While much of its real estate transactional volume takes place in Maricopa County, the state of Arizona does offer one occasional challenge in the assembling of the LE.

Title premiums

In Arizona, title premiums are determined by zones, which can include groupings of counties. The premiums vary by zone. Additionally, the rounding amounts applied to the transactional consideration can vary by zone, which can occasionally create some confusion. While, in most states, the purchase and loan amount are rounded up to the nearest $1,000 for purposes of determining the title premium, those numbers are rounded up to the next $20,000 (or next $5,000 or next $10,000, depending on the underwriter).

For example, for some underwriters, a purchase and loan amount of $341,123 would be treated as $360,000 for some underwriters. While the difference might seem negligible on its face, it could be a difference of $10 to $20 for each and every loan file.

Statewide recording fees

Like many states, Arizona maintains flat, statewide recording fees.

Taxes

There are no transfer or mortgage taxes in Arizona.