Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2009
In 2009, Nova Financial & Investment Corporation of Tucson, AZ reported 9,554 mortgage applications totaling $1.7 billion, up 192% from 2008. The average application was for $179,796, and applicants reported an average income of $79,749. 78% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Tucson, AZ (5,420), Phoenix-Mesa-Scottsdale, AZ (1,997) and Yuma, AZ (285) (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 | 9,554 |
| Total Mortgage Loan Application Amount | $1,717,779,000 |
| Average Mortgage Loan Application Amount | $179,796 |
| Highest Mortgage Loan Application Amount | $1,800,000 |
| Average Applicant Income | $79,749 |
| Highest Applicant Income | $1,932,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 5,420 | $ 994,905,000 | $ 183,561 | $ 81,000 |
| Maricopa, Arizona | 1,866 | $ 323,052,000 | $ 173,125 | $ 76,000 |
| Yuma, Arizona | 285 | $ 41,418,000 | $ 145,326 | $ 56,000 |
| Cochise, Arizona | 142 | $ 22,495,000 | $ 158,415 | $ 63,000 |
| Pinal, Arizona | 131 | $ 16,172,000 | $ 123,450 | $ 63,000 |
| St. Bernard, Louisiana | 63 | $ 8,314,000 | $ 131,968 | $ 50,000 |
| Santa Cruz, Arizona | 46 | $ 8,838,000 | $ 192,130 | $ 74,000 |
| Navajo, Arizona | 37 | $ 8,016,000 | $ 216,648 | $ 160,000 |
| Graham, Arizona | 34 | $ 4,745,000 | $ 139,558 | $ 47,000 |
| Los Angeles, California | 29 | $ 9,203,000 | $ 317,344 | $ 103,000 |
| San Diego, California | 25 | $ 7,402,000 | $ 296,080 | $ 145,000 |
| Coconino, Arizona | 18 | $ 4,495,000 | $ 249,722 | $ 230,000 |
| Yavapai, Arizona | 17 | $ 3,563,000 | $ 209,588 | $ 66,000 |
| Gila, Arizona | 12 | $ 2,302,000 | $ 191,833 | $ 133,000 |
| Orleans, Louisiana | 9 | $ 1,353,000 | $ 150,333 | $ 55,000 |
| Orange, California | 8 | $ 2,746,000 | $ 343,250 | $ 232,000 |
| Sacramento, California | 8 | $ 1,969,000 | $ 246,125 | $ 75,000 |
| Greenlee, Arizona | 7 | $ 658,000 | $ 94,000 | $ 58,000 |
| Apache, Arizona | 6 | $ 964,000 | $ 160,666 | $ 96,000 |
| Mohave, Arizona | 5 | $ 602,000 | $ 120,400 | $ 123,000 |
| San Bernardino, California | 5 | $ 1,044,000 | $ 208,800 | $ 51,000 |
| Ventura, California | 5 | $ 1,787,000 | $ 357,400 | $ 121,000 |
| Dallas, Texas | 5 | $ 798,000 | $ 159,600 | $ 53,000 |
| Tarrant, Texas | 5 | $ 885,000 | $ 177,000 | $ 91,000 |
| Contra Costa, California | 4 | $ 1,346,000 | $ 336,500 | $ 109,000 |
| Riverside, California | 4 | $ 731,000 | $ 182,750 | $ 68,000 |
| El Paso, Colorado | 4 | $ 1,030,000 | $ 257,500 | $ 141,000 |
| Larimer, Colorado | 4 | $ 1,294,000 | $ 323,500 | $ 139,000 |
| Bexar, Texas | 4 | $ 970,000 | $ 242,500 | $ 86,000 |
| Travis, Texas | 4 | $ 901,000 | $ 225,250 | $ 88,000 |
| Alameda, California | 3 | $ 734,000 | $ 244,666 | $ 127,000 |
| El Dorado, California | 3 | $ 857,000 | $ 285,666 | $ 90,000 |
| Monterey, California | 3 | $ 931,000 | $ 310,333 | $ 151,000 |
| Placer, California | 3 | $ 758,000 | $ 252,666 | $ 91,000 |
| Sonoma, California | 3 | $ 1,480,000 | $ 493,333 | $ 151,000 |
| Arapahoe, Colorado | 3 | $ 578,000 | $ 192,666 | $ 59,000 |
| Bernalillo, New Mexico | 3 | $ 625,000 | $ 208,333 | $ 38,000 |
| Grant, New Mexico | 3 | $ 415,000 | $ 138,333 | $ 43,000 |
| Denton, Texas | 3 | $ 394,000 | $ 131,333 | $ 437,000 |
| El Paso, Texas | 3 | $ 336,000 | $ 112,000 | $ 89,000 |
| Salt Lake, Utah | 3 | $ 998,000 | $ 332,666 | $ 152,000 |
| Clark, Washington | 3 | $ 637,000 | $ 212,333 | $ 106,000 |
| King, Washington | 3 | $ 805,000 | $ 268,333 | $ 74,000 |
| Adams, Colorado | 2 | $ 521,000 | $ 260,500 | $ 88,000 |
| Boulder, Colorado | 2 | $ 350,000 | $ 175,000 | $ 211,000 |
| Douglas, Colorado | 2 | $ 550,000 | $ 275,000 | $ 82,000 |
| Eagle, Colorado | 2 | $ 701,000 | $ 350,500 | $ 80,000 |
| La Plata, Colorado | 2 | $ 405,000 | $ 202,500 | $ 306,000 |
| Weld, Colorado | 2 | $ 338,000 | $ 169,000 | $ 34,000 |
| St. Tammany, Louisiana | 2 | $ 287,000 | $ 143,500 | $ 69,000 |
| Wayne, Michigan | 2 | $ 553,000 | $ 276,500 | $ 91,000 |
| Dona Ana, New Mexico | 2 | $ 170,000 | $ 85,000 | $ 40,000 |
| Oklahoma, Oklahoma | 2 | $ 240,000 | $ 120,000 | $ 21,000 |
| Jackson, Oregon | 2 | $ 686,000 | $ 343,000 | $ 258,000 |
| Lincoln, Oregon | 2 | $ 430,000 | $ 215,000 | $ 122,000 |
| Washington, Oregon | 2 | $ 335,000 | $ 167,500 | $ 81,000 |
| Rockwall, Texas | 2 | $ 461,000 | $ 230,500 | $ 88,000 |
| Fairfax, Virginia | 2 | $ 780,000 | $ 390,000 | $ 137,000 |
| Pierce, Washington | 2 | $ 1,527,000 | $ 763,500 | $ 307,000 |
| Spokane, Washington | 2 | $ 187,000 | $ 93,500 | $ 23,000 |
| Whatcom, Washington | 2 | $ 580,000 | $ 290,000 | $ 68,000 |
| Anchorage, Alaska | 1 | $ 109,000 | $ 109,000 | $ 35,000 |
| La Paz, Arizona | 1 | $ 104,000 | $ 104,000 | $ 115,000 |
| Amador, California | 1 | $ 255,000 | $ 255,000 | $ 24,000 |
| Colusa, California | 1 | $ 272,000 | $ 272,000 | $ 60,000 |
| Fresno, California | 1 | $ 73,000 | $ 73,000 | $ 34,000 |
| Kern, California | 1 | $ 180,000 | $ 180,000 | $ 169,000 |
| Mono, California | 1 | $ 213,000 | $ 213,000 | $ 545,000 |
| San Francisco, California | 1 | $ 1,400,000 | $ 1,400,000 | $ 0 |
| San Joaquin, California | 1 | $ 382,000 | $ 382,000 | $ 163,000 |
| Santa Barbara, California | 1 | $ 1,800,000 | $ 1,800,000 | $ 720,000 |
| Santa Clara, California | 1 | $ 270,000 | $ 270,000 | $ 59,000 |
| Santa Cruz, California | 1 | $ 417,000 | $ 417,000 | $ 121,000 |
| Solano, California | 1 | $ 316,000 | $ 316,000 | $ 77,000 |
| Stanislaus, California | 1 | $ 208,000 | $ 208,000 | $ 154,000 |
| Tulare, California | 1 | $ 176,000 | $ 176,000 | $ 40,000 |
| Yuba, California | 1 | $ 171,000 | $ 171,000 | $ 85,000 |
| Chaffee, Colorado | 1 | $ 353,000 | $ 353,000 | $ 153,000 |
| Denver, Colorado | 1 | $ 132,000 | $ 132,000 | $ 24,000 |
| Garfield, Colorado | 1 | $ 150,000 | $ 150,000 | $ 70,000 |
| Gilpin, Colorado | 1 | $ 150,000 | $ 150,000 | $ 36,000 |
| Jefferson, Colorado | 1 | $ 328,000 | $ 328,000 | $ 281,000 |
| Mesa, Colorado | 1 | $ 208,000 | $ 208,000 | $ 78,000 |
| Park, Colorado | 1 | $ 277,000 | $ 277,000 | $ 181,000 |
| Fairfield, Connecticut | 1 | $ 181,000 | $ 181,000 | $ 41,000 |
| Litchfield, Connecticut | 1 | $ 242,000 | $ 242,000 | $ 99,000 |
| Tolland, Connecticut | 1 | $ 308,000 | $ 308,000 | $ 77,000 |
| Escambia, Florida | 1 | $ 51,000 | $ 51,000 | $ 90,000 |
| Orange, Florida | 1 | $ 125,000 | $ 125,000 | $ 50,000 |
| Palm Beach, Florida | 1 | $ 167,000 | $ 167,000 | $ 82,000 |
| Polk, Florida | 1 | $ 100,000 | $ 100,000 | $ 36,000 |
| Honolulu, Hawaii | 1 | $ 720,000 | $ 720,000 | $ 289,000 |
| Ada, Idaho | 1 | $ 417,000 | $ 417,000 | $ 144,000 |
| Bannock, Idaho | 1 | $ 211,000 | $ 211,000 | $ 99,000 |
| Black Hawk, Iowa | 1 | $ 141,000 | $ 141,000 | $ 79,000 |
| Lafourche, Louisiana | 1 | $ 136,000 | $ 136,000 | $ 51,000 |
| Kalamazoo, Michigan | 1 | $ 166,000 | $ 166,000 | $ 182,000 |
| Hennepin, Minnesota | 1 | $ 174,000 | $ 174,000 | $ 78,000 |
| Deer Lodge, Montana | 1 | $ 72,000 | $ 72,000 | $ 55,000 |
| Luna, New Mexico | 1 | $ 70,000 | $ 70,000 | $ 32,000 |
| San Miguel, New Mexico | 1 | $ 252,000 | $ 252,000 | $ 79,000 |
| Sandoval, New Mexico | 1 | $ 159,000 | $ 159,000 | $ 24,000 |
| Nassau, New York | 1 | $ 328,000 | $ 328,000 | $ 68,000 |
| Clatsop, Oregon | 1 | $ 179,000 | $ 179,000 | $ 81,000 |
| Lane, Oregon | 1 | $ 381,000 | $ 381,000 | $ 416,000 |
| Multnomah, Oregon | 1 | $ 104,000 | $ 104,000 | $ 27,000 |
| Brazoria, Texas | 1 | $ 173,000 | $ 173,000 | $ 44,000 |
| Brazos, Texas | 1 | $ 147,000 | $ 147,000 | $ 70,000 |
| Cameron, Texas | 1 | $ 136,000 | $ 136,000 | $ 109,000 |
| DeWitt, Texas | 1 | $ 250,000 | $ 250,000 | $ 1,620,000 |
| Fort Bend, Texas | 1 | $ 107,000 | $ 107,000 | $ 120,000 |
| Guadalupe, Texas | 1 | $ 193,000 | $ 193,000 | $ 24,000 |
| Harris, Texas | 1 | $ 258,000 | $ 258,000 | $ 24,000 |
| Hays, Texas | 1 | $ 218,000 | $ 218,000 | $ 163,000 |
| Hidalgo, Texas | 1 | $ 310,000 | $ 310,000 | $ 199,000 |
| Hopkins, Texas | 1 | $ 105,000 | $ 105,000 | $ 159,000 |
| Lubbock, Texas | 1 | $ 124,000 | $ 124,000 | $ 145,000 |
| Val Verde, Texas | 1 | $ 192,000 | $ 192,000 | $ 104,000 |
| Williamson, Texas | 1 | $ 147,000 | $ 147,000 | $ 53,000 |
| Fredericksburg, Virginia | 1 | $ 95,000 | $ 95,000 | $ 25,000 |
| Gloucester, Virginia | 1 | $ 185,000 | $ 185,000 | $ 588,000 |
| Mason, Washington | 1 | $ 60,000 | $ 60,000 | $ 49,000 |
| Okanogan, Washington | 1 | $ 65,000 | $ 65,000 | $ 64,000 |
| Snohomish, Washington | 1 | $ 205,000 | $ 205,000 | $ 131,000 |
| Yakima, Washington | 1 | $ 113,000 | $ 113,000 | $ 24,000 |
| Milwaukee, Wisconsin | 1 | $ 190,000 | $ 190,000 | $ 168,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2009
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 | 5,084 | $800,258,000 | $157,000 | $1,000,000 | $72,000 | $1,932,000 |
| Refinancing | 4,407 | $910,101,000 | $206,000 | $1,800,000 | $89,000 | $1,896,000 |
| Home Improvement | 63 | $7,420,000 | $117,000 | $615,000 | $58,000 | $192,000 |
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 | 6,553 | $1,247,799,000 | $190,000 | $1,500,000 | $84,000 | $1,743,000 |
| Hispanic | 1,702 | $242,030,000 | $142,000 | $850,000 | $48,000 | $924,000 |
| Not Provided | 857 | $152,315,000 | $177,000 | $1,800,000 | $118,000 | $1,932,000 |
| Black or African American | 200 | $30,351,000 | $151,000 | $417,000 | $54,000 | $294,000 |
| Asian | 186 | $36,502,000 | $196,000 | $850,000 | $89,000 | $417,000 |
| Native Hawaiian or Other Pacific Islander | 29 | $5,286,000 | $182,000 | $417,000 | $119,000 | $1,186,000 |
| American Indian or Alaskan Native | 27 | $3,496,000 | $129,000 | $253,000 | $60,000 | $150,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 4,468 | $675,341,000 | $151,000 | $573,000 | $49,000 | $1,062,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 4,176 | $875,884,000 | $209,000 | $1,800,000 | $119,000 | $1,932,000 |
| VA-guaranteed (Veterans Administration) | 804 | $151,439,000 | $188,000 | $729,000 | $52,000 | $529,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 106 | $15,115,000 | $142,000 | $301,000 | $48,000 | $102,000 |
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 | 7,490 | $1,354,586,000 | $180,000 | $1,500,000 | $76,000 | $1,743,000 |
| Application Withdrawn By Applicant | 1,422 | $247,968,000 | $174,000 | $1,419,000 | $100,000 | $1,932,000 |
| Application Denied By Financial Institution | 359 | $59,537,000 | $165,000 | $1,400,000 | $69,000 | $704,000 |
| File Closed For Incompleteness | 283 | $55,688,000 | $196,000 | $1,800,000 | $93,000 | $896,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 220 | $37,562,000 | $170,000 | $840,000 | $67,000 | $262,000 |
| Credit Application Incomplete | 44 | $8,253,000 | $187,000 | $1,400,000 | $66,000 | $192,000 |
| Collateral | 28 | $4,406,000 | $157,000 | $368,000 | $138,000 | $704,000 |
| Debt-To-Income Ratio | 24 | $3,264,000 | $136,000 | $367,000 | $65,000 | $227,000 |
| Credit History | 19 | $2,875,000 | $151,000 | $337,000 | $42,000 | $96,000 |
| Unverifiable Information | 13 | $1,735,000 | $133,000 | $286,000 | $50,000 | $112,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $868,000 | $144,000 | $275,000 | $38,000 | $57,000 |
| Employment History | 5 | $574,000 | $114,000 | $154,000 | $32,000 | $42,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2009 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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