Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2007
In 2007, Nova Financial & Investment Corporation of Tucson, AZ reported 3,076 mortgage applications totaling $657.8 million, up 16% from 2006. The average application was for $213,860, and applicants reported an average income of $132,697. 88% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Tucson, AZ (2,390), Phoenix-Mesa-Scottsdale, AZ (312) and Yuma, AZ (161) (applications in parentheses).
| Mortgage Company & Address | Nova Financial & Investment Corporation 6245 E. Broadway Blvd., Suite 400 Tucson, AZ 85711 Tel #: available with data download |
| Federal Regulator | * available with data download |
| Years | 2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 2005 |
| Total Number of Mortgage Applications | 3,076 |
| Total Mortgage Loan Application Amount | $657,834,000 |
| Average Mortgage Loan Application Amount | $213,860 |
| Highest Mortgage Loan Application Amount | $1,950,000 |
| Average Applicant Income | $132,697 |
| Highest Applicant Income | $1,886,000 |
About this data: figures come from the Home Mortgage Disclosure Act (HMDA) records Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans. Applications reported at $100 million or more are left out of these totals.
| County | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loans Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Pima, Arizona | 2,390 | $ 493,446,000 | $ 206,462 | $ 129,000 |
| Maricopa, Arizona | 262 | $ 78,180,000 | $ 298,396 | $ 182,000 |
| Yuma, Arizona | 161 | $ 27,525,000 | $ 170,962 | $ 85,000 |
| Pinal, Arizona | 50 | $ 9,629,000 | $ 192,580 | $ 80,000 |
| Cochise, Arizona | 43 | $ 6,615,000 | $ 153,837 | $ 95,000 |
| Santa Cruz, Arizona | 37 | $ 6,817,000 | $ 184,243 | $ 173,000 |
| Navajo, Arizona | 20 | $ 4,372,000 | $ 218,600 | $ 167,000 |
| San Diego, California | 12 | $ 5,178,000 | $ 431,500 | $ 407,000 |
| Coconino, Arizona | 8 | $ 1,976,000 | $ 247,000 | $ 275,000 |
| Graham, Arizona | 8 | $ 1,115,000 | $ 139,375 | $ 58,000 |
| Clark, Nevada | 5 | $ 960,000 | $ 192,000 | $ 233,000 |
| King, Washington | 5 | $ 2,077,000 | $ 415,400 | $ 218,000 |
| Gila, Arizona | 4 | $ 586,000 | $ 146,500 | $ 262,000 |
| Yavapai, Arizona | 4 | $ 590,000 | $ 147,500 | $ 59,000 |
| Los Angeles, California | 4 | $ 3,927,000 | $ 981,750 | $ 384,000 |
| Ada, Idaho | 4 | $ 818,000 | $ 204,500 | $ 146,000 |
| Denver, Colorado | 3 | $ 385,000 | $ 128,333 | $ 84,000 |
| Dona Ana, New Mexico | 3 | $ 451,000 | $ 150,333 | $ 106,000 |
| Fairfax, Virginia | 3 | $ 1,516,000 | $ 505,333 | $ 254,000 |
| Apache, Arizona | 2 | $ 293,000 | $ 146,500 | $ 216,000 |
| Butte, California | 2 | $ 208,000 | $ 104,000 | $ 36,000 |
| Orange, California | 2 | $ 697,000 | $ 348,500 | $ 315,000 |
| Riverside, California | 2 | $ 429,000 | $ 214,500 | $ 142,000 |
| Sacramento, California | 2 | $ 617,000 | $ 308,500 | $ 94,000 |
| San Bernardino, California | 2 | $ 386,000 | $ 193,000 | $ 57,000 |
| San Francisco, California | 2 | $ 814,000 | $ 407,000 | $ 107,000 |
| Adams, Colorado | 2 | $ 189,000 | $ 94,500 | $ 83,000 |
| Sandoval, New Mexico | 2 | $ 306,000 | $ 153,000 | $ 76,000 |
| Oklahoma, Oklahoma | 2 | $ 482,000 | $ 241,000 | $ 150,000 |
| Rogers, Oklahoma | 2 | $ 282,000 | $ 141,000 | $ 133,000 |
| Salt Lake, Utah | 2 | $ 411,000 | $ 205,500 | $ 53,000 |
| Snohomish, Washington | 2 | $ 460,000 | $ 230,000 | $ 91,000 |
| Mohave, Arizona | 1 | $ 177,000 | $ 177,000 | $ 86,000 |
| Imperial, California | 1 | $ 208,000 | $ 208,000 | $ 72,000 |
| Napa, California | 1 | $ 417,000 | $ 417,000 | $ 123,000 |
| Santa Clara, California | 1 | $ 425,000 | $ 425,000 | $ 111,000 |
| Shasta, California | 1 | $ 400,000 | $ 400,000 | $ 168,000 |
| Sonoma, California | 1 | $ 576,000 | $ 576,000 | $ 144,000 |
| Ventura, California | 1 | $ 340,000 | $ 340,000 | $ 50,000 |
| Arapahoe, Colorado | 1 | $ 171,000 | $ 171,000 | $ 48,000 |
| Douglas, Colorado | 1 | $ 203,000 | $ 203,000 | $ 223,000 |
| Montrose, Colorado | 1 | $ 50,000 | $ 50,000 | $ 41,000 |
| New London, Connecticut | 1 | $ 236,000 | $ 236,000 | $ 139,000 |
| Washington, Nebraska | 1 | $ 417,000 | $ 417,000 | $ 168,000 |
| Bernalillo, New Mexico | 1 | $ 284,000 | $ 284,000 | $ 90,000 |
| McKinley, New Mexico | 1 | $ 231,000 | $ 231,000 | $ 80,000 |
| Nassau, New York | 1 | $ 320,000 | $ 320,000 | $ 67,000 |
| Summit, Ohio | 1 | $ 151,000 | $ 151,000 | $ 150,000 |
| Clackamas, Oregon | 1 | $ 276,000 | $ 276,000 | $ 53,000 |
| Lincoln, Oregon | 1 | $ 195,000 | $ 195,000 | $ 153,000 |
| Linn, Oregon | 1 | $ 221,000 | $ 221,000 | $ 59,000 |
| Polk, Oregon | 1 | $ 167,000 | $ 167,000 | $ 90,000 |
| Washington, Oregon | 1 | $ 102,000 | $ 102,000 | $ 27,000 |
| Weber, Utah | 1 | $ 200,000 | $ 200,000 | $ 130,000 |
| Benton, Washington | 1 | $ 70,000 | $ 70,000 | $ 39,000 |
| Lincoln, Wyoming | 1 | $ 260,000 | $ 260,000 | $ 83,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2007
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 | 1,707 | $342,073,000 | $200,000 | $1,950,000 | $135,000 | $1,886,000 |
| Refinancing | 1,368 | $315,751,000 | $230,000 | $1,820,000 | $129,000 | $1,260,000 |
| Home Improvement | 1 | $10,000 | $10,000 | $10,000 | $1,260,000 | $1,260,000 |
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 | 2,536 | $552,687,000 | $217,000 | $1,950,000 | $141,000 | $1,886,000 |
| Hispanic | 386 | $71,182,000 | $184,000 | $840,000 | $86,000 | $1,008,000 |
| Not Provided | 88 | $18,550,000 | $210,000 | $819,000 | $109,000 | $1,750,000 |
| Asian | 33 | $7,397,000 | $224,000 | $900,000 | $123,000 | $428,000 |
| Black or African American | 21 | $5,477,000 | $260,000 | $720,000 | $104,000 | $600,000 |
| American Indian or Alaskan Native | 9 | $1,533,000 | $170,000 | $378,000 | $64,000 | $140,000 |
| Native Hawaiian or Other Pacific Islander | 3 | $1,008,000 | $336,000 | $660,000 | $212,000 | $269,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
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) | 2,800 | $610,668,000 | $218,000 | $1,950,000 | $139,000 | $1,886,000 |
| FHA-insured (Federal Housing Administration) | 198 | $31,279,000 | $157,000 | $291,000 | $63,000 | $546,000 |
| VA-guaranteed (Veterans Administration) | 78 | $15,887,000 | $203,000 | $350,000 | $66,000 | $154,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 2,703 | $582,176,000 | $215,000 | $1,820,000 | $133,000 | $1,886,000 |
| Application Withdrawn By Applicant | 315 | $66,928,000 | $212,000 | $1,950,000 | $130,000 | $1,138,000 |
| Application Approved But Not Accepted | 35 | $5,339,000 | $152,000 | $417,000 | $97,000 | $482,000 |
| File Closed For Incompleteness | 15 | $2,429,000 | $161,000 | $521,000 | $169,000 | $606,000 |
| Application Denied By Financial Institution | 8 | $962,000 | $120,000 | $177,000 | $187,000 | $1,138,000 |
| 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 |
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 |
|---|---|---|---|---|---|---|
| Unverifiable Information | 2 | $244,000 | $122,000 | $126,000 | $68,000 | $95,000 |
| Other | 1 | $97,000 | $97,000 | $97,000 | $37,000 | $37,000 |
| Credit History | 1 | $177,000 | $177,000 | $177,000 | $44,000 | $44,000 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2007 lending activity. By analyzing detailed data on mortgage applications, total loan amounts, applicant incomes, loan purposes, and approval rates, industry professionals, researchers, and analysts can gain a clear understanding of this lender's role in the mortgage market.
This in-depth HMDA data allows real estate experts, financial analysts, and policymakers to track lending trends, evaluate borrower demographics,
and assess Nova Financial & Investment Corporation's mortgage approval patterns.
Utilize this powerful dataset to analyze market performance, compare lending practices, and make data-driven decisions in the ever-changing mortgage industry.
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