Best of
10 Best Arizona Mortgage Lenders of 2021
NerdWallet has researched Arizona's leading mortgage lenders and identified some of the best ones in five different categories to help you choose.
Mar 9, 2023
Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners.
If you’re looking for the best mortgage lenders in Arizona, we’ve done the research. NerdWallet compared the state’s leading lenders, then identified the best ones for a variety of specific loan needs.
Whether you’re shopping for a condo in Phoenix, a classic ranch in Flagstaff or the ideal refinance in Tucson, these lenders are a solid place to start shopping.
Best Arizona Mortgage Lenders
Lender ▾ ▾ | NerdWallet Rating ▾ ▾ | Min. credit score ▾ ▾ | National / regional ▾ ▾ | Learn more |
|---|---|---|---|---|
4.0/5 Best for refinancing | 620 | National | ||
4.5/5 Best for low credit | 620 | National | ||
4.5/5 Best for face-to-face service | 620 | National | ||
4.5/5 Best for first-time home buyers | N/A | National | ||
5.0/5 Best for online lenders | 620 | National | ||
4.0/5 Best for refinancing | 620 | National | ||
4.5/5 Best for low credit | 620 | National | Learn moreat New American Fundingat New American Funding | |
4.0/5 Best for first-time home buyers | 620 | National | Learn moreat Quicken Loansat Quicken Loans | |
4.5/5 Best for online lenders | 620 | National | Learn moreat Rocket Mortgage, LLCat Rocket Mortgage, LLC | |
4.5/5 Best for face-to-face service | 620 | National |
Why We Like ItGood for: first-time home buyers looking for low- or no-down-payment options and homeowners interested in a home equity line of credit.
Pros
- Offers down payment and closing cost assistance programs.
- May give existing customers a discount on mortgage lender origination fees and HELOC interest rates.
- Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
Cons
- Doesn't offer renovation loans that roll costs into a mortgage.
Why We Like ItGood for: first-time home buyers or credit-challenged borrowers interested in government loan products.
Pros
- Offers multiple low-down-payment loan programs.
- May consider alternative credit data, such as bank statements.
- You can view customized rates for purchasing a home and apply online.
Cons
- Doesn't offer home equity lines of credit.
- Lender fees are on the high side, according to the latest federal data.
Why We Like ItGood for: borrowers who want a wide selection of loan products, an in-person experience and comparatively low interest rates.
Pros
- Carries a wide variety of mortgage types and products, including mortgages with down payments as low as 3%.
- Offers low rates compared with other lenders, according to the latest federal data.
- Offers a customizable mortgage calculator for personalized rate and payment estimates.
- Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
Cons
- Doesn't offer home improvement loans, such as FHA 203(k) and HomeStyle.
- You have to speak with a home loan adviser to complete the application.
- Home equity lines of credit (HELOC) are currently unavailable.
Why We Like ItGood for: Buyers who want to explore low down payment mortgages, including government-backed loans and Citi’s proprietary option.
Pros
- Offers a wide variety of loan options, including low-down-payment mortgages and jumbo mortgages.
- Offers low rates compared with other lenders, according to the latest data.
- Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
Cons
- Requires help from a loan officer to complete an online mortgage application.
- Customized mortgage rates not available without making contact.
- Doesn’t offer renovation loans, or home equity loans or lines of credit.
Why We Like ItGood for: borrowers seeking a solid variety of loan types, including jumbo and interest-only options, and a totally online experience.
Pros
- Displays detailed sample rates for many of its loan products.
- Offers a wide variety of loans, including jumbo and interest-only products.
- Offers low rates compared with other lenders, according to the latest federal data.
Cons
- Doesn't offer home equity loans.
Why We Like ItGood for: borrowers who want an easy online application and a variety of loan types to explore.
Pros
- Has branches across the country for customers who prefer face-to-face service.
- Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
- Mortgage interest rates tend to be on the lower end, according to the latest federal data.
Cons
- Mortgage rates aren't available online; you'll need to contact a loan officer.
- Doesn't offer home equity loans or lines of credit.
Learn moreat New American Fundingat New American Funding
Learn moreat New American Fundingat New American Funding
Why We Like ItGood for: First-time home buyers and other borrowers looking for a broad array of loan choices.
Pros
- Offers a wide variety of purchase and refinance mortgages with an emphasis on helping underserved communities.
- Its home equity line of credit can be used for an owner-occupied or second home.
- Offers a program to enable buyers to make cash offers.
Cons
- Mortgage origination fees tend to be on the high end, according to the latest federal data.
Why We Like ItGood for: borrowers who appreciate convenience online and on the go for a fully digital home loan experience with consistently acclaimed customer service.
Pros
- Caters to self-service users who want to apply for a home loan online and talk to a human only as necessary.
- Estimates the loan amount you’ll qualify for within minutes.
- Streamlines the online process with document and asset retrieval capabilities, including the ability to edit your preapproval letter.
Cons
- Getting a customized interest rate requires a credit check, which can affect your credit score.
- Doesn't offer home equity loans or lines of credit.
- Lender fees are on the high side and the fees aren't offset by particularly low mortgage rates, according to the latest data.
Learn moreat Rocket Mortgage, LLCat Rocket Mortgage, LLC
Learn moreat Rocket Mortgage, LLCat Rocket Mortgage, LLC
Why We Like ItGood for: borrowers who appreciate a fully digital home loan experience with mortgage rates lower than other lenders’.
Pros
- Streamlined online process with document and asset retrieval capabilities, as well as the ability to edit your preapproval letter.
- Mortgage interest rates are on the low side compared to other lenders, according to the latest federal data.
- Offers the option to work with loan officers by phone if desired.
Cons
- Getting a customized interest rate requires a credit check, which can affect your credit score.
- Doesn't offer home equity lines of credit.
- Origination fees are on the high side compared with other lenders, according to the latest federal data.
Why We Like ItU.S. Bank gets high marks for its loan offerings and online customer conveniences — and has competitive fees and mortgage rates.
Pros
- Offers a full line of conventional and government loan products.
- Provides home equity loans and lines of credit.
- Allows borrowers to apply and track their loan's progress online.
Cons
- No personalized mortgage rates available online.
- Published mortgage rates assume an above-average credit score.
Last updated on March 9, 2023
Methodology
NerdWallet's star ratings for mortgage lenders are awarded based on our evaluation of the products and services each lender offers to consumers who are actively shopping for the best mortgage. The five key areas we evaluated include the variety of loan types and products offered, online conveniences, online mortgage rate information, and the rate spread and origination fee lenders reported in the latest available Home Mortgage Disclosure Act data. To ensure consistency, our ratings are reviewed by multiple people on the NerdWallet Mortgages team.
NerdWallet's Best Arizona Mortgage Lenders of 2021
- Bank of America: Best for refinancing
- Carrington: Best for low credit
- Chase: Best for face-to-face service
- Citibank: Best for first-time home buyers
- Guaranteed Rate: Best for online lenders
- loanDepot: Best for refinancing
- New American Funding: Best for low credit
- Quicken Loans: Best for first-time home buyers
- Rocket Mortgage, LLC: Best for online lenders
- US Bank: Best for face-to-face service
