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.
February 25, 2020
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%
Below we provide helpful information on the real estate market, home prices and housing affordability in Tucson. Understand how much you need to earn to afford a home in Tucson, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Tucson fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Tucson is right for you.
The median home value for Tucson, AZ (Pima County) is $216,158
Based on current mortgage rates and a 10% down payment, you need to make $38,903 per year to buy the median priced home in Tucson
With this income, you could qualify for a $194,542 mortgage, assuming your monthly debt expense is reasonable
Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Tucson is $901
The median household income for Tucson, AZ (Pima County) is $51,336
Based on this income, you can afford a home valued at approximately $285,240
The home price you can afford to buy based on household income in Tucson is 132% of the median home value which means housing prices are average. Tucson (Pima County) ranks 11 out of 15 counties in Arizona and 2,756 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