States › Arizona
Arizona mortgage lending
Every HMDA reporter's applications, originations and denial rate for properties in Arizona, with all 15 counties.
HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws. The data do not include some legitimate credit risk considerations for loan approval and loan pricing decisions. Record year 2024.
Arizona had 285,668 HMDA-reported mortgage applications and 167,515 originations ($59bn) in 2024, from 381 lenders with at least 25 applications in the state.
The statewide denial rate was 22.2% (national 24.3%) and the median rate spread 0.3 percentage points (national 0.3). Originations ran at 58.7 per 1,000 households, against 48.0 nationally.
Originations in the state went from 218,955 in 2018 to 167,515 in 2024; the denial rate moved from 22.0% to 22.2%.
The most active lenders by originations were United Wholesale Mortgage (17,642), Rocket Mortgage (11,483) and Desert Financial Credit Union (8,747).
Most active lenders in Arizona
| # | Lender | Applications | Originations | Amount | Denial rate | Median spread |
|---|---|---|---|---|---|---|
| 1 | United Wholesale Mortgage | 22,729 | 17,642 | $6.8bn | 11.2% | 0.1 |
| 2 | Rocket Mortgage | 14,952 | 11,483 | $3.3bn | 15.1% | 0.4 |
| 3 | Desert Financial Credit Union | 14,819 | 8,747 | $1.1bn | 31.2% | -1.8 |
| 4 | Fairway Independent Mort Corp | 6,414 | 4,513 | $1.6bn | 7.0% | 0.4 |
| 5 | Loandepot.com, LLC | 6,201 | 4,066 | $1.3bn | 19.5% | -0.2 |
| 6 | Crosscountry Mortgage, LLC | 6,198 | 4,066 | $1.5bn | 2.7% | 0.4 |
| 7 | Nova Financial & Investment Corporation | 5,137 | 3,502 | $1.0bn | 6.9% | 0.3 |
| 8 | Guild Mortgage Company | 4,552 | 3,185 | $957m | 5.1% | 0.5 |
| 9 | Lennar Mortgage, LLC | 3,224 | 2,648 | $1.1bn | 10.2% | -1.4 |
| 10 | Bank of America NA | 6,503 | 2,589 | $659m | 44.8% | 1.7 |
| 11 | V.I.P. Mortgage, Inc. | 3,217 | 2,568 | $991m | 3.0% | 0.4 |
| 12 | DHI Mortgage Company, LTD. | 3,481 | 2,525 | $1.0bn | 10.7% | -0.9 |
| 13 | JPMorgan Chase Bank, NA | 3,537 | 2,240 | $1.2bn | 12.6% | 0.1 |
| 14 | Navy Federal Credit Union | 4,668 | 2,207 | $429m | 33.0% | 1.2 |
| 15 | Pennymac Loan Services LLC | 3,988 | 2,078 | $711m | 18.7% | 0.4 |
| 16 | Us Bank, N.A. | 4,563 | 1,957 | $691m | 48.4% | 0.8 |
| 17 | Arizona Federal Credit Union | 3,582 | 1,795 | $218m | 32.7% | 0.7 |
| 18 | Figure Lending LLC | 3,537 | 1,752 | $138m | 27.1% | 3.8 |
| 19 | Spring Eq, LLC | 5,092 | 1,747 | $174m | 59.6% | 3.5 |
| 20 | Oneaz Credit Union | 4,087 | 1,688 | $357m | 44.0% | 0.3 |
| 21 | Freedom Mortgage Corporation | 3,492 | 1,591 | $562m | 15.2% | 0.1 |
| 22 | The Loan Store, Inc | 2,399 | 1,571 | $481m | 12.7% | 0.6 |
| 23 | Taylor Morrison Home Funding, Inc. | 2,002 | 1,547 | $715m | 10.7% | -0.6 |
| 24 | Nationstar Mortgage | 2,176 | 1,481 | $287m | 17.2% | 2.9 |
| 25 | American Pacific Mortgage Corporation | 2,171 | 1,464 | $468m | 13.2% | 0.6 |
| 26 | CMG Mortgage Inc | 1,983 | 1,302 | $552m | 9.0% | 0.4 |
| 27 | Pulte Mortgage LLC | 1,781 | 1,291 | $569m | 10.5% | -0.9 |
| 28 | Velocio Mortgage, L.L.C. | 1,492 | 1,287 | $536m | 5.6% | -1.1 |
| 29 | Zions Bancorporation, N.A. | 2,570 | 1,283 | $423m | 35.5% | 0.8 |
| 30 | Mortgage Research Center | 2,829 | 1,269 | $453m | 27.3% | -0.2 |
| 31 | New American Funding, LLC. | 3,318 | 1,268 | $370m | 20.4% | 0.7 |
| 32 | HomeAmerican Mortgage Corporation | 1,570 | 1,265 | $509m | 7.5% | -1.0 |
| 33 | Discover Bank | 5,697 | 1,219 | $108m | 69.6% | 2.1 |
| 34 | Bell Bank | 1,600 | 1,193 | $439m | 10.1% | 0.4 |
| 35 | Newrez LLC | 3,327 | 1,161 | $367m | 34.6% | 0.4 |
| 36 | Vantage West Credit Union | 2,092 | 1,146 | $164m | 28.3% | 0.4 |
| 37 | BMO Harris Bank NA | 2,508 | 1,142 | $435m | 39.7% | 0.7 |
| 38 | Guaranteed Rate, Inc. | 1,897 | 1,138 | $423m | 10.8% | 0.3 |
| 39 | Kbhs Home Loans, LLC | 1,447 | 1,136 | $414m | 7.0% | -0.5 |
| 40 | Flagstar Bank NA | 1,894 | 1,091 | $342m | 29.8% | 0.4 |
| 41 | Plains Commerce Bank | 1,820 | 1,057 | $399m | 4.7% | 0.2 |
| 42 | NFM, Inc | 1,185 | 1,050 | $456m | 1.8% | -0.8 |
| 43 | PNC Bank N.A. | 1,994 | 983 | $314m | 37.2% | 1.1 |
| 44 | Wells Fargo Bank NA | 2,223 | 969 | $921m | 32.8% | 0.1 |
| 45 | Geneva Financial LLC | 1,390 | 966 | $276m | 2.6% | 0.7 |
| 46 | Altitude Financial Corporation | 1,257 | 942 | $311m | 2.7% | 0.2 |
| 47 | Paramount Residential Mortgage | 1,314 | 914 | $360m | 5.5% | 0.4 |
| 48 | Mountain America Federal Credit Union | 2,110 | 858 | $177m | 46.3% | 0.9 |
| 49 | Movement Mortgage, LLC | 1,332 | 858 | $301m | 7.3% | 0.6 |
| 50 | Homeowners Financial Group, LLC | 1,059 | 789 | $341m | 4.1% | 0.3 |
| 51 | Peoples Mortgage Company | 1,077 | 787 | $287m | 3.4% | 0.5 |
| 52 | Truwest Credit Union | 1,247 | 784 | $164m | 25.2% | 1.1 |
| 53 | Securitynational Mortgage Company | 1,260 | 764 | $250m | 16.5% | 0.8 |
| 54 | Click n' Close, Inc. | 1,085 | 751 | $162m | 4.5% | 2.0 |
| 55 | America First Federal Credit Union | 1,135 | 736 | $83m | 24.5% | 0.9 |
| 56 | Coastal Community Bank | 2,805 | 728 | $55m | 1.9% | 4.5 |
| 57 | Mutual of Omaha Mortgage | 1,084 | 719 | $245m | 19.5% | 0.2 |
| 58 | Primelending | 1,016 | 708 | $266m | 9.0% | 0.3 |
| 59 | Inspire Home Loans Inc. | 988 | 708 | $224m | 13.9% | -0.8 |
| 60 | Prosperity Home Mortgage, LLC | 1,016 | 686 | $241m | 9.3% | 0.2 |
Top 60 of 381 lenders with at least 25 applications in the state, by originations. 237 lenders have 100 or more applications here and link to a state-specific page.
Compared with the nation
| Measure | Arizona | United States |
|---|---|---|
| Denial rate | 22.2% | 24.3% |
| Median rate spread, pp | 0.3 | 0.3 |
| Originations with spread of 1.5 pp or more | 16.7% | 15.6% |
| Average originated loan | $353k | $329k |
| Originations per 1,000 households | 58.7 | 48.0 |
| Home purchase share of originations | 55.6% | 57.0% |
| FHA-insured share | 17.9% | 13.4% |
| VA-guaranteed share | 9.6% | 7.9% |
Trend, 2018–2024
ApplicationsOriginations
ArizonaUnited States
FHA share of originationsVA share
| Year | Applications | Originations | Amount | Denial rate | FHA | VA | Refinance share |
|---|---|---|---|---|---|---|---|
| 2018 | 372,181 | 218,955 | $53bn | 22.0% | 14.1% | 10.0% | 28.9% |
| 2019 | 473,561 | 295,782 | $78bn | 17.9% | 14.1% | 12.5% | 45.1% |
| 2020 | 742,836 | 487,928 | $134bn | 13.4% | 10.2% | 12.5% | 64.5% |
| 2021 | 739,753 | 487,712 | $147bn | 13.7% | 9.1% | 10.1% | 63.2% |
| 2022 | 418,431 | 242,226 | $86bn | 21.0% | 11.5% | 8.4% | 36.4% |
| 2023 | 263,544 | 148,325 | $50bn | 24.6% | 17.0% | 8.2% | 18.0% |
| 2024 | 285,668 | 167,515 | $59bn | 22.2% | 17.9% | 9.6% | 24.2% |
Yearly figures from the HMDA Data Browser aggregations for the state (all reporters).
Loan purpose and loan type, 2024
By purpose
Home purchase 56% (93,109)Home improvement 9% (15,373)Refinancing 11% (17,975)Cash-out refinancing 13% (22,513)Other purpose 11% (18,509)
By type
Conventional 72% (121,026)FHA 18% (29,979)VA 10% (16,000)USDA 0% (510)
Counties
| County | Applications | Originations | Per 1,000 households | Denial rate | Median spread | Lenders |
|---|---|---|---|---|---|---|
| Maricopa County | 171,898 | 102,128 | 59.0 | 22.1% | 0.3 | 328 |
| Pima County | 38,061 | 21,937 | 50.1 | 21.1% | 0.3 | 127 |
| Pinal County | 27,891 | 17,014 | 105.1 | 21.5% | 0.1 | 132 |
| Yavapai County | 11,267 | 6,260 | 56.3 | 23.7% | 0.4 | 84 |
| Mohave County | 10,260 | 5,790 | 56.8 | 23.3% | 0.6 | 73 |
| Yuma County | 7,072 | 4,090 | 51.5 | 21.6% | 0.5 | 46 |
| Cochise County | 4,543 | 2,564 | 50.3 | 20.8% | 0.4 | 43 |
| Coconino County | 4,432 | 2,501 | 45.4 | 23.4% | 0.4 | 44 |
| Navajo County | 3,443 | 1,915 | 47.8 | 24.0% | 0.5 | 37 |
| Gila County | 2,192 | 1,171 | 49.5 | 25.3% | 0.5 | 26 |
| Santa Cruz County | 1,484 | 767 | 45.2 | 26.3% | 0.5 | 14 |
| Graham County | 1,155 | 653 | 51.2 | 25.7% | 0.6 | 6 |
| Apache County | 1,054 | 432 | 20.5 | 42.5% | 0.7 | 6 |
| La Paz County | 350 | 161 | 18.0 | 35.5% | 0.8 | 2 |
| Greenlee County | 117 | 58 | 16.2 | 30.0% | 0.7 | 0 |
By originations. Lenders: those with at least 25 applications in the county.
VA-guaranteed loans by month
VA publishes lender volume nationally, not by state; see the Aug 2026 VA lender table and the monthly series. The VA-guaranteed share of Arizona originations by year is charted above from HMDA.
Questions and answers
Which mortgage lenders are most active in Arizona?
By 2024 originations: United Wholesale Mortgage (17,642), Rocket Mortgage (11,483), Desert Financial Credit Union (8,747), Fairway Independent Mort Corp (4,513), Loandepot.com, LLC (4,066). 381 lenders had at least 25 applications in the state.
What is the mortgage denial rate in Arizona?
22.2% of decided applications were denied in 2024, against 24.3% nationally. HMDA data alone cannot be used to determine whether a lender is complying with fair lending laws.
How has mortgage lending in Arizona changed since 2018?
Originations went from 218,955 in 2018 to 167,515 in 2024; the denial rate moved from 22.0% to 22.2%.
Where does this data come from?
From the public HMDA loan/application register (FFIEC and CFPB) for 2024, the HMDA Data Browser aggregations for 2018–2024, and Census Bureau household estimates.
Provenance
Source: HMDA public loan/application register 2022, 2023, 2024 and Data Browser aggregations 2018–2024 (FFIEC and CFPB, public domain); households from the Census Bureau ACS 2024 five-year estimates. Built 30 Sep 2026; data through 1 Aug 2026.