Compare mortgage rates and fees for leading lenders in Tucson, AZ. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Tucson.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Tucson. Plus, shopping lenders is free and there is no obligation.
December 16, 2019
The current average rate for a 30 year fixed rate mortgage in Tucson is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%
The median home value for Tucson, AZ (Pima County) is $201,077
The median household income for Tucson, AZ (Pima County) is $50,164
Based on current mortgage rates and a 10% down payment, you need to make $37,306 per year to buy the median priced home in Tucson
The home price you can afford to buy based on household income in Tucson is 134% of the median home value which means housing prices are average
Tucson (Pima County) ranks 11 out of 15 counties in Arizona and 2,742 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Tucson, AZ is average
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Tucson (Pima County) below.
Conforming loan limits for Tucson, AZ
FHA loan limits for Tucson, AZ
VA loan limits for Tucson, AZ
US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs
FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat
Income Growth: https://www.bls.gov
National Average Rates: http://www.freddiemac.com/pmms/
Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx
FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm
VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp
FREEandCLEAR Housing Affordability Index