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Best Arizona Department of Housing Mortgage Lenders of 2018

Oct. 24, 2018
Finding the Right Mortgage, Mortgages
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NerdWallet offers financial tools and advice to help you understand your options and make the best possible decisions. The guidance we offer and information we provide are deeply researched, objective and independent. We spent over 400 hours reviewing the top mortgage lenders before selecting the best for our readers.

A first-time home buyer in Arizona can get mortgage help courtesy of the Arizona Department of Housing, or ADOH. Arizona’s Home Plus loan program offers assistance with down payment and closing costs. In addition, borrowers can get discounts on mortgage insurance.

The program’s loans are offered through a network of participating lenders. To help you feel confident in your decision, NerdWallet compared Arizona Home Plus’ participating lenders and identified the best ones for various types of borrowers.

» MORE: Learn about Arizona first-time home buyer programs

Best ADOH mortgage lenders for an online experience

These lenders allow borrowers to conduct much of their transaction online, including on mobile devices.

4.5 NerdWallet rating
  • Willing to work with borrowers with small down payments but who otherwise are well-qualified.
  • Digital platform covers all types of borrowing scenarios.
  • Lets borrowers securely upload and use electronic signatures on loan documents.
  • Guaranteed Rate review
4.0 NerdWallet rating
  • Mobile app lets borrowers apply in under 10 minutes.
  • Documents can be uploaded via the mobile app.
  • Provides FAQs and a mortgage glossary.
  • Fairway Independent Mortgage review

Best ADOH mortgage lenders for limited credit history

Some borrowers pay their utilities, phone bills and rent on time, but their payments might not necessarily be reflected in their credit reports. These lenders can supplement loan applications with borrowers’ payment history.

4.5 NerdWallet rating
  • Considers nontraditional credit.
  • Four loan center offices in Arizona, with representatives who are familiar with state programs.
  • Offers FHA, VA and USDA loans.
  • Flagstar Bank review
churchill mortgage
3.5 NerdWallet rating
  • Uses alternative data for borrowers without a traditional credit history.
  • Annual mortgage reviews keep borrowers on track toward the goal of debt-free living.
  • Has a branch office in Phoenix.
  • Churchill Mortgage review

Best ADOH mortgage lenders for fixer-uppers

Sometimes the best available house needs to have some work done. These lenders support loan programs that pay for both purchases and renovations.

4.0 NerdWallet rating
  • Does FHA 203(k) loans that fund purchase and renovation.
  • Offers energy-efficiency mortgages.
  • NeighborhoodEdge program offsets up to $2,000 in closing costs.
  • PrimeLending review
3.5 NerdWallet rating
  • Offers FHA purchase loans for home renovations, energy efficiency upgrades and disaster repair.
  • Underwrites Fannie Mae HomeStyle mortgages to pay for renovations after purchase.
  • Minimum credit score of 550 for government-backed loans.
  • Homebridge Financial Services review

Best ADOH mortgage lenders for personalized service

Whether you prefer to communicate in Spanish or talk with the loan officer across a desk, these lenders are able to accommodate you.

4.5 NerdWallet rating
  • Employs bilingual loan officers who speak English and Spanish.
  • Uses manual underwriting to assess borrowers’ creditworthiness.
  • Six office locations in Arizona.
  • New American Funding review
4.5 NerdWallet rating
  • Borrowers can speak face-to-face with loan officers at eight branches in Arizona.
  • Low volume of customer complaints.
  • Offers a wide range of mortgage products, including FHA, VA and USDA loans.
  • LoanDepot review

Best ADOH mortgage lenders for government-backed loans

Mortgages guaranteed by the Department of Veterans Affairs and the Department of Agriculture allow qualified borrowers to buy homes with zero down payment. Loans insured by the Federal Housing Administration have a minimum down payment of 3.5%. These lenders conduct much of their business in these government-backed mortgages.

Guild Mortgage
3.5 NerdWallet rating
  • Strong in FHA and VA lending, which make up 40% of its business.
  • Targets first-time home buyers and borrowers who use state housing agencies.
  • Services the mortgages it originates to help build borrower relationships.
  • Guild Mortgage review
3.5 NerdWallet rating
  • Minimum credit score of 550 for government-backed loans.
  • About half its lending comes from FHA, VA and USDA loans.
  • Website features educational materials.
  • Homebridge Financial Services review

Best ADOH mortgage lenders: summary

Guaranteed Rate: Online experience

Fairway Independent Mortgage: Online experience

Flagstar Bank: Limited credit history

Churchill Mortgage: Limited credit history

PrimeLending: Fixer-uppers

Homebridge Financial Services: Fixer-uppers

New American Funding: Personalized service

LoanDepot: Personalized service

Guild Mortgage: Government-backed loans

Homebridge Financial Services: Government-backed loans

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