30 Year Fixed
- 5.03 %
15 Year Fixed
- 4.41 %
1-Year ARM
- 3.77 %
5/1 ARM
- 4.04 %
Compare Mortgage Rates

Guide to Arizona Mortgages

Arizona

The sunny state of Arizona is also known as one of the Four Corner states since it borders New Mexico, Utah, Nevada, California and touches Colorado. The state has a number of national forests, parks and Indian reservations, the most popular being the magnificent Grand Canyon.

Arizona has an estimated population of 6,166,318 with a population density of 45.2 people per square mile. The population breaks down to as follows; 59.7% White American; 29.2% Latino; 3.8% African American; 2.4% Asian American; 1.7% mixed with the third highest number of Native American’s. The state’s center of population is in Maricopa County and the town of Gilbert.  Phoenix which is located in Maricopa County is the largest city and also the state capital. The second largest city is Tucson and is located in Pima County, 110 miles Southeast of Phoenix. Tucson recently passed over the one-million-resident mark. The city of Mesa is the third largest and the most populated city in the U.S. The cities of Prescott, Sedona, Cottonwood and Camp Verde are spread throughout Yavapai County which has 212,635 residents. Yuma is the center of the fourth largest metropolitan area in Arizona with a population of around 160,000 while Flagstaff, the largest city in Northern Arizona has only 57,391 residents. The total gross state product for Arizona is estimated at $232 billion dollars and ranks as the 21st largest economy among U.S. states. Its per capita income is $27,232 which is 39th in the nation and a $46,693 median household income which ranks it at 27th, just shy of the U.S. National median. Arizona collects personal income tax ranging from 2.87% to 5.04% and a state sales tax around 6.3%. All fifteen counties in the state also levy a tax on residents.  

 

Mortgage Essentials
Before working with a mortgage broker, use our various tools to calculate your budgeted monthly home loan payments, track local mortgage rates and learn about the many lending products and services available.

Mortgage Calculators
Mortgage Refinance Rates
Join the Directory
 
Home Loan Quotes
Arizona Housing Statistics
ArizonaUSA
Total Housing2,189,189121,699,874
Total Urban1,898,32094,464,240
Total Rural290,86927,235,633
Occupied1,901,327110,754,106
Vacant287,86210,945,767
Owner Occupied1,293,55673,306,541
Renter Occupied607,77137,447,565
Vacant for Rent61,7812,745,385
Vacant for Sale27,7751,264,534
 
Compare Mortgage Rates

Join the Directory