Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2014
In 2014, Nova Financial & Investment Corporation of Tucson, AZ reported 14,670 mortgage applications totaling $2.9 billion, down 17% from 2013. The average application was for $195,946, and applicants reported an average income of $84,706. 70% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (5,584), Tucson, AZ (4,123) and Denver-Aurora-Lakewood, CO (2,248) (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 | 14,670 |
| Total Mortgage Loan Application Amount | $2,874,537,000 |
| Average Mortgage Loan Application Amount | $195,946 |
| Highest Mortgage Loan Application Amount | $2,150,000 |
| Average Applicant Income | $84,706 |
| Highest Applicant Income | $2,430,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Maricopa, Arizona | 5,030 | $ 999,583,000 | $ 198,724 | $ 84,000 |
| Pima, Arizona | 4,123 | $ 714,942,000 | $ 173,403 | $ 83,000 |
| Yuma, Arizona | 689 | $ 98,555,000 | $ 143,040 | $ 62,000 |
| Clark, Nevada | 583 | $ 107,583,000 | $ 184,533 | $ 81,000 |
| Pinal, Arizona | 554 | $ 84,094,000 | $ 151,794 | $ 66,000 |
| Arapahoe, Colorado | 550 | $ 129,350,000 | $ 235,181 | $ 88,000 |
| Denver, Colorado | 467 | $ 129,775,000 | $ 277,890 | $ 112,000 |
| Jefferson, Colorado | 450 | $ 106,392,000 | $ 236,426 | $ 93,000 |
| El Paso, Colorado | 433 | $ 97,073,000 | $ 224,187 | $ 82,000 |
| Douglas, Colorado | 404 | $ 122,030,000 | $ 302,054 | $ 113,000 |
| Adams, Colorado | 288 | $ 57,725,000 | $ 200,434 | $ 78,000 |
| Cochise, Arizona | 253 | $ 34,973,000 | $ 138,233 | $ 68,000 |
| Yavapai, Arizona | 87 | $ 15,685,000 | $ 180,287 | $ 80,000 |
| Santa Cruz, Arizona | 80 | $ 12,558,000 | $ 156,975 | $ 72,000 |
| Graham, Arizona | 65 | $ 10,027,000 | $ 154,261 | $ 62,000 |
| Weld, Colorado | 53 | $ 12,055,000 | $ 227,452 | $ 79,000 |
| Boulder, Colorado | 41 | $ 12,131,000 | $ 295,878 | $ 109,000 |
| Broomfield, Colorado | 34 | $ 9,804,000 | $ 288,352 | $ 133,000 |
| Navajo, Arizona | 33 | $ 5,107,000 | $ 154,757 | $ 166,000 |
| Coconino, Arizona | 23 | $ 5,448,000 | $ 236,869 | $ 217,000 |
| Elbert, Colorado | 23 | $ 6,263,000 | $ 272,304 | $ 101,000 |
| Park, Colorado | 23 | $ 5,232,000 | $ 227,478 | $ 97,000 |
| Larimer, Colorado | 21 | $ 5,111,000 | $ 243,380 | $ 105,000 |
| Gila, Arizona | 19 | $ 4,227,000 | $ 222,473 | $ 107,000 |
| Los Angeles, California | 18 | $ 5,830,000 | $ 323,888 | $ 86,000 |
| San Diego, California | 16 | $ 6,773,000 | $ 423,312 | $ 138,000 |
| Orange, California | 13 | $ 6,079,000 | $ 467,615 | $ 157,000 |
| Riverside, California | 11 | $ 3,130,000 | $ 284,545 | $ 130,000 |
| Mohave, Arizona | 10 | $ 1,702,000 | $ 170,200 | $ 65,000 |
| San Bernardino, California | 10 | $ 1,896,000 | $ 189,600 | $ 95,000 |
| La Paz, Arizona | 9 | $ 1,327,000 | $ 147,444 | $ 138,000 |
| Sacramento, California | 8 | $ 2,019,000 | $ 252,375 | $ 79,000 |
| Bexar, Texas | 8 | $ 1,388,000 | $ 173,500 | $ 87,000 |
| Clear Creek, Colorado | 7 | $ 1,840,000 | $ 262,857 | $ 85,000 |
| Summit, Colorado | 7 | $ 2,699,000 | $ 385,571 | $ 206,000 |
| Mesa, Colorado | 6 | $ 1,077,000 | $ 179,500 | $ 83,000 |
| Pueblo, Colorado | 6 | $ 787,000 | $ 131,166 | $ 69,000 |
| Santa Clara, California | 5 | $ 2,764,000 | $ 552,800 | $ 176,000 |
| Grand, Colorado | 5 | $ 1,645,000 | $ 329,000 | $ 179,000 |
| Dona Ana, New Mexico | 5 | $ 914,000 | $ 182,800 | $ 77,000 |
| Dallas, Texas | 5 | $ 698,000 | $ 139,600 | $ 104,000 |
| King, Washington | 5 | $ 1,682,000 | $ 336,400 | $ 134,000 |
| Apache, Arizona | 4 | $ 443,000 | $ 110,750 | $ 60,000 |
| Alameda, California | 4 | $ 1,857,000 | $ 464,250 | $ 128,000 |
| Chaffee, Colorado | 4 | $ 1,030,000 | $ 257,500 | $ 201,000 |
| Teller, Colorado | 4 | $ 740,000 | $ 185,000 | $ 64,000 |
| Bernalillo, New Mexico | 4 | $ 623,000 | $ 155,750 | $ 72,000 |
| Eddy, New Mexico | 4 | $ 637,000 | $ 159,250 | $ 52,000 |
| Multnomah, Oregon | 4 | $ 1,373,000 | $ 343,250 | $ 126,000 |
| Harris, Texas | 4 | $ 731,000 | $ 182,750 | $ 65,000 |
| Tarrant, Texas | 4 | $ 852,000 | $ 213,000 | $ 78,000 |
| Washington, Utah | 4 | $ 675,000 | $ 168,750 | $ 84,000 |
| Greenlee, Arizona | 3 | $ 275,000 | $ 91,666 | $ 116,000 |
| Fresno, California | 3 | $ 369,000 | $ 123,000 | $ 139,000 |
| Kern, California | 3 | $ 463,000 | $ 154,333 | $ 53,000 |
| Solano, California | 3 | $ 793,000 | $ 264,333 | $ 64,000 |
| Eagle, Colorado | 3 | $ 2,113,000 | $ 704,333 | $ 445,000 |
| Fremont, Colorado | 3 | $ 721,000 | $ 240,333 | $ 87,000 |
| Garfield, Colorado | 3 | $ 736,000 | $ 245,333 | $ 80,000 |
| Brevard, Florida | 3 | $ 904,000 | $ 301,333 | $ 172,000 |
| Pinellas, Florida | 3 | $ 679,000 | $ 226,333 | $ 80,000 |
| Volusia, Florida | 3 | $ 357,000 | $ 119,000 | $ 174,000 |
| Washington, Oregon | 3 | $ 672,000 | $ 224,000 | $ 120,000 |
| Denton, Texas | 3 | $ 703,000 | $ 234,333 | $ 83,000 |
| Tom Green, Texas | 3 | $ 343,000 | $ 114,333 | $ 68,000 |
| Williamson, Texas | 3 | $ 341,000 | $ 113,666 | $ 47,000 |
| Salt Lake, Utah | 3 | $ 797,000 | $ 265,666 | $ 94,000 |
| Utah, Utah | 3 | $ 849,000 | $ 283,000 | $ 148,000 |
| Monterey, California | 2 | $ 719,000 | $ 359,500 | $ 128,000 |
| Ventura, California | 2 | $ 927,000 | $ 463,500 | $ 230,000 |
| Gilpin, Colorado | 2 | $ 466,000 | $ 233,000 | $ 62,000 |
| Gunnison, Colorado | 2 | $ 804,000 | $ 402,000 | $ 116,000 |
| Morgan, Colorado | 2 | $ 278,000 | $ 139,000 | $ 170,000 |
| Lee, Florida | 2 | $ 498,000 | $ 249,000 | $ 169,000 |
| Cook, Illinois | 2 | $ 869,000 | $ 434,500 | $ 243,000 |
| Will, Illinois | 2 | $ 279,000 | $ 139,500 | $ 85,000 |
| Nye, Nevada | 2 | $ 252,000 | $ 126,000 | $ 70,000 |
| Washoe, Nevada | 2 | $ 445,000 | $ 222,500 | $ 182,000 |
| Grant, New Mexico | 2 | $ 185,000 | $ 92,500 | $ 120,000 |
| Santa Fe, New Mexico | 2 | $ 354,000 | $ 177,000 | $ 43,000 |
| Taos, New Mexico | 2 | $ 344,000 | $ 172,000 | $ 103,000 |
| Deschutes, Oregon | 2 | $ 591,000 | $ 295,500 | $ 93,000 |
| Bandera, Texas | 2 | $ 313,000 | $ 156,500 | $ 53,000 |
| Fort Bend, Texas | 2 | $ 420,000 | $ 210,000 | $ 81,000 |
| Guadalupe, Texas | 2 | $ 306,000 | $ 153,000 | $ 62,000 |
| Travis, Texas | 2 | $ 354,000 | $ 177,000 | $ 111,000 |
| Prince William, Virginia | 2 | $ 600,000 | $ 300,000 | $ 134,000 |
| Whatcom, Washington | 2 | $ 404,000 | $ 202,000 | $ 159,000 |
| Jefferson, Alabama | 1 | $ 101,000 | $ 101,000 | $ 115,000 |
| Tuscaloosa, Alabama | 1 | $ 125,000 | $ 125,000 | $ 131,000 |
| Anchorage, Alaska | 1 | $ 371,000 | $ 371,000 | $ 103,000 |
| Fairbanks North Star, Alaska | 1 | $ 430,000 | $ 430,000 | $ 400,000 |
| Kenai Peninsula, Alaska | 1 | $ 242,000 | $ 242,000 | $ 146,000 |
| Contra Costa, California | 1 | $ 417,000 | $ 417,000 | $ 397,000 |
| Imperial, California | 1 | $ 80,000 | $ 80,000 | $ 76,000 |
| Marin, California | 1 | $ 336,000 | $ 336,000 | $ 141,000 |
| Nevada, California | 1 | $ 195,000 | $ 195,000 | $ 32,000 |
| Placer, California | 1 | $ 250,000 | $ 250,000 | $ 111,000 |
| San Mateo, California | 1 | $ 158,000 | $ 158,000 | $ 49,000 |
| Santa Barbara, California | 1 | $ 234,000 | $ 234,000 | $ 19,000 |
| Sonoma, California | 1 | $ 549,000 | $ 549,000 | $ 119,000 |
| Tulare, California | 1 | $ 224,000 | $ 224,000 | $ 64,000 |
| Archuleta, Colorado | 1 | $ 364,000 | $ 364,000 | $ 80,000 |
| Custer, Colorado | 1 | $ 180,000 | $ 180,000 | $ 90,000 |
| Lake, Colorado | 1 | $ 368,000 | $ 368,000 | $ 310,000 |
| Montezuma, Colorado | 1 | $ 417,000 | $ 417,000 | $ 177,000 |
| Montrose, Colorado | 1 | $ 350,000 | $ 350,000 | $ 56,000 |
| Pitkin, Colorado | 1 | $ 645,000 | $ 645,000 | $ 121,000 |
| Routt, Colorado | 1 | $ 368,000 | $ 368,000 | $ 240,000 |
| San Miguel, Colorado | 1 | $ 620,000 | $ 620,000 | $ 148,000 |
| Broward, Florida | 1 | $ 243,000 | $ 243,000 | $ 90,000 |
| Citrus, Florida | 1 | $ 261,000 | $ 261,000 | $ 19,000 |
| Duval, Florida | 1 | $ 120,000 | $ 120,000 | $ 73,000 |
| Hillsborough, Florida | 1 | $ 326,000 | $ 326,000 | $ 174,000 |
| Jackson, Florida | 1 | $ 80,000 | $ 80,000 | $ 41,000 |
| Pasco, Florida | 1 | $ 61,000 | $ 61,000 | $ 31,000 |
| Sarasota, Florida | 1 | $ 231,000 | $ 231,000 | $ 158,000 |
| St. Johns, Florida | 1 | $ 245,000 | $ 245,000 | $ 113,000 |
| Montgomery, Illinois | 1 | $ 140,000 | $ 140,000 | $ 67,000 |
| Winnebago, Illinois | 1 | $ 92,000 | $ 92,000 | $ 100,000 |
| Johnson, Indiana | 1 | $ 114,000 | $ 114,000 | $ 48,000 |
| Douglas, Nevada | 1 | $ 270,000 | $ 270,000 | $ 48,000 |
| Luna, New Mexico | 1 | $ 67,000 | $ 67,000 | $ 270,000 |
| San Juan, New Mexico | 1 | $ 283,000 | $ 283,000 | $ 98,000 |
| San Miguel, New Mexico | 1 | $ 173,000 | $ 173,000 | $ 40,000 |
| Clackamas, Oregon | 1 | $ 237,000 | $ 237,000 | $ 80,000 |
| Rutherford, Tennessee | 1 | $ 206,000 | $ 206,000 | $ 82,000 |
| Shelby, Tennessee | 1 | $ 240,000 | $ 240,000 | $ 172,000 |
| Bell, Texas | 1 | $ 266,000 | $ 266,000 | $ 78,000 |
| Brazoria, Texas | 1 | $ 127,000 | $ 127,000 | $ 73,000 |
| Collin, Texas | 1 | $ 346,000 | $ 346,000 | $ 117,000 |
| Ector, Texas | 1 | $ 308,000 | $ 308,000 | $ 93,000 |
| Hays, Texas | 1 | $ 339,000 | $ 339,000 | $ 99,000 |
| Hunt, Texas | 1 | $ 180,000 | $ 180,000 | $ 58,000 |
| Lamar, Texas | 1 | $ 85,000 | $ 85,000 | $ 43,000 |
| Marion, Texas | 1 | $ 233,000 | $ 233,000 | $ 126,000 |
| Montgomery, Texas | 1 | $ 130,000 | $ 130,000 | $ 87,000 |
| Parker, Texas | 1 | $ 160,000 | $ 160,000 | $ 69,000 |
| Potter, Texas | 1 | $ 103,000 | $ 103,000 | $ 78,000 |
| Davis, Utah | 1 | $ 222,000 | $ 222,000 | $ 63,000 |
| Kane, Utah | 1 | $ 72,000 | $ 72,000 | $ 98,000 |
| Summit, Utah | 1 | $ 452,000 | $ 452,000 | $ 261,000 |
| Tooele, Utah | 1 | $ 105,000 | $ 105,000 | $ 30,000 |
| Fairfax, Virginia | 1 | $ 235,000 | $ 235,000 | $ 111,000 |
| Hampton, Virginia | 1 | $ 144,000 | $ 144,000 | $ 19,000 |
| Virginia Beach, Virginia | 1 | $ 174,000 | $ 174,000 | $ 200,000 |
| Douglas, Washington | 1 | $ 273,000 | $ 273,000 | $ 206,000 |
| Grant, Washington | 1 | $ 67,000 | $ 67,000 | $ 32,000 |
| Spokane, Washington | 1 | $ 362,000 | $ 362,000 | $ 117,000 |
| Yakima, Washington | 1 | $ 284,000 | $ 284,000 | $ 200,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2014
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 | 11,173 | $2,148,081,000 | $192,000 | $1,470,000 | $82,000 | $2,430,000 |
| Refinancing | 3,385 | $702,229,000 | $207,000 | $2,150,000 | $93,000 | $2,196,000 |
| Home Improvement | 112 | $24,227,000 | $216,000 | $687,000 | $104,000 | $508,000 |
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 | 10,384 | $2,161,578,000 | $208,000 | $2,000,000 | $93,000 | $2,430,000 |
| Hispanic | 2,946 | $446,884,000 | $151,000 | $1,429,000 | $59,000 | $728,000 |
| Not Provided | 494 | $99,623,000 | $201,000 | $2,150,000 | $76,000 | $1,115,000 |
| Black or African American | 407 | $77,717,000 | $190,000 | $700,000 | $74,000 | $397,000 |
| Asian | 342 | $70,166,000 | $205,000 | $1,087,000 | $99,000 | $494,000 |
| Native Hawaiian or Other Pacific Islander | 61 | $12,530,000 | $205,000 | $480,000 | $81,000 | $450,000 |
| American Indian or Alaskan Native | 36 | $6,039,000 | $167,000 | $413,000 | $62,000 | $179,000 |
| 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) | 7,986 | $1,669,068,000 | $208,000 | $2,150,000 | $103,000 | $2,430,000 |
| FHA-insured (Federal Housing Administration) | 4,513 | $746,979,000 | $165,000 | $636,000 | $59,000 | $401,000 |
| VA-guaranteed (Veterans Administration) | 1,686 | $388,024,000 | $230,000 | $839,000 | $78,000 | $424,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 485 | $70,466,000 | $145,000 | $321,000 | $47,000 | $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 | 10,287 | $2,016,789,000 | $196,000 | $2,000,000 | $85,000 | $2,430,000 |
| Application Withdrawn By Applicant | 2,868 | $574,076,000 | $200,000 | $2,150,000 | $87,000 | $2,196,000 |
| File Closed For Incompleteness | 971 | $189,685,000 | $195,000 | $1,087,000 | $85,000 | $579,000 |
| Application Denied By Financial Institution | 544 | $93,987,000 | $172,000 | $850,000 | $65,000 | $821,000 |
| 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 | 232 | $38,179,000 | $164,000 | $585,000 | $62,000 | $265,000 |
| Employment History | 86 | $16,733,000 | $194,000 | $850,000 | $61,000 | $546,000 |
| Credit History | 82 | $13,663,000 | $166,000 | $376,000 | $67,000 | $203,000 |
| Collateral | 61 | $10,765,000 | $176,000 | $625,000 | $85,000 | $821,000 |
| Debt-To-Income Ratio | 44 | $7,515,000 | $170,000 | $399,000 | $54,000 | $150,000 |
| Unverifiable Information | 38 | $6,893,000 | $181,000 | $480,000 | $65,000 | $223,000 |
| Mortgage Insurance Denied | 1 | $239,000 | $239,000 | $239,000 | $88,000 | $88,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 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 2014 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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