9 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.

Last updated on January 28, 2021
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NerdWallet
NerdWallet
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  • 50+ mortgage lenders reviewed and rated by our team of experts.
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NerdWallet's mortgage content, including articles, reviews and recommendations, is produced by a team of writers and editors who specialize in home lending. Their work has appeared in The Associated Press, USA Today, The Washington Post, MarketWatch, Newsweek and many other national, regional and local publications. They have been cited in publications including The Wall Street Journal, and appeared on NerdWallet's "Smart Money" podcast as well as local TV and radio.

9 Best Arizona Mortgage Lenders of 2021

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Lender
NerdWallet Rating
Min. credit score
Min. down payment
Learn more
New American Funding

New American Funding: NMLS#6606

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at New American Funding
at New American Funding
Home loans overall
Best for low credit

580

3%

Learn more
at New American Funding
at New American Funding
Guaranteed Rate

Guaranteed Rate: NMLS#2611

Learn more
at Guaranteed Rate
at Guaranteed Rate
5.0
/5
Home loans overall
Best for online lenders

620

3%

Learn more
at Guaranteed Rate
at Guaranteed Rate
Rocket Mortgage, LLC

Rocket Mortgage, LLC: NMLS#3030

Learn more
at Rocket Mortgage, LLC
at Rocket Mortgage, LLC
4.0
/5
Home loans overall
Best for online lenders

620

1%

Learn more
at Rocket Mortgage, LLC
at Rocket Mortgage, LLC
Bank of America

Bank of America: NMLS#399802

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on NerdWallet
4.5
/5
Refinancing
Best for refinancing

620

N/A

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on NerdWallet
Chase

Chase: NMLS#399798

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on NerdWallet
3.5
/5
Home loans overall
Best for face-to-face service

620

3%

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on NerdWallet
loanDepot

loanDepot: NMLS#174457

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on NerdWallet
4.5
/5
Refinancing
Best for refinancing

620

5%

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on NerdWallet
Citibank

Citibank: NMLS#412915

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on NerdWallet
4.0
/5
Home loans overall
Best for first-time home buyers

N/A

3%

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on NerdWallet
Carrington

Carrington: NMLS#2600

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on NerdWallet
3.5
/5
Home loans overall
Best for low credit

620

5%

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on NerdWallet
US Bank

US Bank: NMLS#402761

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on NerdWallet
4.0
/5
Home loans overall
Best for face-to-face service

620

5%

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on NerdWallet
New American Funding
Learn more
at New American Funding
at New American Funding
New American Funding

New American Funding: NMLS#6606

4.0
Home loans overall
NerdWallet rating
Min. credit score

580

Min. down payment

3%

Why We Like ItGood for: first-time home buyers, military members and self-employed or underrepresented borrowers.
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.
  • Has a program to enable buyers to make cash offers.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
Cons
  • Mortgage origination fees tend to be on the high end.
  • Personalized mortgage rates are not available on the website without providing contact information.
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Guaranteed Rate
Learn more
at Guaranteed Rate
at Guaranteed Rate
Guaranteed Rate

Guaranteed Rate: NMLS#2611

5.0
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

3%

Why We Like ItGood for: borrowers seeking a broad menu of loans, including jumbo and interest-only options, renovation loans and government-backed mortgages, as well as home equity lines of credit.
Pros
  • Offers a one-day mortgage approval process.
  • Offers a generous selection of loans, including government-backed, interest-only, ITIN, jumbo and renovation loans.
  • Advertises a HELOC that can be funded in as few as five business days.
Cons
  • Origination fees are higher than average, according to the latest federal data.
  • HELOC has a relatively short draw period, which may not provide flexibility for someone who wants the option of accessing home equity over a longer period.
Rocket Mortgage, LLC
Learn more
at Rocket Mortgage, LLC
at Rocket Mortgage, LLC
Rocket Mortgage, LLC

Rocket Mortgage, LLC: NMLS#3030

4.0
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

1%

Why We Like ItGood for: FHA borrowers and others short on down payment cash, as well as home buyers who value convenience over low fees.
Pros
  • Streamlined online process with document and asset retrieval capabilities, as well as the ability to edit your preapproval letter.
  • Offers the option to work with loan officers by phone if desired.
  • Largest FHA lender in the nation.
Cons
  • Getting a customized interest rate requires a credit check, which can affect your credit score.
  • Origination fees are on the high side compared with other lenders, according to the latest federal data.
  • Doesn't offer home equity lines of credit.
Bank of America
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on NerdWallet
Bank of America

Bank of America: NMLS#399802

4.5
Min. credit score

620

National / regional

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.
Chase
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on NerdWallet
Chase

Chase: NMLS#399798

3.5
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

3%

Why We Like ItGood for: conventional borrowers and those interested in loans with low down payment requirements.
Pros
  • Offers two proprietary loans with low down payment requirements.
  • Provides customizable sample rates.
  • Receives high marks for customer satisfaction, according to JD Power and Zillow.
Cons
  • Borrowers must apply for prequalification before accessing a full online application.
  • Origination fees are higher than average, according to the latest federal data.
  • Borrowers may be frustrated with the lender’s website experience.
loanDepot
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on NerdWallet
loanDepot

loanDepot: NMLS#174457

4.5
Min. credit score

620

National / regional

National

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.
Citibank
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on NerdWallet
Citibank

Citibank: NMLS#412915

4.0
Home loans overall
NerdWallet rating
National / regional

National

Min. down payment

3%

Why We Like ItGood for: Rates-focused borrowers who are Citi customers, or home buyers seeking down payment assistance.
Pros
  • Average interest rates are among the lowest compared to other lenders’, according to the latest federal data.
  • Receives high marks for customer satisfaction, according to J.D. Power and Zillow.
  • Borrowers with existing Citi accounts may receive discounts.
Cons
  • Customized mortgage rates are not available without contacting the lender.
  • HELOCs and home equity loans are not currently available.
  • No live chat feature on the lender’s site.
Carrington
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on NerdWallet
Carrington

Carrington: NMLS#2600

3.5
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

5%

Why We Like ItGood for: credit-challenged borrowers interested in government loan products or borrowers with nontraditional credit histories.
Pros
  • Offers multiple low-down-payment loans.
  • Accepts history of bankruptcy, foreclosure and late payments with flexible loan program.
  • Considers borrowers with low credit scores and high debt-to-income ratios.
Cons
  • Fined $5.25 million for misleading customers about pandemic-era payment relief.
  • Doesn't offer home equity lines of credit.
  • Lender fees are on the high side, according to the latest federal data.
US Bank
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on NerdWallet
US Bank

US Bank: NMLS#402761

4.0
Home loans overall
NerdWallet rating
Min. credit score

620

Min. down payment

5%

Why We Like ItGood for: borrowers who are financing home improvement projects.
Pros
  • Offers a range of loan types, including FHA loans, VA loans and home equity options.
  • Lists sample mortgage rates and APRs for many of its products online, including a breakdown of estimated monthly payments.
  • Their mobile app is highly rated in the App Store.
Cons
  • Sample mortgage rates are not customizable, and many estimated conventional and jumbo rates assume a down payment of at least 25%.
  • We were unable to contact a representative by phone.
  • Lender site does not have a live chat feature.

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Last updated on January 28, 2021

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.

To recap our selections...

NerdWallet's Best Arizona Mortgage Lenders of 2021

  • New American Funding: Best for low credit
  • Guaranteed Rate: Best for online lenders
  • Rocket Mortgage, LLC: Best for online lenders
  • Bank of America: Best for refinancing
  • Chase: Best for face-to-face service
  • loanDepot: Best for refinancing
  • Citibank: Best for first-time home buyers
  • Carrington: Best for low credit
  • US Bank: Best for face-to-face service
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