Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2016

In 2016, Nova Financial & Investment Corporation of Tucson, AZ reported 23,178 mortgage applications totaling $5.0 billion, up 21% from 2015. The average application was for $216,658, and applicants reported an average income of $84,404. 70% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (7,528), Tucson, AZ (6,912) and Denver-Aurora-Lakewood, CO (3,746) (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
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Total Number of Mortgage Applications 23,178
Total Mortgage Loan Application Amount $5,021,719,000
Average Mortgage Loan Application Amount $216,658
Highest Mortgage Loan Application Amount $6,065,000
Average Applicant Income $84,404
Highest Applicant Income $6,300,000

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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2016

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Pima, Arizona 6,912 $ 1,230,317,000 $ 177,997 $ 77,000
Maricopa, Arizona 6,720 $ 1,524,068,000 $ 226,795 $ 83,000
Clark, Nevada 1,217 $ 260,440,000 $ 214,001 $ 88,000
Yuma, Arizona 1,182 $ 180,176,000 $ 152,433 $ 61,000
Arapahoe, Colorado 898 $ 239,423,000 $ 266,618 $ 99,000
Jefferson, Colorado 828 $ 241,808,000 $ 292,038 $ 98,000
Pinal, Arizona 808 $ 138,628,000 $ 171,569 $ 65,000
Denver, Colorado 734 $ 219,040,000 $ 298,419 $ 113,000
Douglas, Colorado 615 $ 203,080,000 $ 330,211 $ 117,000
Cochise, Arizona 578 $ 80,877,000 $ 139,925 $ 66,000
El Paso, Colorado 527 $ 130,537,000 $ 247,698 $ 84,000
Adams, Colorado 511 $ 124,347,000 $ 243,340 $ 79,000
San Diego, California 154 $ 74,334,000 $ 482,688 $ 187,000
Weld, Colorado 152 $ 40,674,000 $ 267,592 $ 87,000
Santa Cruz, Arizona 93 $ 15,999,000 $ 172,032 $ 86,000
Boulder, Colorado 87 $ 29,873,000 $ 343,367 $ 125,000
Yavapai, Arizona 82 $ 15,290,000 $ 186,463 $ 72,000
Navajo, Arizona 74 $ 11,777,000 $ 159,148 $ 104,000
Broomfield, Colorado 68 $ 21,911,000 $ 322,220 $ 118,000
La Paz, Arizona 59 $ 11,257,000 $ 190,796 $ 84,000
Larimer, Colorado 58 $ 16,070,000 $ 277,068 $ 130,000
Graham, Arizona 56 $ 7,966,000 $ 142,250 $ 70,000
Gila, Arizona 46 $ 7,579,000 $ 164,760 $ 83,000
Mohave, Arizona 43 $ 7,471,000 $ 173,744 $ 74,000
Coconino, Arizona 41 $ 10,061,000 $ 245,390 $ 157,000
Elbert, Colorado 34 $ 12,943,000 $ 380,676 $ 111,000
Los Angeles, California 33 $ 15,761,000 $ 477,606 $ 140,000
Park, Colorado 33 $ 8,482,000 $ 257,030 $ 86,000
Imperial, California 31 $ 5,014,000 $ 161,741 $ 58,000
Tarrant, Texas 27 $ 4,718,000 $ 174,740 $ 87,000
Riverside, California 25 $ 6,923,000 $ 276,920 $ 136,000
Orange, California 19 $ 10,685,000 $ 562,368 $ 190,000
Apache, Arizona 14 $ 2,173,000 $ 155,214 $ 97,000
Clear Creek, Colorado 14 $ 3,688,000 $ 263,428 $ 98,000
Teller, Colorado 14 $ 3,080,000 $ 220,000 $ 74,000
Summit, Colorado 13 $ 4,327,000 $ 332,846 $ 200,000
Collin, Texas 13 $ 3,442,000 $ 264,769 $ 165,000
San Bernardino, California 12 $ 2,009,000 $ 167,416 $ 69,000
Dallas, Texas 12 $ 2,227,000 $ 185,583 $ 104,000
King, Washington 12 $ 4,347,000 $ 362,250 $ 130,000
Gilpin, Colorado 11 $ 2,589,000 $ 235,363 $ 93,000
Pueblo, Colorado 11 $ 1,911,000 $ 173,727 $ 56,000
Harris, Texas 10 $ 2,301,000 $ 230,100 $ 89,000
Archuleta, Colorado 9 $ 1,784,000 $ 198,222 $ 66,000
Dona Ana, New Mexico 9 $ 1,663,000 $ 184,777 $ 124,000
Denton, Texas 9 $ 2,956,000 $ 328,444 $ 319,000
Eagle, Colorado 8 $ 3,636,000 $ 454,500 $ 143,000
Contra Costa, California 7 $ 4,294,000 $ 613,428 $ 145,000
Sacramento, California 7 $ 1,801,000 $ 257,285 $ 124,000
Santa Clara, California 6 $ 4,121,000 $ 686,833 $ 177,000
Fremont, Colorado 6 $ 1,081,000 $ 180,166 $ 63,000
Grand, Colorado 5 $ 1,409,000 $ 281,800 $ 156,000
Mesa, Colorado 5 $ 725,000 $ 145,000 $ 56,000
Cook, Illinois 5 $ 1,091,000 $ 218,200 $ 96,000
Nye, Nevada 5 $ 625,000 $ 125,000 $ 39,000
Washoe, Nevada 5 $ 1,640,000 $ 328,000 $ 131,000
Williamson, Texas 5 $ 896,000 $ 179,200 $ 135,000
Snohomish, Washington 5 $ 2,433,000 $ 486,600 $ 124,000
San Mateo, California 4 $ 2,789,000 $ 697,250 $ 176,000
Gunnison, Colorado 4 $ 1,002,000 $ 250,500 $ 166,000
Duval, Florida 4 $ 673,000 $ 168,250 $ 83,000
Miami-Dade, Florida 4 $ 1,667,000 $ 416,750 $ 305,000
Montgomery, Texas 4 $ 915,000 $ 228,750 $ 108,000
Clark, Washington 4 $ 1,055,000 $ 263,750 $ 112,000
Fresno, California 3 $ 405,000 $ 135,000 $ 149,000
Chaffee, Colorado 3 $ 518,000 $ 172,666 $ 82,000
Custer, Colorado 3 $ 608,000 $ 202,666 $ 98,000
Montrose, Colorado 3 $ 592,000 $ 197,333 $ 142,000
Routt, Colorado 3 $ 806,000 $ 268,666 $ 124,000
Broward, Florida 3 $ 800,000 $ 266,666 $ 108,000
Lake, Illinois 3 $ 715,000 $ 238,333 $ 101,000
Lincoln, Nevada 3 $ 602,000 $ 200,666 $ 49,000
Santa Fe, New Mexico 3 $ 599,000 $ 199,666 $ 64,000
Bandera, Texas 3 $ 476,000 $ 158,666 $ 46,000
Bexar, Texas 3 $ 1,038,000 $ 346,000 $ 101,000
Ector, Texas 3 $ 698,000 $ 232,666 $ 116,000
Travis, Texas 3 $ 3,774,000 $ 1,258,000 $ 527,000
Salt Lake, Utah 3 $ 630,000 $ 210,000 $ 85,000
Greenlee, Arizona 2 $ 204,000 $ 102,000 $ 82,000
Calaveras, California 2 $ 1,203,000 $ 601,500 $ 222,000
Humboldt, California 2 $ 426,000 $ 213,000 $ 52,000
Monterey, California 2 $ 601,000 $ 300,500 $ 112,000
Placer, California 2 $ 815,000 $ 407,500 $ 110,000
San Luis Obispo, California 2 $ 603,000 $ 301,500 $ 232,000
Santa Cruz, California 2 $ 1,157,000 $ 578,500 $ 148,000
Shasta, California 2 $ 776,000 $ 388,000 $ 96,000
Siskiyou, California 2 $ 316,000 $ 158,000 $ 33,000
Stanislaus, California 2 $ 457,000 $ 228,500 $ 17,000
Garfield, Colorado 2 $ 1,221,000 $ 610,500 $ 160,000
Huerfano, Colorado 2 $ 415,000 $ 207,500 $ 84,000
Lake, Colorado 2 $ 329,000 $ 164,500 $ 122,000
Morgan, Colorado 2 $ 397,000 $ 198,500 $ 117,000
Brevard, Florida 2 $ 405,000 $ 202,500 $ 225,000
Escambia, Florida 2 $ 400,000 $ 200,000 $ 76,000
Douglas, Nevada 2 $ 536,000 $ 268,000 $ 140,000
Lyon, Nevada 2 $ 386,000 $ 193,000 $ 60,000
Bernalillo, New Mexico 2 $ 450,000 $ 225,000 $ 143,000
Eddy, New Mexico 2 $ 133,000 $ 66,500 $ 27,000
Grant, New Mexico 2 $ 220,000 $ 110,000 $ 68,000
Luna, New Mexico 2 $ 181,000 $ 90,500 $ 46,000
Valencia, New Mexico 2 $ 182,000 $ 91,000 $ 47,000
Clackamas, Oregon 2 $ 706,000 $ 353,000 $ 150,000
Deschutes, Oregon 2 $ 396,000 $ 198,000 $ 54,000
Lane, Oregon 2 $ 388,000 $ 194,000 $ 51,000
Multnomah, Oregon 2 $ 646,000 $ 323,000 $ 10,000
Atascosa, Texas 2 $ 340,000 $ 170,000 $ 52,000
Bell, Texas 2 $ 216,000 $ 108,000 $ 16,000
Cooke, Texas 2 $ 541,000 $ 270,500 $ 118,000
Fort Bend, Texas 2 $ 397,000 $ 198,500 $ 50,000
Galveston, Texas 2 $ 636,000 $ 318,000 $ 129,000
Hood, Texas 2 $ 385,000 $ 192,500 $ 76,000
Summit, Utah 2 $ 867,000 $ 433,500 $ 238,000
Pierce, Washington 2 $ 441,000 $ 220,500 $ 317,000
Anchorage, Alaska 1 $ 126,000 $ 126,000 $ 72,000
Kenai Peninsula, Alaska 1 $ 176,000 $ 176,000 $ 235,000
Alameda, California 1 $ 280,000 $ 280,000 $ 180,000
Marin, California 1 $ 625,000 $ 625,000 $ 444,000
San Joaquin, California 1 $ 334,000 $ 334,000 $ 179,000
Santa Barbara, California 1 $ 610,000 $ 610,000 $ 143,000
Sonoma, California 1 $ 294,000 $ 294,000 $ 81,000
Ventura, California 1 $ 309,000 $ 309,000 $ 42,000
Alamosa, Colorado 1 $ 172,000 $ 172,000 $ 115,000
Delta, Colorado 1 $ 150,000 $ 150,000 $ 30,000
Kiowa, Colorado 1 $ 85,000 $ 85,000 $ 93,000
La Plata, Colorado 1 $ 305,000 $ 305,000 $ 178,000
Las Animas, Colorado 1 $ 241,000 $ 241,000 $ 72,000
Otero, Colorado 1 $ 173,000 $ 173,000 $ 86,000
Rio Grande, Colorado 1 $ 154,000 $ 154,000 $ 43,000
Saguache, Colorado 1 $ 63,000 $ 63,000 $ 90,000
Sedgwick, Colorado 1 $ 127,000 $ 127,000 $ 61,000
Yuma, Colorado 1 $ 205,000 $ 205,000 $ 41,000
Hillsborough, Florida 1 $ 415,000 $ 415,000 $ 298,000
Lee, Florida 1 $ 211,000 $ 211,000 $ 101,000
Manatee, Florida 1 $ 300,000 $ 300,000 $ 121,000
Okaloosa, Florida 1 $ 234,000 $ 234,000 $ 152,000
Orange, Florida 1 $ 222,000 $ 222,000 $ 146,000
Pasco, Florida 1 $ 333,000 $ 333,000 $ 176,000
Polk, Florida 1 $ 188,000 $ 188,000 $ 241,000
Putnam, Florida 1 $ 23,000 $ 23,000 $ 8,000
Santa Rosa, Florida 1 $ 108,000 $ 108,000 $ 79,000
Sarasota, Florida 1 $ 176,000 $ 176,000 $ 47,000
Seminole, Florida 1 $ 164,000 $ 164,000 $ 85,000
Sumter, Florida 1 $ 180,000 $ 180,000 $ 60,000
Walton, Florida 1 $ 258,000 $ 258,000 $ 119,000
Madison, Illinois 1 $ 110,000 $ 110,000 $ 81,000
St. Clair, Illinois 1 $ 335,000 $ 335,000 $ 131,000
Will, Illinois 1 $ 265,000 $ 265,000 $ 82,000
Sibley, Minnesota 1 $ 200,000 $ 200,000 $ 59,000
Carson City, Nevada 1 $ 285,000 $ 285,000 $ 32,000
Humboldt, Nevada 1 $ 150,000 $ 150,000 $ 0
White Pine, Nevada 1 $ 102,000 $ 102,000 $ 44,000
Chaves, New Mexico 1 $ 238,000 $ 238,000 $ 69,000
Lea, New Mexico 1 $ 113,000 $ 113,000 $ 96,000
McKinley, New Mexico 1 $ 161,000 $ 161,000 $ 148,000
San Juan, New Mexico 1 $ 103,000 $ 103,000 $ 84,000
Taos, New Mexico 1 $ 157,000 $ 157,000 $ 83,000
Polk, Oregon 1 $ 186,000 $ 186,000 $ 40,000
Washington, Oregon 1 $ 290,000 $ 290,000 $ 117,000
Bastrop, Texas 1 $ 183,000 $ 183,000 $ 84,000
Bosque, Texas 1 $ 201,000 $ 201,000 $ 102,000
Brazoria, Texas 1 $ 185,000 $ 185,000 $ 90,000
Brewster, Texas 1 $ 201,000 $ 201,000 $ 71,000
El Paso, Texas 1 $ 105,000 $ 105,000 $ 48,000
Ellis, Texas 1 $ 169,000 $ 169,000 $ 39,000
Grayson, Texas 1 $ 265,000 $ 265,000 $ 161,000
Hidalgo, Texas 1 $ 75,000 $ 75,000 $ 100,000
Johnson, Texas 1 $ 166,000 $ 166,000 $ 103,000
Kaufman, Texas 1 $ 174,000 $ 174,000 $ 72,000
Montague, Texas 1 $ 164,000 $ 164,000 $ 50,000
Utah, Utah 1 $ 235,000 $ 235,000 $ 46,000
Clallam, Washington 1 $ 118,000 $ 118,000 $ 32,000
Grays Harbor, Washington 1 $ 110,000 $ 110,000 $ 58,000
Kitsap, Washington 1 $ 407,000 $ 407,000 $ 96,000
Lewis, Washington 1 $ 175,000 $ 175,000 $ 71,000
Pend Oreille, Washington 1 $ 118,000 $ 118,000 $ 55,000
Spokane, Washington 1 $ 342,000 $ 342,000 $ 246,000
Thurston, Washington 1 $ 225,000 $ 225,000 $ 106,000
Whatcom, Washington 1 $ 253,000 $ 253,000 $ 54,000

Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2016

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 15,031 $3,188,281,000 $212,000 $3,000,000 $85,000 $6,300,000
Refinancing 7,836 $1,767,137,000 $225,000 $6,065,000 $83,000 $1,250,000
Home Improvement 311 $66,301,000 $213,000 $1,046,000 $91,000 $454,000

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 15,947 $3,690,237,000 $231,000 $3,000,000 $92,000 $4,958,000
Hispanic 5,000 $844,224,000 $168,000 $1,312,000 $59,000 $843,000
Not Provided 901 $190,108,000 $210,000 $6,065,000 $106,000 $6,300,000
Black or African American 605 $130,112,000 $215,000 $885,000 $72,000 $525,000
Asian 519 $123,733,000 $238,000 $2,460,000 $94,000 $1,213,000
Native Hawaiin or Other Pacific Islander 112 $24,183,000 $215,000 $612,000 $75,000 $291,000
American Indian or Alaskan Native 94 $19,122,000 $203,000 $590,000 $77,000 $317,000
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) 13,215 $3,056,315,000 $231,000 $6,065,000 $105,000 $6,300,000
FHA-insured (Federal Housing Administration) 7,093 $1,288,216,000 $181,000 $636,000 $54,000 $919,000
VA-guaranteed (Veterans Administration) 2,583 $635,592,000 $246,000 $1,400,000 $68,000 $775,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 287 $41,596,000 $144,000 $431,000 $45,000 $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 16,267 $3,537,870,000 $217,000 $2,460,000 $83,000 $4,958,000
Application Withdrawn By Applicant 4,792 $1,044,225,000 $217,000 $3,000,000 $90,000 $6,300,000
File Closed For Incompleteness 1,241 $270,507,000 $217,000 $1,333,000 $84,000 $1,070,000
Application Denied By Financial Institution 878 $169,117,000 $192,000 $6,065,000 $81,000 $3,642,000
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
Credit History 262 $52,089,000 $198,000 $6,065,000 $85,000 $3,642,000
Other 259 $50,198,000 $193,000 $1,040,000 $83,000 $975,000
Collateral 120 $16,317,000 $135,000 $417,000 $86,000 $1,452,000
Debt-To-Income Ratio 101 $21,963,000 $217,000 $2,252,000 $81,000 $1,002,000
Employment History 83 $18,424,000 $221,000 $2,800,000 $59,000 $480,000
Unverifiable Information 39 $7,150,000 $183,000 $370,000 $66,000 $172,000
Credit Application Incomplete 12 $2,612,000 $217,000 $459,000 $74,000 $191,000
Insufficient Cash (Downpayment, Closing Cost) 2 $364,000 $182,000 $200,000 $51,000 $53,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2016 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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