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| $6,295,214,383,000 in Mortgage Loans Applied for in 2006 from 34,105,441 Applications |
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NOVA HOME LOANS
Mortgage Loans and Application Details
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| Mortgage Company Name |
NOVA HOME LOANS |
| Address | 6245 E. BROADWAY
TUCSON, AZ 85711 |
| Agency | Department of Housing and Urban Development (HUD) |
| Year | 2006 |
| All Data Years | 2005 2006 |
| Total Number of Mortgage Loan Applications Processed | 2,648 |
| Total Dollar Amount of Mortgage Loan Applications Processed | $512,169,000 |
| Average Mortgage Loan Amount Applied For | $204,470 |
| Highest Mortgage Loan Amount Applied For | $1,500,000 |
| Average Applicant Income | $130,686 |
| Highest Applicant Income | $1,500,000 |
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| Home Improvement |
4 | $74,000 |
$18,000 | $50,000 |
$84,000 | $211,000 |
| Home Purchase |
1,467 | $271,345,000 |
$184,000 | $1,000,000 |
$105,000 | $1,211,000 |
| Refinancing |
1,177 | $240,750,000 |
$204,000 | $1,500,000 |
$113,000 | $1,500,000 |
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| American Indian or Alaskan Native |
2 | $387,000 |
$193,000 | $227,000 |
$68,000 | $96,000 |
| Asian |
26 | $4,705,000 |
$180,000 | $679,000 |
$91,000 | $420,000 |
| Black or African American |
44 | $7,896,000 |
$179,000 | $397,000 |
$79,000 | $288,000 |
| Hispanic |
378 | $58,949,000 |
$155,000 | $708,000 |
$73,000 | $491,000 |
| Native Hawaiin or Other Pacific Islander |
1 | $82,000 |
$82,000 | $82,000 |
$21,000 | $21,000 |
| Not applicable |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Not Provided |
115 | $25,460,000 |
$221,000 | $977,000 |
$98,000 | $552,000 |
| White |
2,082 | $414,690,000 |
$199,000 | $1,500,000 |
$117,000 | $1,500,000 |
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| Conventional (any loan other than FHA, VA, FSA, or RHS loans) |
2,481 | $482,281,000 |
$194,000 | $1,500,000 |
$112,000 | $1,500,000 |
| FHA-insured (Federal Housing Administration) |
97 | $14,274,000 |
$147,000 | $248,000 |
$58,000 | $164,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| VA-guaranteed (Veterans Administration) |
70 | $15,614,000 |
$223,000 | $369,000 |
$66,000 | $138,000 |
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| Application Approved But Not Accepted |
31 | $6,877,000 |
$221,000 | $1,500,000 |
$88,000 | $334,000 |
| Application Denied By Financial Institution |
3 | $519,000 |
$173,000 | $207,000 |
$49,000 | $73,000 |
| Application Withdrawn By Applicant |
144 | $26,566,000 |
$184,000 | $1,150,000 |
$123,000 | $1,500,000 |
| File Closed For Incompleteness |
5 | $740,000 |
$148,000 | $290,000 |
$54,000 | $98,000 |
| Loan Originated |
2,465 | $477,467,000 |
$193,000 | $1,150,000 |
$108,000 | $1,211,000 |
| Loan Purchased By The Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Approved but not Accepted |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Preapproval Denied by Financial Institution |
0 | $0 |
$0 | $0 |
$0 | $0 |
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| Collateral |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit Application Incomplete |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Credit History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Debt-To-Income Ratio |
1 | $196,000 |
$196,000 | $196,000 |
$73,000 | $73,000 |
| Employment History |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Mortgage Insurance Denied |
0 | $0 |
$0 | $0 |
$0 | $0 |
| Other |
1 | $207,000 |
$207,000 | $207,000 |
$51,000 | $51,000 |
| Unverifiable Information |
1 | $116,000 |
$116,000 | $116,000 |
$25,000 | $25,000 |
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Mortgage Loan App Totals for NOVA HOME LOANS by:
Metropolitan Area And
County
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