Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2019

In 2019, Nova Financial & Investment Corporation of Tucson, AZ reported 23,001 mortgage applications totaling $5.6 billion, up 18% from 2018. The average application was for $245,085, and applicants reported an average income of $91,911. 67% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Tucson, AZ (6,822), Phoenix-Mesa-Scottsdale, AZ (6,180) and Denver-Aurora-Lakewood, CO (2,764) (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 23,001
Total Mortgage Loan Application Amount $5,637,205,000
Average Mortgage Loan Application Amount $245,085
Highest Mortgage Loan Application Amount $5,495,000
Average Applicant Income $91,911
Highest Applicant Income $6,000,000

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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2019

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Pima, Arizona 6,822 $ 1,407,950,000 $ 206,383 $ 85,000
Maricopa, Arizona 5,334 $ 1,355,750,000 $ 254,171 $ 92,000
Yuma, Arizona 1,229 $ 201,595,000 $ 164,031 $ 65,000
Clark, Nevada 1,132 $ 299,000,000 $ 264,134 $ 92,000
Pinal, Arizona 846 $ 166,460,000 $ 196,761 $ 70,000
Cochise, Arizona 783 $ 138,045,000 $ 176,302 $ 70,000
Arapahoe, Colorado 691 $ 228,295,000 $ 330,383 $ 113,000
Denver, Colorado 607 $ 236,845,000 $ 390,189 $ 141,000
Jefferson, Colorado 559 $ 195,725,000 $ 350,134 $ 119,000
Douglas, Colorado 462 $ 186,610,000 $ 403,917 $ 143,000
Adams, Colorado 342 $ 104,150,000 $ 304,532 $ 91,000
Mohave, Arizona 316 $ 50,630,000 $ 160,221 $ 73,000
San Diego, California 296 $ 157,760,000 $ 532,972 $ 177,000
El Paso, Colorado 254 $ 73,240,000 $ 288,346 $ 94,000
Yavapai, Arizona 155 $ 35,635,000 $ 229,903 $ 87,000
Coconino, Arizona 154 $ 46,460,000 $ 301,688 $ 121,000
Weld, Colorado 108 $ 32,950,000 $ 305,092 $ 100,000
Boulder, Colorado 95 $ 41,425,000 $ 436,052 $ 163,000
Graham, Arizona 71 $ 12,115,000 $ 170,633 $ 95,000
Santa Cruz, Arizona 68 $ 12,220,000 $ 179,705 $ 77,000
Navajo, Arizona 63 $ 12,475,000 $ 198,015 $ 109,000
La Paz, Arizona 55 $ 9,535,000 $ 173,363 $ 88,000
Larimer, Colorado 44 $ 13,140,000 $ 298,636 $ 149,000
Gila, Arizona 42 $ 10,630,000 $ 253,095 $ 127,000
Broomfield, Colorado 35 $ 12,175,000 $ 347,857 $ 113,000
Elbert, Colorado 34 $ 14,070,000 $ 413,823 $ 116,000
Los Angeles, California 25 $ 14,115,000 $ 564,600 $ 168,000
Grand, Colorado 24 $ 8,830,000 $ 367,916 $ 183,000
Archuleta, Colorado 21 $ 4,785,000 $ 227,857 $ 74,000
Riverside, California 20 $ 6,100,000 $ 305,000 $ 142,000
Park, Colorado 20 $ 7,010,000 $ 350,500 $ 132,000
Harris, Texas 19 $ 4,305,000 $ 226,578 $ 74,000
Orange, California 16 $ 6,530,000 $ 408,125 $ 165,000
Nye, Nevada 16 $ 2,870,000 $ 179,375 $ 67,000
Apache, Arizona 13 $ 2,545,000 $ 195,769 $ 127,000
Clear Creek, Colorado 13 $ 5,215,000 $ 401,153 $ 125,000
Summit, Colorado 13 $ 4,485,000 $ 345,000 $ 233,000
Marion, Indiana 12 $ 2,290,000 $ 190,833 $ 79,000
Fort Bend, Texas 12 $ 2,680,000 $ 223,333 $ 118,000
Pueblo, Colorado 11 $ 2,425,000 $ 220,454 $ 92,000
San Bernardino, California 10 $ 2,310,000 $ 231,000 $ 94,000
Eagle, Colorado 10 $ 5,520,000 $ 552,000 $ 283,000
Greenlee, Arizona 8 $ 1,230,000 $ 153,750 $ 64,000
Solano, California 8 $ 2,970,000 $ 371,250 $ 92,000
Teller, Colorado 8 $ 2,830,000 $ 353,750 $ 94,000
Mesa, Colorado 7 $ 1,525,000 $ 217,857 $ 73,000
Morgan, Colorado 7 $ 1,575,000 $ 225,000 $ 94,000
Bernalillo, New Mexico 7 $ 1,415,000 $ 202,142 $ 74,000
Dallas, Texas 6 $ 1,360,000 $ 226,666 $ 109,000
Kaufman, Texas 6 $ 1,410,000 $ 235,000 $ 111,000
Routt, Colorado 5 $ 1,985,000 $ 397,000 $ 81,000
Dona Ana, New Mexico 5 $ 1,215,000 $ 243,000 $ 85,000
Collin, Texas 5 $ 1,465,000 $ 293,000 $ 110,000
Tarrant, Texas 5 $ 985,000 $ 197,000 $ 74,000
Ferry, Washington 5 $ 1,305,000 $ 261,000 $ 93,000
Marin, California 4 $ 2,780,000 $ 695,000 $ 257,000
Sacramento, California 4 $ 1,690,000 $ 422,500 $ 126,000
Chaffee, Colorado 4 $ 810,000 $ 202,500 $ 122,000
Garfield, Colorado 4 $ 1,350,000 $ 337,500 $ 105,000
La Plata, Colorado 4 $ 1,340,000 $ 335,000 $ 148,000
Miami-Dade, Florida 4 $ 1,310,000 $ 327,500 $ 125,000
Cook, Illinois 4 $ 1,140,000 $ 285,000 $ 61,000
Hamilton, Indiana 4 $ 1,120,000 $ 280,000 $ 72,000
Washoe, Nevada 4 $ 1,680,000 $ 420,000 $ 141,000
Sandoval, New Mexico 4 $ 510,000 $ 127,500 $ 46,000
Multnomah, Oregon 4 $ 1,310,000 $ 327,500 $ 85,000
Maverick, Texas 4 $ 770,000 $ 192,500 $ 106,000
Travis, Texas 4 $ 2,200,000 $ 550,000 $ 256,000
King, Washington 4 $ 1,680,000 $ 420,000 $ 112,000
Imperial, California 3 $ 715,000 $ 238,333 $ 112,000
Monterey, California 3 $ 1,295,000 $ 431,666 $ 158,000
Santa Barbara, California 3 $ 1,285,000 $ 428,333 $ 121,000
Fremont, Colorado 3 $ 315,000 $ 105,000 $ 31,000
Las Animas, Colorado 3 $ 415,000 $ 138,333 $ 72,000
Brevard, Florida 3 $ 445,000 $ 148,333 $ 196,000
Citrus, Florida 3 $ 565,000 $ 188,333 $ 118,000
Lee, Florida 3 $ 935,000 $ 311,666 $ 225,000
St. Johns, Florida 3 $ 1,095,000 $ 365,000 $ 416,000
Grant, New Mexico 3 $ 305,000 $ 101,666 $ 118,000
Clackamas, Oregon 3 $ 2,065,000 $ 688,333 $ 858,000
Hays, Texas 3 $ 895,000 $ 298,333 $ 135,000
Val Verde, Texas 3 $ 655,000 $ 218,333 $ 64,000
Williamson, Texas 3 $ 655,000 $ 218,333 $ 216,000
Alameda, California 2 $ 1,160,000 $ 580,000 $ 148,000
Kern, California 2 $ 300,000 $ 150,000 $ 119,000
Placer, California 2 $ 930,000 $ 465,000 $ 131,000
San Luis Obispo, California 2 $ 1,050,000 $ 525,000 $ 135,000
Ventura, California 2 $ 550,000 $ 275,000 $ 133,000
Yolo, California 2 $ 650,000 $ 325,000 $ 100,000
Logan, Colorado 2 $ 220,000 $ 110,000 $ 56,000
Washington, Colorado 2 $ 180,000 $ 90,000 $ 62,000
Broward, Florida 2 $ 170,000 $ 85,000 $ 45,000
Collier, Florida 2 $ 660,000 $ 330,000 $ 76,000
Duval, Florida 2 $ 340,000 $ 170,000 $ 107,000
Jefferson, Kentucky 2 $ 220,000 $ 110,000 $ 47,000
Deschutes, Oregon 2 $ 750,000 $ 375,000 $ 146,000
Josephine, Oregon 2 $ 750,000 $ 375,000 $ 63,000
Washington, Oregon 2 $ 640,000 $ 320,000 $ 156,000
Bandera, Texas 2 $ 350,000 $ 175,000 $ 70,000
Bexar, Texas 2 $ 380,000 $ 190,000 $ 77,000
Denton, Texas 2 $ 650,000 $ 325,000 $ 127,000
El Paso, Texas 2 $ 320,000 $ 160,000 $ 108,000
Galveston, Texas 2 $ 540,000 $ 270,000 $ 70,000
Nueces, Texas 2 $ 240,000 $ 120,000 $ 60,000
Rockwall, Texas 2 $ 560,000 $ 280,000 $ 147,000
Salt Lake, Utah 2 $ 530,000 $ 265,000 $ 63,000
Clark, Washington 2 $ 370,000 $ 185,000 $ 107,000
Kitsap, Washington 2 $ 740,000 $ 370,000 $ 65,000
Pierce, Washington 2 $ 990,000 $ 495,000 $ 41,000
Calaveras, California 1 $ 265,000 $ 265,000 $ 79,000
Contra Costa, California 1 $ 635,000 $ 635,000 $ 219,000
Kings, California 1 $ 255,000 $ 255,000 $ 105,000
San Francisco, California 1 $ 975,000 $ 975,000 $ 221,000
San Joaquin, California 1 $ 175,000 $ 175,000 $ 240,000
Santa Clara, California 1 $ 485,000 $ 485,000 $ 55,000
Shasta, California 1 $ 305,000 $ 305,000 $ 72,000
Sonoma, California 1 $ 135,000 $ 135,000 $ 44,000
Alamosa, Colorado 1 $ 195,000 $ 195,000 $ 54,000
Custer, Colorado 1 $ 285,000 $ 285,000 $ 78,000
Delta, Colorado 1 $ 335,000 $ 335,000 $ 151,000
Gilpin, Colorado 1 $ 495,000 $ 495,000 $ 80,000
Huerfano, Colorado 1 $ 125,000 $ 125,000 $ 27,000
Lake, Colorado 1 $ 485,000 $ 485,000 $ 78,000
Lincoln, Colorado 1 $ 205,000 $ 205,000 $ 70,000
Moffat, Colorado 1 $ 255,000 $ 255,000 $ 114,000
Montezuma, Colorado 1 $ 405,000 $ 405,000 $ 171,000
Montrose, Colorado 1 $ 325,000 $ 325,000 $ 94,000
Phillips, Colorado 1 $ 255,000 $ 255,000 $ 91,000
Rio Grande, Colorado 1 $ 145,000 $ 145,000 $ 44,000
Bay, Florida 1 $ 235,000 $ 235,000 $ 168,000
Hillsborough, Florida 1 $ 405,000 $ 405,000 $ 263,000
Okaloosa, Florida 1 $ 295,000 $ 295,000 $ 58,000
Orange, Florida 1 $ 165,000 $ 165,000 $ 128,000
Palm Beach, Florida 1 $ 165,000 $ 165,000 $ 21,000
Santa Rosa, Florida 1 $ 375,000 $ 375,000 $ 117,000
Sarasota, Florida 1 $ 175,000 $ 175,000 $ 210,000
Seminole, Florida 1 $ 255,000 $ 255,000 $ 45,000
St. Lucie, Florida 1 $ 115,000 $ 115,000 $ 62,000
Hancock, Illinois 1 $ 355,000 $ 355,000 $ 86,000
Lee, Illinois 1 $ 95,000 $ 95,000 $ 42,000
McDonough, Illinois 1 $ 155,000 $ 155,000 $ 52,000
Sangamon, Illinois 1 $ 395,000 $ 395,000 $ 61,000
Hendricks, Indiana 1 $ 155,000 $ 155,000 $ 92,000
Johnson, Indiana 1 $ 125,000 $ 125,000 $ 42,000
Garrard, Kentucky 1 $ 215,000 $ 215,000 $ 57,000
Elko, Nevada 1 $ 195,000 $ 195,000 $ 57,000
Lyon, Nevada 1 $ 195,000 $ 195,000 $ 33,000
Otero, New Mexico 1 $ 145,000 $ 145,000 $ 97,000
Rio Arriba, New Mexico 1 $ 135,000 $ 135,000 $ 37,000
San Juan, New Mexico 1 $ 55,000 $ 55,000 $ 14,000
Santa Fe, New Mexico 1 $ 235,000 $ 235,000 $ 118,000
Taos, New Mexico 1 $ 115,000 $ 115,000 $ 38,000
Valencia, New Mexico 1 $ 65,000 $ 65,000 $ 64,000
Jackson, Oregon 1 $ 375,000 $ 375,000 $ 547,000
Lane, Oregon 1 $ 225,000 $ 225,000 $ 51,000
Bell, Texas 1 $ 125,000 $ 125,000 $ 94,000
Brown, Texas 1 $ 275,000 $ 275,000 $ 86,000
Burnet, Texas 1 $ 1,205,000 $ 1,205,000 $ 270,000
Clay, Texas 1 $ 335,000 $ 335,000 $ 70,000
Ector, Texas 1 $ 295,000 $ 295,000 $ 72,000
Henderson, Texas 1 $ 175,000 $ 175,000 $ 72,000
Hidalgo, Texas 1 $ 1,505,000 $ 1,505,000 $ 830,000
Hunt, Texas 1 $ 85,000 $ 85,000 $ 30,000
Midland, Texas 1 $ 425,000 $ 425,000 $ 144,000
Montgomery, Texas 1 $ 185,000 $ 185,000 $ 64,000
Trinity, Texas 1 $ 135,000 $ 135,000 $ 585,000
Waller, Texas 1 $ 275,000 $ 275,000 $ 200,000
Davis, Utah 1 $ 265,000 $ 265,000 $ 118,000
Clallam, Washington 1 $ 105,000 $ 105,000 $ 103,000
Franklin, Washington 1 $ 455,000 $ 455,000 $ 128,000
San Juan, Washington 1 $ 485,000 $ 485,000 $ 360,000
Snohomish, Washington 1 $ 505,000 $ 505,000 $ 159,000
Thurston, Washington 1 $ 365,000 $ 365,000 $ 94,000

Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2019

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 14,302 $3,432,240,000 $239,000 $5,495,000 $91,000 $6,000,000
Refinancing 5,127 $1,370,395,000 $267,000 $2,315,000 $93,000 $2,335,000
Cash-out Refinancing 3,363 $783,305,000 $232,000 $1,345,000 $94,000 $1,224,000
Home Improvement 209 $51,265,000 $245,000 $745,000 $94,000 $531,000
Not Applicable 0 $0 $0 $0 $0 $0
Other Purpose 0 $0 $0 $0 $0 $0

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 14,520 $3,853,170,000 $265,000 $2,425,000 $102,000 $2,568,000
Hispanic 5,995 $1,144,815,000 $190,000 $1,505,000 $68,000 $6,000,000
Not Provided 1,016 $267,920,000 $263,000 $5,495,000 $100,000 $2,040,000
Black or African American 715 $174,455,000 $243,000 $1,345,000 $78,000 $1,140,000
Asian 510 $136,770,000 $268,000 $1,205,000 $102,000 $656,000
American Indian or Alaskan Native 129 $29,935,000 $232,000 $795,000 $88,000 $352,000
Native Hawaiian or Other Pacific Islander 67 $16,735,000 $249,000 $885,000 $105,000 $258,000
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) 14,984 $3,878,440,000 $258,000 $5,495,000 $108,000 $6,000,000
FHA-insured (Federal Housing Administration) 5,165 $1,021,935,000 $197,000 $695,000 $59,000 $810,000
VA-guaranteed (Veterans Administration) 2,631 $699,685,000 $265,000 $1,435,000 $67,000 $468,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 221 $37,145,000 $168,000 $435,000 $53,000 $118,000

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 15,372 $3,845,710,000 $250,000 $2,425,000 $93,000 $6,000,000
File Closed For Incompleteness 3,627 $845,555,000 $233,000 $2,315,000 $87,000 $2,280,000
Application Withdrawn By Applicant 2,934 $728,260,000 $248,000 $5,495,000 $98,000 $2,568,000
Application Denied By Financial Institution 1,061 $216,465,000 $204,000 $1,345,000 $79,000 $1,260,000
Application Approved But Not Accepted 7 $1,215,000 $173,000 $285,000 $62,000 $136,000
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
Not applicable 21,940 $5,420,740,000 $247,000 $5,495,000 $93,000 $6,000,000
Credit History 324 $62,610,000 $193,000 $1,345,000 $74,000 $836,000
Collateral 190 $37,970,000 $199,000 $905,000 $98,000 $1,260,000
Debt-To-Income Ratio 174 $34,000,000 $195,000 $725,000 $62,000 $656,000
Employment History 162 $35,260,000 $217,000 $1,045,000 $56,000 $394,000
Other 146 $29,210,000 $200,000 $965,000 $92,000 $1,036,000
Unverifiable Information 53 $15,015,000 $283,000 $1,115,000 $122,000 $1,260,000
Insufficient Cash (Downpayment, Closing Cost) 12 $2,400,000 $200,000 $335,000 $74,000 $162,000
Mortgage Insurance Denied 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 2019 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.
For a list of all lenders in Arizona, download the full spreadsheet with aggregated HMDA statistics today.

Download the Arizona Lender List