Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2022
In 2022, Nova Financial & Investment Corporation of Tucson, AZ reported 14,964 mortgage applications totaling $4.6 billion, down 57% from 2021. The average application was for $307,177, and applicants reported an average income of $90,883. 60% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (4,923), Tucson, AZ (4,674) and Yuma, AZ (1,285) (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 | 14,964 |
| Total Mortgage Loan Application Amount | $4,596,600,000 |
| Average Mortgage Loan Application Amount | $307,177 |
| Highest Mortgage Loan Application Amount | $3,005,000 |
| Average Applicant Income | $90,883 |
| Highest Applicant Income | $2,670,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Pima, Arizona | 4,674 | $ 1,212,920,000 | $ 259,503 | $ 82,000 |
| Maricopa, Arizona | 4,074 | $ 1,421,380,000 | $ 348,890 | $ 94,000 |
| Yuma, Arizona | 1,285 | $ 290,115,000 | $ 225,770 | $ 70,000 |
| Cochise, Arizona | 856 | $ 200,560,000 | $ 234,299 | $ 73,000 |
| Pinal, Arizona | 849 | $ 237,865,000 | $ 280,170 | $ 82,000 |
| Clark, Nevada | 656 | $ 224,170,000 | $ 341,722 | $ 90,000 |
| Jefferson, Colorado | 211 | $ 99,975,000 | $ 473,815 | $ 126,000 |
| Denver, Colorado | 185 | $ 91,805,000 | $ 496,243 | $ 153,000 |
| Coconino, Arizona | 182 | $ 63,170,000 | $ 347,087 | $ 124,000 |
| Yavapai, Arizona | 177 | $ 58,495,000 | $ 330,480 | $ 109,000 |
| Arapahoe, Colorado | 161 | $ 72,275,000 | $ 448,913 | $ 129,000 |
| Mohave, Arizona | 153 | $ 30,815,000 | $ 201,405 | $ 61,000 |
| Douglas, Colorado | 137 | $ 77,195,000 | $ 563,467 | $ 145,000 |
| San Diego, California | 132 | $ 87,500,000 | $ 662,878 | $ 219,000 |
| Adams, Colorado | 120 | $ 46,710,000 | $ 389,250 | $ 100,000 |
| Santa Cruz, Arizona | 116 | $ 29,030,000 | $ 250,258 | $ 87,000 |
| Navajo, Arizona | 78 | $ 19,160,000 | $ 245,641 | $ 99,000 |
| Graham, Arizona | 70 | $ 15,390,000 | $ 219,857 | $ 69,000 |
| Weld, Colorado | 55 | $ 21,985,000 | $ 399,727 | $ 107,000 |
| La Paz, Arizona | 53 | $ 10,995,000 | $ 207,452 | $ 63,000 |
| Gila, Arizona | 51 | $ 14,335,000 | $ 281,078 | $ 91,000 |
| Boulder, Colorado | 46 | $ 22,360,000 | $ 486,086 | $ 123,000 |
| El Paso, Colorado | 42 | $ 16,100,000 | $ 383,333 | $ 137,000 |
| Larimer, Colorado | 33 | $ 12,885,000 | $ 390,454 | $ 96,000 |
| Riverside, California | 32 | $ 13,350,000 | $ 417,187 | $ 166,000 |
| Los Angeles, California | 20 | $ 15,240,000 | $ 762,000 | $ 267,000 |
| Broomfield, Colorado | 20 | $ 8,550,000 | $ 427,500 | $ 118,000 |
| Pierce, Washington | 19 | $ 7,745,000 | $ 407,631 | $ 106,000 |
| Nye, Nevada | 13 | $ 4,125,000 | $ 317,307 | $ 73,000 |
| El Paso, Texas | 13 | $ 2,905,000 | $ 223,461 | $ 83,000 |
| Apache, Arizona | 11 | $ 2,855,000 | $ 259,545 | $ 100,000 |
| Elbert, Colorado | 10 | $ 5,390,000 | $ 539,000 | $ 143,000 |
| King, Washington | 10 | $ 4,880,000 | $ 488,000 | $ 120,000 |
| Imperial, California | 9 | $ 2,455,000 | $ 272,777 | $ 144,000 |
| Dona Ana, New Mexico | 9 | $ 2,125,000 | $ 236,111 | $ 93,000 |
| Marion, Florida | 8 | $ 1,640,000 | $ 205,000 | $ 72,000 |
| Washoe, Nevada | 8 | $ 2,740,000 | $ 342,500 | $ 91,000 |
| Harris, Texas | 8 | $ 2,640,000 | $ 330,000 | $ 158,000 |
| San Bernardino, California | 7 | $ 2,955,000 | $ 422,142 | $ 138,000 |
| Grand, Colorado | 7 | $ 4,835,000 | $ 690,714 | $ 227,000 |
| Montrose, Colorado | 7 | $ 2,035,000 | $ 290,714 | $ 104,000 |
| Park, Colorado | 7 | $ 3,005,000 | $ 429,285 | $ 134,000 |
| Pueblo, Colorado | 6 | $ 1,850,000 | $ 308,333 | $ 103,000 |
| Brevard, Florida | 6 | $ 1,580,000 | $ 263,333 | $ 105,000 |
| Hillsborough, Florida | 6 | $ 2,200,000 | $ 366,666 | $ 116,000 |
| Bernalillo, New Mexico | 6 | $ 1,290,000 | $ 215,000 | $ 76,000 |
| Denton, Texas | 6 | $ 2,020,000 | $ 336,666 | $ 116,000 |
| Orange, California | 5 | $ 3,725,000 | $ 745,000 | $ 192,000 |
| Sacramento, California | 5 | $ 2,425,000 | $ 485,000 | $ 200,000 |
| Ventura, California | 5 | $ 3,115,000 | $ 623,000 | $ 144,000 |
| Summit, Colorado | 5 | $ 3,025,000 | $ 605,000 | $ 230,000 |
| Sumter, Florida | 5 | $ 1,235,000 | $ 247,000 | $ 48,000 |
| Dallas, Texas | 5 | $ 2,585,000 | $ 517,000 | $ 148,000 |
| Spokane, Washington | 5 | $ 1,585,000 | $ 317,000 | $ 126,000 |
| Shasta, California | 4 | $ 740,000 | $ 185,000 | $ 60,000 |
| Clear Creek, Colorado | 4 | $ 1,730,000 | $ 432,500 | $ 112,000 |
| Eagle, Colorado | 4 | $ 2,320,000 | $ 580,000 | $ 210,000 |
| Fremont, Colorado | 4 | $ 1,070,000 | $ 267,500 | $ 60,000 |
| Kit Carson, Colorado | 4 | $ 1,000,000 | $ 250,000 | $ 77,000 |
| Mesa, Colorado | 4 | $ 1,950,000 | $ 487,500 | $ 170,000 |
| Broward, Florida | 4 | $ 1,250,000 | $ 312,500 | $ 82,000 |
| Pasco, Florida | 4 | $ 1,710,000 | $ 427,500 | $ 115,000 |
| Morgan, Indiana | 4 | $ 680,000 | $ 170,000 | $ 300,000 |
| Bexar, Texas | 4 | $ 920,000 | $ 230,000 | $ 92,000 |
| Collin, Texas | 4 | $ 1,860,000 | $ 465,000 | $ 130,000 |
| Randall, Texas | 4 | $ 660,000 | $ 165,000 | $ 70,000 |
| Clark, Washington | 4 | $ 1,560,000 | $ 390,000 | $ 75,000 |
| Kern, California | 3 | $ 815,000 | $ 271,666 | $ 93,000 |
| Chaffee, Colorado | 3 | $ 1,505,000 | $ 501,666 | $ 106,000 |
| Logan, Colorado | 3 | $ 1,205,000 | $ 401,666 | $ 136,000 |
| Phillips, Colorado | 3 | $ 935,000 | $ 311,666 | $ 73,000 |
| Teller, Colorado | 3 | $ 935,000 | $ 311,666 | $ 63,000 |
| Escambia, Florida | 3 | $ 915,000 | $ 305,000 | $ 76,000 |
| Monroe, Indiana | 3 | $ 955,000 | $ 318,333 | $ 73,000 |
| McKinley, New Mexico | 3 | $ 375,000 | $ 125,000 | $ 30,000 |
| Otero, New Mexico | 3 | $ 725,000 | $ 241,666 | $ 133,000 |
| Bell, Texas | 3 | $ 665,000 | $ 221,666 | $ 90,000 |
| Kitsap, Washington | 3 | $ 1,135,000 | $ 378,333 | $ 96,000 |
| Alameda, California | 2 | $ 1,000,000 | $ 500,000 | $ 80,000 |
| Contra Costa, California | 2 | $ 2,310,000 | $ 1,155,000 | $ 235,000 |
| Fresno, California | 2 | $ 550,000 | $ 275,000 | $ 40,000 |
| Monterey, California | 2 | $ 820,000 | $ 410,000 | $ 90,000 |
| San Joaquin, California | 2 | $ 760,000 | $ 380,000 | $ 130,000 |
| Santa Barbara, California | 2 | $ 1,890,000 | $ 945,000 | $ 250,000 |
| Santa Clara, California | 2 | $ 2,700,000 | $ 1,350,000 | $ 260,000 |
| Sonoma, California | 2 | $ 1,190,000 | $ 595,000 | $ 115,000 |
| Tulare, California | 2 | $ 460,000 | $ 230,000 | $ 65,000 |
| Lake, Colorado | 2 | $ 610,000 | $ 305,000 | $ 85,000 |
| Routt, Colorado | 2 | $ 930,000 | $ 465,000 | $ 215,000 |
| San Miguel, Colorado | 2 | $ 3,330,000 | $ 1,665,000 | $ 380,000 |
| Alachua, Florida | 2 | $ 930,000 | $ 465,000 | $ 135,000 |
| Citrus, Florida | 2 | $ 600,000 | $ 300,000 | $ 75,000 |
| Duval, Florida | 2 | $ 370,000 | $ 185,000 | $ 75,000 |
| Indian River, Florida | 2 | $ 1,010,000 | $ 505,000 | $ 205,000 |
| Miami-Dade, Florida | 2 | $ 780,000 | $ 390,000 | $ 85,000 |
| Okaloosa, Florida | 2 | $ 710,000 | $ 355,000 | $ 150,000 |
| Orange, Florida | 2 | $ 430,000 | $ 215,000 | $ 40,000 |
| Palm Beach, Florida | 2 | $ 790,000 | $ 395,000 | $ 100,000 |
| Pinellas, Florida | 2 | $ 490,000 | $ 245,000 | $ 50,000 |
| Polk, Florida | 2 | $ 310,000 | $ 155,000 | $ 50,000 |
| Sarasota, Florida | 2 | $ 1,190,000 | $ 595,000 | $ 100,000 |
| Lake, Illinois | 2 | $ 400,000 | $ 200,000 | $ 50,000 |
| Marion, Indiana | 2 | $ 280,000 | $ 140,000 | $ 525,000 |
| Sandoval, New Mexico | 2 | $ 560,000 | $ 280,000 | $ 140,000 |
| Taos, New Mexico | 2 | $ 810,000 | $ 405,000 | $ 195,000 |
| Clackamas, Oregon | 2 | $ 1,140,000 | $ 570,000 | $ 260,000 |
| Coos, Oregon | 2 | $ 340,000 | $ 170,000 | $ 40,000 |
| Curry, Oregon | 2 | $ 1,980,000 | $ 990,000 | $ 890,000 |
| Washington, Oregon | 2 | $ 1,360,000 | $ 680,000 | $ 130,000 |
| Ellis, Texas | 2 | $ 540,000 | $ 270,000 | $ 60,000 |
| Hays, Texas | 2 | $ 1,030,000 | $ 515,000 | $ 175,000 |
| Hill, Texas | 2 | $ 360,000 | $ 180,000 | $ 50,000 |
| McLennan, Texas | 2 | $ 610,000 | $ 305,000 | $ 80,000 |
| Montgomery, Texas | 2 | $ 1,000,000 | $ 500,000 | $ 645,000 |
| Nueces, Texas | 2 | $ 580,000 | $ 290,000 | $ 125,000 |
| Tarrant, Texas | 2 | $ 570,000 | $ 285,000 | $ 95,000 |
| Williamson, Texas | 2 | $ 540,000 | $ 270,000 | $ 95,000 |
| Utah, Utah | 2 | $ 800,000 | $ 400,000 | $ 210,000 |
| Lewis, Washington | 2 | $ 760,000 | $ 380,000 | $ 95,000 |
| Thurston, Washington | 2 | $ 790,000 | $ 395,000 | $ 125,000 |
| Greenlee, Arizona | 1 | $ 175,000 | $ 175,000 | $ 30,000 |
| Lassen, California | 1 | $ 355,000 | $ 355,000 | $ 110,000 |
| Madera, California | 1 | $ 515,000 | $ 515,000 | $ 160,000 |
| Placer, California | 1 | $ 275,000 | $ 275,000 | $ 80,000 |
| San Francisco, California | 1 | $ 975,000 | $ 975,000 | $ 280,000 |
| San Luis Obispo, California | 1 | $ 555,000 | $ 555,000 | $ 90,000 |
| Solano, California | 1 | $ 465,000 | $ 465,000 | $ 110,000 |
| Yolo, California | 1 | $ 505,000 | $ 505,000 | $ 90,000 |
| Yuba, California | 1 | $ 265,000 | $ 265,000 | $ 40,000 |
| Archuleta, Colorado | 1 | $ 455,000 | $ 455,000 | $ 60,000 |
| Crowley, Colorado | 1 | $ 275,000 | $ 275,000 | $ 30,000 |
| Custer, Colorado | 1 | $ 255,000 | $ 255,000 | $ 170,000 |
| Delta, Colorado | 1 | $ 125,000 | $ 125,000 | $ 120,000 |
| Garfield, Colorado | 1 | $ 655,000 | $ 655,000 | $ 190,000 |
| Gilpin, Colorado | 1 | $ 245,000 | $ 245,000 | $ 90,000 |
| Gunnison, Colorado | 1 | $ 505,000 | $ 505,000 | $ 80,000 |
| Las Animas, Colorado | 1 | $ 185,000 | $ 185,000 | $ 60,000 |
| Montezuma, Colorado | 1 | $ 545,000 | $ 545,000 | $ 120,000 |
| Morgan, Colorado | 1 | $ 265,000 | $ 265,000 | $ 60,000 |
| Rio Grande, Colorado | 1 | $ 105,000 | $ 105,000 | $ 30,000 |
| Washington, Colorado | 1 | $ 215,000 | $ 215,000 | $ 60,000 |
| DeSoto, Florida | 1 | $ 265,000 | $ 265,000 | $ 40,000 |
| Hernando, Florida | 1 | $ 375,000 | $ 375,000 | $ 70,000 |
| Lake, Florida | 1 | $ 245,000 | $ 245,000 | $ 50,000 |
| Lee, Florida | 1 | $ 205,000 | $ 205,000 | $ 40,000 |
| Nassau, Florida | 1 | $ 725,000 | $ 725,000 | $ 230,000 |
| Wakulla, Florida | 1 | $ 365,000 | $ 365,000 | $ 110,000 |
| Walton, Florida | 1 | $ 875,000 | $ 875,000 | $ 150,000 |
| Coles, Illinois | 1 | $ 175,000 | $ 175,000 | $ 50,000 |
| Cook, Illinois | 1 | $ 325,000 | $ 325,000 | $ 330,000 |
| Kankakee, Illinois | 1 | $ 55,000 | $ 55,000 | $ 40,000 |
| St. Clair, Illinois | 1 | $ 155,000 | $ 155,000 | $ 50,000 |
| Will, Illinois | 1 | $ 375,000 | $ 375,000 | $ 60,000 |
| Decatur, Indiana | 1 | $ 105,000 | $ 105,000 | $ 490,000 |
| Whitley, Indiana | 1 | $ 225,000 | $ 225,000 | $ 70,000 |
| Boyle, Kentucky | 1 | $ 95,000 | $ 95,000 | $ 80,000 |
| Carter, Kentucky | 1 | $ 125,000 | $ 125,000 | $ 140,000 |
| Casey, Kentucky | 1 | $ 95,000 | $ 95,000 | $ 30,000 |
| Jefferson, Kentucky | 1 | $ 175,000 | $ 175,000 | $ 30,000 |
| Douglas, Nebraska | 1 | $ 1,505,000 | $ 1,505,000 | $ 730,000 |
| Johnson, Nebraska | 1 | $ 55,000 | $ 55,000 | $ 60,000 |
| Lancaster, Nebraska | 1 | $ 215,000 | $ 215,000 | $ 220,000 |
| Platte, Nebraska | 1 | $ 355,000 | $ 355,000 | $ 290,000 |
| Douglas, Nevada | 1 | $ 655,000 | $ 655,000 | $ 210,000 |
| Elko, Nevada | 1 | $ 365,000 | $ 365,000 | $ 80,000 |
| Catron, New Mexico | 1 | $ 135,000 | $ 135,000 | $ 200,000 |
| Chaves, New Mexico | 1 | $ 115,000 | $ 115,000 | $ 110,000 |
| Cibola, New Mexico | 1 | $ 125,000 | $ 125,000 | $ 50,000 |
| Colfax, New Mexico | 1 | $ 95,000 | $ 95,000 | $ 30,000 |
| Eddy, New Mexico | 1 | $ 185,000 | $ 185,000 | $ 40,000 |
| Grant, New Mexico | 1 | $ 65,000 | $ 65,000 | $ 60,000 |
| Lea, New Mexico | 1 | $ 205,000 | $ 205,000 | $ 70,000 |
| Lincoln, New Mexico | 1 | $ 415,000 | $ 415,000 | $ 290,000 |
| Luna, New Mexico | 1 | $ 55,000 | $ 55,000 | $ 40,000 |
| Sierra, New Mexico | 1 | $ 205,000 | $ 205,000 | $ 30,000 |
| Josephine, Oregon | 1 | $ 375,000 | $ 375,000 | $ 70,000 |
| Klamath, Oregon | 1 | $ 55,000 | $ 55,000 | $ 20,000 |
| Linn, Oregon | 1 | $ 355,000 | $ 355,000 | $ 90,000 |
| Malheur, Oregon | 1 | $ 305,000 | $ 305,000 | $ 40,000 |
| Multnomah, Oregon | 1 | $ 355,000 | $ 355,000 | $ 70,000 |
| Allegheny, Pennsylvania | 1 | $ 105,000 | $ 105,000 | $ 30,000 |
| Carbon, Pennsylvania | 1 | $ 305,000 | $ 305,000 | $ 60,000 |
| Brazoria, Texas | 1 | $ 415,000 | $ 415,000 | $ 160,000 |
| Brazos, Texas | 1 | $ 535,000 | $ 535,000 | $ 50,000 |
| Cameron, Texas | 1 | $ 355,000 | $ 355,000 | $ 100,000 |
| Fort Bend, Texas | 1 | $ 255,000 | $ 255,000 | $ 110,000 |
| Galveston, Texas | 1 | $ 355,000 | $ 355,000 | $ 250,000 |
| Guadalupe, Texas | 1 | $ 375,000 | $ 375,000 | $ 100,000 |
| Hardin, Texas | 1 | $ 255,000 | $ 255,000 | $ 60,000 |
| Hidalgo, Texas | 1 | $ 115,000 | $ 115,000 | $ 100,000 |
| Hunt, Texas | 1 | $ 215,000 | $ 215,000 | $ 110,000 |
| Lamar, Texas | 1 | $ 135,000 | $ 135,000 | $ 50,000 |
| Leon, Texas | 1 | $ 525,000 | $ 525,000 | $ 110,000 |
| Lubbock, Texas | 1 | $ 275,000 | $ 275,000 | $ 70,000 |
| Medina, Texas | 1 | $ 285,000 | $ 285,000 | $ 70,000 |
| Midland, Texas | 1 | $ 315,000 | $ 315,000 | $ 100,000 |
| Parker, Texas | 1 | $ 75,000 | $ 75,000 | $ 70,000 |
| Reeves, Texas | 1 | $ 325,000 | $ 325,000 | $ 80,000 |
| San Jacinto, Texas | 1 | $ 105,000 | $ 105,000 | $ 50,000 |
| Shelby, Texas | 1 | $ 85,000 | $ 85,000 | $ 200,000 |
| Travis, Texas | 1 | $ 85,000 | $ 85,000 | $ 120,000 |
| Walker, Texas | 1 | $ 55,000 | $ 55,000 | $ 30,000 |
| Wichita, Texas | 1 | $ 65,000 | $ 65,000 | $ 90,000 |
| Winkler, Texas | 1 | $ 85,000 | $ 85,000 | $ 50,000 |
| Davis, Utah | 1 | $ 585,000 | $ 585,000 | $ 80,000 |
| Iron, Utah | 1 | $ 285,000 | $ 285,000 | $ 170,000 |
| Morgan, Utah | 1 | $ 575,000 | $ 575,000 | $ 110,000 |
| Summit, Utah | 1 | $ 725,000 | $ 725,000 | $ 320,000 |
| Benton, Washington | 1 | $ 165,000 | $ 165,000 | $ 70,000 |
| Franklin, Washington | 1 | $ 385,000 | $ 385,000 | $ 70,000 |
| Grays Harbor, Washington | 1 | $ 205,000 | $ 205,000 | $ 40,000 |
| Okanogan, Washington | 1 | $ 345,000 | $ 345,000 | $ 40,000 |
| Skagit, Washington | 1 | $ 465,000 | $ 465,000 | $ 100,000 |
| Snohomish, Washington | 1 | $ 475,000 | $ 475,000 | $ 100,000 |
| Whatcom, Washington | 1 | $ 575,000 | $ 575,000 | $ 190,000 |
| Yakima, Washington | 1 | $ 145,000 | $ 145,000 | $ 60,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2022
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 | 9,502 | $3,169,280,000 | $333,000 | $3,005,000 | $95,000 | $2,160,000 |
| Cash-out Refinancing | 4,010 | $1,072,290,000 | $267,000 | $1,705,000 | $80,000 | $1,710,000 |
| Refinancing | 1,452 | $355,030,000 | $244,000 | $2,385,000 | $94,000 | $2,670,000 |
| 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 | 7,677 | $2,545,205,000 | $331,000 | $3,005,000 | $102,000 | $2,670,000 |
| Hispanic | 4,912 | $1,260,230,000 | $256,000 | $1,765,000 | $70,000 | $2,100,000 |
| Not Provided | 1,400 | $458,500,000 | $327,000 | $2,055,000 | $98,000 | $1,990,000 |
| Black or African American | 460 | $146,060,000 | $317,000 | $1,055,000 | $84,000 | $1,120,000 |
| Asian | 335 | $128,265,000 | $382,000 | $1,885,000 | $132,000 | $1,830,000 |
| American Indian or Alaskan Native | 91 | $26,645,000 | $292,000 | $665,000 | $71,000 | $150,000 |
| Native Hawaiian or Other Pacific Islander | 25 | $7,975,000 | $319,000 | $1,285,000 | $74,000 | $260,000 |
| 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) | 10,170 | $3,170,350,000 | $311,000 | $2,385,000 | $93,000 | $2,670,000 |
| FHA-insured (Federal Housing Administration) | 3,244 | $982,070,000 | $302,000 | $3,005,000 | $86,000 | $2,100,000 |
| VA-guaranteed (Veterans Administration) | 1,451 | $416,235,000 | $286,000 | $1,555,000 | $86,000 | $1,210,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 99 | $27,945,000 | $282,000 | $1,765,000 | $70,000 | $330,000 |
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 | 9,037 | $2,812,905,000 | $311,000 | $2,255,000 | $92,000 | $2,670,000 |
| File Closed For Incompleteness | 2,690 | $793,220,000 | $294,000 | $2,325,000 | $82,000 | $2,100,000 |
| Application Withdrawn By Applicant | 2,160 | $676,930,000 | $313,000 | $3,005,000 | $98,000 | $2,160,000 |
| Application Denied By Financial Institution | 711 | $192,375,000 | $270,000 | $1,705,000 | $81,000 | $2,530,000 |
| Application Approved But Not Accepted | 366 | $121,170,000 | $331,000 | $2,385,000 | $97,000 | $1,290,000 |
| 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 | 14,253 | $4,404,225,000 | $309,000 | $3,005,000 | $91,000 | $2,670,000 |
| Credit History | 167 | $40,845,000 | $244,000 | $1,005,000 | $77,000 | $810,000 |
| Collateral | 152 | $37,250,000 | $245,000 | $905,000 | $86,000 | $1,840,000 |
| Employment History | 146 | $41,110,000 | $281,000 | $1,705,000 | $57,000 | $280,000 |
| Other | 97 | $30,315,000 | $312,000 | $1,085,000 | $126,000 | $2,530,000 |
| Debt-To-Income Ratio | 71 | $20,695,000 | $291,000 | $1,525,000 | $65,000 | $890,000 |
| Unverifiable Information | 54 | $15,210,000 | $281,000 | $1,285,000 | $82,000 | $490,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 24 | $6,950,000 | $289,000 | $825,000 | $85,000 | $320,000 |
| 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 2022 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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