Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2020

In 2020, Nova Financial & Investment Corporation of Tucson, AZ reported 40,245 mortgage applications totaling $10.5 billion, up 75% from 2019. The average application was for $261,014, and applicants reported an average income of $100,825. 74% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Tucson, AZ (12,806), Phoenix-Mesa-Scottsdale, AZ (12,490) and Denver-Aurora-Lakewood, CO (4,941) (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 40,245
Total Mortgage Loan Application Amount $10,504,515,000
Average Mortgage Loan Application Amount $261,014
Highest Mortgage Loan Application Amount $3,085,000
Average Applicant Income $100,825
Highest Applicant Income $6,600,000

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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2020

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Pima, Arizona 12,806 $ 2,786,550,000 $ 217,597 $ 91,000
Maricopa, Arizona 10,947 $ 2,954,985,000 $ 269,935 $ 97,000
Clark, Nevada 2,053 $ 561,995,000 $ 273,743 $ 101,000
Yuma, Arizona 1,974 $ 354,370,000 $ 179,518 $ 77,000
Pinal, Arizona 1,543 $ 326,375,000 $ 211,519 $ 73,000
Cochise, Arizona 1,390 $ 271,090,000 $ 195,028 $ 75,000
Arapahoe, Colorado 1,137 $ 371,335,000 $ 326,591 $ 119,000
Denver, Colorado 1,085 $ 402,605,000 $ 371,064 $ 141,000
Jefferson, Colorado 1,017 $ 357,945,000 $ 351,961 $ 125,000
Douglas, Colorado 910 $ 357,990,000 $ 393,395 $ 144,000
San Diego, California 799 $ 400,085,000 $ 500,732 $ 185,000
Adams, Colorado 571 $ 177,195,000 $ 310,323 $ 102,000
Mohave, Arizona 374 $ 70,910,000 $ 189,598 $ 84,000
Coconino, Arizona 323 $ 98,415,000 $ 304,690 $ 132,000
El Paso, Colorado 280 $ 85,340,000 $ 304,785 $ 94,000
Yavapai, Arizona 277 $ 73,975,000 $ 267,057 $ 98,000
Boulder, Colorado 186 $ 77,540,000 $ 416,881 $ 156,000
Harris, Texas 185 $ 44,755,000 $ 241,918 $ 111,000
Weld, Colorado 178 $ 56,020,000 $ 314,719 $ 110,000
Santa Cruz, Arizona 153 $ 30,455,000 $ 199,052 $ 80,000
Navajo, Arizona 138 $ 30,060,000 $ 217,826 $ 130,000
Graham, Arizona 116 $ 22,220,000 $ 191,551 $ 77,000
Larimer, Colorado 113 $ 35,065,000 $ 310,309 $ 111,000
Broomfield, Colorado 97 $ 35,225,000 $ 363,144 $ 157,000
Marion, Indiana 90 $ 21,770,000 $ 241,888 $ 126,000
Los Angeles, California 86 $ 43,780,000 $ 509,069 $ 195,000
La Paz, Arizona 80 $ 15,820,000 $ 197,750 $ 96,000
Fort Bend, Texas 79 $ 23,995,000 $ 303,734 $ 195,000
Gila, Arizona 76 $ 16,850,000 $ 221,710 $ 115,000
Elbert, Colorado 67 $ 27,695,000 $ 413,358 $ 137,000
Riverside, California 65 $ 20,605,000 $ 317,000 $ 217,000
Orange, California 57 $ 28,995,000 $ 508,684 $ 186,000
Summit, Colorado 41 $ 17,615,000 $ 429,634 $ 284,000
Park, Colorado 33 $ 11,445,000 $ 346,818 $ 136,000
Grand, Colorado 27 $ 12,925,000 $ 478,703 $ 479,000
Nye, Nevada 25 $ 4,975,000 $ 199,000 $ 66,000
Eagle, Colorado 23 $ 11,295,000 $ 491,086 $ 273,000
San Bernardino, California 22 $ 6,980,000 $ 317,272 $ 134,000
Pueblo, Colorado 22 $ 5,450,000 $ 247,727 $ 99,000
Apache, Arizona 21 $ 4,085,000 $ 194,523 $ 104,000
Hamilton, Indiana 21 $ 6,185,000 $ 294,523 $ 112,000
Sacramento, California 18 $ 6,110,000 $ 339,444 $ 103,000
Washoe, Nevada 18 $ 5,630,000 $ 312,777 $ 173,000
Mesa, Colorado 16 $ 5,080,000 $ 317,500 $ 128,000
Cook, Illinois 15 $ 5,485,000 $ 365,666 $ 177,000
King, Washington 15 $ 7,555,000 $ 503,666 $ 193,000
Santa Clara, California 14 $ 11,060,000 $ 790,000 $ 246,000
Clear Creek, Colorado 14 $ 5,200,000 $ 371,428 $ 125,000
Dona Ana, New Mexico 14 $ 2,880,000 $ 205,714 $ 89,000
Montgomery, Texas 14 $ 3,510,000 $ 250,714 $ 112,000
Teller, Colorado 13 $ 4,395,000 $ 338,076 $ 103,000
Alameda, California 12 $ 4,790,000 $ 399,166 $ 155,000
San Luis Obispo, California 12 $ 5,270,000 $ 439,166 $ 147,000
Dallas, Texas 11 $ 4,185,000 $ 380,454 $ 140,000
Gilpin, Colorado 10 $ 4,020,000 $ 402,000 $ 101,000
Miami-Dade, Florida 10 $ 4,090,000 $ 409,000 $ 243,000
Williamson, Texas 10 $ 3,070,000 $ 307,000 $ 121,000
Imperial, California 9 $ 1,585,000 $ 176,111 $ 70,000
Ventura, California 9 $ 4,065,000 $ 451,666 $ 171,000
Fremont, Colorado 9 $ 1,935,000 $ 215,000 $ 93,000
Routt, Colorado 9 $ 3,785,000 $ 420,555 $ 170,000
Bexar, Texas 9 $ 2,035,000 $ 226,111 $ 121,000
Collin, Texas 9 $ 2,675,000 $ 297,222 $ 75,000
Pierce, Washington 9 $ 2,725,000 $ 302,777 $ 89,000
Monterey, California 8 $ 3,570,000 $ 446,250 $ 119,000
El Paso, Texas 8 $ 1,280,000 $ 160,000 $ 77,000
Galveston, Texas 8 $ 1,950,000 $ 243,750 $ 126,000
Travis, Texas 8 $ 3,740,000 $ 467,500 $ 211,000
Greenlee, Arizona 7 $ 925,000 $ 132,142 $ 88,000
Contra Costa, California 7 $ 2,545,000 $ 363,571 $ 174,000
Brevard, Florida 7 $ 1,965,000 $ 280,714 $ 154,000
Denton, Texas 7 $ 1,885,000 $ 269,285 $ 63,000
Tarrant, Texas 7 $ 1,075,000 $ 153,571 $ 93,000
Kern, California 6 $ 1,520,000 $ 253,333 $ 86,000
Gunnison, Colorado 6 $ 1,800,000 $ 300,000 $ 104,000
Johnson, Indiana 6 $ 1,350,000 $ 225,000 $ 76,000
Bernalillo, New Mexico 6 $ 1,630,000 $ 271,666 $ 100,000
Marin, California 5 $ 4,325,000 $ 865,000 $ 286,000
Placer, California 5 $ 2,025,000 $ 405,000 $ 305,000
San Mateo, California 5 $ 3,495,000 $ 699,000 $ 244,000
Santa Barbara, California 5 $ 2,645,000 $ 529,000 $ 129,000
Sutter, California 5 $ 1,395,000 $ 279,000 $ 148,000
Archuleta, Colorado 5 $ 1,045,000 $ 209,000 $ 41,000
Chaffee, Colorado 5 $ 1,805,000 $ 361,000 $ 181,000
Morgan, Colorado 5 $ 1,135,000 $ 227,000 $ 61,000
Broward, Florida 5 $ 2,975,000 $ 595,000 $ 277,000
Flagler, Florida 5 $ 995,000 $ 199,000 $ 77,000
Sandoval, New Mexico 5 $ 1,285,000 $ 257,000 $ 91,000
Jackson, Oregon 5 $ 1,485,000 $ 297,000 $ 193,000
Brazoria, Texas 5 $ 1,415,000 $ 283,000 $ 171,000
McLennan, Texas 5 $ 985,000 $ 197,000 $ 86,000
Waller, Texas 5 $ 2,525,000 $ 505,000 $ 281,000
Kane, Utah 5 $ 1,095,000 $ 219,000 $ 151,000
Summit, Utah 5 $ 2,765,000 $ 553,000 $ 359,000
Spokane, Washington 5 $ 1,095,000 $ 219,000 $ 128,000
San Joaquin, California 4 $ 900,000 $ 225,000 $ 80,000
Yolo, California 4 $ 1,150,000 $ 287,500 $ 138,000
Kit Carson, Colorado 4 $ 770,000 $ 192,500 $ 40,000
Lincoln, Colorado 4 $ 820,000 $ 205,000 $ 148,000
Citrus, Florida 4 $ 830,000 $ 207,500 $ 206,000
Collier, Florida 4 $ 1,560,000 $ 390,000 $ 219,000
Hillsborough, Florida 4 $ 1,860,000 $ 465,000 $ 151,000
Monroe, Florida 4 $ 2,890,000 $ 722,500 $ 134,000
Pasco, Florida 4 $ 1,340,000 $ 335,000 $ 110,000
Jefferson, Kentucky 4 $ 880,000 $ 220,000 $ 141,000
McKinley, New Mexico 4 $ 530,000 $ 132,500 $ 110,000
Multnomah, Oregon 4 $ 950,000 $ 237,500 $ 87,000
Lubbock, Texas 4 $ 590,000 $ 147,500 $ 128,000
Midland, Texas 4 $ 1,130,000 $ 282,500 $ 133,000
Cache, Utah 4 $ 1,960,000 $ 490,000 $ 379,000
Clark, Washington 4 $ 1,360,000 $ 340,000 $ 87,000
Fresno, California 3 $ 995,000 $ 331,666 $ 82,000
Nevada, California 3 $ 1,405,000 $ 468,333 $ 193,000
San Francisco, California 3 $ 1,935,000 $ 645,000 $ 206,000
Solano, California 3 $ 735,000 $ 245,000 $ 75,000
Sonoma, California 3 $ 1,015,000 $ 338,333 $ 144,000
Alamosa, Colorado 3 $ 535,000 $ 178,333 $ 101,000
Garfield, Colorado 3 $ 1,375,000 $ 458,333 $ 212,000
La Plata, Colorado 3 $ 775,000 $ 258,333 $ 94,000
Lake, Colorado 3 $ 725,000 $ 241,666 $ 132,000
Las Animas, Colorado 3 $ 585,000 $ 195,000 $ 59,000
Phillips, Colorado 3 $ 415,000 $ 138,333 $ 72,000
Duval, Florida 3 $ 315,000 $ 105,000 $ 81,000
Manatee, Florida 3 $ 895,000 $ 298,333 $ 119,000
Lake, Illinois 3 $ 875,000 $ 291,666 $ 234,000
Douglas, Nevada 3 $ 1,235,000 $ 411,666 $ 151,000
Santa Fe, New Mexico 3 $ 1,205,000 $ 401,666 $ 141,000
Douglas, Oregon 3 $ 755,000 $ 251,666 $ 53,000
Washington, Oregon 3 $ 775,000 $ 258,333 $ 108,000
Delaware, Pennsylvania 3 $ 895,000 $ 298,333 $ 145,000
Bell, Texas 3 $ 765,000 $ 255,000 $ 34,000
Hays, Texas 3 $ 1,185,000 $ 395,000 $ 212,000
Liberty, Texas 3 $ 605,000 $ 201,666 $ 78,000
Kitsap, Washington 3 $ 955,000 $ 318,333 $ 88,000
Thurston, Washington 3 $ 915,000 $ 305,000 $ 51,000
Whatcom, Washington 3 $ 915,000 $ 305,000 $ 83,000
Calaveras, California 2 $ 1,620,000 $ 810,000 $ 211,000
Humboldt, California 2 $ 580,000 $ 290,000 $ 0
Stanislaus, California 2 $ 610,000 $ 305,000 $ 99,000
Tehama, California 2 $ 500,000 $ 250,000 $ 105,000
Bent, Colorado 2 $ 70,000 $ 35,000 $ 14,000
Custer, Colorado 2 $ 540,000 $ 270,000 $ 112,000
Montrose, Colorado 2 $ 540,000 $ 270,000 $ 107,000
Rio Grande, Colorado 2 $ 630,000 $ 315,000 $ 210,000
San Miguel, Colorado 2 $ 640,000 $ 320,000 $ 106,000
Charlotte, Florida 2 $ 590,000 $ 295,000 $ 221,000
Lee, Florida 2 $ 610,000 $ 305,000 $ 232,000
Marion, Florida 2 $ 270,000 $ 135,000 $ 48,000
Palm Beach, Florida 2 $ 550,000 $ 275,000 $ 177,000
Pinellas, Florida 2 $ 370,000 $ 185,000 $ 29,000
Polk, Florida 2 $ 300,000 $ 150,000 $ 67,000
Hendricks, Indiana 2 $ 450,000 $ 225,000 $ 110,000
Lake, Indiana 2 $ 490,000 $ 245,000 $ 147,000
Shelby, Indiana 2 $ 270,000 $ 135,000 $ 62,000
Lincoln, Nevada 2 $ 440,000 $ 220,000 $ 79,000
Grant, New Mexico 2 $ 320,000 $ 160,000 $ 74,000
Hidalgo, New Mexico 2 $ 180,000 $ 90,000 $ 37,000
Otero, New Mexico 2 $ 200,000 $ 100,000 $ 85,000
San Juan, New Mexico 2 $ 310,000 $ 155,000 $ 47,000
Wallowa, Oregon 2 $ 230,000 $ 115,000 $ 53,000
Austin, Texas 2 $ 310,000 $ 155,000 $ 57,000
Ector, Texas 2 $ 490,000 $ 245,000 $ 32,000
Guadalupe, Texas 2 $ 360,000 $ 180,000 $ 83,000
Nueces, Texas 2 $ 620,000 $ 310,000 $ 149,000
Utah, Utah 2 $ 620,000 $ 310,000 $ 111,000
Washington, Utah 2 $ 690,000 $ 345,000 $ 131,000
Kittitas, Washington 2 $ 960,000 $ 480,000 $ 155,000
Mason, Washington 2 $ 650,000 $ 325,000 $ 78,000
Skagit, Washington 2 $ 680,000 $ 340,000 $ 84,000
Mendocino, California 1 $ 115,000 $ 115,000 $ 36,000
Modoc, California 1 $ 135,000 $ 135,000 $ 108,000
Santa Cruz, California 1 $ 315,000 $ 315,000 $ 114,000
Siskiyou, California 1 $ 385,000 $ 385,000 $ 89,000
Tulare, California 1 $ 135,000 $ 135,000 $ 156,000
Huerfano, Colorado 1 $ 75,000 $ 75,000 $ 31,000
Logan, Colorado 1 $ 265,000 $ 265,000 $ 160,000
Moffat, Colorado 1 $ 225,000 $ 225,000 $ 51,000
Ouray, Colorado 1 $ 305,000 $ 305,000 $ 55,000
Pitkin, Colorado 1 $ 245,000 $ 245,000 $ 55,000
Yuma, Colorado 1 $ 205,000 $ 205,000 $ 89,000
Alachua, Florida 1 $ 165,000 $ 165,000 $ 84,000
Bay, Florida 1 $ 315,000 $ 315,000 $ 148,000
Escambia, Florida 1 $ 75,000 $ 75,000 $ 85,000
Hernando, Florida 1 $ 85,000 $ 85,000 $ 105,000
Indian River, Florida 1 $ 255,000 $ 255,000 $ 134,000
Martin, Florida 1 $ 175,000 $ 175,000 $ 66,000
Orange, Florida 1 $ 235,000 $ 235,000 $ 65,000
Osceola, Florida 1 $ 395,000 $ 395,000 $ 60,000
Seminole, Florida 1 $ 265,000 $ 265,000 $ 65,000
St. Lucie, Florida 1 $ 175,000 $ 175,000 $ 56,000
Sumter, Florida 1 $ 185,000 $ 185,000 $ 132,000
Volusia, Florida 1 $ 345,000 $ 345,000 $ 409,000
Walton, Florida 1 $ 1,025,000 $ 1,025,000 $ 512,000
DuPage, Illinois 1 $ 225,000 $ 225,000 $ 70,000
Sangamon, Illinois 1 $ 405,000 $ 405,000 $ 0
Allen, Indiana 1 $ 155,000 $ 155,000 $ 0
Bartholomew, Indiana 1 $ 175,000 $ 175,000 $ 42,000
Boone, Indiana 1 $ 135,000 $ 135,000 $ 151,000
Dearborn, Indiana 1 $ 125,000 $ 125,000 $ 54,000
Elkhart, Indiana 1 $ 165,000 $ 165,000 $ 64,000
Hancock, Indiana 1 $ 255,000 $ 255,000 $ 115,000
Kosciusko, Indiana 1 $ 175,000 $ 175,000 $ 121,000
Madison, Indiana 1 $ 135,000 $ 135,000 $ 37,000
Porter, Indiana 1 $ 155,000 $ 155,000 $ 100,000
St. Joseph, Indiana 1 $ 65,000 $ 65,000 $ 180,000
Steuben, Indiana 1 $ 465,000 $ 465,000 $ 104,000
Bullitt, Kentucky 1 $ 305,000 $ 305,000 $ 63,000
Garrard, Kentucky 1 $ 225,000 $ 225,000 $ 0
Madison, Kentucky 1 $ 225,000 $ 225,000 $ 109,000
Lyon, Nevada 1 $ 135,000 $ 135,000 $ 385,000
Mineral, Nevada 1 $ 105,000 $ 105,000 $ 84,000
White Pine, Nevada 1 $ 245,000 $ 245,000 $ 24,000
Catron, New Mexico 1 $ 75,000 $ 75,000 $ 68,000
Chaves, New Mexico 1 $ 75,000 $ 75,000 $ 15,000
Curry, New Mexico 1 $ 145,000 $ 145,000 $ 0
Luna, New Mexico 1 $ 135,000 $ 135,000 $ 45,000
San Miguel, New Mexico 1 $ 105,000 $ 105,000 $ 53,000
Taos, New Mexico 1 $ 445,000 $ 445,000 $ 89,000
Valencia, New Mexico 1 $ 65,000 $ 65,000 $ 26,000
Clackamas, Oregon 1 $ 1,285,000 $ 1,285,000 $ 300,000
Clatsop, Oregon 1 $ 125,000 $ 125,000 $ 300,000
Deschutes, Oregon 1 $ 325,000 $ 325,000 $ 367,000
Lane, Oregon 1 $ 355,000 $ 355,000 $ 161,000
Tillamook, Oregon 1 $ 295,000 $ 295,000 $ 231,000
Umatilla, Oregon 1 $ 285,000 $ 285,000 $ 92,000
Franklin, Pennsylvania 1 $ 55,000 $ 55,000 $ 38,000
Montgomery, Pennsylvania 1 $ 195,000 $ 195,000 $ 164,000
Burnet, Texas 1 $ 265,000 $ 265,000 $ 105,000
Calhoun, Texas 1 $ 205,000 $ 205,000 $ 90,000
Comal, Texas 1 $ 195,000 $ 195,000 $ 75,000
Grayson, Texas 1 $ 175,000 $ 175,000 $ 38,000
Grimes, Texas 1 $ 65,000 $ 65,000 $ 39,000
Kaufman, Texas 1 $ 255,000 $ 255,000 $ 73,000
Maverick, Texas 1 $ 205,000 $ 205,000 $ 0
McCulloch, Texas 1 $ 165,000 $ 165,000 $ 125,000
Nacogdoches, Texas 1 $ 155,000 $ 155,000 $ 39,000
Parker, Texas 1 $ 255,000 $ 255,000 $ 71,000
Potter, Texas 1 $ 215,000 $ 215,000 $ 139,000
Randall, Texas 1 $ 215,000 $ 215,000 $ 99,000
Rockwall, Texas 1 $ 255,000 $ 255,000 $ 0
Trinity, Texas 1 $ 135,000 $ 135,000 $ 309,000
Val Verde, Texas 1 $ 55,000 $ 55,000 $ 45,000
Walker, Texas 1 $ 125,000 $ 125,000 $ 124,000
Wharton, Texas 1 $ 125,000 $ 125,000 $ 38,000
Wilson, Texas 1 $ 335,000 $ 335,000 $ 116,000
Davis, Utah 1 $ 255,000 $ 255,000 $ 0
Salt Lake, Utah 1 $ 285,000 $ 285,000 $ 274,000
Tooele, Utah 1 $ 115,000 $ 115,000 $ 34,000
Wasatch, Utah 1 $ 335,000 $ 335,000 $ 72,000
Weber, Utah 1 $ 495,000 $ 495,000 $ 191,000
Benton, Washington 1 $ 275,000 $ 275,000 $ 0
Clallam, Washington 1 $ 95,000 $ 95,000 $ 27,000
Ferry, Washington 1 $ 125,000 $ 125,000 $ 46,000
Franklin, Washington 1 $ 445,000 $ 445,000 $ 160,000
Jefferson, Washington 1 $ 155,000 $ 155,000 $ 35,000
Lewis, Washington 1 $ 265,000 $ 265,000 $ 120,000
Wahkiakum, Washington 1 $ 75,000 $ 75,000 $ 147,000
Walla Walla, Washington 1 $ 365,000 $ 365,000 $ 70,000

Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2020

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
Refinancing 18,530 $4,823,360,000 $260,000 $3,085,000 $102,000 $4,200,000
Home Purchase 15,116 $4,057,580,000 $268,000 $2,305,000 $98,000 $6,600,000
Cash-out Refinancing 6,599 $1,623,575,000 $246,000 $1,955,000 $104,000 $2,100,000
Home Improvement 0 $0 $0 $0 $0 $0
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 25,951 $7,163,575,000 $276,000 $2,305,000 $110,000 $4,200,000
Hispanic 9,508 $2,019,750,000 $212,000 $3,085,000 $73,000 $1,840,000
Not Provided 2,544 $704,920,000 $277,000 $1,785,000 $111,000 $6,600,000
Asian 956 $274,970,000 $287,000 $1,605,000 $121,000 $2,234,000
Black or African American 910 $236,170,000 $259,000 $945,000 $82,000 $648,000
American Indian or Alaskan Native 197 $49,775,000 $252,000 $1,385,000 $100,000 $811,000
Native Hawaiian or Other Pacific Islander 88 $24,250,000 $275,000 $815,000 $119,000 $700,000
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) 30,167 $7,997,355,000 $265,000 $3,085,000 $115,000 $6,600,000
FHA-insured (Federal Housing Administration) 5,794 $1,276,760,000 $220,000 $745,000 $60,000 $1,320,000
VA-guaranteed (Veterans Administration) 3,992 $1,179,470,000 $295,000 $2,305,000 $54,000 $1,194,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 292 $50,930,000 $174,000 $555,000 $51,000 $110,000

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 29,718 $7,839,320,000 $263,000 $2,305,000 $101,000 $2,681,000
Application Withdrawn By Applicant 6,741 $1,732,595,000 $257,000 $3,005,000 $103,000 $6,600,000
File Closed For Incompleteness 2,609 $659,135,000 $252,000 $3,085,000 $100,000 $2,700,000
Application Denied By Financial Institution 1,127 $261,285,000 $231,000 $2,005,000 $82,000 $1,500,000
Application Approved But Not Accepted 50 $12,180,000 $243,000 $525,000 $97,000 $368,000
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 39,118 $10,243,230,000 $261,000 $3,085,000 $101,000 $6,600,000
Employment History 273 $64,985,000 $238,000 $745,000 $76,000 $463,000
Collateral 201 $43,435,000 $216,000 $1,335,000 $94,000 $1,500,000
Credit History 195 $40,895,000 $209,000 $1,505,000 $79,000 $420,000
Other 189 $51,105,000 $270,000 $2,005,000 $98,000 $1,200,000
Debt-To-Income Ratio 148 $32,530,000 $219,000 $1,635,000 $68,000 $480,000
Unverifiable Information 81 $19,245,000 $237,000 $715,000 $82,000 $400,000
Insufficient Cash (Downpayment, Closing Cost) 38 $8,420,000 $221,000 $485,000 $58,000 $217,000
Mortgage Insurance Denied 2 $670,000 $335,000 $425,000 $58,000 $82,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2020 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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