Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2017

In 2017, Nova Financial & Investment Corporation of Tucson, AZ reported 20,321 mortgage applications totaling $4.6 billion, down 12% from 2016. The average application was for $224,121, and applicants reported an average income of $88,693. 69% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (6,338), Tucson, AZ (6,282) and Denver-Aurora-Lakewood, CO (3,201) (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 20,321
Total Mortgage Loan Application Amount $4,554,380,000
Average Mortgage Loan Application Amount $224,121
Highest Mortgage Loan Application Amount $4,800,000
Average Applicant Income $88,693
Highest Applicant Income $24,000,000

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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2017

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Pima, Arizona 6,282 $ 1,154,521,000 $ 183,782 $ 81,000
Maricopa, Arizona 5,565 $ 1,307,049,000 $ 234,869 $ 88,000
Clark, Nevada 1,000 $ 220,023,000 $ 220,023 $ 106,000
Yuma, Arizona 995 $ 151,716,000 $ 152,478 $ 62,000
Pinal, Arizona 773 $ 131,352,000 $ 169,924 $ 68,000
Arapahoe, Colorado 737 $ 206,085,000 $ 279,626 $ 97,000
Jefferson, Colorado 681 $ 217,242,000 $ 319,004 $ 110,000
Denver, Colorado 626 $ 199,381,000 $ 318,500 $ 112,000
Cochise, Arizona 591 $ 83,355,000 $ 141,040 $ 66,000
Adams, Colorado 524 $ 139,018,000 $ 265,301 $ 84,000
El Paso, Colorado 499 $ 130,812,000 $ 262,148 $ 93,000
Douglas, Colorado 483 $ 172,119,000 $ 356,354 $ 129,000
San Diego, California 155 $ 78,188,000 $ 504,438 $ 173,000
Weld, Colorado 131 $ 34,650,000 $ 264,503 $ 92,000
Yavapai, Arizona 99 $ 21,459,000 $ 216,757 $ 89,000
Boulder, Colorado 90 $ 34,465,000 $ 382,944 $ 154,000
Mohave, Arizona 74 $ 12,573,000 $ 169,905 $ 78,000
Santa Cruz, Arizona 64 $ 11,129,000 $ 173,890 $ 72,000
Broomfield, Colorado 63 $ 21,606,000 $ 342,952 $ 118,000
Graham, Arizona 58 $ 9,208,000 $ 158,758 $ 70,000
Navajo, Arizona 55 $ 8,316,000 $ 151,200 $ 107,000
Gila, Arizona 52 $ 10,114,000 $ 194,500 $ 100,000
La Paz, Arizona 52 $ 7,740,000 $ 148,846 $ 95,000
Larimer, Colorado 48 $ 13,649,000 $ 284,354 $ 126,000
Coconino, Arizona 47 $ 12,267,000 $ 261,000 $ 129,000
Elbert, Colorado 44 $ 16,144,000 $ 366,909 $ 96,000
Los Angeles, California 28 $ 16,961,000 $ 605,750 $ 218,000
Park, Colorado 26 $ 7,311,000 $ 281,192 $ 119,000
Riverside, California 24 $ 8,209,000 $ 342,041 $ 144,000
Eagle, Colorado 23 $ 10,620,000 $ 461,739 $ 238,000
Tarrant, Texas 20 $ 3,948,000 $ 197,400 $ 92,000
Nye, Nevada 17 $ 3,153,000 $ 185,470 $ 63,000
Teller, Colorado 15 $ 4,368,000 $ 291,200 $ 96,000
San Bernardino, California 14 $ 3,922,000 $ 280,142 $ 180,000
Clear Creek, Colorado 14 $ 3,431,000 $ 245,071 $ 97,000
Grand, Colorado 14 $ 3,832,000 $ 273,714 $ 200,000
Summit, Colorado 14 $ 4,687,000 $ 334,785 $ 182,000
Orange, California 12 $ 5,485,000 $ 457,083 $ 121,000
Dallas, Texas 11 $ 2,327,000 $ 211,545 $ 96,000
Archuleta, Colorado 10 $ 1,885,000 $ 188,500 $ 76,000
Collin, Texas 10 $ 2,482,000 $ 248,200 $ 75,000
Johnson, Texas 9 $ 1,372,000 $ 152,444 $ 64,000
Pueblo, Colorado 8 $ 1,291,000 $ 161,375 $ 91,000
Greenlee, Arizona 7 $ 456,000 $ 65,142 $ 62,000
Apache, Arizona 6 $ 731,000 $ 121,833 $ 116,000
Washoe, Nevada 6 $ 1,464,000 $ 244,000 $ 152,000
Cook, Illinois 5 $ 791,000 $ 158,200 $ 92,000
Bexar, Texas 5 $ 1,203,000 $ 240,600 $ 120,000
El Paso, Texas 5 $ 947,000 $ 189,400 $ 51,000
Harris, Texas 5 $ 1,251,000 $ 250,200 $ 153,000
Contra Costa, California 4 $ 1,798,000 $ 449,500 $ 140,000
Fresno, California 4 $ 1,036,000 $ 259,000 $ 223,000
Santa Clara, California 4 $ 4,457,000 $ 1,114,250 $ 293,000
Chaffee, Colorado 4 $ 800,000 $ 200,000 $ 150,000
Logan, Colorado 4 $ 522,000 $ 130,500 $ 44,000
Duval, Florida 4 $ 656,000 $ 164,000 $ 55,000
Lyon, Nevada 4 $ 627,000 $ 156,750 $ 119,000
Dona Ana, New Mexico 4 $ 903,000 $ 225,750 $ 108,000
Denton, Texas 4 $ 1,233,000 $ 308,250 $ 132,000
Midland, Texas 4 $ 645,000 $ 161,250 $ 57,000
Rockwall, Texas 4 $ 1,215,000 $ 303,750 $ 111,000
Williamson, Texas 4 $ 757,000 $ 189,250 $ 154,000
Marin, California 3 $ 1,976,000 $ 658,666 $ 246,000
Garfield, Colorado 3 $ 781,000 $ 260,333 $ 163,000
Gilpin, Colorado 3 $ 556,000 $ 185,333 $ 53,000
Morgan, Colorado 3 $ 260,000 $ 86,666 $ 66,000
Marion, Florida 3 $ 399,000 $ 133,000 $ 44,000
Grayson, Texas 3 $ 574,000 $ 191,333 $ 49,000
Montgomery, Texas 3 $ 799,000 $ 266,333 $ 136,000
Salt Lake, Utah 3 $ 728,000 $ 242,666 $ 143,000
Spokane, Washington 3 $ 697,000 $ 232,333 $ 85,000
Thurston, Washington 3 $ 691,000 $ 230,333 $ 49,000
El Dorado, California 2 $ 876,000 $ 438,000 $ 132,000
Merced, California 2 $ 542,000 $ 271,000 $ 108,000
Monterey, California 2 $ 1,233,000 $ 616,500 $ 176,000
Placer, California 2 $ 849,000 $ 424,500 $ 199,000
Sacramento, California 2 $ 345,000 $ 172,500 $ 85,000
San Luis Obispo, California 2 $ 856,000 $ 428,000 $ 85,000
Yolo, California 2 $ 990,000 $ 495,000 $ 175,000
Custer, Colorado 2 $ 282,000 $ 141,000 $ 147,000
Fremont, Colorado 2 $ 297,000 $ 148,500 $ 28,000
Gunnison, Colorado 2 $ 447,000 $ 223,500 $ 129,000
Kit Carson, Colorado 2 $ 206,000 $ 103,000 $ 50,000
Las Animas, Colorado 2 $ 250,000 $ 125,000 $ 43,000
Broward, Florida 2 $ 567,000 $ 283,500 $ 151,000
Hillsborough, Florida 2 $ 324,000 $ 162,000 $ 131,000
Pasco, Florida 2 $ 575,000 $ 287,500 $ 113,000
Lake, Illinois 2 $ 359,000 $ 179,500 $ 67,000
McHenry, Illinois 2 $ 486,000 $ 243,000 $ 107,000
Lincoln, Nevada 2 $ 275,000 $ 137,500 $ 67,000
Sandoval, New Mexico 2 $ 460,000 $ 230,000 $ 115,000
Deschutes, Oregon 2 $ 491,000 $ 245,500 $ 87,000
Jackson, Oregon 2 $ 491,000 $ 245,500 $ 224,000
Lane, Oregon 2 $ 410,000 $ 205,000 $ 105,000
Multnomah, Oregon 2 $ 605,000 $ 302,500 $ 111,000
Washington, Oregon 2 $ 461,000 $ 230,500 $ 98,000
Ellis, Texas 2 $ 231,000 $ 115,500 $ 43,000
Guadalupe, Texas 2 $ 435,000 $ 217,500 $ 84,000
Hood, Texas 2 $ 483,000 $ 241,500 $ 78,000
Parker, Texas 2 $ 541,000 $ 270,500 $ 125,000
Travis, Texas 2 $ 439,000 $ 219,500 $ 73,000
King, Washington 2 $ 767,000 $ 383,500 $ 112,000
Pierce, Washington 2 $ 588,000 $ 294,000 $ 113,000
Anchorage, Alaska 1 $ 225,000 $ 225,000 $ 83,000
Alameda, California 1 $ 630,000 $ 630,000 $ 180,000
Amador, California 1 $ 289,000 $ 289,000 $ 55,000
Imperial, California 1 $ 144,000 $ 144,000 $ 29,000
Kern, California 1 $ 200,000 $ 200,000 $ 61,000
Plumas, California 1 $ 160,000 $ 160,000 $ 106,000
San Mateo, California 1 $ 529,000 $ 529,000 $ 220,000
Santa Barbara, California 1 $ 688,000 $ 688,000 $ 230,000
Shasta, California 1 $ 269,000 $ 269,000 $ 87,000
Solano, California 1 $ 245,000 $ 245,000 $ 139,000
Stanislaus, California 1 $ 280,000 $ 280,000 $ 67,000
Ventura, California 1 $ 204,000 $ 204,000 $ 202,000
Alamosa, Colorado 1 $ 196,000 $ 196,000 $ 40,000
Dolores, Colorado 1 $ 210,000 $ 210,000 $ 92,000
Huerfano, Colorado 1 $ 300,000 $ 300,000 $ 120,000
Lincoln, Colorado 1 $ 136,000 $ 136,000 $ 63,000
Mesa, Colorado 1 $ 214,000 $ 214,000 $ 37,000
Montrose, Colorado 1 $ 351,000 $ 351,000 $ 149,000
Otero, Colorado 1 $ 207,000 $ 207,000 $ 38,000
Phillips, Colorado 1 $ 197,000 $ 197,000 $ 57,000
Routt, Colorado 1 $ 414,000 $ 414,000 $ 100,000
Saguache, Colorado 1 $ 90,000 $ 90,000 $ 130,000
San Miguel, Colorado 1 $ 155,000 $ 155,000 $ 52,000
Sedgwick, Colorado 1 $ 120,000 $ 120,000 $ 67,000
Yuma, Colorado 1 $ 244,000 $ 244,000 $ 93,000
Alachua, Florida 1 $ 121,000 $ 121,000 $ 88,000
Bay, Florida 1 $ 101,000 $ 101,000 $ 82,000
Brevard, Florida 1 $ 405,000 $ 405,000 $ 200,000
Collier, Florida 1 $ 388,000 $ 388,000 $ 167,000
Flagler, Florida 1 $ 100,000 $ 100,000 $ 116,000
Lee, Florida 1 $ 146,000 $ 146,000 $ 59,000
Leon, Florida 1 $ 103,000 $ 103,000 $ 80,000
Miami-Dade, Florida 1 $ 396,000 $ 396,000 $ 275,000
Monroe, Florida 1 $ 335,000 $ 335,000 $ 9,000
Okaloosa, Florida 1 $ 187,000 $ 187,000 $ 48,000
Palm Beach, Florida 1 $ 280,000 $ 280,000 $ 99,000
Pinellas, Florida 1 $ 380,000 $ 380,000 $ 85,000
Polk, Florida 1 $ 40,000 $ 40,000 $ 65,000
Santa Rosa, Florida 1 $ 240,000 $ 240,000 $ 68,000
St. Johns, Florida 1 $ 140,000 $ 140,000 $ 90,000
St. Lucie, Florida 1 $ 135,000 $ 135,000 $ 156,000
DuPage, Illinois 1 $ 202,000 $ 202,000 $ 120,000
Williamson, Illinois 1 $ 116,000 $ 116,000 $ 42,000
Elko, Nevada 1 $ 195,000 $ 195,000 $ 52,000
Eureka, Nevada 1 $ 142,000 $ 142,000 $ 128,000
White Pine, Nevada 1 $ 114,000 $ 114,000 $ 46,000
Bernalillo, New Mexico 1 $ 97,000 $ 97,000 $ 36,000
Eddy, New Mexico 1 $ 127,000 $ 127,000 $ 58,000
Hidalgo, New Mexico 1 $ 370,000 $ 370,000 $ 60,000
Luna, New Mexico 1 $ 56,000 $ 56,000 $ 85,000
Otero, New Mexico 1 $ 90,000 $ 90,000 $ 210,000
Roosevelt, New Mexico 1 $ 69,000 $ 69,000 $ 96,000
Santa Fe, New Mexico 1 $ 420,000 $ 420,000 $ 258,000
Clatsop, Oregon 1 $ 452,000 $ 452,000 $ 109,000
Douglas, Oregon 1 $ 177,000 $ 177,000 $ 120,000
Lincoln, Oregon 1 $ 176,000 $ 176,000 $ 418,000
Umatilla, Oregon 1 $ 72,000 $ 72,000 $ 69,000
Archer, Texas 1 $ 274,000 $ 274,000 $ 59,000
Bell, Texas 1 $ 280,000 $ 280,000 $ 103,000
Brazoria, Texas 1 $ 192,000 $ 192,000 $ 152,000
Brazos, Texas 1 $ 211,000 $ 211,000 $ 134,000
Caldwell, Texas 1 $ 290,000 $ 290,000 $ 92,000
Cherokee, Texas 1 $ 178,000 $ 178,000 $ 92,000
Comal, Texas 1 $ 150,000 $ 150,000 $ 52,000
Ector, Texas 1 $ 162,000 $ 162,000 $ 62,000
Galveston, Texas 1 $ 206,000 $ 206,000 $ 140,000
Hays, Texas 1 $ 160,000 $ 160,000 $ 30,000
Hunt, Texas 1 $ 127,000 $ 127,000 $ 35,000
Jack, Texas 1 $ 321,000 $ 321,000 $ 107,000
Kaufman, Texas 1 $ 134,000 $ 134,000 $ 48,000
McLennan, Texas 1 $ 310,000 $ 310,000 $ 179,000
Medina, Texas 1 $ 397,000 $ 397,000 $ 140,000
Randall, Texas 1 $ 424,000 $ 424,000 $ 80,000
Taylor, Texas 1 $ 236,000 $ 236,000 $ 70,000
Wilson, Texas 1 $ 275,000 $ 275,000 $ 91,000
Wise, Texas 1 $ 153,000 $ 153,000 $ 40,000
Kane, Utah 1 $ 180,000 $ 180,000 $ 20,000
Wasatch, Utah 1 $ 400,000 $ 400,000 $ 149,000
Washington, Utah 1 $ 285,000 $ 285,000 $ 67,000
Benton, Washington 1 $ 116,000 $ 116,000 $ 46,000
Kittitas, Washington 1 $ 350,000 $ 350,000 $ 150,000
Pend Oreille, Washington 1 $ 116,000 $ 116,000 $ 64,000
Skagit, Washington 1 $ 262,000 $ 262,000 $ 58,000
Snohomish, Washington 1 $ 380,000 $ 380,000 $ 85,000
Whatcom, Washington 1 $ 163,000 $ 163,000 $ 62,000

Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2017

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 14,881 $3,339,399,000 $224,000 $4,800,000 $89,000 $24,000,000
Refinancing 5,176 $1,159,754,000 $224,000 $2,195,000 $88,000 $1,170,000
Home Improvement 264 $55,227,000 $209,000 $715,000 $85,000 $336,000

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 13,890 $3,332,340,000 $239,000 $2,400,000 $95,000 $2,040,000
Hispanic 4,670 $823,288,000 $176,000 $1,450,000 $64,000 $1,012,000
Not Provided 604 $133,923,000 $221,000 $4,800,000 $138,000 $24,000,000
Black or African American 558 $120,206,000 $215,000 $974,000 $77,000 $624,000
Asian 457 $115,223,000 $252,000 $1,309,000 $105,000 $577,000
Native Hawaiian or Other Pacific Islander 83 $18,491,000 $222,000 $1,166,000 $98,000 $757,000
American Indian or Alaskan Native 59 $10,909,000 $184,000 $414,000 $65,000 $173,000
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) 11,825 $2,813,324,000 $237,000 $4,800,000 $106,000 $24,000,000
FHA-insured (Federal Housing Administration) 5,849 $1,106,947,000 $189,000 $1,400,000 $60,000 $1,110,000
VA-guaranteed (Veterans Administration) 2,309 $583,721,000 $252,000 $1,499,000 $80,000 $745,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 338 $50,388,000 $149,000 $331,000 $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 13,928 $3,123,922,000 $224,000 $1,832,000 $87,000 $1,613,000
Application Withdrawn By Applicant 4,275 $985,357,000 $230,000 $4,800,000 $99,000 $24,000,000
File Closed For Incompleteness 1,296 $289,259,000 $223,000 $1,950,000 $89,000 $984,000
Application Denied By Financial Institution 820 $155,310,000 $189,000 $2,195,000 $70,000 $745,000
Application Approved But Not Accepted 2 $532,000 $266,000 $320,000 $72,000 $96,000
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
Credit History 263 $49,395,000 $187,000 $550,000 $73,000 $745,000
Collateral 153 $22,744,000 $148,000 $455,000 $71,000 $340,000
Employment History 132 $27,298,000 $206,000 $2,195,000 $58,000 $703,000
Debt-To-Income Ratio 106 $21,762,000 $205,000 $515,000 $68,000 $394,000
Other 100 $20,710,000 $207,000 $1,955,000 $77,000 $613,000
Unverifiable Information 33 $7,018,000 $212,000 $566,000 $65,000 $157,000
Insufficient Cash (Downpayment, Closing Cost) 27 $4,718,000 $174,000 $580,000 $66,000 $380,000
Credit Application Incomplete 6 $1,665,000 $277,000 $424,000 $125,000 $380,000
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2017 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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