Arizona Mortgage Rates

June 27, 2016 10:49 AM Eastern

Refinance rates now in PHOENIX, AZ [Change this]

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Home Price (Purchase)
When you get a mortgage to purchase a home, the lender uses the lower of the agreed-upon purchase price or the property's appraised value to determine your maximum loan amount. The loan amount divided by the property home price equals your loan-to-value ratio, or LTV. That ratio is one of the major factors that lenders use to set your mortgage rate. If your LTV exceeds 80 percent, you'll probably be required to pay mortgage insurance, which increases your monthly payment. If the property appraises for less than the agreed-on purchase price, you are not usually required to complete the purchase.
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Home Value (Refinance)
This is your estimate of the current value of your property. When you refinance, your home is almost always evaluated by a licensed appraiser. The refinance loan amount divided by the property's appraised value equals your loan-to-value ratio (LTV), and that number is one of the major factors that determine your mortgage rate. To get an accurate refinance rate quote, your home value estimate must be reasonably accurate.
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Down Payment
The down payment is the amount you pay upfront when you finance property. Your purchase price minus your down payment equals your mortgage amount. The higher your down payment, the more likely you are to be approved for a home loan. If your down payment is less than 20 percent of the purchase price, you'll probably be required to pay for mortgage insurance, which increases your monthly payment.
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Credit Score
Your credit score is a number designed to measure your credit-worthiness. It's based on a formula that combines many factors, including your payment history, amount of credit used and number of accounts. This number is used by lenders to calculate the probability that you'll default on your mortgage. Most lenders won't approve mortgages to applicants with credit scores lower than 620. Your credit score is one of the most important factors that determines your mortgage rate - applicants with higher scores are offered better mortgage rates.

30 Year Fixed

Interest Rate
3.125%
APR
3.285%
Monthly Payment
$857
KS StateBank
30 Year Fixed
Interest Rate
3.125%
APR
3.285%
Monthly Payment
$857
(866) 490-8813 Contact
KS StateBank
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $857
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $857
Lender Fees $4,000
Lender Credit $1,250
Total Closing Fees* $2,750
*Other 3rd party fees may apply
KS StateBank
Email Lender

About the Lender

Founded in 1969, KS StateBank is a family-owned community bank that lends nationally. We are FDIC insured and hold the highest of bank ratings from both Bauer Financial and Bankrate. Our mortgage division specializes in online lending and our goal is to offer the lowest interest rates and total loan cost we can. We achieve this goal by doing a high volume of loans with low overhead and we pass the savings on to our borrowers. Our bank slogan is “Solutions for YOU!” and our experienced mortgage loan specialists will guide you through the loan process to find your unique solution. They will help you realize a mortgage goal that fits with your financial goals and dreams.For more information call or email us today. You can also apply online 24/7 and one of our specialists will be in touch!
KS StateBank
Email Lender Write a Review

Lender Reviews

Top of the Line

Yes, I recommend this lender

Working with Erik and Lanette was a great experience. They took care of everything in a timely manner and were always available (late at night and early in the morning) to answer questions, lend a helping hand, clarify things and so on. We closed from long distance and they made it a breeze. And, on top of all this KS State offered the best rate. I could not be more pleased. Thank you!

By: William (Okemos, MI)

Great to work with!

Yes, I recommend this lender

The KS StateBank team was fantastic to work with. They were very responsive to questions my husband and I had regarding our home transaction.They treated us with the utmost respect - definitely made the process much less stressful. I would highly recommend them to friends and family.

By: Lisa (Lake Villa, IL)

Excellent service

Yes, I recommend this lender

Amazing experience and fantastic customer service!!! Doug Kruger and Lanette Kaster did an excellent job and we would recommend KS State Bank in a heartbeat! Thank you!

By: Adriana (Mission Viejo, CA)
See All Reviews
First Internet Bank
30 Year Fixed
Interest Rate
3.250%
APR
3.403%
Monthly Payment
$871
(855) 637-1962 Contact
First Internet Bank
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $871
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $871
Lender Fees $3,815
Lender Credit $0
Total Closing Fees* $3,815
*Other 3rd party fees may apply
First Internet Bank
Email Lender

About the Lender

At First Internet Bank, we focus on helping our customers achieve their dreams of homeownership. We know that it is more than a house to you; it is where you raise your families, make lasting memories and build financial security. And we know that your family and home is unique and special, so we treat each and every application individually.
1. Your home loan experience – better, faster, easier – Our team has helped thousands of people like you afford the home of their dreams. You can rely on our deep knowledge and experience because our loan officers are seasoned professionals. They’re not sales people; they are “skilled mortgage advisors.” We take the time to explain each step to you – forms, paper work, the home appraisal and the final closing. First IB is there for you and will guide, support and advise you every step of the way.
2. Great rates and low fees – We know that once you find that perfect home in that perfect neighborhood, you’ll need a mortgage partner to help you design the perfect payment plan. First IB consistently delivers competitive mortgage rates to home owners across the nation. And unlike some lenders, we won’t just show you “some” of the fees, we show you everything. Put us to the test!
First Internet Bank
Email Lender Write a Review

Lender Reviews

Professional and Customer Friendly Experience.

Yes, I recommend this lender

I had to write this email to let you know what a great group of people you have. It is mainly because of Max Kotterman that I selected your company which was about $1,000.00 more expensive than my second choice. In addition, the second choice company had more negative reviews about their underwriting department which sent up a red signal to me. I have learned having been in business for over 30 years that the lesser cost alternative is not always the most desirable. Max Kotterman was great as was Katie Buckley. They both went out of their way to answer my questions quickly and efficiently. If I were still in my own business, I'd hire both in a second! Tracy Uhrig and Rebecca Rayment, both of who I did not communicate much with, were also very professional and cooperative. The "Closer Notary", Danielle L. Kingsley, could not have been more professional, friendly, and organized. Start to finish was exactly 30 days. Amazing! I could not see how the experience could have been any better. Thank you for the wonderful job your "hiring" staff does. All these people should be commended for realizing how far good customer service can go. Once again ..... Great Job!

By: Barry (Sarasota, FL)

Great Service

Yes, I recommend this lender

Shelly Archer and her team were on top of the whole process. If I had a question, she answered it timely, usually the same day. The whole process was a pleasant experience and I would go through this bank again without question. Thank you, Shelly Archer and team for making this a seamless and pleasant experience.

By: Yvonne (Carson City, NV)

Great Lender

Yes, I recommend this lender

First Internet was excepitional in every facet of our refiance. Our loan officer Scott was very efficent not pushy and lived up to his word 100%. I would not hesitate to refer them to any of my family or friends, from start to finish the process was very streamlined and professional. Their best atribute was complete honesty.

By: Clifford (Carleton, MI)
See All Reviews

15 Year Fixed

Interest Rate
2.375%
APR
2.668%
Monthly Payment
$1,322
KS StateBank
15 Year Fixed
Interest Rate
2.375%
APR
2.668%
Monthly Payment
$1,322
(866) 490-8813 Contact
KS StateBank
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,322
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,322
Lender Fees $4,095
Lender Credit $1,000
Total Closing Fees* $3,095
*Other 3rd party fees may apply
KS StateBank
Email Lender

About the Lender

Founded in 1969, KS StateBank is a family-owned community bank that lends nationally. We are FDIC insured and hold the highest of bank ratings from both Bauer Financial and Bankrate. Our mortgage division specializes in online lending and our goal is to offer the lowest interest rates and total loan cost we can. We achieve this goal by doing a high volume of loans with low overhead and we pass the savings on to our borrowers. Our bank slogan is “Solutions for YOU!” and our experienced mortgage loan specialists will guide you through the loan process to find your unique solution. They will help you realize a mortgage goal that fits with your financial goals and dreams.For more information call or email us today. You can also apply online 24/7 and one of our specialists will be in touch!
KS StateBank
Email Lender Write a Review

Lender Reviews

Top of the Line

Yes, I recommend this lender

Working with Erik and Lanette was a great experience. They took care of everything in a timely manner and were always available (late at night and early in the morning) to answer questions, lend a helping hand, clarify things and so on. We closed from long distance and they made it a breeze. And, on top of all this KS State offered the best rate. I could not be more pleased. Thank you!

By: William (Okemos, MI)

Great to work with!

Yes, I recommend this lender

The KS StateBank team was fantastic to work with. They were very responsive to questions my husband and I had regarding our home transaction.They treated us with the utmost respect - definitely made the process much less stressful. I would highly recommend them to friends and family.

By: Lisa (Lake Villa, IL)

Excellent service

Yes, I recommend this lender

Amazing experience and fantastic customer service!!! Doug Kruger and Lanette Kaster did an excellent job and we would recommend KS State Bank in a heartbeat! Thank you!

By: Adriana (Mission Viejo, CA)
See All Reviews
First Internet Bank
15 Year Fixed
Interest Rate
2.500%
APR
2.785%
Monthly Payment
$1,334
(855) 637-1962 Contact
First Internet Bank
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,334
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,334
Lender Fees $3,971
Lender Credit $0
Total Closing Fees* $3,971
*Other 3rd party fees may apply
First Internet Bank
Email Lender

About the Lender

At First Internet Bank, we focus on helping our customers achieve their dreams of homeownership. We know that it is more than a house to you; it is where you raise your families, make lasting memories and build financial security. And we know that your family and home is unique and special, so we treat each and every application individually.
1. Your home loan experience – better, faster, easier – Our team has helped thousands of people like you afford the home of their dreams. You can rely on our deep knowledge and experience because our loan officers are seasoned professionals. They’re not sales people; they are “skilled mortgage advisors.” We take the time to explain each step to you – forms, paper work, the home appraisal and the final closing. First IB is there for you and will guide, support and advise you every step of the way.
2. Great rates and low fees – We know that once you find that perfect home in that perfect neighborhood, you’ll need a mortgage partner to help you design the perfect payment plan. First IB consistently delivers competitive mortgage rates to home owners across the nation. And unlike some lenders, we won’t just show you “some” of the fees, we show you everything. Put us to the test!
First Internet Bank
Email Lender Write a Review

Lender Reviews

Professional and Customer Friendly Experience.

Yes, I recommend this lender

I had to write this email to let you know what a great group of people you have. It is mainly because of Max Kotterman that I selected your company which was about $1,000.00 more expensive than my second choice. In addition, the second choice company had more negative reviews about their underwriting department which sent up a red signal to me. I have learned having been in business for over 30 years that the lesser cost alternative is not always the most desirable. Max Kotterman was great as was Katie Buckley. They both went out of their way to answer my questions quickly and efficiently. If I were still in my own business, I'd hire both in a second! Tracy Uhrig and Rebecca Rayment, both of who I did not communicate much with, were also very professional and cooperative. The "Closer Notary", Danielle L. Kingsley, could not have been more professional, friendly, and organized. Start to finish was exactly 30 days. Amazing! I could not see how the experience could have been any better. Thank you for the wonderful job your "hiring" staff does. All these people should be commended for realizing how far good customer service can go. Once again ..... Great Job!

By: Barry (Sarasota, FL)

Great Service

Yes, I recommend this lender

Shelly Archer and her team were on top of the whole process. If I had a question, she answered it timely, usually the same day. The whole process was a pleasant experience and I would go through this bank again without question. Thank you, Shelly Archer and team for making this a seamless and pleasant experience.

By: Yvonne (Carson City, NV)

Great Lender

Yes, I recommend this lender

First Internet was excepitional in every facet of our refiance. Our loan officer Scott was very efficent not pushy and lived up to his word 100%. I would not hesitate to refer them to any of my family or friends, from start to finish the process was very streamlined and professional. Their best atribute was complete honesty.

By: Clifford (Carleton, MI)
See All Reviews

5/1 ARM

Interest Rate
2.250%
APR
3.233%
Monthly Payment
$764
KS StateBank
5/1 ARM
Interest Rate
2.250%
APR
3.233%
Monthly Payment
$764
(866) 490-8813 Contact
KS StateBank
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $764
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $764
Lender Fees $4,345
Lender Credit $750
Total Closing Fees* $3,595
*Other 3rd party fees may apply
KS StateBank
Email Lender

About the Lender

Founded in 1969, KS StateBank is a family-owned community bank that lends nationally. We are FDIC insured and hold the highest of bank ratings from both Bauer Financial and Bankrate. Our mortgage division specializes in online lending and our goal is to offer the lowest interest rates and total loan cost we can. We achieve this goal by doing a high volume of loans with low overhead and we pass the savings on to our borrowers. Our bank slogan is “Solutions for YOU!” and our experienced mortgage loan specialists will guide you through the loan process to find your unique solution. They will help you realize a mortgage goal that fits with your financial goals and dreams.For more information call or email us today. You can also apply online 24/7 and one of our specialists will be in touch!
KS StateBank
Email Lender Write a Review

Lender Reviews

Top of the Line

Yes, I recommend this lender

Working with Erik and Lanette was a great experience. They took care of everything in a timely manner and were always available (late at night and early in the morning) to answer questions, lend a helping hand, clarify things and so on. We closed from long distance and they made it a breeze. And, on top of all this KS State offered the best rate. I could not be more pleased. Thank you!

By: William (Okemos, MI)

Great to work with!

Yes, I recommend this lender

The KS StateBank team was fantastic to work with. They were very responsive to questions my husband and I had regarding our home transaction.They treated us with the utmost respect - definitely made the process much less stressful. I would highly recommend them to friends and family.

By: Lisa (Lake Villa, IL)

Excellent service

Yes, I recommend this lender

Amazing experience and fantastic customer service!!! Doug Kruger and Lanette Kaster did an excellent job and we would recommend KS State Bank in a heartbeat! Thank you!

By: Adriana (Mission Viejo, CA)
See All Reviews
Mortgage rate quotes displayed on LendingTree LoanExplorer℠, including loan pricing data, rates and fees, are provided by third party data providers including, but not limited to, Mortech®, a registered trademark of Zillow®, LoanXEngine, a product of Mortgage Builder Software, Inc., and LoanTek, Inc.

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Looking at buying or refinancing an Arizona home? You're in the right place. LendingTree lenders are great sources of mortgage financing in the Grand Canyon State.

Arizona Mortgage Rates

If you currently live outside of Arizona, mortgage rates you may have seen offered in your locale might be different. The economy in each state can affect  its mortgage rates and so does competition among lenders. Each state has its own laws governing mortgage rates that lenders can offer. In Arizona lenders  are regulated by the Arizona Department of Financial Institutions.

Buying a Home in Arizona

Arizona is one state where buying a home means finding your place in the sun. Home prices have been on the rise again in Arizona since early 2012 and could continue to appreciate. Forecasts are anywhere from 5.65 percent to as much  as 10.35 percent through this year, the highest forecast for any state.

Homes are affordable in Arizona for about 80 percent of households earning the median income in their respective locales with the exception of Flagstaff  and Prescott. In Phoenix, for example, the median sales price of a home is $178,000, and 76.2 percent of  homes in that metro region are affordable for median income households.

Closing costs for buying a home in Arizona are lower than the median nationwide. Arizona’s median closing costs are $2,372, ranking it 29th  among all 50 states and Washington, D.C.

Housing assistance may be available from the following programs for those who qualify:

  • Arizona Affiliates of Habitat for Humanity  – homes built and rehabilitated by volunteer labor
  • U.S. Department of Agriculture Rural Housing  – rural assistance programs for home buyers
  • State and local community contacts  – a list of organizations that may offer homeownership assistance

FHA Mortgages in Arizona

Lending limits for Federal Housing Authority (FHA) mortgages in Arizona depend on the location of the home. High-cost areas like Flagstaff, Phoenix and  Prescott have higher limits while the rest of the state is subject to the standard limit, $271,050 for FHA-insured loans

VA Mortgage Limits

The VA doesn’t limit mortgage amounts, but it does limit the amount of the loan guarantee. Most lenders restrict loans to four times the amount of the  guarantee, which means most Arizona lenders cap VA mortgages at $417,000.