Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2008
In 2008, Nova Financial & Investment Corporation of Tucson, AZ reported 3,267 mortgage applications totaling $691.1 million, up 6% from 2007. The average application was for $211,535, and applicants reported an average income of $96,255. 100% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Tucson, AZ (2,298), Phoenix-Mesa-Scottsdale, AZ (509) and Yuma, AZ (193) (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 | 3,267 |
| Total Mortgage Loan Application Amount | $691,088,000 |
| Average Mortgage Loan Application Amount | $211,535 |
| Highest Mortgage Loan Application Amount | $5,915,000 |
| Average Applicant Income | $96,255 |
| Highest Applicant Income | $2,337,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 2,298 | $ 472,782,000 | $ 205,736 | $ 94,000 |
| Maricopa, Arizona | 423 | $ 103,390,000 | $ 244,420 | $ 107,000 |
| Yuma, Arizona | 193 | $ 31,833,000 | $ 164,937 | $ 70,000 |
| Pinal, Arizona | 86 | $ 16,163,000 | $ 187,941 | $ 78,000 |
| Cochise, Arizona | 50 | $ 7,698,000 | $ 153,960 | $ 63,000 |
| Santa Cruz, Arizona | 36 | $ 7,149,000 | $ 198,583 | $ 125,000 |
| Graham, Arizona | 27 | $ 3,691,000 | $ 136,703 | $ 55,000 |
| Navajo, Arizona | 15 | $ 3,275,000 | $ 218,333 | $ 165,000 |
| San Diego, California | 15 | $ 12,016,000 | $ 801,066 | $ 349,000 |
| Yavapai, Arizona | 14 | $ 3,261,000 | $ 232,928 | $ 173,000 |
| St. Bernard, Louisiana | 14 | $ 1,918,000 | $ 137,000 | $ 45,000 |
| Coconino, Arizona | 6 | $ 1,909,000 | $ 318,166 | $ 189,000 |
| Gila, Arizona | 6 | $ 1,245,000 | $ 207,500 | $ 102,000 |
| Riverside, California | 4 | $ 848,000 | $ 212,000 | $ 103,000 |
| Clark, Nevada | 4 | $ 956,000 | $ 239,000 | $ 169,000 |
| Los Angeles, California | 3 | $ 828,000 | $ 276,000 | $ 93,000 |
| Orange, California | 3 | $ 971,000 | $ 323,666 | $ 344,000 |
| Ventura, California | 3 | $ 797,000 | $ 265,666 | $ 74,000 |
| King, Washington | 3 | $ 1,114,000 | $ 371,333 | $ 72,000 |
| Greenlee, Arizona | 2 | $ 490,000 | $ 245,000 | $ 95,000 |
| Mohave, Arizona | 2 | $ 373,000 | $ 186,500 | $ 104,000 |
| Fresno, California | 2 | $ 525,000 | $ 262,500 | $ 70,000 |
| El Paso, Colorado | 2 | $ 557,000 | $ 278,500 | $ 155,000 |
| La Plata, Colorado | 2 | $ 370,000 | $ 185,000 | $ 368,000 |
| Flathead, Montana | 2 | $ 478,000 | $ 239,000 | $ 360,000 |
| Santa Fe, New Mexico | 2 | $ 721,000 | $ 360,500 | $ 128,000 |
| Collin, Texas | 2 | $ 353,000 | $ 176,500 | $ 437,000 |
| Tarrant, Texas | 2 | $ 438,000 | $ 219,000 | $ 107,000 |
| Whatcom, Washington | 2 | $ 516,000 | $ 258,000 | $ 72,000 |
| Apache, Arizona | 1 | $ 180,000 | $ 180,000 | $ 52,000 |
| Alameda, California | 1 | $ 248,000 | $ 248,000 | $ 95,000 |
| Nevada, California | 1 | $ 292,000 | $ 292,000 | $ 106,000 |
| Placer, California | 1 | $ 154,000 | $ 154,000 | $ 36,000 |
| Sacramento, California | 1 | $ 168,000 | $ 168,000 | $ 50,000 |
| San Bernardino, California | 1 | $ 200,000 | $ 200,000 | $ 229,000 |
| Santa Barbara, California | 1 | $ 3,570,000 | $ 3,570,000 | $ 1,103,000 |
| Santa Cruz, California | 1 | $ 417,000 | $ 417,000 | $ 113,000 |
| Shasta, California | 1 | $ 403,000 | $ 403,000 | $ 84,000 |
| Sonoma, California | 1 | $ 289,000 | $ 289,000 | $ 248,000 |
| Arapahoe, Colorado | 1 | $ 250,000 | $ 250,000 | $ 112,000 |
| Boulder, Colorado | 1 | $ 224,000 | $ 224,000 | $ 148,000 |
| Denver, Colorado | 1 | $ 310,000 | $ 310,000 | $ 261,000 |
| Douglas, Colorado | 1 | $ 400,000 | $ 400,000 | $ 162,000 |
| Fremont, Colorado | 1 | $ 124,000 | $ 124,000 | $ 51,000 |
| Jefferson, Colorado | 1 | $ 417,000 | $ 417,000 | $ 77,000 |
| San Miguel, Colorado | 1 | $ 1,015,000 | $ 1,015,000 | $ 0 |
| Weld, Colorado | 1 | $ 175,000 | $ 175,000 | $ 39,000 |
| Johnson, Kansas | 1 | $ 223,000 | $ 223,000 | $ 100,000 |
| Hampden, Massachusetts | 1 | $ 333,000 | $ 333,000 | $ 120,000 |
| Mason, Michigan | 1 | $ 112,000 | $ 112,000 | $ 34,000 |
| Wayne, Michigan | 1 | $ 295,000 | $ 295,000 | $ 90,000 |
| Hennepin, Minnesota | 1 | $ 197,000 | $ 197,000 | $ 81,000 |
| Washoe, Nevada | 1 | $ 378,000 | $ 378,000 | $ 166,000 |
| Dona Ana, New Mexico | 1 | $ 150,000 | $ 150,000 | $ 70,000 |
| Sandoval, New Mexico | 1 | $ 177,000 | $ 177,000 | $ 137,000 |
| Saratoga, New York | 1 | $ 75,000 | $ 75,000 | $ 98,000 |
| Oklahoma, Oklahoma | 1 | $ 138,000 | $ 138,000 | $ 62,000 |
| Clackamas, Oregon | 1 | $ 179,000 | $ 179,000 | $ 104,000 |
| Multnomah, Oregon | 1 | $ 215,000 | $ 215,000 | $ 94,000 |
| Delaware, Pennsylvania | 1 | $ 332,000 | $ 332,000 | $ 101,000 |
| El Paso, Texas | 1 | $ 167,000 | $ 167,000 | $ 72,000 |
| Harris, Texas | 1 | $ 254,000 | $ 254,000 | $ 110,000 |
| Lubbock, Texas | 1 | $ 200,000 | $ 200,000 | $ 500,000 |
| Montgomery, Texas | 1 | $ 209,000 | $ 209,000 | $ 126,000 |
| Nueces, Texas | 1 | $ 77,000 | $ 77,000 | $ 35,000 |
| Travis, Texas | 1 | $ 282,000 | $ 282,000 | $ 84,000 |
| Weber, Utah | 1 | $ 201,000 | $ 201,000 | $ 130,000 |
| Loudoun, Virginia | 1 | $ 551,000 | $ 551,000 | $ 142,000 |
| Lincoln, Washington | 1 | $ 130,000 | $ 130,000 | $ 53,000 |
| Pacific, Washington | 1 | $ 162,000 | $ 162,000 | $ 120,000 |
| Dane, Wisconsin | 1 | $ 124,000 | $ 124,000 | $ 92,000 |
| Oneida, Wisconsin | 1 | $ 160,000 | $ 160,000 | $ 144,000 |
| Lincoln, Wyoming | 1 | $ 266,000 | $ 266,000 | $ 68,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2008
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 | 2,091 | $399,331,000 | $190,000 | $3,570,000 | $86,000 | $1,175,000 |
| Refinancing | 1,164 | $283,061,000 | $243,000 | $4,000,000 | $113,000 | $2,337,000 |
| Home Improvement | 12 | $8,696,000 | $724,000 | $5,915,000 | $259,000 | $2,029,000 |
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 | 2,417 | $539,266,000 | $223,000 | $5,915,000 | $104,000 | $2,337,000 |
| Hispanic | 614 | $102,682,000 | $167,000 | $4,000,000 | $66,000 | $1,400,000 |
| Not Provided | 215 | $44,659,000 | $207,000 | $1,313,000 | $95,000 | $649,000 |
| Black or African American | 14 | $2,882,000 | $205,000 | $400,000 | $68,000 | $141,000 |
| Asian | 5 | $1,296,000 | $259,000 | $417,000 | $112,000 | $201,000 |
| Native Hawaiian or Other Pacific Islander | 2 | $303,000 | $151,000 | $179,000 | $41,000 | $47,000 |
| Not applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| American Indian or Alaskan Native | 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) | 1,605 | $399,989,000 | $249,000 | $5,915,000 | $130,000 | $2,337,000 |
| FHA-insured (Federal Housing Administration) | 1,404 | $240,270,000 | $171,000 | $423,000 | $63,000 | $840,000 |
| VA-guaranteed (Veterans Administration) | 239 | $48,351,000 | $202,000 | $551,000 | $66,000 | $187,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 19 | $2,478,000 | $130,000 | $230,000 | $46,000 | $68,000 |
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 | 3,251 | $688,213,000 | $211,000 | $5,915,000 | $96,000 | $2,337,000 |
| Application Withdrawn By Applicant | 8 | $1,514,000 | $189,000 | $245,000 | $82,000 | $245,000 |
| File Closed For Incompleteness | 5 | $966,000 | $193,000 | $225,000 | $104,000 | $359,000 |
| Application Denied By Financial Institution | 3 | $395,000 | $131,000 | $148,000 | $58,000 | $93,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| 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 | 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 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2008 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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