Largest mortgage lenders in Arizona
By applications received in 2025. Grade is the lender's national grade.
| # | Lender | Grade | Applications | Originated | Denial rate | Median rate |
|---|---|---|---|---|---|---|
| 1 | United Shore Financial Services | B | 25,383 | 19,328 | 10.2% | 6.25% |
| 2 | Rocket Mortgage | C | 17,947 | 13,320 | 15.6% | 6.75% |
| 3 | Desert Financial Credit Union | B | 16,970 | 10,566 | 24.3% | 6.49% |
| 4 | Crosscountry Mortgage | B | 7,570 | 4,945 | 3.8% | 6.58% |
| 5 | Fairway Independent Mortgage | B | 6,729 | 4,724 | 5.6% | 6.63% |
| 6 | Bank of America | F | 6,229 | 2,582 | 32.2% | 6.24% |
| 7 | Loandepot.Com | D | 6,180 | 4,138 | 16.1% | 5.99% |
| 8 | Pennymac Loan Services | C | 5,838 | 3,232 | 11.7% | 6.62% |
| 9 | Nova Financial & Investment | C | 5,380 | 3,560 | 16.2% | 6.49% |
| 10 | Freedom Mortgage | B | 4,991 | 2,123 | 7.0% | 6.00% |
| 11 | Newrez | D | 4,922 | 1,845 | 16.9% | 6.38% |
| 12 | Guild Mortgage | A | 4,880 | 3,467 | 4.3% | 6.63% |
| 13 | Spring Eq | D | 4,706 | 1,610 | 47.3% | 8.95% |
| 14 | JPMorgan Chase Bank | B | 4,573 | 2,864 | 11.2% | 6.50% |
| 15 | Navy Federal Credit Union | D | 4,421 | 1,960 | 24.0% | 7.75% |
| 16 | OneAZ Credit Union | D | 4,171 | 1,992 | 27.8% | 7.25% |
| 17 | U.S. Bank | D | 4,149 | 1,813 | 39.3% | 7.60% |
| 18 | Arizona Financial Credit Union | D | 3,698 | 2,172 | 25.3% | 7.25% |
| 19 | Mortgage Research Center | C | 3,676 | 1,565 | 18.8% | 6.13% |
| 20 | The Loan Store | B | 3,658 | 2,579 | 9.8% | 6.88% |
| 21 | Broker Solutions | D | 3,480 | 1,347 | 7.7% | 6.75% |
| 22 | Dhi Mortgage Company | B | 3,479 | 2,406 | 12.8% | 3.99% |
| 23 | Coastal Community Bank | C | 3,308 | 786 | 2.2% | 9.99% |
| 24 | Lennar Mortgage | A | 3,184 | 2,623 | 10.9% | 4.25% |
| 25 | V.i.p. Mortgage | B | 2,930 | 2,321 | 2.5% | 6.62% |
Best approval odds in Arizona
Lowest decision denial rate among lenders that decided at least 300 Arizona applications in 2025.
| # | Lender | Decided | Decision denial rate | Median rate |
|---|---|---|---|---|
| 1 | Cornerstone First Mortgage | 317 | 0.3% | 6.75% |
| 2 | Unnamed lender 254900YZ174H294JW398 | 453 | 1.1% | 6.63% |
| 3 | Altitude Financial | 920 | 1.3% | 6.63% |
| 4 | Shea Mortgage | 379 | 1.3% | 6.13% |
| 5 | NFM | 911 | 1.3% | 4.99% |
| 6 | Moria Development | 856 | 2.1% | 6.75% |
| 7 | Homeowners Financial Group USA | 775 | 2.2% | 6.50% |
| 8 | Direct Mortgage Loans | 414 | 2.4% | 6.63% |
| 9 | Gardner Financial Services | 305 | 2.6% | 6.63% |
| 10 | Velocio Mortgage | 1,442 | 2.9% | 3.99% |
Lowest median rates in Arizona
Among lenders reporting rates on at least 100 originated loans. Product mix matters: a VA specialist will show a lower median than a jumbo lender.
| # | Lender | Priced loans | Median rate | Denial rate |
|---|---|---|---|---|
| 1 | Velocio Mortgage | 1,360 | 3.99% | 2.7% |
| 2 | Dhi Mortgage Company | 2,339 | 3.99% | 12.8% |
| 3 | Lennar Mortgage | 2,617 | 4.25% | 10.9% |
| 4 | Homeamerican Mortgage | 971 | 4.50% | 6.7% |
| 5 | K. Hovnanian American Mortgage | 468 | 4.99% | 12.1% |
| 6 | NFM | 896 | 4.99% | 1.2% |
| 7 | Pulte Mortgage | 1,132 | 4.99% | 8.1% |
| 8 | Universal Lending | 200 | 5.13% | 5.2% |
| 9 | Mattamy Home Funding | 572 | 5.38% | 7.2% |
| 10 | Charles Schwab Bank | 233 | 5.63% | 3.7% |
What Arizona borrowers applied for
By loan purpose
By loan type
Denial rate by applicant income
Why Arizona applications were denied
Arizona mortgage market by year
| Year | Applications | Originated | Denial rate | Median rate | Median loan | Lenders |
|---|---|---|---|---|---|---|
| 2023 | 263,544 | 148,325 | 19.5% | 6.75% | $255,000 | 1,117 |
| 2024 | 285,668 | 167,515 | 17.8% | 6.63% | $255,000 | 1,083 |
| 2025 | 309,156 | 183,878 | 16.2% | 6.50% | $275,000 | 1,082 |
Arizona counties
Counties with at least 200 applications in 2025, most active first.
Frequently asked questions
16.2% of mortgage applications in Arizona were denied in 2025 (20.4% of applications that reached a decision). Nationally the rate was 18.0%.
United Shore Financial Services handled the most applications in Arizona in 2025: 25,383, with a denial rate of 10.2%.
Among lenders that decided at least 300 applications in Arizona, Cornerstone First Mortgage had the lowest decision denial rate at 0.3%.
The median interest rate on loans originated in Arizona in 2025 was 6.50%. That is the rate borrowers actually received, reported by lenders under HMDA, not an advertised rate.