Arizona Mortgage Lenders & HMDA Data, 2025
In 2025, lenders reported 356,667 mortgage applications in Arizona totaling $119.8 billion, up 10% from 2024. The average application was for $336,000, and applicants reported an average income of $155,000. 51% of applications resulted in an originated loan and 14% were denied. The most active lenders were United Wholesale Mortgage (25,473 applications), Desert Financial Credit Union and PennyMac Loan Services LLC.
See the top mortgage lenders in Arizona, browse lending by metro area and by county, or see the mortgage lenders headquartered in Arizona and Arizona lenders by city.
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Whether you're an industry analyst, homebuyer, or researcher, this data provides valuable insights into Arizona's mortgage market trends.
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 |
| Total Number of Mortgage Applications | 356,667 |
| Total Mortgage Loan Application Amount | $119,842,565,000 |
| Average Mortgage Loan Application Amount | $336,000 |
| Highest Mortgage Loan Application Amount | $91,505,000 |
| Average Applicant Income | $155,000 |
| Highest Applicant Income | $9,999,000 |
Top 25 Mortgage Lenders in Arizona (2025)
Ranked by the number of mortgage applications each lender received for properties in Arizona in 2025, wherever the lender is based. For lenders headquartered in the state, see the full list of Arizona mortgage companies. For the lenders that made the most loans here in 2025, with the top FHA, VA, purchase and refinance lenders, see top mortgage lenders in Arizona.
| # | Mortgage Lender | Mortgage Applications | Total Dollar Amount | Average Loan Amount | Average Applicant Income |
|---|---|---|---|---|---|
| 1 | United Wholesale Mortgage Plymouth, MI |
25,473 | $10,089,045,000 | $396,068 | $153,416 |
| 2 | Desert Financial Credit Union Phoenix, AZ |
17,115 | $2,583,915,000 | $150,973 | $134,395 |
| 3 | PennyMac Loan Services LLC Westlake Village, CA |
15,695 | $6,069,165,000 | $386,694 | $161,248 |
| 4 | JPMorgan Chase Bank, NA Columbus, OH |
11,628 | $3,781,120,000 | $325,173 | $183,352 |
| 5 | Newrez LLC Fort Washington, PA |
8,321 | $2,878,275,000 | $345,904 | $139,541 |
| 6 | Freedom Mortgage Corporation Boca Raton, FL |
8,130 | $3,117,790,000 | $383,492 | $117,024 |
| 7 | Crosscountry Mortgage, LLC Cleveland, OH |
7,573 | $2,681,315,000 | $354,062 | $160,178 |
| 8 | Fairway Independent Mort Corp Madison, WI |
6,844 | $2,397,790,000 | $350,349 | $148,881 |
| 9 | Bank of America NA Westlake Village, CA |
6,783 | $1,727,025,000 | $254,610 | $152,604 |
| 10 | loanDepot.com LLC Irvine, CA |
6,182 | $1,721,750,000 | $278,510 | $116,153 |
| 11 | Nova Financial & Investment Corporation Tucson, AZ |
4,932 | $1,475,160,000 | $299,099 | $10,429 |
| 12 | Guild Mortgage Company San Diego, CA |
4,924 | $1,540,640,000 | $312,883 | $131,054 |
| 13 | US Bank, N.A. Cincinnati, OH |
4,764 | $1,396,925,000 | $293,225 | $188,093 |
| 14 | Spring Eq, LLC Conshohocken, PA |
4,752 | $519,270,000 | $109,273 | $146,987 |
| 15 | Lakeview Loan Servicing, LLC Coral Gables, FL |
4,665 | $1,269,365,000 | $272,103 | $142,073 |
| 16 | Nationstar Mortgage Coppell, TX |
4,562 | $1,307,790,000 | $286,670 | $120,076 |
| 17 | Figure Lending LLC San Francisco, CA |
4,528 | $421,040,000 | $92,985 | $120,654 |
| 18 | Navy Federal Credit Union Vienna, VA |
4,433 | $914,795,000 | $206,360 | $140,351 |
| 19 | Oneaz Credit Union Phoenix, AZ |
4,158 | $909,990,000 | $218,852 | $157,749 |
| 20 | Guaranteed Rate, Inc. Chicago, IL |
4,040 | $1,535,510,000 | $380,076 | $175,539 |
| 21 | Arizona Financial Credit Union Phoenix, AZ |
3,697 | $524,585,000 | $141,894 | $135,948 |
| 22 | Mortgage Research Center Columbia, MO |
3,676 | $1,363,500,000 | $370,919 | $111,260 |
| 23 | The Loan Store, Inc Tucson, AZ |
3,658 | $1,151,960,000 | $314,915 | $183,103 |
| 24 | DHI Mortgage Company, Ltd. Austin, TX |
3,483 | $1,384,315,000 | $397,449 | $112,914 |
| 25 | New American Funding, Llc. Tustin, CA |
3,480 | $944,520,000 | $271,413 | $110,365 |
The tables below break down 2025 mortgage applications in Arizona by loan purpose, applicant race, loan type, outcome and denial reason, followed by totals for every metro area and county. Click a column heading to sort.
Mortgage Loan Application Detail Totals for Arizona in 2025
Loan Purpose |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Home Purchase | 165,454 | $69,857,770,000 | $422,000 | $88,845,000 | $168,000 | $9,999,000 |
| Cash-out Refinancing | 64,411 | $17,452,370,000 | $270,000 | $48,025,000 | $131,000 | $8,569,000 |
| Refinancing | 54,140 | $22,826,025,000 | $421,000 | $91,505,000 | $176,000 | $9,287,000 |
| Other Purpose | 41,106 | $5,377,360,000 | $130,000 | $76,655,000 | $140,000 | $9,124,000 |
| Home Improvement | 31,102 | $4,185,680,000 | $134,000 | $62,335,000 | $145,000 | $6,600,000 |
| Not Applicable | 454 | $143,360,000 | $315,000 | $32,375,000 | $95,000 | $580,000 |
Applicant Race |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| White | 161,081 | $52,049,355,000 | $323,000 | $19,255,000 | $169,000 | $9,544,000 |
| Hispanic | 70,693 | $18,553,030,000 | $262,000 | $9,265,000 | $114,000 | $9,999,000 |
| Not Provided | 48,701 | $15,984,075,000 | $328,000 | $10,005,000 | $161,000 | $8,474,000 |
| Not applicable | 48,424 | $23,659,715,000 | $488,000 | $91,505,000 | $176,000 | $8,021,000 |
| Asian | 13,419 | $5,408,445,000 | $403,000 | $18,005,000 | $196,000 | $9,936,000 |
| Black or African American | 10,299 | $3,142,735,000 | $305,000 | $6,605,000 | $136,000 | $8,829,000 |
| American Indian or Alaskan Native | 3,193 | $798,225,000 | $249,000 | $3,005,000 | $126,000 | $8,950,000 |
| Native Hawaiian or Other Pacific Islander | 840 | $243,000,000 | $289,000 | $1,445,000 | $136,000 | $4,777,000 |
Loan Type |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 254,531 | $82,285,045,000 | $323,000 | $91,505,000 | $171,000 | $9,999,000 |
| FHA-insured (Federal Housing Administration) | 65,376 | $22,495,630,000 | $344,000 | $62,335,000 | $96,000 | $9,544,000 |
| VA-guaranteed (Veterans Administration) | 35,441 | $14,706,185,000 | $414,000 | $9,995,000 | $127,000 | $9,842,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 1,319 | $355,705,000 | $269,000 | $685,000 | $126,000 | $8,950,000 |
Outcome |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Loan Originated | 183,621 | $65,990,450,000 | $359,000 | $91,505,000 | $164,000 | $9,842,000 |
| Application Denied By Financial Institution | 49,763 | $12,169,265,000 | $244,000 | $75,005,000 | $122,000 | $9,124,000 |
| Loan Purchased By The Institution | 47,945 | $17,176,005,000 | $358,000 | $4,995,000 | $174,000 | $8,021,000 |
| Application Withdrawn By Applicant | 47,177 | $16,999,600,000 | $360,000 | $62,335,000 | $159,000 | $9,936,000 |
| File Closed For Incompleteness | 16,024 | $4,335,530,000 | $270,000 | $13,005,000 | $145,000 | $9,999,000 |
| Application Approved But Not Accepted | 11,743 | $3,013,035,000 | $256,000 | $49,445,000 | $155,000 | $8,475,000 |
| Preapproval Approved but not Accepted | 257 | $109,385,000 | $425,000 | $3,505,000 | $176,000 | $3,047,000 |
| Preapproval Denied by Financial Institution | 137 | $49,295,000 | $359,000 | $1,205,000 | $127,000 | $1,754,000 |
Denial Reason |
Total Number of Mortgage Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Amount | Highest Mortgage Loan Amount | Average Applicant Income | Highest Applicant Income |
|---|---|---|---|---|---|---|
| Not applicable | 305,602 | $107,014,540,000 | $350,000 | $91,505,000 | $162,000 | $9,999,000 |
| Debt-To-Income Ratio | 18,241 | $4,854,735,000 | $266,000 | $77,355,000 | $92,000 | $6,500,000 |
| Credit History | 9,649 | $1,851,745,000 | $191,000 | $9,995,000 | $124,000 | $9,124,000 |
| Collateral | 7,447 | $1,811,905,000 | $243,000 | $29,205,000 | $155,000 | $8,540,000 |
| Credit Application Incomplete | 7,123 | $1,656,955,000 | $232,000 | $6,885,000 | $136,000 | $6,190,000 |
| Other | 4,813 | $1,392,405,000 | $289,000 | $75,005,000 | $152,000 | $8,829,000 |
| Unverifiable Information | 2,016 | $612,000,000 | $303,000 | $4,005,000 | $159,000 | $6,341,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1,296 | $501,300,000 | $386,000 | $7,205,000 | $144,000 | $3,960,000 |
| Employment History | 474 | $143,630,000 | $303,000 | $1,825,000 | $120,000 | $3,813,000 |
| Mortgage Insurance Denied | 6 | $3,350,000 | $558,000 | $1,015,000 | $211,000 | $369,000 |
Mortgage Loan Application Totals in 2025 by Arizona Metropolitan Area
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Flagstaff, AZ | 5,517 | $ 2,381,685,000 | $ 431,000 | $ 236,000 |
| Lake Havasu City-Kingman, AZ | 12,799 | $ 3,203,495,000 | $ 250,000 | $ 128,000 |
| Phoenix-Mesa-Scottsdale, AZ | 249,254 | $ 89,892,180,000 | $ 360,000 | $ 162,000 |
| Prescott Valley-Prescott, AZ | 14,308 | $ 4,580,030,000 | $ 320,000 | $ 145,000 |
| Sierra Vista-Douglas, AZ | 5,751 | $ 1,271,145,000 | $ 221,000 | $ 211,000 |
| Tucson, AZ | 47,182 | $ 13,156,610,000 | $ 278,000 | $ 126,000 |
| Yuma, AZ | 9,075 | $ 2,095,815,000 | $ 230,000 | $ 95,000 |
Mortgage Loan Application Totals in 2025 by Arizona County
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Apache | 1,211 | $ 260,085,000 | $ 214,000 | $ 115,000 |
| Cochise | 5,751 | $ 1,271,145,000 | $ 221,000 | $ 211,000 |
| Coconino | 5,517 | $ 2,381,685,000 | $ 431,000 | $ 236,000 |
| Gila | 2,805 | $ 789,875,000 | $ 281,000 | $ 144,000 |
| Graham | 1,677 | $ 383,865,000 | $ 228,000 | $ 247,000 |
| Greenlee | 164 | $ 27,190,000 | $ 165,000 | $ 303,000 |
| La Paz | 469 | $ 105,965,000 | $ 225,000 | $ 126,000 |
| Maricopa | 214,286 | $ 79,709,885,000 | $ 371,000 | $ 170,000 |
| Mohave | 12,799 | $ 3,203,495,000 | $ 250,000 | $ 128,000 |
| Navajo | 4,326 | $ 1,222,760,000 | $ 282,000 | $ 150,000 |
| Pima | 47,182 | $ 13,156,610,000 | $ 278,000 | $ 126,000 |
| Pinal | 34,968 | $ 10,182,295,000 | $ 291,000 | $ 117,000 |
| Santa Cruz | 2,129 | $ 471,865,000 | $ 221,000 | $ 106,000 |
| Yavapai | 14,308 | $ 4,580,030,000 | $ 320,000 | $ 145,000 |
| Yuma | 9,075 | $ 2,095,815,000 | $ 230,000 | $ 95,000 |
Our comprehensive HMDA mortgage statistics offer invaluable insights into Arizona's 2025 lending landscape. By analyzing detailed data on mortgage applications, loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can identify key trends shaping the state's housing market.
This in-depth information enables real estate experts, financial analysts, and policymakers to monitor market shifts, assess borrower demographics, and evaluate lender performance effectively.
Leverage this powerful data to make informed decisions, conduct thorough market research, and stay ahead in the evolving mortgage industry.
To gain a deeper understanding of Arizona's mortgage lending environment, download the comprehensive list of lenders and their aggregated HMDA statistics today.
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