Phoenix FHA Loan Rates, Closing Costs & Stats

PHOENIX-MESA-CHANDLER, AZ

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    Phoenix's 254 lenders originated 21,306 FHA loans during 2024. The total origination value was $7,919,550,000, with an average FHA loan value of $371,705.

    Phoenix FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Phoenix averaged 6.42% for the week of 2025-07-18, compared to the national average (all FHA variants) of 6.527% for the same period.

    Phoenix's average FHA mortgage closing costs are $9,961.

    The average rate for the prior week (2025-07-11) was 6.61% and one month ago for the week of 2025-06-13, the average rate was 6.37%.

    The average rate one year ago was 6.43%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.51%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    Phoenix FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Phoenix level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 2,913 6.00% $15,341
    QUICKEN LOANS, LLC 1,079 6.08% $14,718
    DHI MORTGAGE COMPANY, LTD. 1,016 5.14% $11,088
    LOANDEPOT.COM, LLC 904 5.62% $14,126
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 783 6.48% $15,047
    VELOCIO MORTGAGE L.L.C. 693 4.86% $15,845
    EAGLE HOME MORTGAGE, LLC 648 4.80% $13,135
    NFM, INC. 545 5.06% $15,607
    CROSSCOUNTRY MORTGAGE, LLC 536 6.44% $13,636
    NOVA FINANCIAL & INVESTMENT CORPORATION 444 6.44% $9,374
    FREEDOM MORTGAGE CORPORATION 394 6.28% $14,382
    KBHS HOME LOANS, LLC 368 5.51% $14,151
    V.I.P. MORTGAGE, INC. 356 6.24% $16,192
    GUILD MORTGAGE COMPANY 351 6.56% $16,255
    HOMEAMERICAN MORTGAGE CORPORATION 348 5.18% $8,028
    INSPIRE HOME LOANS INC. 341 5.19% $11,874
    Paramount Residential Mortgage Group, Inc. 322 6.26% $14,256
    South Pacific Financial Corporation 296 5.58% $12,946
    GENEVA FINANCIAL, LLC 295 6.69% $17,282
    PENNYMAC LOAN SERVICES, LLC 276 5.94% $13,384
    PULTE MORTGAGE LLC 265 5.00% $7,702
    Equity Prime Mortgage LLC 246 7.18% $16,864
    SECURITYNATIONAL MORTGAGE COMPANY 243 6.77% $17,402
    Plains Commerce Bank 240 6.28% $14,926
    BROKER SOLUTIONS, INC. 228 6.40% $16,009
    NEWREZ LLC 185 6.11% $13,167
    HOMEOWNERS FINANCIAL GROUP USA, LLC 175 6.24% $18,621
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 170 4.91% $16,693
    SUN WEST MORTGAGE COMPANY, INC. 169 6.23% $16,016
    CMG MORTGAGE, INC. 149 6.25% $15,852
    AMERICAN FINANCIAL NETWORK, INC. 148 6.92% $17,287
    AMERICAN PACIFIC MORTGAGE CORPORATION 138 6.73% $17,224
    Flagstar Bank, FSB 126 6.05% $12,794
    ZILLOW HOME LOANS, LLC 120 6.09% $15,359
    MATTAMY HOME FUNDING, LLC 118 5.62% $13,408
    MID AMERICA MORTGAGE, INC. 113 6.51% $9,415
    MOVEMENT MORTGAGE, LLC 111 6.30% $16,091
    LAKEVIEW LOAN SERVICING, LLC 111 6.28% $9,223
    Mr. Cooper ( Nationstar Mortgage ) 104 6.37% $14,651
    GUARANTEED RATE, INC. 102 6.26% $14,676
    PRIMELENDING, A PLAINSCAPITAL COMPANY 101 6.40% $15,397
    Waterstone Mortgage Corporation 95 6.13% $17,557
    MORIA DEVELOPMENT, INC. 95 6.41% $15,389
    LOANPAL, LLC 81 5.62% $15,034
    The Loan Store, Inc. 77 6.21% $14,523
    MUTUAL OF OMAHA MORTGAGE, INC. 76 6.14% $18,511
    Nations Lending Corporation 74 6.38% $11,996
    NEW WEST LENDING, INC. 71 6.22% $14,043
    BROOKHOLLOW MORTGAGE SERVICES, LTD 69 5.31% $16,725
    PLAZA HOME MORTGAGE, INC. 68 6.26% $17,688
    Bell Bank 68 6.31% $15,083
    DIRECT MORTGAGE LOANS, LLC 67 6.21% $14,537
    Century Mortgage Company DBA Century Lending Company 64 6.34% $14,365
    HOMESIDE FINANCIAL, LLC 62 6.14% $16,387
    VILLAGE CAPITAL MORTGAGE 60 6.30% $8,832
    Carrington Mortgage Services, LLC 59 6.39% $15,789
    Lakeview Community Capital, LLC 57 6.19% $9,848
    NEST HOME LENDING, LLC 57 5.46% $15,845
    BAY EQUITY LLC 54 6.45% $14,155
    ALTITUDE FINANCIAL CORPORATION 51 6.21% $8,393
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 51 6.20% $15,624
    HOMEBRIDGE FINANCIAL SERVICES, INC. 47 6.10% $12,128
    OCMBC, INC. 45 6.58% $16,072
    AMERISAVE MORTGAGE CORPORATION 42 6.05% $17,507
    CARDINAL FINANCIAL 40 6.18% $15,995
    Wallick & Volk, Inc. 40 6.31% $10,670
    ON Q FINANCIAL, INC. 40 6.07% $13,824
    THE MORTGAGE LINK, INC. 40 6.78% $27,592
    STARBOARD FINANCIAL MANAGEMENT, LLC 38 6.30% $16,606
    Prosperity Home Mortgage, LLC 38 6.00% $15,293
    JPMorgan Chase Bank 38 6.11% $9,334
    CITY FIRST MORTGAGE SERVICES, L.L.C. 37 6.31% $17,026
    PACIFIC RESIDENTIAL MORTGAGE, LLC 34 6.22% $14,352
    Shea Mortgage Inc. 34 5.11% $8,660
    PLANET HOME LENDING, LLC 33 5.92% $9,381
    AMERICAN FINANCIAL RESOURCES, INC. 32 6.56% $14,352
    GARDNER FINANCIAL SERVICES, LTD. 30 6.92% $16,670
    UNION HOME MORTGAGE CORP. 29 6.33% $12,824
    DAS Acquisition Company, LLC 28 6.51% $16,154
    MICHIGAN MUTUAL, INC. 28 6.68% $14,522
    Sunflower Bank 27 6.06% $14,347
    GUARANTEED RATE AFFINITY, LLC 27 6.38% $14,037
    TOWNE MORTGAGE COMPANY 26 6.33% $15,513
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 26 6.56% $13,522
    American Mortgage & Equity Consultants, Inc. 25 6.55% $15,516
    INTELLILOAN, INC. 23 6.06% $8,533
    SUN AMERICAN MORTGAGE COMPANY 23 5.92% $11,696
    SUMMIT FUNDING, INC. 23 6.83% $17,067
    AMERICAN FINANCING CORPORATION 22 5.84% $15,282
    PHH Mortgage Corporation 22 5.79% $10,784
    CASTLE & COOKE MORTGAGE, LLC 22 6.59% $16,009
    AmeriHome Mortgage Company, LLC 21 6.50% $8,441
    Home Mortgage Alliance Corp 20 6.44% $17,133
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 19 6.26% $15,902
    BMO Harris Bank 19 5.94% $15,404
    NATIONS DIRECT MORTGAGE, LLC 19 6.20% $13,992
    CLM MORTGAGE, INC 19 5.77% $15,067
    Wells Fargo Bank 17 6.01% $16,096
    Sierra Pacific Mortgage Company, Inc. 16 6.02% $15,178
    UMB Bank 16 6.16% $13,231
    Franklin Loan Corporation 16 6.13% $16,406
    RESIDENTIAL MORTGAGE, LLC 16 6.33% $15,752
    ENVOY MORTGAGE, LTD 15 6.76% $16,400
    TBI MORTGAGE COMPANY 15 5.93% $16,809
    FBC MORTGAGE, LLC 14 6.11% $15,053
    U.S. Bank 14 6.19% $14,588
    PREMIER LENDING, INC. 14 7.08% $17,765
    NP, Inc. 14 6.30% $16,211
    Loan Simple, Inc. 14 6.56% $14,816
    NORWICH COMMERCIAL GROUP, INC. 13 6.06% $15,342
    EVERETT FINANCIAL, INC. 13 6.19% $17,240
    Cornerstone First Mortgage, Inc 12 6.50% $16,251
    UNIVERSAL LENDING CORPORATION 12 5.85% $14,205
    MOUNTAIN AMERICA 11 5.50% $13,681
    TOP FLITE FINANCIAL, INC. 11 6.80% $15,243
    VERITAS FUNDING, LLC 10 6.30% $17,191
    S1L, Inc. 10 6.28% $14,459
    ML Mortgage Corp. 10 6.51% $17,540
    PNC Bank 9 6.00% $14,699
    SOUTHWEST FUNDING, LP 9 6.51% $16,998
    LADERA LENDING, INC. 9 6.43% $13,106
    LAND HOME FINANCIAL SERVICES, INC. 9 6.69% $19,645
    AXIA FINANCIAL, LLC 9 6.71% $15,085
    CORNERSTONE HOME LENDING, INC. 9 6.68% $13,176
    CANOPY MORTGAGE, LLC 9 5.78% $15,522
    JMAC LENDING, INC. 8 6.11% $11,612
    MORTGAGE SOLUTIONS OF COLORADO, LLC 8 6.75% $16,091
    EMM LOANS LLC 8 5.92% $21,405
    FIRST COLONY MORTGAGE CORPORATION 8 6.13% $11,585
    INTERCAP LENDING INC. 8 6.19% $16,592
    HUNT MORTGAGE CORPORATION 7 6.23% $15,963
    First National Bank Texas 7 6.45% $15,296
    NBKC BANK 7 6.03% $13,757
    CALCON MUTUAL MORTGAGE LLC 7 6.46% $17,988
    Keystone Funding, Inc. 7 5.93% $15,835
    Goldwater Bank, N.A. 6 6.27% $15,135
    T2 FINANCIAL LLC 6 6.23% $14,553
    Hometown Equity Mortgage, LLC 6 6.23% $18,583
    Commerce Home Mortgage, Inc. 6 6.65% $11,692
    Mortgage Research Center, LLC 6 6.27% $9,584
    BETTER MORTGAGE CORPORATION 6 5.94% $12,151
    NETWORK CAPITAL FUNDING CORPORATION 6 5.81% $14,540
    Bank of America 6 5.94% $15,490
    RESIDENTIAL BANCORP 5 6.55% $13,689
    FirstBank 5 6.40% $12,526
    Ixonia Bank 5 6.38% $17,153
    Bank of England 5 6.33% $12,852
    M&T Bank 5 6.15% $11,319
    Pacific Lending LLC 5 7.07% $17,998
    PANORAMA MORTGAGE GROUP, LLC 5 6.70% $20,591
    RESIDENTIAL WHOLESALE MORTGAGE, INC. 5 6.10% $13,275
    ROYAL UNITED MORTGAGE LLC 5 6.63% $16,644
    Texana Bank 5 6.30% $15,961
    AHL FUNDING 5 5.95% $8,108
    Barrington Bank & Trust Company, N.A. 4 6.06% $13,237
    TruHome Solutions, LLC 4 5.91% $13,560
    NATIONWIDE MORTGAGE BANKERS, INC. 4 6.31% $16,606
    DIRECT MORTGAGE, CORP. 4 5.88% $16,254
    BECKAM FUNDING CORP. 4 7.41% $22,498
    BM Real Estate Services, Inc. 4 6.81% $14,155
    OPEN MORTGAGE, LLC 4 6.72% $20,666
    TJC Mortgage, Inc. 4 6.41% $15,257
    LIBERTY HOME MORTGAGE CORPORATION 3 7.13% $15,008
    DATA MORTGAGE, INC. 3 6.46% $10,729
    Alaska USA Federal Credit Union 3 6.17% $7,770
    The Federal Savings Bank 3 6.13% $16,477
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 3 7.46% $17,068
    Magnolia Bank 3 5.96% $17,300
    FIRST ALLIANCE HOME MORTGAGE, LLC 3 5.50% $22,175
    BELEM SERVICING LLC 3 6.71% $15,312
    First Federal Bank 3 6.13% $12,123
    Strong Home Mortgage, LLC 3 5.75% $10,627
    First Western Trust Bank 3 6.21% $13,329
    SFMC, LP 3 6.67% $16,834
    Golden Empire Mortgage, Inc. 3 6.33% $14,013
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 6.08% $16,412
    INTERLINC MORTGAGE SERVICES, LLC 3 6.25% $14,212
    CITYWIDE HOME LOANS, LLC 3 6.71% $17,254
    ONY GLO, INC. 2 6.19% $10,790
    Arvest Bank 2 6.56% $10,275
    NEXERA HOLDING LLC 2 5.88% $9,346
    ARIZONA 2 6.44% $15,667
    LENOX FINANCIAL MORTGAGE CORPORATION 2 5.75% $10,851
    LEADERONE FINANCIAL CORPORATION 2 6.25% $11,474
    OCEANSIDE MORTGAGE COMPANY 2 6.81% $5,478
    BAY-VALLEY MORTGAGE GROUP 2 5.94% $14,355
    IDEAL HOME LOANS LLC 2 5.75% $11,025
    PREMIER MORTGAGE RESOURCES, L.L.C. 2 6.00% $14,831
    GVC MORTGAGE, INC. 2 6.50% $14,136
    FIRST MORTGAGE COMPANY, INC. 2 5.81% $13,889
    ALLIED MORTGAGE GROUP, INC. 2 6.38% $12,197
    City Lending Inc. 2 8.00% $20,149
    DIRECTORS MORTGAGE, INC. 2 7.06% $10,336
    CLIFFCO, INC. 2 7.00% $17,638
    MK LENDING CORP. 2 6.69% $13,580
    Watermark Capital, Inc. 2 5.88% $18,810
    AMERITRUST MORTGAGE CORPORATION 1 5.88% $12,191
    HighTechLending Inc 1 5.75% $15,096
    PRIORITY HOME LENDING, LLC 1 5.99% $12,695
    HIGHLANDS RESIDENTIAL MORTGAGE, LTD. 1 7.00% $10,946
    MORTGAGEONE, INC. 1 5.25% $19,628
    GSF Mortgage Corporation 1 8.63% $11,299
    RELIANCE FIRST CAPITAL, LLC 1 6.13% $27,533
    Paramount Bank 1 6.25% $14,092
    GEO-CORP, INC. 1 7.38% $20,048
    WESTERN VISTA 1 5.63% $8,942
    Willamette Valley Bank 1 5.88% $16,731
    Gateway First Bank 1 5.99% $20,926
    SCENIC OAKS FUNDING, INC. 1 6.13% $10,921
    SECURITY HOME MORTGAGE, LLC. 1 6.25% $16,488
    Florida Capital Bank 1 5.75% $8,798
    COMMUNITY MORTGAGE FUNDING, LLC 1 5.50% $29,147
    CHURCHILL MORTGAGE CORPORATION 1 7.25% $9,760
    JET DIRECT FUNDING CORP 1 6.75% $23,431
    SIRVA MORTGAGE, INC. 1 7.25% $8,190
    AMERICA FIRST 1 7.00% $5,939
    First State Bank of St. Charles, Missouri 1 5.75% $10,608
    MLB RESIDENTIAL LENDING, LLC 1 6.75% $8,903
    Zions Bank 1 4.88% $21,922
    Boeing Employees Credit Union 1 5.88% $13,791
    FIRST COMMUNITY MORTGAGE, INC. 1 5.99% $16,448
    Old National Bank 1 5.63% $11,066
    Fifth Third Bank 1 6.88% $14,782
    Evolve Bank & Trust 1 6.25% $12,190
    OAKTREE FUNDING CORP. 1 6.38% $22,945
    Academy Bank 1 6.63% $10,010
    AmRes Corporation 1 6.63% $17,281
    Credence Funding Corporation 1 5.75% $6,596
    MidFirst Bank 1 6.13% $15,093
    The Union Bank Company 1 5.75% $10,770
    NMSI, INC. 1 6.25% $13,593
    Encompass Lending Group, LP 1 6.13% $14,087
    East Coast Capital Corp. 1 7.25% $24,327
    NEW WAVE LENDING GROUP INC 1 6.50% $21,113
    NEW DAY FINANCIAL, LLC 1 7.87% $2,956
    MOUNTAIN WEST FINANCIAL, INC. 1 6.25% $15,012
    Alerus Financial 1 6.50% $8,900
    1st Security Bank of Washington 1 6.25% $14,324
    University Bank 1 5.75% $16,008
    LOANLEADERS OF AMERICA, INC. 1 5.99% $23,485
    US MORTGAGE CORPORATION 1 6.63% $10,807
    NATIONS RELIABLE LENDING, LLC 1 5.75% $27,305
    MY MOVE MORTGAGE, LLC 1 6.50% $11,142
    MASON MCDUFFIE MORTGAGE CORPORATION 1 6.75% $7,178
    PENTAGON FEDERAL CREDIT UNION 1 6.13% $11,252
    Performance Financial, Inc. 1 6.25% $26,282
    Ameris Bank 1 6.13% $17,547
    BOKF 1 6.50% $14,989
    INFINITY EQUITY GROUP, INC. 1 7.75% $13,046
    ALAMEDA MORTGAGE CORPORATION 1 7.25% $19,601
    PLUS RELOCATION MORTGAGE, LLC 1 7.25% $20,515
    HomeStreet Bank 1 5.63% $21,829
    Home State Bank 1 6.25% $11,116
    VISION ONE MORTGAGE, INC. 1 7.25% $19,404

    The top Phoenix FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 2,913 FHA loans originated. Their average total fees are $15,341, which is $623 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee Phoenix FHA lenders (with over 10 loans originated) are PULTE MORTGAGE LLC ($7,702), HOMEAMERICAN MORTGAGE CORPORATION ($8,028), ALTITUDE FINANCIAL CORPORATION ($8,393), AmeriHome Mortgage Company, LLC ($8,441) and INTELLILOAN, INC. ($8,533).

    The lowest rate Phoenix FHA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC (4.80%), VELOCIO MORTGAGE L.L.C. (4.86%), K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. (4.91%), PULTE MORTGAGE LLC (5.00%) and NFM, INC. (5.06%).

    Phoenix FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    PHOENIX-MESA-CHANDLER, AZ MARICOPA 2022 $441,600 $565,300 $683,350 $849,250
    PHOENIX-MESA-CHANDLER, AZ PINAL 2022 $441,600 $565,300 $683,350 $849,250
    PHOENIX-MESA-CHANDLER, AZ MARICOPA 2023 $530,150 $678,700 $820,350 $1,019,550
    PHOENIX-MESA-CHANDLER, AZ PINAL 2023 $530,150 $678,700 $820,350 $1,019,550

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).