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Best Mortgage Lenders in Tucson, AZ

Aug. 15, 2019, 8:17 p.m.

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. Our partners at ConsumerAffairs reviewed the best mortgage lenders in Tucson to help you buy your dream home.

Everyone deserves to make thoughtful, informed purchase decisions. The local guides provided on this website are free for consumers. KGUN 9 may receive compensation from our partners. Learn more.

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#1
MOST POPULAR
AmeriSave

Close in as few as 25 days!

VISIT WEBSITE
CALL AMERISAVE
(866) 815-0655
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#1 MOST POPULAR
AmeriSave
AmeriSave
Features
  • Offers cash-out refinances
  • Fixed & adjustable rate options
  • Available in Tucson
  • No hidden fees
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VISIT WEBSITE
CALL AMERISAVE
(866) 815-0655
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#2
HomeDirect
HomeDirect
Features
  • Direct lender
  • Pre-qualify in 30 minutes
  • Experienced professionals to help guide you
  • Available in Tucson
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VISIT WEBSITE
CALL HOMEDIRECT
(888) 266-2249
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#3
The Polder Group
The Polder Group
Features
  • Loans available for purchasing or refinance
  • Offers variety of loans
  • Loans closed in less than 30 days
  • Customized based on your needs
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Location
2959 N. Swan Road, Ste. 141
Tucson, AZ 85712
(529) 495-0222
#4
Nova Home Loans
Nova Home Loans
Features
  • Loan applications handled in-house
  • 35 years of experience
  • Top 100 mortgage company in America for 2017
  • One-stop mortgage information source
Read More
Location
6245 E. Broadway Blvd., Ste. 400
Tucson, AZ 85711
(800) 955-9125
Guild Mortgage
Guild Mortgage
Features
  • M-F: 9am - 4pm
  • Closed Sat and Sun
  • less2own.com
Location
3108 N. Swan Rd.
Tucson, AZ 85712
(520) 425-8700
Sunstreet Mortgage
Sunstreet Mortgage
Features
  • 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.
V.I.P. Mortgage Inc.
Features
  • M-F: 8am - 5pm
  • Closed Sat and Sun
  • vipmtginc.com/state/arizona
Location
Serves residents in
Tucson, AZ 93309
(800) 680-8799
Copperpoint Mortgage
Copperpoint Mortgage
Features
  • M-F: 9am - 5pm
  • Closed Sat and Sun
  • copperpointmortgage.com
Location
7359 E. Tangue Verde
Tucson, AZ 85715
(520) 622-4020
Summit Funding
Summit Funding
Features
  • 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.

AmeriSave

AmeriSave

CALL AMERISAVE

(866) 815-0655 VISIT 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.

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HomeDirect

HomeDirect

CALL HOMEDIRECT

(888) 266-2249 VISIT 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.

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The Polder Group

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.

Nova Home Loans

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.

Our partners independently research and analyze the companies mentioned in our guides and work with subject matter experts to add valuable information that helps consumers make smart purchase decisions. Our partners will not include companies on these guides that do not meet specific quality standards. The compensation we receive from our partners may impact how and where companies appear on our site, including the order in which they appear.

Our partners independently research companies, and use editorial discretion to award companies with special recognition (i.e. Best Value) based on their staff’s judgement or subject matter expert’s judgement. Our partners do this to help you identify companies that will meet your specific buying needs, and do not receive compensation for these designations.