Which mortgage lender in the Tucson, 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 Tucson, 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 Tucson, AZ area in terms of interest rate is Pima Federal Credit Union, with an average “Rate Difference” of -0.32%. This means that, comparing similar borrowers, Pima Federal Credit Union provided a -0.32% lower interest rate for its customers than other lenders in the area. Pima Federal Credit Union has a market share of 0.9%. On the other hand, the most popular lender in the Tucson, AZ area is Nova Home Loans, with a larger market share of 19.6%. Nova Home Loans is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.09% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Tucson, 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 Tucson, AZ is Pima Federal Credit Union. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is Wells Fargo Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is HomeAmerican Mortgage Corporation. The cheapest VA mortgage provider is Navy Federal Credit Union. 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.
Ranking of Mortgage Lenders in Tucson, AZ
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.09% | 13.08% | |
| Vantage West Credit Union | -0.02% | 4.05% | |
| Bank of America | -0.02% | 5.30% | |
| BBVA | -0.00% | 5.61% | |
| Prosperity Home Mortgage LLC | -0.00% | 0.93% | |
| Pima Federal Credit Union | -0.00% | 1.25% | |
| US Bank | -0.00% | 6.54% | |
| Guaranteed Rate Affinity | 0.00% | 1.87% | |
| V.I.P. Mortgage Inc | 0.01% | 6.85% | |
| Premia Relocation Mortgage | 0.01% | 0.31% | |
| Washington Federal | 0.01% | 0.62% | |
| Nova Home Loans | 0.01% | 17.45% | |
| PNC Bank | 0.02% | 1.25% | |
| Bank in San Ramon | 0.02% | 0.62% | |
| Navy Federal Credit Union | 0.02% | 1.25% | |
| Mattamy Home Funding | 0.02% | 0.31% | |
| Peoples Mortgage | 0.02% | 0.62% | |
| Fairway Independent Mortgage Corporation | 0.02% | 1.56% | |
| HomeAmerican Mortgage Corporation | 0.02% | 0.31% | |
| Sunstreet Mortgage LLC | 0.02% | 3.74% | |
| AimLoan.com | 0.02% | 0.31% | |
| JPMorgan Chase Bank | 0.02% | 11.21% | |
| Quicken Loans | 0.03% | 2.18% | |
| Movement Mortgage | 0.03% | 0.62% | |
| Zions Bank | 0.03% | 0.62% | |
| Bay Equity Home Loans | 0.03% | 0.93% | |
| Guaranteed Rate | 0.04% | 2.18% | |
| HomeServices Lending | 0.04% | 3.43% | |
| loanDepot | 0.04% | 2.80% | |
| New American Funding | 0.05% | 0.31% | |
| Guild Mortgage Company | 0.05% | 1.25% | |
| Caliber Home Loans | 0.05% | 0.62% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.10% | 16.48% | |
| Vantage West Credit Union | -0.02% | 4.95% | |
| Bank of America | -0.01% | 3.30% | |
| Pima Federal Credit Union | -0.01% | 1.10% | |
| US Bank | -0.00% | 5.49% | |
| Prosperity Home Mortgage LLC | 0.00% | 1.65% | |
| JPMorgan Chase Bank | 0.01% | 7.14% | |
| BBVA | 0.01% | 2.75% | |
| Guaranteed Rate Affinity | 0.01% | 3.30% | |
| PNC Bank | 0.01% | 1.10% | |
| Premia Relocation Mortgage | 0.01% | 0.55% | |
| Navy Federal Credit Union | 0.01% | 1.65% | |
| Washington Federal | 0.02% | 1.10% | |
| V.I.P. Mortgage Inc | 0.02% | 7.69% | |
| Fairway Independent Mortgage Corporation | 0.02% | 1.10% | |
| Mattamy Home Funding | 0.02% | 0.55% | |
| Bank in San Ramon | 0.03% | 0.55% | |
| Quicken Loans | 0.03% | 1.65% | |
| HomeAmerican Mortgage Corporation | 0.03% | 0.55% | |
| AimLoan.com | 0.03% | 0.55% | |
| Nova Home Loans | 0.03% | 17.58% | |
| Peoples Mortgage | 0.03% | 0.55% | |
| Sunstreet Mortgage LLC | 0.03% | 3.30% | |
| Movement Mortgage | 0.03% | 1.10% | |
| HomeServices Lending | 0.05% | 4.95% | |
| Guild Mortgage Company | 0.05% | 2.20% | |
| Guaranteed Rate | 0.05% | 2.20% | |
| loanDepot | 0.06% | 3.85% | |
| Caliber Home Loans | 0.06% | 1.10% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.03% | 8.63% | |
| Bank of America | -0.03% | 7.91% | |
| BBVA | -0.01% | 9.35% | |
| Nova Home Loans | -0.01% | 17.27% | |
| V.I.P. Mortgage Inc | -0.00% | 5.76% | |
| HomeServices Lending | -0.00% | 1.44% | |
| US Bank | -0.00% | 7.91% | |
| Vantage West Credit Union | 0.00% | 2.88% | |
| Pima Federal Credit Union | 0.00% | 1.44% | |
| loanDepot | 0.00% | 1.44% | |
| Bank in San Ramon | 0.01% | 0.72% | |
| Peoples Mortgage | 0.01% | 0.72% | |
| Sunstreet Mortgage LLC | 0.01% | 4.32% | |
| Fairway Independent Mortgage Corporation | 0.02% | 2.16% | |
| Guaranteed Rate | 0.02% | 2.16% | |
| PNC Bank | 0.02% | 1.44% | |
| Zions Bank | 0.02% | 1.44% | |
| Bay Equity Home Loans | 0.02% | 2.16% | |
| Quicken Loans | 0.02% | 2.88% | |
| JPMorgan Chase Bank | 0.03% | 16.55% | |
| Navy Federal Credit Union | 0.04% | 0.72% | |
| New American Funding | 0.04% | 0.72% |
* Data is compiled for the Tucson, AZ commuting zone area, which comprises of counties of Cochise County, AZ, Pima County, AZ, and Santa Cruz County, AZ. This includes cities/towns/communities of Tucson, AZ as well as Marana, AZ, Casas Adobes, AZ, Catalina Foothills, AZ, Oro Valley, AZ, Sahuarita, AZ, Sierra Vista, AZ, Green Valley, AZ, Corona de Tucson, AZ, Valencia West, AZ, Tanque Verde, AZ, Rio Rico, AZ, Rincon Valley, AZ, Drexel Heights, AZ, Sierra Vista Southeast, AZ, Tucson Estates, AZ, Flowing Wells, AZ, Rillito, AZ, Catalina, AZ, Picture Rocks, AZ, Benson, AZ, Pimaco Two, AZ, Nelson, AZ, Miracle Valley, AZ, Nogales, AZ, Avra Valley, AZ, Bisbee, AZ, Three Points, AZ, Douglas, AZ, Willcox, AZ, Whetstone, AZ, Patagonia, AZ, Elfrida, AZ, Tombstone, AZ, South Tucson, AZ, Arivaca, AZ, Summit, AZ, Bowie, AZ, Elephant Head, AZ, Haivana Nakya, AZ, and Pirtleville, 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.
Mortgage Lender Rankings in Other Cities
This page contains information about the top mortgage lenders in the Tucson, AZ area. For mortgage lender rankings in other cities, click here.