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Yuma

Current Mortgage Rates in Yuma, Arizona

Compare mortgage rates and fees for leading lenders in Yuma, 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 Yuma.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Yuma. Plus, shopping lenders is free and there is no obligation.

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Mortgage Rates in Yuma, AZ as of October 22, 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 Yuma, AZ Mortgage Rates Compare?

October 22, 2019

The current average rate for a 30 year fixed rate mortgage in Yuma 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
Yuma, AZ Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.690%
15 Year Fixed Rate
B.BBB%
3.150%
5/1 Adjustable Rate Mortgage
C.CCC%
3.350%

How Affordable is Housing in Yuma, Arizona?

The median home value for Yuma, AZ is $142,173

The median household income for Yuma, AZ is $44,575

Based on current mortgage rates and a 10% down payment, you need to make $26,377 per year to buy the median priced home in Yuma

The home price you can afford to buy based on household income in Yuma is 169% of the median home value which means housing prices are average

Yuma ranks 5 out of 15 counties in Arizona and 2,206 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Yuma, AZ is average

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Loan Limits for Yuma, Arizona

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Yuma below.

Conforming loan limits for Yuma, AZ

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

FHA loan limits for Yuma, AZ

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

VA loan limits for Yuma, AZ

1 unit: $484,350

Additional Mortgage Resources for Yuma, AZ Residents

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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