Perspective Real Estate Group

Decoding Mortgage Options: Arizona’s Current 30-Year Fixed Rates

The state of Arizona has a population of over seven million residents and the largest and most populated city is Phoenix. The Grand Canyon State has a lot to offer with its scenic hiking trails, world-class golf courses, and breathtaking landscapes. If you’re planning a move to Arizona, staying informed about the latest mortgage rates is crucial. Here’s a breakdown of today’s 30-year fixed rates and insights into various loan options from USBank to guide your decisions in 2024.

These rates, APRs, monthly payments, and points are current as of 01/05/2024 and may change at any time. It is assumed that you have a FICO® Score of 740+ and a specific down payment amount as noted below for each product. Also, it is assumed that the loan is for a single-family home as your primary residence and you will purchase up to one mortgage discount point in exchange for a lower interest rate.

To connect with a mortgage loan officer in Arizona, don’t hesitate to message us as we have good referrals tailored to fit your needs.

Today’s 30-Year Fixed Mortgage Rates:

Conventional Fixed-Rate Loans:

Rates and monthly payments shown are based on a loan amount of $464,000 and a down payment of at least 25%. 

Conforming Adjustable-Rate Mortgage (ARM) Loans:

Rates and monthly payments shown are based on a loan amount of $464,000 and a down payment of at least 25%. 

Jumbo Adjustable-Rate Mortgage (ARM) Loans:

Rates and monthly payments shown are based on a loan amount of $940,000 and a down payment of at least 25%.

Federal Housing Administration (FHA) Loans:

Rates and monthly payments shown are based on a loan amount of $270,019 and a down payment of at least 3.5%. 

Veterans Affairs (VA) Loans:

Rates and monthly payments shown are based on a loan amount of $270,072 and no down payment. 

Jumbo Loans:

Rates and monthly payments shown are based on a loan amount of $940,000 and a down payment of at least 25%. 

Connect with our expert Real Estate professionals at Perspective Real Estate Group for personalized guidance and referrals.

Source: US Bank

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