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Tucson

Current Mortgage Rates in Tucson, Arizona

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.

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Mortgage Rates in Tucson, AZ as of October 14, 2019
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Tucson, AZ Mortgage Rates Compare?

October 14, 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%

Mortgage Program
Today's
Tucson, AZ Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Tucson, Arizona?

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

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Loan Limits for Tucson, Arizona

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

1 unit: $484,350
2 units: $620,200
3 units: $749,650
4 units: $931,600

FHA loan limits for Tucson, AZ

1 unit: $314,827
2 units: $403,125
3 units: $487,250
4 units: $605,525

VA loan limits for Tucson, AZ

1 unit: $484,350

Additional Mortgage Resources for Tucson, AZ Residents

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Tucson Mortgage Rates

Yuma Mortgage Rates

Sources

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