Today's Arizona (AZ) Mortgage Rates

Arizona (AZ) Mortgage Rates & Mortgage Loan Data – Prior Year

Mortgage Actions Taken

Loan originated: 1,780,645
Loan purchased by the institution: 851,544
Application denied by financial institution: 646,531
Application withdrawn by applicant: 357,242
Application approved but not accepted: 182,217
File closed for incompleteness: 111,788
Preapproval request denied by financial institution: 515
Preapproval request approved but not accepted: 55

Purpose of Loans

Refinancing: 2,085,794
Home purchase: 1,679,876
Home improvement: 164,867

Mortgage Types

Conventional: 2,839,187
FHA-insured: 795,215
VA-guaranteed: 252,080
FSA/RHS-guaranteed: 44,055

Mortage Actions by Applicant Race

White: 2,831,396
Information not provided by applicant in mail, Internet, or telephone application: 468,728
Not applicable: 391,834
Asian: 103,955
Black or African American: 80,797
American Indian or Alaska Native: 39,097
Native Hawaiian or Other Pacific Islander: 14,730

Mortage Actions by Applicant Ethnicity

Not Hispanic or Latino: 2,561,655
Hispanic or Latino: 542,141
Information not provided by applicant in mail, Internet, or telephone application: 434,001
Not applicable: 392,740

Mortage Actions by Applicant Sex

Male: 2,316,871
Female: 984,646
Not applicable: 391,815
Information not provided by applicant in mail, Internet, or telephone application: 237,205

Mortage Actions by Agency Name

Department of Housing and Urban Development: 1,468,237
Consumer Financial Protection Bureau: 849,298
Office of the Comptroller of the Currency: 757,580
Office of Thrift Supervision: 325,009
Federal Reserve System: 256,480
National Credit Union Administration: 155,686
Federal Deposit Insurance Corporation: 118,247

Mortage Actions by County

Maricopa County: 2,514,212
Pima County: 565,126
Pinal County: 256,635
Yavapai County: 136,233
Mohave County: 109,392
Yuma County: 81,179
Coconino County: 68,310
Cochise County: 62,933
Navajo County: 43,361
Gila County: 26,741
Santa Cruz County: 21,279
Unknown: 14,247
Graham County: 13,643
Apache County: 11,774
La Paz County: 4,286
Greenlee County: 1,186

Mortage Actions by City

Phoenix, Mesa, Scottsdale – AZ: 1,693,783
Phoenix, Mesa, Glendale – AZ: 1,075,408
Tucson – AZ: 564,911
Unknown: 193,664
Prescott – AZ: 136,137
Lake Havasu City, Kingman – AZ: 108,958
Yuma – AZ: 80,088
Flagstaff – AZ: 68,235
Sierra Vista, Douglas – AZ: 9,353

Mortage Denial Reasons

Unknown: 3,458,301
Collateral: 120,154
Credit history: 98,137
Debt-to-income ratio: 90,558
Other: 66,095
Credit application incomplete: 57,000
Unverifiable information: 22,320
Insufficient cash (downpayment, closing costs): 10,377
Employment history: 6,718
Mortgage insurance denied: 877

HOEPA Status of Mortage Loans

Not a HOEPA loan: 3,930,251
HOEPA loan: 286

Lien Status of Mortage Loans

Secured by a first lien: 2,892,487
Not applicable: 851,544
Secured by a subordinate lien: 155,511
Not secured by a lien: 30,995

Owner Occupancy Status of Mortage Loans

Owner-occupied as a principal dwelling: 3,378,046
Not owner-occupied as a principal dwelling: 543,824
Not applicable: 8,667

Mortgages by Property Type

One-to-four family dwelling (other than manufactured housing): 3,812,416
Manufactured housing: 114,124
Multifamily dwelling: 3,997

Mortgages by Purchaser Type

Loan was not originated or was not sold in calendar year covered by register: 1,745,979
Fannie Mae (FNMA): 598,109
Ginnie Mae (GNMA): 412,385
Freddie Mac (FHLMC): 337,692
Affiliate institution: 221,110
Commercial bank, savings bank or savings association: 213,511
Life insurance company, credit union, mortgage bank, or finance company: 191,526
Other type of purchaser: 174,680
Private securitization: 35,465
Farmer Mac (FAMC): 80