Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2013

In 2013, Nova Financial & Investment Corporation of Tucson, AZ reported 17,714 mortgage applications totaling $3.4 billion, down 3% from 2012. The average application was for $189,970, and applicants reported an average income of $85,081. 73% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Tucson, AZ (5,831), Phoenix-Mesa-Glendale, AZ (5,819) and Denver-Aurora-Broomfield, CO (2,528) (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 17,714
Total Mortgage Loan Application Amount $3,365,141,000
Average Mortgage Loan Application Amount $189,970
Highest Mortgage Loan Application Amount $2,000,000
Average Applicant Income $85,081
Highest Applicant Income $2,329,000

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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.

Mortgage Loan Application Totals for Nova Financial & Investment Corporation by County in 2013

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Pima, Arizona 5,831 $ 987,740,000 $ 169,394 $ 85,000
Maricopa, Arizona 5,098 $ 1,004,355,000 $ 197,009 $ 84,000
Yuma, Arizona 804 $ 110,159,000 $ 137,013 $ 55,000
Clark, Nevada 790 $ 142,775,000 $ 180,727 $ 81,000
Pinal, Arizona 721 $ 102,011,000 $ 141,485 $ 63,000
Arapahoe, Colorado 649 $ 141,203,000 $ 217,570 $ 93,000
Douglas, Colorado 555 $ 156,338,000 $ 281,690 $ 112,000
El Paso, Colorado 549 $ 116,188,000 $ 211,635 $ 84,000
Jefferson, Colorado 506 $ 119,143,000 $ 235,460 $ 98,000
Denver, Colorado 474 $ 111,899,000 $ 236,073 $ 106,000
Cochise, Arizona 342 $ 51,119,000 $ 149,470 $ 65,000
Adams, Colorado 250 $ 46,857,000 $ 187,428 $ 77,000
Yavapai, Arizona 145 $ 28,139,000 $ 194,062 $ 78,000
Graham, Arizona 71 $ 11,229,000 $ 158,154 $ 65,000
Boulder, Colorado 63 $ 19,244,000 $ 305,460 $ 137,000
Weld, Colorado 49 $ 11,788,000 $ 240,571 $ 93,000
Santa Cruz, Arizona 48 $ 7,865,000 $ 163,854 $ 75,000
Los Angeles, California 46 $ 17,855,000 $ 388,152 $ 128,000
Navajo, Arizona 38 $ 6,743,000 $ 177,447 $ 145,000
San Diego, California 37 $ 14,921,000 $ 403,270 $ 166,000
Coconino, Arizona 36 $ 7,802,000 $ 216,722 $ 157,000
Broomfield, Colorado 32 $ 8,845,000 $ 276,406 $ 115,000
Larimer, Colorado 30 $ 7,000,000 $ 233,333 $ 112,000
Elbert, Colorado 29 $ 7,933,000 $ 273,551 $ 117,000
Park, Colorado 26 $ 5,133,000 $ 197,423 $ 102,000
Cook, Illinois 25 $ 5,804,000 $ 232,160 $ 112,000
Eddy, New Mexico 23 $ 4,052,000 $ 176,173 $ 72,000
Riverside, California 19 $ 4,688,000 $ 246,736 $ 101,000
Summit, Colorado 19 $ 6,387,000 $ 336,157 $ 177,000
Teller, Colorado 19 $ 3,545,000 $ 186,578 $ 81,000
Mohave, Arizona 16 $ 2,716,000 $ 169,750 $ 111,000
Orange, California 16 $ 7,510,000 $ 469,375 $ 161,000
Gila, Arizona 15 $ 2,180,000 $ 145,333 $ 99,000
Santa Clara, California 13 $ 7,405,000 $ 569,615 $ 155,000
Sacramento, California 12 $ 3,184,000 $ 265,333 $ 128,000
San Bernardino, California 11 $ 2,679,000 $ 243,545 $ 125,000
Grand, Colorado 9 $ 2,247,000 $ 249,666 $ 217,000
Pueblo, Colorado 9 $ 1,285,000 $ 142,777 $ 67,000
Alameda, California 7 $ 2,821,000 $ 403,000 $ 149,000
Bexar, Texas 7 $ 986,000 $ 140,857 $ 61,000
Harris, Texas 7 $ 1,109,000 $ 158,428 $ 102,000
Contra Costa, California 6 $ 2,355,000 $ 392,500 $ 197,000
Ventura, California 6 $ 2,073,000 $ 345,500 $ 70,000
Sandoval, New Mexico 6 $ 1,151,000 $ 191,833 $ 103,000
King, Washington 6 $ 1,702,000 $ 283,666 $ 88,000
Apache, Arizona 5 $ 853,000 $ 170,600 $ 110,000
San Mateo, California 5 $ 3,899,000 $ 779,800 $ 217,000
Nye, Nevada 5 $ 689,000 $ 137,800 $ 61,000
Washoe, Nevada 5 $ 983,000 $ 196,600 $ 94,000
Lea, New Mexico 5 $ 1,084,000 $ 216,800 $ 83,000
Travis, Texas 5 $ 1,064,000 $ 212,800 $ 92,000
San Francisco, California 4 $ 1,923,000 $ 480,750 $ 220,000
San Luis Obispo, California 4 $ 1,267,000 $ 316,750 $ 144,000
Santa Barbara, California 4 $ 1,132,000 $ 283,000 $ 143,000
Clear Creek, Colorado 4 $ 600,000 $ 150,000 $ 54,000
Miami-Dade, Florida 4 $ 1,295,000 $ 323,750 $ 122,000
Pinellas, Florida 4 $ 632,000 $ 158,000 $ 88,000
Lake, Illinois 4 $ 493,000 $ 123,250 $ 118,000
Bernalillo, New Mexico 4 $ 752,000 $ 188,000 $ 71,000
Tarrant, Texas 4 $ 418,000 $ 104,500 $ 508,000
Pierce, Washington 4 $ 693,000 $ 173,250 $ 67,000
La Paz, Arizona 3 $ 820,000 $ 273,333 $ 58,000
Santa Cruz, California 3 $ 1,030,000 $ 343,333 $ 70,000
Sonoma, California 3 $ 1,067,000 $ 355,666 $ 107,000
Eagle, Colorado 3 $ 992,000 $ 330,666 $ 159,000
Gilpin, Colorado 3 $ 704,000 $ 234,666 $ 70,000
Dona Ana, New Mexico 3 $ 581,000 $ 193,666 $ 65,000
Santa Fe, New Mexico 3 $ 944,000 $ 314,666 $ 151,000
Taos, New Mexico 3 $ 515,000 $ 171,666 $ 48,000
Oklahoma, Oklahoma 3 $ 377,000 $ 125,666 $ 276,000
Bell, Texas 3 $ 436,000 $ 145,333 $ 56,000
Davis, Utah 3 $ 488,000 $ 162,666 $ 70,000
El Dorado, California 2 $ 485,000 $ 242,500 $ 103,000
Fresno, California 2 $ 367,000 $ 183,500 $ 111,000
Imperial, California 2 $ 295,000 $ 147,500 $ 92,000
Nevada, California 2 $ 447,000 $ 223,500 $ 200,000
Placer, California 2 $ 702,000 $ 351,000 $ 134,000
Sierra, California 2 $ 382,000 $ 191,000 $ 31,000
Chaffee, Colorado 2 $ 539,000 $ 269,500 $ 89,000
Fremont, Colorado 2 $ 320,000 $ 160,000 $ 75,000
La Plata, Colorado 2 $ 656,000 $ 328,000 $ 192,000
Broward, Florida 2 $ 238,000 $ 119,000 $ 105,000
Duval, Florida 2 $ 567,000 $ 283,500 $ 121,000
Okaloosa, Florida 2 $ 232,000 $ 116,000 $ 75,000
Sarasota, Florida 2 $ 212,000 $ 106,000 $ 81,000
McLean, Illinois 2 $ 125,000 $ 62,500 $ 40,000
Lane, Oregon 2 $ 596,000 $ 298,000 $ 114,000
Multnomah, Oregon 2 $ 650,000 $ 325,000 $ 245,000
Washington, Oregon 2 $ 305,000 $ 152,500 $ 137,000
Davidson, Tennessee 2 $ 353,000 $ 176,500 $ 231,000
Franklin, Tennessee 2 $ 834,000 $ 417,000 $ 345,000
Collin, Texas 2 $ 414,000 $ 207,000 $ 57,000
El Paso, Texas 2 $ 152,000 $ 76,000 $ 58,000
Hays, Texas 2 $ 451,000 $ 225,500 $ 68,000
Hidalgo, Texas 2 $ 448,000 $ 224,000 $ 73,000
Lubbock, Texas 2 $ 184,000 $ 92,000 $ 149,000
Rockwall, Texas 2 $ 484,000 $ 242,000 $ 99,000
Salt Lake, Utah 2 $ 277,000 $ 138,500 $ 346,000
Utah, Utah 2 $ 332,000 $ 166,000 $ 56,000
Chesterfield, Virginia 2 $ 442,000 $ 221,000 $ 89,000
Benton, Washington 2 $ 333,000 $ 166,500 $ 89,000
Island, Washington 2 $ 1,097,000 $ 548,500 $ 151,000
Snohomish, Washington 2 $ 466,000 $ 233,000 $ 375,000
Dallas, Alabama 1 $ 79,000 $ 79,000 $ 21,000
DeKalb, Alabama 1 $ 102,000 $ 102,000 $ 34,000
Mobile, Alabama 1 $ 72,000 $ 72,000 $ 16,000
Tuscaloosa, Alabama 1 $ 171,000 $ 171,000 $ 52,000
Greenlee, Arizona 1 $ 88,000 $ 88,000 $ 61,000
Kern, California 1 $ 185,000 $ 185,000 $ 74,000
Monterey, California 1 $ 320,000 $ 320,000 $ 120,000
Napa, California 1 $ 417,000 $ 417,000 $ 383,000
San Joaquin, California 1 $ 176,000 $ 176,000 $ 93,000
Shasta, California 1 $ 406,000 $ 406,000 $ 64,000
Stanislaus, California 1 $ 187,000 $ 187,000 $ 50,000
Tulare, California 1 $ 206,000 $ 206,000 $ 63,000
Yolo, California 1 $ 276,000 $ 276,000 $ 144,000
Archuleta, Colorado 1 $ 506,000 $ 506,000 $ 300,000
Bent, Colorado 1 $ 70,000 $ 70,000 $ 23,000
Custer, Colorado 1 $ 212,000 $ 212,000 $ 68,000
Garfield, Colorado 1 $ 185,000 $ 185,000 $ 75,000
Gunnison, Colorado 1 $ 180,000 $ 180,000 $ 99,000
Las Animas, Colorado 1 $ 67,000 $ 67,000 $ 60,000
Mesa, Colorado 1 $ 160,000 $ 160,000 $ 80,000
Montrose, Colorado 1 $ 249,000 $ 249,000 $ 130,000
Pitkin, Colorado 1 $ 452,000 $ 452,000 $ 111,000
Rio Grande, Colorado 1 $ 64,000 $ 64,000 $ 45,000
Routt, Colorado 1 $ 338,000 $ 338,000 $ 269,000
San Miguel, Colorado 1 $ 625,000 $ 625,000 $ 148,000
Alachua, Florida 1 $ 233,000 $ 233,000 $ 70,000
Bay, Florida 1 $ 71,000 $ 71,000 $ 36,000
Citrus, Florida 1 $ 261,000 $ 261,000 $ 94,000
Indian River, Florida 1 $ 374,000 $ 374,000 $ 145,000
Osceola, Florida 1 $ 100,000 $ 100,000 $ 66,000
Polk, Florida 1 $ 88,000 $ 88,000 $ 52,000
Santa Rosa, Florida 1 $ 260,000 $ 260,000 $ 86,000
St. Lucie, Florida 1 $ 68,000 $ 68,000 $ 83,000
Bannock, Idaho 1 $ 185,000 $ 185,000 $ 107,000
DuPage, Illinois 1 $ 140,000 $ 140,000 $ 107,000
Kendall, Illinois 1 $ 183,000 $ 183,000 $ 42,000
Macoupin, Illinois 1 $ 95,000 $ 95,000 $ 60,000
Montgomery, Illinois 1 $ 157,000 $ 157,000 $ 67,000
Ogle, Illinois 1 $ 82,000 $ 82,000 $ 55,000
St. Clair, Illinois 1 $ 250,000 $ 250,000 $ 99,000
Will, Illinois 1 $ 93,000 $ 93,000 $ 77,000
Allen, Indiana 1 $ 162,000 $ 162,000 $ 45,000
Boone, Indiana 1 $ 412,000 $ 412,000 $ 125,000
Dearborn, Indiana 1 $ 244,000 $ 244,000 $ 19,000
Hamilton, Indiana 1 $ 191,000 $ 191,000 $ 124,000
Grant, New Mexico 1 $ 89,000 $ 89,000 $ 160,000
Luna, New Mexico 1 $ 143,000 $ 143,000 $ 44,000
McKinley, New Mexico 1 $ 243,000 $ 243,000 $ 101,000
San Juan, New Mexico 1 $ 122,000 $ 122,000 $ 46,000
Cleveland, Oklahoma 1 $ 92,000 $ 92,000 $ 77,000
Jackson, Oklahoma 1 $ 250,000 $ 250,000 $ 90,000
Deschutes, Oregon 1 $ 126,000 $ 126,000 $ 42,000
Lincoln, Oregon 1 $ 218,000 $ 218,000 $ 136,000
Marion, Oregon 1 $ 165,000 $ 165,000 $ 41,000
Cheatham, Tennessee 1 $ 106,000 $ 106,000 $ 101,000
Knox, Tennessee 1 $ 130,000 $ 130,000 $ 56,000
Loudon, Tennessee 1 $ 252,000 $ 252,000 $ 48,000
Shelby, Tennessee 1 $ 82,000 $ 82,000 $ 120,000
Williamson, Tennessee 1 $ 133,000 $ 133,000 $ 25,000
Wilson, Tennessee 1 $ 96,000 $ 96,000 $ 25,000
Brown, Texas 1 $ 96,000 $ 96,000 $ 37,000
Coryell, Texas 1 $ 64,000 $ 64,000 $ 70,000
Dallas, Texas 1 $ 272,000 $ 272,000 $ 236,000
Denton, Texas 1 $ 153,000 $ 153,000 $ 106,000
Guadalupe, Texas 1 $ 175,000 $ 175,000 $ 64,000
Harrison, Texas 1 $ 247,000 $ 247,000 $ 19,000
Midland, Texas 1 $ 150,000 $ 150,000 $ 57,000
Nacogdoches, Texas 1 $ 142,000 $ 142,000 $ 78,000
Kane, Utah 1 $ 126,000 $ 126,000 $ 109,000
Arlington, Virginia 1 $ 414,000 $ 414,000 $ 131,000
Bedford, Virginia 1 $ 195,000 $ 195,000 $ 97,000
Danville, Virginia 1 $ 136,000 $ 136,000 $ 19,000
Prince William, Virginia 1 $ 429,000 $ 429,000 $ 150,000
Kitsap, Washington 1 $ 110,000 $ 110,000 $ 60,000
Mason, Washington 1 $ 355,000 $ 355,000 $ 151,000
Okanogan, Washington 1 $ 62,000 $ 62,000 $ 71,000
Skagit, Washington 1 $ 85,000 $ 85,000 $ 102,000
Spokane, Washington 1 $ 387,000 $ 387,000 $ 162,000
Thurston, Washington 1 $ 575,000 $ 575,000 $ 280,000

Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2013

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 11,179 $2,074,138,000 $185,000 $1,500,000 $80,000 $2,329,000
Refinancing 6,430 $1,270,933,000 $197,000 $2,000,000 $94,000 $2,018,000
Home Improvement 105 $20,070,000 $191,000 $650,000 $80,000 $275,000

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 13,220 $2,639,463,000 $199,000 $2,000,000 $91,000 $2,329,000
Hispanic 3,058 $456,458,000 $149,000 $1,715,000 $59,000 $658,000
Asian 469 $87,950,000 $187,000 $729,000 $91,000 $1,062,000
Not Provided 464 $91,139,000 $196,000 $955,000 $89,000 $1,582,000
Black or African American 386 $67,252,000 $174,000 $622,000 $67,000 $375,000
Native Hawaiian or Other Pacific Islander 73 $15,060,000 $206,000 $663,000 $93,000 $477,000
American Indian or Alaskan Native 44 $7,819,000 $177,000 $388,000 $68,000 $153,000
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) 10,187 $2,033,750,000 $199,000 $2,000,000 $104,000 $2,329,000
FHA-insured (Federal Housing Administration) 5,202 $866,679,000 $166,000 $868,000 $58,000 $444,000
VA-guaranteed (Veterans Administration) 1,823 $396,689,000 $217,000 $897,000 $70,000 $391,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 502 $68,023,000 $135,000 $306,000 $43,000 $120,000

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 12,861 $2,447,268,000 $190,000 $1,715,000 $85,000 $2,329,000
Application Withdrawn By Applicant 2,789 $533,897,000 $191,000 $2,000,000 $88,000 $1,582,000
File Closed For Incompleteness 1,460 $283,765,000 $194,000 $1,693,000 $86,000 $1,340,000
Application Denied By Financial Institution 604 $100,211,000 $165,000 $912,000 $69,000 $1,062,000
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 215 $32,320,000 $150,000 $471,000 $71,000 $1,062,000
Credit History 95 $16,099,000 $169,000 $655,000 $68,000 $228,000
Employment History 85 $15,156,000 $178,000 $600,000 $57,000 $225,000
Debt-To-Income Ratio 76 $13,426,000 $176,000 $912,000 $53,000 $188,000
Collateral 68 $11,188,000 $164,000 $625,000 $86,000 $475,000
Unverifiable Information 25 $5,576,000 $223,000 $820,000 $73,000 $180,000
Insufficient Cash (Downpayment, Closing Cost) 11 $1,551,000 $141,000 $250,000 $41,000 $86,000
Credit Application Incomplete 3 $551,000 $183,000 $270,000 $43,000 $52,000
Mortgage Insurance Denied 1 $111,000 $111,000 $111,000 $1,062,000 $1,062,000

Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2013 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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