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Find the Best Mortgage Lenders in Tucson, AZ

Tucson’s housing market is growing, and so is the demand for homes in the area. Buying a home in Tucson is a significant financial commitment, and it’s vital that you work with a reputable mortgage company. A good mortgage lender will have an easy application and help advise you during the homebuying process. We researched the best mortgage lenders in Tucson to help you buy your dream home.

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    Compare Top Mortgage Lenders

    #1 MOST POPULAR
    AmeriSave
    Overall satisfaction rating
    • Offers cash-out refinances
    • Fixed & adjustable rate options
    • Available in Tucson
    • No hidden fees

    Close in as few as 25 days!

    (866) 815-0655 Read More
    #2
    HomeDirect
    Overall satisfaction rating
    • Direct lender
    • Pre-qualify in 30 minutes
    • Experienced professionals to help guide you
    • Available in Tucson

    This direct lender is a division of Bank of Oklahoma Financial. It uses the latest technology like an online automated application system to help clients get the money and information they need as efficiently as possible.

    Read More
    #3
    The Polder Group
    • Loans available for purchasing or refinance
    • Offers variety of loans
    • Loans closed in less than 30 days
    • Customized based on your needs
    Location
    2959 N. Swan Road, Ste. 141
    Tucson, AZ 85712
    (529) 495-0222
    Read More
    #4
    Nova Home Loans
    • Loan applications handled in-house
    • 35 years of experience
    • Top 100 mortgage company in America for 2017
    • One-stop mortgage information source
    Location
    6245 E. Broadway Blvd., Ste. 400
    Tucson, AZ 85711
    (800) 955-9125
    Read More
    Guild Mortgage
    • M-F: 9am - 4pm
    • Closed Sat and Sun
    • less2own.com
    Location
    3108 N. Swan Rd.
    Tucson, AZ 85712
    (520) 425-8700
    Sunstreet Mortgage
    • M-F: 8am - 5pm
    • Closed Sat and Sun
    • sunstreetmortgage.com
    Location
    1725 E. Skyline Dr.
    Tucson, AZ 85718
    (888) 634-6399
    V.I.P. Mortgage Inc.
    • M-F: 8am - 5pm
    • Closed Sat and Sun
    • vipmtginc.com/state/arizona
    Location
    Serves residents in
    Tucson, AZ 93309
    (800) 680-8799
    Copperpoint Mortgage
    • M-F: 9am - 5pm
    • Closed Sat and Sun
    • copperpointmortgage.com
    Location
    7359 E. Tangue Verde
    Tucson, AZ 85715
    (520) 622-4020
    Summit Funding
    • M-F: 8am - 5pm
    • Closed Sat and Sun
    • summitfunding.net/branch/tucson
    Location
    210 E. Broadway Blvd.
    Tucson, AZ 85701
    (520) 873-9105

    How to choose a mortgage lender in Tucson

    Tucson skyline

    Understanding the market is key to finding the best time to refinance or purchase a new home. Some facts to know about Tucson’s current housing market include:

    • Strong economic growth is increasing the demand for homes
    • Houses in Tucson stay on the market for an average of 59 days
    • Homes are moving quickly in Tucson, which demonstrates a stable market
    • There is a low real estate inventory, meaning there are fewer homes to meet the housing demands

    The median price of homes in Tucson is $185,000, but the high demand for houses will cause the price to increase during the next few years. If you’re planning to buy a home in the city, purchasing one before prices rise even more is a good idea.

    Types of mortgage loans available in Tucson

    There are multiple types of mortgages in Tucson, including:

    • Conventional loans are the most common type of loan and may require higher credit scores and larger down payments than other options. Conventional loans can either be fixed-rate or variable-rate loans.
    • FHA loans are backed by the Federal Housing Administration. Homebuyers with lower credit scores may qualify for these loans, but the loan does require mortgage insurance.
    • FHA 203(k) loans are intended for use on homes that require renovation. They allow you to put the purchase and renovation cost of your home into one loan.
    • HUD loans are backed by the Department of Housing and Urban Development and can be a good option for Tucson residents with lower incomes.
    • VA loans are low-cost loans that have no down payment. They’re offered to veterans, members of the armed forces and surviving spouses by the Department of Veterans Affairs.
    • USDA loans are offered by the U.S. Department of Agriculture and are available for homes in rural areas. They have no down payment and are often more affordable than other types of loans.
    • Jumbo loans are designed for financing that exceed the limits set by the Federal Housing Finance Agency and are used for luxury properties and homes.

    Your credit history, available down payment and other factors will help decide which loan type works best for you. Your mortgage company will discuss your options and help you choose.

    Choosing a neighborhood in Tucson

    Tucson has a variety of neighborhoods offering different features and amenities. Factors such as the local school system, crime rate, restaurants and nightlife, shopping and access to parks are important to consider. Three of the most popular neighborhoods in Tucson are:

    • Sam Hughes, a central Tucson neighborhood, has turn-of-the-century houses and mission-style bungalows. It’s within walking distance of shops, restaurants and parks. It’s also close to the University of Arizona and Downtown Tucson. Houses range in price from $200,000 to $1.5 million. Conventional and jumbo mortgages work well for this neighborhood.
    • El Encanto, sometimes called the Beverly Hills of Tucson, has a California-inspired landscape and layout, including Moroccan-, Spanish-, Italian- and Mediterranean-style houses. Houses begin at $500,000. FHA loans may work for some homes in this area, though you may need a jumbo loan for more expensive properties.
    • Civano, a newer, environmentally-friendly neighborhood, attracts younger families with energy-efficient adobe and Sonoran-style homes. The median house price in this neighborhood is $248,300. Many people living in this neighborhood are military families working at the nearby Davis–Monthan Air Force Base who can use a VA loan. Other families may be able to use an FHA loan.

    Mortgage Companies Reviews

    AmeriSave

    AmeriSave is focused on helping people make their dream of buying a home a reality. The lender has mortgage loans for purchasing a new home or refinancing your existing loan and offers online rate quotes without requiring personal information. Tucson residents report the online application is simple and straightforward.

    AmeriSave (866) 815-0655

    HomeDirect

    HomeDirect, a division of BOK Financial, is dedicated to making the financing process convenient for all its customers. The direct lender has an automated online application and uses technology to make the homebuying process easier. Tucson customers praise the friendly, experienced mortgage bankers who provide advice every step of the way.

    HomeDirect

    The Polder Group

    The Polder Group’s mission is to help families finance homes where they can create memories and share stories. They are committed to delivering the best lending experience in Tucson. They offer conventional, FHA, USDA, VA and jumbo mortgage options. Customers in Tucson love the caring nature of the loan officers.

    The Polder Group

    Nova Home Loans

    Nova Home Loans is a full-service mortgage bank that handles loans in-house from start to finish and advertises an accelerated loan delivery. The company offers mortgages including VA, jumbo, USDA and FHA loans. Reviews from Tucson rave about the easy process, low rates and knowledgeable staff.

    Nova Home Loans