Phoenix USDA Loan Rates, Closing Costs & Stats

PHOENIX-MESA-CHANDLER, AZ

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    • USDA loans are zero-downpayment loans targeted towards lower-income households in rural areas. They can be made directly by the US Department of Agriculture or through a participating lender-- and they typically to borrowers with credit scores over 640. They can have subsidized rates, making them very competitive in terms of cost, but they have more stringent standards on who is eligible as well as specific covenants such as only being available in rural areas and limits on home size.

    Phoenix's 36 lenders originated 131 USDA loans during 2024. The total origination value was $37,125,000, with an average USDA loan value of $283,397.

    Phoenix USDA Loans, 30 Year Fixed Rates

    30 Year USDA mortgages in Phoenix averaged 6.24% for the week of 2025-07-18, compared to the national average (all USDA variants) of 6.472% for the same period.

    Phoenix's average USDA mortgage closing costs are $6,660.

    The average rate for the prior week (2025-07-11) was 6.22% and one month ago for the week of 2025-06-13, the average rate was 6.57%.

    The average rate one year ago was 6.32%.

    For refis of the same type during the week of 2025-07-18, the average rate was 6.34%.

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

    Phoenix USDA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for USDA 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
    VELOCIO MORTGAGE L.L.C. 18 4.08% $11,709
    GENEVA FINANCIAL, LLC 12 6.09% $14,031
    EAGLE HOME MORTGAGE, LLC 10 4.62% $8,184
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 9 6.33% $8,765
    INSPIRE HOME LOANS INC. 8 5.41% $7,374
    NOVA FINANCIAL & INVESTMENT CORPORATION 7 6.02% $5,023
    DHI MORTGAGE COMPANY, LTD. 6 4.87% $7,078
    UNITED WHOLESALE MORTGAGE, LLC 5 5.67% $8,789
    AMERICAN PACIFIC MORTGAGE CORPORATION 4 6.59% $9,226
    GUILD MORTGAGE COMPANY 4 5.81% $10,927
    LOANDEPOT.COM, LLC 4 6.63% $8,076
    NEWREZ LLC 4 5.72% $10,080
    Paramount Residential Mortgage Group, Inc. 3 6.88% $8,148
    UNION HOME MORTGAGE CORP. 3 5.71% $10,561
    Waterstone Mortgage Corporation 3 6.04% $8,158
    PLAZA HOME MORTGAGE, INC. 3 5.96% $9,106
    Equity Prime Mortgage LLC 3 6.79% $11,283
    STARBOARD FINANCIAL MANAGEMENT, LLC 2 5.88% $12,020
    Sierra Pacific Mortgage Company, Inc. 2 5.94% $8,700
    INTERLINC MORTGAGE SERVICES, LLC 2 6.31% $4,655
    KBHS HOME LOANS, LLC 2 5.56% $11,649
    V.I.P. MORTGAGE, INC. 2 6.31% $9,231
    Nations Lending Corporation 1 5.75% $5,722
    BAY EQUITY LLC 1 6.13% $14,372
    Century Mortgage Company DBA Century Lending Company 1 7.13% $5,271
    CMG MORTGAGE, INC. 1 4.99% $13,846
    GUARANTEED RATE, INC. 1 6.25% $10,582
    MICHIGAN MUTUAL, INC. 1 5.63% $3,047
    MOVEMENT MORTGAGE, LLC 1 6.75% $9,692
    ALTITUDE FINANCIAL CORPORATION 1 6.13% $2,424
    Plains Commerce Bank 1 5.88% $13,688
    PRIMARY RESIDENTIAL MORTGAGE, INC. 1 7.13% $10,600
    PRIMELENDING, A PLAINSCAPITAL COMPANY 1 7.13% $10,976
    Sunflower Bank 1 6.13% $10,739
    The Loan Store, Inc. 1 6.99% $14,053
    TOWNE MORTGAGE COMPANY 1 5.75% $12,442

    The top Phoenix USDA lender as defined by loan originations is VELOCIO MORTGAGE L.L.C., with 18 USDA loans originated. Their average total fees are $11,709, which is $2,322 lower than the next largest lender, GENEVA FINANCIAL, LLC.

    The lowest fee Phoenix USDA lenders (with over 10 loans originated) are EAGLE HOME MORTGAGE, LLC ($8,184), VELOCIO MORTGAGE L.L.C. ($11,709), GENEVA FINANCIAL, LLC ($14,031), .

    The lowest rate Phoenix USDA lenders (with over 10 loans originated) are VELOCIO MORTGAGE L.L.C. (4.08%), EAGLE HOME MORTGAGE, LLC (4.62%), GENEVA FINANCIAL, LLC (6.09%), .