Best Mortgage Rates in Arizona
Compare current Arizona mortgage rates from top lenders. Get personalized quotes for 30-year fixed, 15-year, FHA, and VA loans.
Current Arizona Mortgage Rates
30-Year Fixed
Most Popular
15-Year Fixed
Lower Interest
5/1 ARM
Adjustable Rate
FHA Loan
Low Down Payment
VA Loan
Veterans Only
🏠 Arizona First-Time Homebuyer Programs
- Arizona Department of Housing HOME Plus Program
- Phoenix First Time Homebuyer Program
- Arizona Housing Trust Fund
Arizona Department of Housing
Arizona's official housing finance agency offers various programs for first-time homebuyers.
Visit Official Website →📊 Arizona Housing Market
Market Trends
Arizona continues to see strong population growth driving housing demand, especially in Phoenix and Tucson metros.
Calculate Your Arizona Mortgage Payment
Use our mortgage calculator to estimate your monthly payment with Arizona rates and property taxes.
Arizona Mortgage Rate FAQ
What are current mortgage rates in Arizona?
Current Arizona mortgage rates are 6.75% for a 30-year fixed loan, 6.15% for a 15-year fixed, and 6.45% for FHA loans. Rates vary by lender and individual qualifications.
How much house can I afford in Arizona?
With a median home price of $420,000, you can use our mortgage calculator to determine affordability. Generally, housing costs should not exceed 28% of your gross monthly income, including property taxes of approximately 0.66% annually.
What first-time homebuyer programs are available in Arizona?
Arizona offers several first-time homebuyer programs including the Arizona Department of Housing HOME Plus Program. These programs often provide down payment assistance, reduced interest rates, or other benefits. Contact the Arizona Department of Housing for details.
How do Arizona property taxes affect my mortgage payment?
Arizona has a property tax rate of 0.66%, which means approximately $2,772 annually on a median-priced home. Property taxes are typically included in your monthly mortgage payment through an escrow account.
Should I choose a fixed or adjustable rate mortgage in Arizona?
Fixed-rate mortgages offer payment stability, while adjustable-rate mortgages (ARMs) like the 5/1 ARM at 6.35% may offer lower initial rates. Consider your long-term plans and risk tolerance when choosing between fixed and adjustable rates.
How do I qualify for the best mortgage rates in Arizona?
To qualify for the best Arizona mortgage rates, maintain a credit score above 740, save for a down payment of 20% or more, keep your debt-to-income ratio below 36%, and shop with multiple lenders. Consider getting pre-approved to understand your rate options.
Ready to Get Your Arizona Mortgage Rate?
Compare personalized rates from 20+ lenders without affecting your credit score.
Get Personalized Rates