Which mortgage lender in the Safford, AZ area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Safford, AZ area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.
Going by historical data, the best mortgage lender in the Safford, AZ area in terms of interest rate is OneAZ Credit Union, with an average “Rate Difference” of -0.10%. This means that, comparing similar borrowers, OneAZ Credit Union provided a -0.10% lower interest rate for its customers than other lenders in the area. OneAZ Credit Union has a market share of 15.1%. On the other hand, the most popular lender in the Safford, AZ area is Mann Mortgage, with a larger market share of 25.6%. Mann Mortgage is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.02% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Safford, AZ area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, going by historical data, the cheapest lender for Conventional mortgages in Safford, AZ is OneAZ Credit Union. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Nova Home Loans. The cheapest VA mortgage provider is Mann Mortgage. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.
* Data is compiled for the Safford, AZ commuting zone area, which comprises of counties of Graham County, AZ, and Greenlee County, AZ. This includes cities/towns/communities of Safford, AZ as well as Central, AZ, Solomon, AZ, Franklin, AZ, Swift Trail Junction, AZ, Clifton, AZ, and Peridot, AZ. Lenders must have made at least 30 loans in the area to be included. Source of the data is Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate conditional on the commuting zone, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.
