035 | — | $3,574 | $141,000 |
Monthly = principal and interest + property tax (0.42% effective) + homeowners insurance (about $102/mo — Arizona's median premium, 0.27% of home value) + mortgage insurance. HOA dues and local special assessments are not included. Cash to close = down payment + Arizona's average closing costs ($3,574). PMI is an illustrative 0.7% a year; FHA and VA figures use HUD's MIP schedule and VA's first-use funding fee. Income needed = the gross yearly income at which the monthly figure is 28% of pay, the classic housing-cost guideline. Lenders also limit your total monthly debts as a share of income, so car, student-loan and card payments raise the income you need.
Prices, loan limits and payments in Arizona's biggest counties
Home prices, and so the loan you need, vary more inside Arizona than rates do. The table covers the largest county markets. Pick a row to load it into the calculator above.
| County | Median list priceSep 2026 · yr/yr | Avg purchase loanHMDA 2025 | Conforming limitmax price at 20% down | At 20% down | Est. paymentP&I + tax + ins. | Calculator |
|---|---|---|---|---|---|---|
| Maricopa County15,780 homes for sale · Sep 2026 | $499,000-5% | $492,94355,262 loans | $832,750$1,040,937 | Conforming$399,200 loan | $2,990at 7.18% | |
| Pima County3,851 homes for sale · Sep 2026 | $372,500-3.3% | $350,34412,529 loans | $832,750$1,040,937 | Conforming$298,000 loan | $2,232at 7.18% | |
| Pinal County2,657 homes for sale · Sep 2026 | $385,000-2.5% | $350,01011,347 loans | $832,750$1,040,937 | Conforming$308,000 loan | $2,307at 7.18% | |
| Yavapai County1,814 homes for sale · Sep 2026 | $625,000-3.9% | $407,6113,619 loans | $832,750$1,040,937 | Conforming$500,000 loan | $3,745at 7.18% | |
| Mohave County1,527 homes for sale · Sep 2026 | $399,950-4% | $298,2563,606 loans | $832,750$1,040,937 | Conforming$319,960 loan | $2,396at 7.18% | |
| Navajo County844 homes for sale · Sep 2026 | $482,425-7.3% | $367,8461,114 loans | $832,750$1,040,937 | Conforming$385,940 loan | $2,891at 7.18% | |
| Coconino County765 homes for sale · Sep 2026 | $741,000+4.4% | $512,4641,467 loans | $832,750$1,040,937 | Conforming$592,800 loan | $4,440at 7.18% | |
| Yuma County687 homes for sale · Sep 2026 | $352,450+1.8% | $280,8222,590 loans | $832,750$1,040,937 | Conforming$281,960 loan | $2,112at 7.18% | |
| Cochise County519 homes for sale · Sep 2026 | $315,000-9.1% | $265,5051,367 loans | $832,750$1,040,937 | Conforming$252,000 loan | $1,887at 7.18% | |
| Gila County475 homes for sale · Sep 2026 | $499,9500% | $358,192683 loans | $832,750$1,040,937 | Conforming$399,960 loan | $2,996at 7.18% | |
| Santa Cruz County284 homes for sale · Sep 2026 | $356,250-1% | $279,376473 loans | $832,750$1,040,937 | Conforming$285,000 loan | $2,135at 7.18% | |
| Apache County204 homes for sale · Sep 2026 | $449,000-6.5% | $264,959245 loans | $832,750$1,040,937 | Conforming$359,200 loan | $2,690at 7.18% |
Sources: Realtor.com county research data (median listing price, Sep 2026); FHFA 2026 one-unit conforming limits; 2025 HMDA home-purchase originations (average loan, all loan types). Payments use the 30-year average (7.18%, or the jumbo average 7.25% above the limit), Arizona's 0.42% effective property tax and its median insurance premium (0.27% of value), both from Census ACS 2024 data; county tax rates differ. Max price at 20% down = the county limit ÷ 0.8, the highest price at which a 20%-down loan stays conforming. Homes for sale = active Realtor.com listings in the month, excluding pending sales.
What's different about buying a home in Arizona
Rates are national, but the rules around the loan are not. These Arizona specifics can change your payment, your closing or your protections as a borrower.
Taxable value can rise only 5% a year
Arizona generally taxes a home on its limited property value, which can grow no more than 5% a year and never exceeds full cash value. Because each year builds on the parcel's prior value, not the sale price, a purchase alone does not reset it; major remodels or a change in use can.
Source: azleg.govAnti-deficiency protection on homes up to 2.5 acres
Arizona generally bars a lender from suing for a shortfall after a trustee's sale of a home on 2.5 acres or less used as a one- or two-family dwelling, so losing the house usually ends the debt. For loans made after 2014, builder construction loans and homes never completed or occupied are excluded.
Source: azleg.govBoth spouses must join real estate transactions
Arizona's community property law requires both spouses to join in any transaction to acquire, dispose of or encumber an interest in real property. A spouse who is not on the loan may therefore still need to sign the deed of trust that secures it.
Source: azleg.govRural parcel buyers get a five-day rescission right
A seller of five or fewer non-subdivided parcels in an unincorporated part of an Arizona county must give the buyer a written disclosure affidavit at least seven days before transfer. It covers road access, floodplain status, water supply and septic, and the buyer may rescind within five days of receiving it.
Source: azleg.govChecked against official sources on October 18, 2026. Laws and programs change; confirm details with the agency named or a local real estate attorney.
How Arizona buyers finance their homes
FHA loans are where Arizona stands out: they made up 17.4% of home loans originated here in 2025, against 13.2% nationally — the 11th-highest FHA share of any state. Lenders, agents and appraisers here handle FHA deals routinely, which helps if that is the loan you need.
| Loan type | Share in AZ | U.S. share | Approval in AZ | Avg loan in AZ |
|---|---|---|---|---|
| Conventional | 72.4% | 78.0% | 77.2% | $375,406 |
| FHA | 17.4% | 13.2% | 81.1% | $351,171 |
| VA | 9.8% | 8.2% | 84.9% | $420,430 |
| USDA | 0.3% | 0.6% | 87.1% | $267,480 |
The average Arizona home loan in 2025 was $375,254 — 6% above the U.S. average of $352,861, the 13th-largest of 51 jurisdictions. Home purchases accounted for 63.2% of those loans (U.S. 64.2%); cash-out refinances for 18.2% (U.S. 17.1%).
Source: 2025 HMDA originations, FFIEC/CFPB. Approval = originated ÷ (originated + denied).
Arizona loan limits for 2026
All 15 of Arizona's counties use the 2026 baseline conforming limit of $832,750 for a one-unit home. Any loan above that is a jumbo loan here, which usually means a larger down payment and cash reserves. See the full national grid in our national loan limit grid.
County limits: FHFA 2026 conforming loan limit list (one-unit properties; two- to four-unit limits are higher).
Cash you'll need to close in Arizona
Average closing costs in Arizona are about $3,574 including transfer taxes (No. 25 of 51, highest first). On a home at the median list price of $459,900:
| 20% down | 3% down | |
|---|---|---|
| Down payment | $91,980 | $13,797 |
| Average closing costs | $3,574 | $3,574 |
| Cash to close (estimate) | $95,554 | $17,371 |
Prepaid taxes and insurance are extra. Closing-cost averages by state (source: Bankrate).
Transfer taxes and recording rules in Arizona
Arizona's constitution (Article IX, Section 24, added by Proposition 100 in 2008) bars new taxes on real-property transfers, so there is no transfer tax beyond a $2 fee that is built into the standard recording charge. Source: apps.azsos.gov
Getting approved in Arizona
Federal HMDA lending records show Arizona lenders originated 183,878 home loans in 2025 and denied 50,167 applications — an approval rate near 78.6% among decisioned applications, against 76.6% nationwide. See how all 50 states compare in our state-by-state approval data, and how Arizona ranks for lender complaint report (10,539 on record).
Shopping for a loan? See the most active mortgage lenders in Arizona, ranked by federal HMDA volume.
Down-payment help in Arizona
You rarely need 20% down. These are the main programs from Arizona IDA, Arizona's housing finance agency; they are offered through participating lenders, usually alongside the agency's own first mortgage.
HOME Plus
The Arizona Industrial Development Authority's statewide program pairs a first mortgage with up to 4% for the down payment and closing costs, as a second mortgage forgiven after 60 months (repayable if you sell or refinance sooner). One borrower must complete homebuyer education, and an income cap applies.
Source: homeplusaz.comArizona Is Home
A companion AzIDA program offering assistance of 4% of the first mortgage as a non-forgivable second lien repaid on sale or refinance; it is offered in every county except Maricopa and Pima.
Source: homeplusaz.comChecked against official sources on October 9, 2026. Assistance amounts, income limits and funding change during the year — confirm current terms with Arizona IDA or a participating lender.
No state MCC in Arizona, but a local issuer
The state's HOME Plus program doesn't issue MCCs itself; a Tucson nonprofit issues them statewide. Local issuers: Community Investment Corporation (CIC Tucson). MCC programs by state.
Check current terms at Arizona IDA, see how a smaller down payment changes your number with the down-payment size calculator, or compare nationwide assistance programs.
How these numbers are measured
- Freddie Mac PMMS (30- and 15-year): a weekly average of rates offered to borrowers with 20% down and strong credit, published Thursdays; latest week Nov 5, 2026. Points are not reported.
- Optimal Blue OBMMI (FHA, VA, USDA, jumbo): daily averages of rates actually locked, across credit profiles. Points vary by loan.
- APOR (APR benchmark): FFIEC/CFPB's weekly Average Prime Offer Rate, an APR that includes typical points and fees for a prime borrower. Regulators use it to flag higher-priced loans.
- HMDA 2025 (Arizona vs U.S.): rates, costs, points and down payments on loans that actually closed, reported by lenders to federal regulators. Updated once a year.
- Census ACS 2024 (property tax and insurance): what homeowners with a mortgage in Arizona reported paying — the median real-estate tax divided by the median home value, and the median insurance premium as a share of value. Updated once a year.
- Interest rate vs APR: the rate sets your payment; the APR adds points and lender fees spread over the loan. Compare APRs on Loan Estimates for the same day and loan type.
Rates and APOR refresh every week; HMDA, loan limits and closing-cost averages refresh when their publishers release new data. Reviewed by our editorial desk. Full sources and formulas: sourcing notes.
Arizona mortgage FAQ
What is a good mortgage rate in Arizona right now?
A 30-year fixed close to the national average of 7.18% (Freddie Mac, week of Nov 5, 2026) is a fair benchmark for a borrower with strong credit and 20% down. In 2025, Arizona's conventional buyers paid a median 6.50%.
Quotes well above that usually reflect lower credit, a small down payment or lender credits taken in exchange for a higher rate.
Are mortgage rates higher in Arizona than in other states?
No, if anything slightly lower, once timing and fees are counted. In 2025 HMDA records, Arizona's median conventional 30-year rate was 6.50%, against 6.50% nationally.
Against the benchmark for each loan's lock week, which counts points and fees, Arizona loans priced right at it (the 20th-lowest of all 50 states and the District of Columbia), against 0.02 above nationally.
Rates are set mainly in one national market, so your credit, down payment and loan size matter more.
What are current jumbo mortgage rates in Arizona?
The national jumbo 30-year average is 7.25% (Optimal Blue). In 2025, Arizona's jumbo buyers paid a median 6.63%. A loan is jumbo above the $832,750 conforming limit, which applies in every Arizona county.
Jumbo lenders typically want 10–20% down, a 700+ credit score and 6–12 months of reserves.
Should I choose a 15-year or 30-year mortgage?
On a $367,920 loan (20% down on Arizona's median list price), a 30-year at 7.18% costs $2,492 a month and a 15-year at 6.57% costs $3,219.
The 15-year saves about $317,823 in interest but needs $727 more a month, so it fits only if that payment is comfortable.
How much does a 1% difference in mortgage rates change my monthly payment?
On a $367,920 loan (20% down on Arizona's median list price), moving from 7.18% to 8.18% raises the principal-and-interest payment from $2,492 to $2,746, or $254 a month.
Over 30 years that is about $91,281 more in interest, which is why comparing several lenders on the same day matters.
Are mortgage rates different for purchase and refinance loans?
Yes, slightly. In 2025, Arizona's conventional rate-and-term refinances closed at a median 6.13% and purchases at 6.50%, partly because refinances bunch up when rates dip. Refinances priced 0.08 percentage points below the market benchmark; cash-out refinances usually cost more. Your own pricing depends on credit, loan-to-value and points.
How much is a $400,000 mortgage at 7.18% interest?
About $2,710 a month in principal and interest over 30 years. In Arizona, a $500,000 home with that loan adds roughly $175 a month in property tax at the 0.42% effective rate, plus homeowners insurance. Over 30 years the loan costs about $575,506 in interest.
How much income do I need to buy a home in Arizona?
About $118,000 a year for a home at the $459,900 median list price with 20% down, if the full $2,756 monthly payment, including tax and insurance, stays within 28% of gross income.
Smaller down payments add mortgage insurance and raise that figure; existing debts lower what lenders approve.
What down payment assistance is available in Arizona?
Arizona IDA, the state housing finance agency, runs HOME Plus and Arizona Is Home, offered through participating lenders. Help usually comes as a grant or a deferred or forgivable second loan paired with the agency's first mortgage.
Amounts, income limits and funding change during the year, so confirm current terms with Arizona IDA or a participating lender before you apply.
- Freddie Mac — Primary Mortgage Market Survey
- FFIEC / CFPB — Average Prime Offer Rates (APOR)
- FFIEC / CFPB — HMDA data browser (2025 loan-level records)
- Optimal Blue OBMMI via FRED (FHA, VA, USDA, jumbo)
- FHFA — 2026 conforming loan limits by county
- U.S. Census Bureau — 2024 American Community Survey microdata (property tax and homeowners insurance)
- HUD — Handbook 4000.1 (FHA mortgage insurance)
Rates shown are national weekly averages for general guidance, not an offer or personalized quote. Payment estimates assume the down payment noted plus estimated taxes and insurance. Confirm current pricing with a licensed lender.