Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2015
In 2015, Nova Financial & Investment Corporation of Tucson, AZ reported 19,116 mortgage applications totaling $4.0 billion, up 30% from 2014. The average application was for $207,066, and applicants reported an average income of $81,959. 71% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (6,538), Tucson, AZ (5,745) and Denver-Aurora-Lakewood, CO (3,334) (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 | 19,116 |
| Total Mortgage Loan Application Amount | $3,958,277,000 |
| Average Mortgage Loan Application Amount | $207,066 |
| Highest Mortgage Loan Application Amount | $1,924,000 |
| Average Applicant Income | $81,959 |
| Highest Applicant Income | $2,907,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 5,932 | $ 1,269,473,000 | $ 214,004 | $ 80,000 |
| Pima, Arizona | 5,745 | $ 1,014,991,000 | $ 176,673 | $ 78,000 |
| Clark, Nevada | 895 | $ 185,122,000 | $ 206,840 | $ 83,000 |
| Yuma, Arizona | 883 | $ 127,732,000 | $ 144,656 | $ 56,000 |
| Arapahoe, Colorado | 808 | $ 204,248,000 | $ 252,782 | $ 93,000 |
| Jefferson, Colorado | 709 | $ 188,446,000 | $ 265,791 | $ 97,000 |
| Douglas, Colorado | 613 | $ 190,979,000 | $ 311,548 | $ 111,000 |
| Pinal, Arizona | 606 | $ 95,097,000 | $ 156,925 | $ 61,000 |
| Denver, Colorado | 602 | $ 164,462,000 | $ 273,192 | $ 108,000 |
| Adams, Colorado | 472 | $ 107,303,000 | $ 227,336 | $ 75,000 |
| El Paso, Colorado | 401 | $ 99,291,000 | $ 247,608 | $ 86,000 |
| Cochise, Arizona | 297 | $ 42,778,000 | $ 144,033 | $ 65,000 |
| Weld, Colorado | 111 | $ 27,525,000 | $ 247,972 | $ 86,000 |
| Yavapai, Arizona | 84 | $ 16,960,000 | $ 201,904 | $ 70,000 |
| Santa Cruz, Arizona | 74 | $ 11,366,000 | $ 153,594 | $ 55,000 |
| Graham, Arizona | 69 | $ 9,875,000 | $ 143,115 | $ 85,000 |
| Navajo, Arizona | 64 | $ 11,151,000 | $ 174,234 | $ 124,000 |
| Boulder, Colorado | 63 | $ 18,596,000 | $ 295,174 | $ 130,000 |
| Coconino, Arizona | 44 | $ 9,082,000 | $ 206,409 | $ 112,000 |
| Elbert, Colorado | 44 | $ 13,828,000 | $ 314,272 | $ 105,000 |
| Broomfield, Colorado | 43 | $ 13,439,000 | $ 312,534 | $ 127,000 |
| Gila, Arizona | 39 | $ 7,258,000 | $ 186,102 | $ 113,000 |
| Mohave, Arizona | 32 | $ 4,857,000 | $ 151,781 | $ 64,000 |
| Larimer, Colorado | 31 | $ 7,601,000 | $ 245,193 | $ 103,000 |
| La Paz, Arizona | 28 | $ 4,641,000 | $ 165,750 | $ 88,000 |
| Park, Colorado | 25 | $ 5,402,000 | $ 216,080 | $ 62,000 |
| Los Angeles, California | 21 | $ 8,739,000 | $ 416,142 | $ 243,000 |
| Riverside, California | 21 | $ 4,379,000 | $ 208,523 | $ 93,000 |
| San Diego, California | 20 | $ 7,035,000 | $ 351,750 | $ 120,000 |
| Washoe, Nevada | 19 | $ 5,484,000 | $ 288,631 | $ 115,000 |
| Summit, Colorado | 14 | $ 5,918,000 | $ 422,714 | $ 256,000 |
| Teller, Colorado | 13 | $ 3,115,000 | $ 239,615 | $ 65,000 |
| Collin, Texas | 10 | $ 2,003,000 | $ 200,300 | $ 115,000 |
| King, Washington | 10 | $ 3,376,000 | $ 337,600 | $ 129,000 |
| Clear Creek, Colorado | 9 | $ 2,312,000 | $ 256,888 | $ 83,000 |
| Gilpin, Colorado | 9 | $ 2,108,000 | $ 234,222 | $ 60,000 |
| Dallas, Texas | 9 | $ 1,841,000 | $ 204,555 | $ 164,000 |
| Orange, California | 8 | $ 2,681,000 | $ 335,125 | $ 93,000 |
| Grand, Colorado | 8 | $ 1,582,000 | $ 197,750 | $ 173,000 |
| Tarrant, Texas | 8 | $ 1,173,000 | $ 146,625 | $ 72,000 |
| Dona Ana, New Mexico | 7 | $ 1,451,000 | $ 207,285 | $ 82,000 |
| Monterey, California | 6 | $ 1,913,000 | $ 318,833 | $ 98,000 |
| Nye, Nevada | 6 | $ 748,000 | $ 124,666 | $ 91,000 |
| Denton, Texas | 6 | $ 1,466,000 | $ 244,333 | $ 111,000 |
| Archuleta, Colorado | 5 | $ 1,184,000 | $ 236,800 | $ 62,000 |
| Chaffee, Colorado | 5 | $ 1,216,000 | $ 243,200 | $ 127,000 |
| Pueblo, Colorado | 5 | $ 1,020,000 | $ 204,000 | $ 71,000 |
| Harris, Texas | 5 | $ 1,887,000 | $ 377,400 | $ 189,000 |
| Apache, Arizona | 4 | $ 488,000 | $ 122,000 | $ 129,000 |
| Alameda, California | 4 | $ 1,873,000 | $ 468,250 | $ 129,000 |
| San Bernardino, California | 4 | $ 1,157,000 | $ 289,250 | $ 76,000 |
| Mesa, Colorado | 4 | $ 637,000 | $ 159,250 | $ 63,000 |
| Hillsborough, Florida | 4 | $ 1,036,000 | $ 259,000 | $ 140,000 |
| Taos, New Mexico | 4 | $ 865,000 | $ 216,250 | $ 173,000 |
| Salt Lake, Utah | 4 | $ 818,000 | $ 204,500 | $ 126,000 |
| Pierce, Washington | 4 | $ 1,089,000 | $ 272,250 | $ 182,000 |
| Greenlee, Arizona | 3 | $ 405,000 | $ 135,000 | $ 65,000 |
| Santa Clara, California | 3 | $ 2,674,000 | $ 891,333 | $ 212,000 |
| Eagle, Colorado | 3 | $ 874,000 | $ 291,333 | $ 85,000 |
| Garfield, Colorado | 3 | $ 825,000 | $ 275,000 | $ 103,000 |
| Moffat, Colorado | 3 | $ 507,000 | $ 169,000 | $ 74,000 |
| Routt, Colorado | 3 | $ 604,000 | $ 201,333 | $ 173,000 |
| Seminole, Florida | 3 | $ 737,000 | $ 245,666 | $ 128,000 |
| Bexar, Texas | 3 | $ 484,000 | $ 161,333 | $ 81,000 |
| Davis, Utah | 3 | $ 553,000 | $ 184,333 | $ 82,000 |
| Utah, Utah | 3 | $ 748,000 | $ 249,333 | $ 93,000 |
| Snohomish, Washington | 3 | $ 881,000 | $ 293,666 | $ 74,000 |
| Spokane, Washington | 3 | $ 333,000 | $ 111,000 | $ 122,000 |
| Anchorage, Alaska | 2 | $ 684,000 | $ 342,000 | $ 163,000 |
| Contra Costa, California | 2 | $ 790,000 | $ 395,000 | $ 105,000 |
| Imperial, California | 2 | $ 277,000 | $ 138,500 | $ 90,000 |
| Kern, California | 2 | $ 415,000 | $ 207,500 | $ 91,000 |
| Placer, California | 2 | $ 856,000 | $ 428,000 | $ 141,000 |
| Sacramento, California | 2 | $ 498,000 | $ 249,000 | $ 33,000 |
| Santa Barbara, California | 2 | $ 490,000 | $ 245,000 | $ 105,000 |
| Ventura, California | 2 | $ 905,000 | $ 452,500 | $ 151,000 |
| Fremont, Colorado | 2 | $ 672,000 | $ 336,000 | $ 87,000 |
| Montezuma, Colorado | 2 | $ 521,000 | $ 260,500 | $ 100,000 |
| Bay, Florida | 2 | $ 640,000 | $ 320,000 | $ 227,000 |
| Broward, Florida | 2 | $ 622,000 | $ 311,000 | $ 131,000 |
| Highlands, Florida | 2 | $ 185,000 | $ 92,500 | $ 23,000 |
| Orange, Florida | 2 | $ 670,000 | $ 335,000 | $ 143,000 |
| Bernalillo, New Mexico | 2 | $ 486,000 | $ 243,000 | $ 67,000 |
| San Juan, New Mexico | 2 | $ 213,000 | $ 106,500 | $ 122,000 |
| Washington, Oregon | 2 | $ 509,000 | $ 254,500 | $ 34,000 |
| Comal, Texas | 2 | $ 347,000 | $ 173,500 | $ 130,000 |
| Ellis, Texas | 2 | $ 428,000 | $ 214,000 | $ 135,000 |
| Hays, Texas | 2 | $ 616,000 | $ 308,000 | $ 70,000 |
| Lubbock, Texas | 2 | $ 414,000 | $ 207,000 | $ 142,000 |
| Smith, Texas | 2 | $ 268,000 | $ 134,000 | $ 54,000 |
| Travis, Texas | 2 | $ 373,000 | $ 186,500 | $ 83,000 |
| Kane, Utah | 2 | $ 343,000 | $ 171,500 | $ 126,000 |
| Weber, Utah | 2 | $ 255,000 | $ 127,500 | $ 47,000 |
| Matanuska-Susitna, Alaska | 1 | $ 261,000 | $ 261,000 | $ 142,000 |
| El Dorado, California | 1 | $ 385,000 | $ 385,000 | $ 116,000 |
| Fresno, California | 1 | $ 396,000 | $ 396,000 | $ 140,000 |
| Humboldt, California | 1 | $ 360,000 | $ 360,000 | $ 67,000 |
| Marin, California | 1 | $ 525,000 | $ 525,000 | $ 89,000 |
| Mono, California | 1 | $ 193,000 | $ 193,000 | $ 180,000 |
| Nevada, California | 1 | $ 200,000 | $ 200,000 | $ 91,000 |
| San Joaquin, California | 1 | $ 100,000 | $ 100,000 | $ 59,000 |
| Solano, California | 1 | $ 417,000 | $ 417,000 | $ 132,000 |
| Stanislaus, California | 1 | $ 120,000 | $ 120,000 | $ 94,000 |
| Alamosa, Colorado | 1 | $ 103,000 | $ 103,000 | $ 52,000 |
| Custer, Colorado | 1 | $ 201,000 | $ 201,000 | $ 122,000 |
| Gunnison, Colorado | 1 | $ 168,000 | $ 168,000 | $ 42,000 |
| La Plata, Colorado | 1 | $ 397,000 | $ 397,000 | $ 159,000 |
| Logan, Colorado | 1 | $ 108,000 | $ 108,000 | $ 42,000 |
| Phillips, Colorado | 1 | $ 177,000 | $ 177,000 | $ 93,000 |
| Rio Blanco, Colorado | 1 | $ 103,000 | $ 103,000 | $ 62,000 |
| Rio Grande, Colorado | 1 | $ 375,000 | $ 375,000 | $ 57,000 |
| Saguache, Colorado | 1 | $ 288,000 | $ 288,000 | $ 89,000 |
| San Miguel, Colorado | 1 | $ 497,000 | $ 497,000 | $ 105,000 |
| Alachua, Florida | 1 | $ 208,000 | $ 208,000 | $ 151,000 |
| Duval, Florida | 1 | $ 124,000 | $ 124,000 | $ 40,000 |
| Lake, Florida | 1 | $ 170,000 | $ 170,000 | $ 196,000 |
| Nassau, Florida | 1 | $ 120,000 | $ 120,000 | $ 91,000 |
| Osceola, Florida | 1 | $ 279,000 | $ 279,000 | $ 123,000 |
| Sarasota, Florida | 1 | $ 300,000 | $ 300,000 | $ 96,000 |
| St. Lucie, Florida | 1 | $ 115,000 | $ 115,000 | $ 53,000 |
| Sumter, Florida | 1 | $ 210,000 | $ 210,000 | $ 38,000 |
| Cook, Illinois | 1 | $ 275,000 | $ 275,000 | $ 68,000 |
| Kane, Illinois | 1 | $ 226,000 | $ 226,000 | $ 79,000 |
| Lake, Illinois | 1 | $ 346,000 | $ 346,000 | $ 216,000 |
| McHenry, Illinois | 1 | $ 179,000 | $ 179,000 | $ 51,000 |
| Will, Illinois | 1 | $ 113,000 | $ 113,000 | $ 46,000 |
| Carson City, Nevada | 1 | $ 405,000 | $ 405,000 | $ 148,000 |
| Elko, Nevada | 1 | $ 168,000 | $ 168,000 | $ 39,000 |
| Lincoln, Nevada | 1 | $ 260,000 | $ 260,000 | $ 106,000 |
| Curry, New Mexico | 1 | $ 40,000 | $ 40,000 | $ 50,000 |
| Grant, New Mexico | 1 | $ 85,000 | $ 85,000 | $ 219,000 |
| Otero, New Mexico | 1 | $ 112,000 | $ 112,000 | $ 86,000 |
| San Miguel, New Mexico | 1 | $ 152,000 | $ 152,000 | $ 78,000 |
| Valencia, New Mexico | 1 | $ 154,000 | $ 154,000 | $ 65,000 |
| Clackamas, Oregon | 1 | $ 396,000 | $ 396,000 | $ 96,000 |
| Clatsop, Oregon | 1 | $ 125,000 | $ 125,000 | $ 171,000 |
| Deschutes, Oregon | 1 | $ 210,000 | $ 210,000 | $ 147,000 |
| Hood River, Oregon | 1 | $ 390,000 | $ 390,000 | $ 186,000 |
| Bell, Texas | 1 | $ 272,000 | $ 272,000 | $ 54,000 |
| Brazos, Texas | 1 | $ 270,000 | $ 270,000 | $ 190,000 |
| Galveston, Texas | 1 | $ 352,000 | $ 352,000 | $ 248,000 |
| Guadalupe, Texas | 1 | $ 103,000 | $ 103,000 | $ 152,000 |
| Howard, Texas | 1 | $ 60,000 | $ 60,000 | $ 51,000 |
| Lampasas, Texas | 1 | $ 175,000 | $ 175,000 | $ 78,000 |
| Midland, Texas | 1 | $ 278,000 | $ 278,000 | $ 130,000 |
| Montgomery, Texas | 1 | $ 130,000 | $ 130,000 | $ 44,000 |
| Tom Green, Texas | 1 | $ 285,000 | $ 285,000 | $ 152,000 |
| Victoria, Texas | 1 | $ 172,000 | $ 172,000 | $ 79,000 |
| Iron, Utah | 1 | $ 297,000 | $ 297,000 | $ 108,000 |
| Benton, Washington | 1 | $ 180,000 | $ 180,000 | $ 44,000 |
| Island, Washington | 1 | $ 484,000 | $ 484,000 | $ 214,000 |
| Mason, Washington | 1 | $ 168,000 | $ 168,000 | $ 116,000 |
| Thurston, Washington | 1 | $ 316,000 | $ 316,000 | $ 56,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2015
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 | 12,287 | $2,520,849,000 | $205,000 | $1,924,000 | $83,000 | $2,688,000 |
| Refinancing | 6,630 | $1,397,227,000 | $210,000 | $1,830,000 | $80,000 | $2,907,000 |
| Home Improvement | 199 | $40,201,000 | $202,000 | $963,000 | $83,000 | $663,000 |
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 | 13,712 | $3,012,350,000 | $219,000 | $1,924,000 | $89,000 | $2,688,000 |
| Hispanic | 3,901 | $624,299,000 | $160,000 | $1,350,000 | $58,000 | $786,000 |
| Not Provided | 491 | $109,850,000 | $223,000 | $1,750,000 | $98,000 | $2,907,000 |
| Black or African American | 449 | $90,867,000 | $202,000 | $522,000 | $69,000 | $372,000 |
| Asian | 431 | $94,478,000 | $219,000 | $1,750,000 | $88,000 | $1,358,000 |
| Native Hawaiian or Other Pacific Islander | 84 | $17,138,000 | $204,000 | $800,000 | $95,000 | $441,000 |
| American Indian or Alaskan Native | 48 | $9,295,000 | $193,000 | $583,000 | $61,000 | $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) | 9,692 | $2,166,410,000 | $223,000 | $1,924,000 | $105,000 | $2,907,000 |
| FHA-insured (Federal Housing Administration) | 7,046 | $1,249,673,000 | $177,000 | $635,000 | $55,000 | $1,920,000 |
| VA-guaranteed (Veterans Administration) | 2,080 | $499,240,000 | $240,000 | $1,093,000 | $73,000 | $443,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 298 | $42,954,000 | $144,000 | $385,000 | $49,000 | $112,000 |
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 | 13,642 | $2,816,955,000 | $206,000 | $1,348,000 | $81,000 | $2,688,000 |
| Application Withdrawn By Applicant | 3,766 | $795,193,000 | $211,000 | $1,924,000 | $87,000 | $2,907,000 |
| File Closed For Incompleteness | 1,145 | $243,166,000 | $212,000 | $1,155,000 | $82,000 | $966,000 |
| Application Denied By Financial Institution | 561 | $102,651,000 | $182,000 | $918,000 | $71,000 | $1,920,000 |
| Application Approved But Not Accepted | 2 | $312,000 | $156,000 | $176,000 | $77,000 | $88,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 200 | $35,384,000 | $176,000 | $900,000 | $68,000 | $360,000 |
| Employment History | 108 | $21,258,000 | $196,000 | $918,000 | $57,000 | $275,000 |
| Credit History | 107 | $19,911,000 | $186,000 | $900,000 | $90,000 | $1,920,000 |
| Collateral | 75 | $13,594,000 | $181,000 | $788,000 | $84,000 | $439,000 |
| Debt-To-Income Ratio | 46 | $7,901,000 | $171,000 | $350,000 | $63,000 | $334,000 |
| Unverifiable Information | 21 | $3,972,000 | $189,000 | $380,000 | $52,000 | $140,000 |
| Credit Application Incomplete | 3 | $510,000 | $170,000 | $204,000 | $48,000 | $62,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $121,000 | $121,000 | $121,000 | $98,000 | $98,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2015 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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