Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2023

In 2023, Nova Financial & Investment Corporation of Tucson, AZ reported 7,970 mortgage applications totaling $2.5 billion, down 47% from 2022. The average application was for $316,327, and applicants reported an average income of $122,157. 61% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (2,306), Tucson, AZ (1,984) and Yuma, AZ (720) (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 7,970
Total Mortgage Loan Application Amount $2,521,130,000
Average Mortgage Loan Application Amount $316,327
Highest Mortgage Loan Application Amount $3,365,000
Average Applicant Income $122,157
Highest Applicant Income $3,245,000

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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2023

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Pima, Arizona 1,984 $ 553,990,000 $ 279,228 $ 117,000
Maricopa, Arizona 1,887 $ 642,885,000 $ 340,691 $ 121,000
Yuma, Arizona 720 $ 161,150,000 $ 223,819 $ 94,000
Pinal, Arizona 419 $ 108,925,000 $ 259,964 $ 99,000
Clark, Nevada 364 $ 122,770,000 $ 337,280 $ 135,000
Cochise, Arizona 216 $ 46,930,000 $ 217,268 $ 83,000
Pierce, Washington 178 $ 72,570,000 $ 407,696 $ 134,000
Denver, Colorado 97 $ 45,825,000 $ 472,422 $ 172,000
Arapahoe, Colorado 96 $ 44,370,000 $ 462,187 $ 194,000
Yavapai, Arizona 93 $ 33,765,000 $ 363,064 $ 140,000
Jefferson, Colorado 77 $ 40,885,000 $ 530,974 $ 180,000
Adams, Colorado 69 $ 25,185,000 $ 365,000 $ 143,000
Santa Cruz, Arizona 65 $ 16,085,000 $ 247,461 $ 98,000
Coconino, Arizona 63 $ 24,485,000 $ 388,650 $ 179,000
Mohave, Arizona 58 $ 12,320,000 $ 212,413 $ 94,000
Douglas, Colorado 58 $ 34,070,000 $ 587,413 $ 224,000
Lane, Oregon 56 $ 15,360,000 $ 274,285 $ 107,000
Navajo, Arizona 55 $ 14,005,000 $ 254,636 $ 116,000
Graham, Arizona 54 $ 12,280,000 $ 227,407 $ 85,000
San Diego, California 41 $ 29,885,000 $ 728,902 $ 280,000
Clark, Washington 41 $ 18,265,000 $ 445,487 $ 154,000
King, Washington 41 $ 16,655,000 $ 406,219 $ 130,000
Weld, Colorado 37 $ 13,795,000 $ 372,837 $ 131,000
Kitsap, Washington 31 $ 12,805,000 $ 413,064 $ 123,000
Gila, Arizona 28 $ 8,350,000 $ 298,214 $ 131,000
El Paso, Colorado 25 $ 9,145,000 $ 365,800 $ 120,000
Multnomah, Oregon 24 $ 12,460,000 $ 519,166 $ 185,000
Boulder, Colorado 21 $ 11,675,000 $ 555,952 $ 225,000
El Paso, Texas 20 $ 4,860,000 $ 243,000 $ 88,000
Larimer, Colorado 19 $ 7,095,000 $ 373,421 $ 155,000
Clackamas, Oregon 16 $ 7,190,000 $ 449,375 $ 188,000
Washington, Oregon 16 $ 7,320,000 $ 457,500 $ 110,000
La Paz, Arizona 15 $ 2,855,000 $ 190,333 $ 75,000
Snohomish, Washington 15 $ 7,015,000 $ 467,666 $ 167,000
Riverside, California 14 $ 5,840,000 $ 417,142 $ 210,000
Thurston, Washington 13 $ 5,105,000 $ 392,692 $ 146,000
Marion, Oregon 12 $ 4,650,000 $ 387,500 $ 132,000
Lewis, Washington 11 $ 4,075,000 $ 370,454 $ 120,000
Mason, Washington 11 $ 3,495,000 $ 317,727 $ 84,000
Los Angeles, California 10 $ 6,710,000 $ 671,000 $ 289,000
Apache, Arizona 8 $ 1,890,000 $ 236,250 $ 153,000
Linn, Oregon 8 $ 2,930,000 $ 366,250 $ 119,000
Broomfield, Colorado 7 $ 3,905,000 $ 557,857 $ 248,000
Washoe, Nevada 7 $ 1,565,000 $ 223,571 $ 74,000
Douglas, Oregon 7 $ 2,115,000 $ 302,142 $ 91,000
Summit, Colorado 6 $ 5,520,000 $ 920,000 $ 447,000
Deschutes, Oregon 6 $ 2,330,000 $ 388,333 $ 242,000
Harris, Texas 6 $ 1,770,000 $ 295,000 $ 170,000
Imperial, California 5 $ 1,425,000 $ 285,000 $ 82,000
San Bernardino, California 5 $ 1,755,000 $ 351,000 $ 187,000
Park, Colorado 5 $ 1,835,000 $ 367,000 $ 187,000
Bay, Florida 5 $ 1,915,000 $ 383,000 $ 249,000
Nye, Nevada 5 $ 895,000 $ 179,000 $ 79,000
Jackson, Oregon 5 $ 1,815,000 $ 363,000 $ 123,000
Tarrant, Texas 5 $ 1,115,000 $ 223,000 $ 106,000
Washington, Utah 5 $ 1,155,000 $ 231,000 $ 72,000
Grays Harbor, Washington 5 $ 1,065,000 $ 213,000 $ 74,000
Sonoma, California 4 $ 1,500,000 $ 375,000 $ 178,000
Eagle, Colorado 4 $ 3,970,000 $ 992,500 $ 262,000
Teller, Colorado 4 $ 1,280,000 $ 320,000 $ 219,000
Coos, Oregon 4 $ 1,240,000 $ 310,000 $ 88,000
Josephine, Oregon 4 $ 860,000 $ 215,000 $ 109,000
Polk, Oregon 4 $ 1,490,000 $ 372,500 $ 309,000
Greenlee, Arizona 3 $ 755,000 $ 251,666 $ 112,000
Sacramento, California 3 $ 1,795,000 $ 598,333 $ 231,000
Marion, Florida 3 $ 515,000 $ 171,666 $ 338,000
Pasco, Florida 3 $ 1,085,000 $ 361,666 $ 145,000
Bexar, Texas 3 $ 1,155,000 $ 385,000 $ 230,000
Galveston, Texas 3 $ 285,000 $ 95,000 $ 59,000
Alameda, California 2 $ 890,000 $ 445,000 $ 203,000
Fresno, California 2 $ 460,000 $ 230,000 $ 126,000
Orange, California 2 $ 1,720,000 $ 860,000 $ 251,000
Placer, California 2 $ 670,000 $ 335,000 $ 117,000
San Luis Obispo, California 2 $ 1,140,000 $ 570,000 $ 166,000
Ventura, California 2 $ 330,000 $ 165,000 $ 93,000
Archuleta, Colorado 2 $ 500,000 $ 250,000 $ 292,000
Chaffee, Colorado 2 $ 880,000 $ 440,000 $ 119,000
Clear Creek, Colorado 2 $ 820,000 $ 410,000 $ 305,000
Logan, Colorado 2 $ 300,000 $ 150,000 $ 69,000
Morgan, Colorado 2 $ 770,000 $ 385,000 $ 114,000
Pueblo, Colorado 2 $ 420,000 $ 210,000 $ 68,000
Collier, Florida 2 $ 1,180,000 $ 590,000 $ 368,000
DeSoto, Florida 2 $ 230,000 $ 115,000 $ 43,000
Duval, Florida 2 $ 390,000 $ 195,000 $ 118,000
Escambia, Florida 2 $ 510,000 $ 255,000 $ 165,000
Pinellas, Florida 2 $ 620,000 $ 310,000 $ 130,000
Santa Rosa, Florida 2 $ 670,000 $ 335,000 $ 90,000
Johnson, Indiana 2 $ 950,000 $ 475,000 $ 199,000
Monroe, Indiana 2 $ 340,000 $ 170,000 $ 116,000
Shelby, Kentucky 2 $ 610,000 $ 305,000 $ 84,000
Bernalillo, New Mexico 2 $ 410,000 $ 205,000 $ 83,000
Otero, New Mexico 2 $ 350,000 $ 175,000 $ 62,000
San Juan, New Mexico 2 $ 590,000 $ 295,000 $ 108,000
Crook, Oregon 2 $ 360,000 $ 180,000 $ 97,000
Lincoln, Oregon 2 $ 650,000 $ 325,000 $ 150,000
Delaware, Pennsylvania 2 $ 370,000 $ 185,000 $ 110,000
Philadelphia, Pennsylvania 2 $ 240,000 $ 120,000 $ 397,000
Brazos, Texas 2 $ 370,000 $ 185,000 $ 150,000
Denton, Texas 2 $ 590,000 $ 295,000 $ 157,000
Hays, Texas 2 $ 550,000 $ 275,000 $ 99,000
McLennan, Texas 2 $ 1,360,000 $ 680,000 $ 460,000
Grant, Washington 2 $ 380,000 $ 190,000 $ 108,000
Pacific, Washington 2 $ 740,000 $ 370,000 $ 166,000
Skagit, Washington 2 $ 1,010,000 $ 505,000 $ 118,000
Wahkiakum, Washington 2 $ 720,000 $ 360,000 $ 299,000
Baldwin, Alabama 1 $ 75,000 $ 75,000 $ 55,000
Madison, Alabama 1 $ 425,000 $ 425,000 $ 154,000
Contra Costa, California 1 $ 535,000 $ 535,000 $ 114,000
El Dorado, California 1 $ 325,000 $ 325,000 $ 157,000
Lake, California 1 $ 315,000 $ 315,000 $ 68,000
Modoc, California 1 $ 175,000 $ 175,000 $ 39,000
Monterey, California 1 $ 615,000 $ 615,000 $ 123,000
Shasta, California 1 $ 95,000 $ 95,000 $ 34,000
Siskiyou, California 1 $ 175,000 $ 175,000 $ 63,000
Solano, California 1 $ 455,000 $ 455,000 $ 162,000
Stanislaus, California 1 $ 475,000 $ 475,000 $ 123,000
Tuolumne, California 1 $ 515,000 $ 515,000 $ 134,000
Yuba, California 1 $ 345,000 $ 345,000 $ 66,000
Elbert, Colorado 1 $ 545,000 $ 545,000 $ 385,000
Fremont, Colorado 1 $ 255,000 $ 255,000 $ 72,000
Grand, Colorado 1 $ 855,000 $ 855,000 $ 435,000
Kit Carson, Colorado 1 $ 125,000 $ 125,000 $ 78,000
Montrose, Colorado 1 $ 205,000 $ 205,000 $ 267,000
Alachua, Florida 1 $ 265,000 $ 265,000 $ 130,000
Bradford, Florida 1 $ 325,000 $ 325,000 $ 113,000
Broward, Florida 1 $ 155,000 $ 155,000 $ 76,000
Citrus, Florida 1 $ 275,000 $ 275,000 $ 145,000
Hernando, Florida 1 $ 395,000 $ 395,000 $ 76,000
Hillsborough, Florida 1 $ 465,000 $ 465,000 $ 131,000
Lee, Florida 1 $ 335,000 $ 335,000 $ 70,000
Martin, Florida 1 $ 555,000 $ 555,000 $ 160,000
Orange, Florida 1 $ 95,000 $ 95,000 $ 54,000
Palm Beach, Florida 1 $ 275,000 $ 275,000 $ 177,000
Putnam, Florida 1 $ 85,000 $ 85,000 $ 78,000
Seminole, Florida 1 $ 685,000 $ 685,000 $ 150,000
St. Lucie, Florida 1 $ 595,000 $ 595,000 $ 270,000
Walton, Florida 1 $ 325,000 $ 325,000 $ 120,000
Bannock, Idaho 1 $ 505,000 $ 505,000 $ 139,000
Bonner, Idaho 1 $ 725,000 $ 725,000 $ 166,000
Franklin, Idaho 1 $ 395,000 $ 395,000 $ 511,000
Boone, Illinois 1 $ 435,000 $ 435,000 $ 161,000
DuPage, Illinois 1 $ 295,000 $ 295,000 $ 136,000
Kane, Illinois 1 $ 375,000 $ 375,000 $ 230,000
Dearborn, Indiana 1 $ 315,000 $ 315,000 $ 189,000
Hardin, Kentucky 1 $ 295,000 $ 295,000 $ 99,000
Ohio, Kentucky 1 $ 185,000 $ 185,000 $ 63,000
Taylor, Kentucky 1 $ 145,000 $ 145,000 $ 56,000
Deer Lodge, Montana 1 $ 175,000 $ 175,000 $ 31,000
Hooker, Nebraska 1 $ 155,000 $ 155,000 $ 48,000
Churchill, Nevada 1 $ 55,000 $ 55,000 $ 25,000
Lander, Nevada 1 $ 175,000 $ 175,000 $ 66,000
Dona Ana, New Mexico 1 $ 325,000 $ 325,000 $ 150,000
Grant, New Mexico 1 $ 255,000 $ 255,000 $ 106,000
Luna, New Mexico 1 $ 135,000 $ 135,000 $ 35,000
Sandoval, New Mexico 1 $ 245,000 $ 245,000 $ 59,000
Valencia, New Mexico 1 $ 465,000 $ 465,000 $ 128,000
Baker, Oregon 1 $ 145,000 $ 145,000 $ 93,000
Curry, Oregon 1 $ 115,000 $ 115,000 $ 98,000
Hood River, Oregon 1 $ 485,000 $ 485,000 $ 238,000
Chester, Pennsylvania 1 $ 435,000 $ 435,000 $ 374,000
York, Pennsylvania 1 $ 235,000 $ 235,000 $ 73,000
Hamilton, Tennessee 1 $ 335,000 $ 335,000 $ 171,000
Burleson, Texas 1 $ 135,000 $ 135,000 $ 75,000
Cameron, Texas 1 $ 195,000 $ 195,000 $ 76,000
Comal, Texas 1 $ 515,000 $ 515,000 $ 118,000
Dallas, Texas 1 $ 165,000 $ 165,000 $ 66,000
Grayson, Texas 1 $ 395,000 $ 395,000 $ 181,000
Henderson, Texas 1 $ 215,000 $ 215,000 $ 60,000
Kendall, Texas 1 $ 485,000 $ 485,000 $ 496,000
Lamar, Texas 1 $ 125,000 $ 125,000 $ 69,000
Limestone, Texas 1 $ 365,000 $ 365,000 $ 85,000
Randall, Texas 1 $ 125,000 $ 125,000 $ 55,000
Smith, Texas 1 $ 55,000 $ 55,000 $ 41,000
Taylor, Texas 1 $ 275,000 $ 275,000 $ 59,000
Davis, Utah 1 $ 275,000 $ 275,000 $ 82,000
Iron, Utah 1 $ 105,000 $ 105,000 $ 39,000
Weber, Utah 1 $ 315,000 $ 315,000 $ 127,000
Benton, Washington 1 $ 305,000 $ 305,000 $ 344,000
Clallam, Washington 1 $ 65,000 $ 65,000 $ 56,000
Island, Washington 1 $ 605,000 $ 605,000 $ 1,056,000
Klickitat, Washington 1 $ 255,000 $ 255,000 $ 86,000
Skamania, Washington 1 $ 725,000 $ 725,000 $ 322,000
Spokane, Washington 1 $ 165,000 $ 165,000 $ 94,000
Whatcom, Washington 1 $ 265,000 $ 265,000 $ 111,000

Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2023

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 6,563 $2,189,425,000 $333,000 $3,365,000 $126,000 $3,245,000
Cash-out Refinancing 1,109 $251,285,000 $226,000 $1,105,000 $100,000 $1,055,000
Refinancing 298 $80,420,000 $269,000 $1,945,000 $120,000 $2,527,000
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 3,868 $1,331,450,000 $344,000 $3,365,000 $138,000 $3,245,000
Hispanic 2,653 $715,105,000 $269,000 $1,745,000 $97,000 $2,054,000
Not Provided 869 $274,285,000 $315,000 $1,945,000 $119,000 $1,548,000
Black or African American 306 $99,300,000 $324,000 $1,905,000 $126,000 $2,119,000
Asian 175 $64,125,000 $366,000 $1,005,000 $142,000 $678,000
American Indian or Alaskan Native 52 $16,920,000 $325,000 $715,000 $116,000 $359,000
Native Hawaiian or Other Pacific Islander 10 $4,050,000 $405,000 $1,005,000 $162,000 $256,000
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) 4,497 $1,400,775,000 $311,000 $3,365,000 $144,000 $3,245,000
FHA-insured (Federal Housing Administration) 2,647 $808,905,000 $305,000 $855,000 $89,000 $864,000
VA-guaranteed (Veterans Administration) 787 $301,895,000 $383,000 $1,785,000 $109,000 $778,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 39 $9,555,000 $245,000 $415,000 $80,000 $130,000

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 4,880 $1,573,010,000 $322,000 $3,365,000 $123,000 $3,245,000
Application Withdrawn By Applicant 1,347 $420,775,000 $312,000 $2,065,000 $126,000 $2,527,000
File Closed For Incompleteness 1,162 $359,300,000 $309,000 $2,835,000 $112,000 $2,580,000
Application Denied By Financial Institution 404 $113,730,000 $281,000 $1,705,000 $116,000 $3,185,000
Application Approved But Not Accepted 177 $54,315,000 $306,000 $1,415,000 $123,000 $913,000
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 7,566 $2,407,400,000 $318,000 $3,365,000 $122,000 $3,245,000
Credit History 89 $23,375,000 $262,000 $795,000 $103,000 $864,000
Employment History 85 $27,915,000 $328,000 $1,705,000 $94,000 $438,000
Collateral 82 $18,690,000 $227,000 $745,000 $126,000 $1,548,000
Other 60 $18,280,000 $304,000 $795,000 $190,000 $3,185,000
Debt-To-Income Ratio 45 $13,155,000 $292,000 $745,000 $89,000 $300,000
Unverifiable Information 26 $7,300,000 $280,000 $515,000 $99,000 $190,000
Insufficient Cash (Downpayment, Closing Cost) 17 $5,015,000 $295,000 $725,000 $92,000 $199,000
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 2023 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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