Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2024

In 2024, Nova Financial & Investment Corporation of Tucson, AZ reported 6,917 mortgage applications totaling $2.2 billion, down 13% from 2023. The average application was for $318,323, and applicants reported an average income of $128,459. 69% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Tucson, AZ (1,872), Phoenix-Mesa-Scottsdale, AZ (1,855) and Yuma, AZ (911) (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 6,917
Total Mortgage Loan Application Amount $2,201,845,000
Average Mortgage Loan Application Amount $318,323
Highest Mortgage Loan Application Amount $4,205,000
Average Applicant Income $128,459
Highest Applicant Income $4,831,000

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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2024

County Total Number of Mortgage Loan Applications Total Dollar Amount of Mortgage Loans Applications Average Mortgage Loan Application Amount Average Applicant Income
Pima, Arizona 1,872 $ 540,670,000 $ 288,819 $ 130,000
Maricopa, Arizona 1,559 $ 509,265,000 $ 326,661 $ 122,000
Yuma, Arizona 911 $ 214,105,000 $ 235,021 $ 98,000
Pinal, Arizona 296 $ 81,060,000 $ 273,851 $ 99,000
Clark, Nevada 290 $ 99,120,000 $ 341,793 $ 124,000
Pierce, Washington 215 $ 94,735,000 $ 440,627 $ 141,000
Cochise, Arizona 149 $ 29,915,000 $ 200,771 $ 88,000
Denver, Colorado 106 $ 56,990,000 $ 537,641 $ 230,000
Arapahoe, Colorado 100 $ 48,090,000 $ 480,900 $ 174,000
Jefferson, Colorado 99 $ 49,105,000 $ 496,010 $ 188,000
Lane, Oregon 77 $ 26,055,000 $ 338,376 $ 168,000
Yavapai, Arizona 71 $ 23,765,000 $ 334,718 $ 138,000
Santa Cruz, Arizona 70 $ 16,760,000 $ 239,428 $ 98,000
Douglas, Colorado 62 $ 37,370,000 $ 602,741 $ 229,000
El Paso, Colorado 53 $ 21,525,000 $ 406,132 $ 158,000
Adams, Colorado 51 $ 16,935,000 $ 332,058 $ 125,000
Graham, Arizona 50 $ 10,790,000 $ 215,800 $ 97,000
King, Washington 50 $ 20,300,000 $ 406,000 $ 118,000
Coconino, Arizona 45 $ 19,635,000 $ 436,333 $ 172,000
San Diego, California 44 $ 29,900,000 $ 679,545 $ 290,000
Clark, Washington 35 $ 13,695,000 $ 391,285 $ 251,000
Weld, Colorado 32 $ 13,160,000 $ 411,250 $ 144,000
Mohave, Arizona 30 $ 7,010,000 $ 233,666 $ 83,000
Navajo, Arizona 29 $ 8,255,000 $ 284,655 $ 170,000
Dona Ana, New Mexico 27 $ 6,435,000 $ 238,333 $ 90,000
Kitsap, Washington 27 $ 10,695,000 $ 396,111 $ 118,000
La Paz, Arizona 24 $ 5,060,000 $ 210,833 $ 91,000
Thurston, Washington 24 $ 8,520,000 $ 355,000 $ 121,000
Boulder, Colorado 18 $ 8,640,000 $ 480,000 $ 128,000
Multnomah, Oregon 18 $ 8,630,000 $ 479,444 $ 147,000
Gila, Arizona 17 $ 6,395,000 $ 376,176 $ 165,000
Mason, Washington 15 $ 4,715,000 $ 314,333 $ 110,000
Broomfield, Colorado 14 $ 5,830,000 $ 416,428 $ 125,000
Marion, Florida 14 $ 3,390,000 $ 242,142 $ 74,000
Douglas, Oregon 14 $ 3,860,000 $ 275,714 $ 117,000
Larimer, Colorado 13 $ 5,515,000 $ 424,230 $ 164,000
Pueblo, Colorado 11 $ 2,305,000 $ 209,545 $ 61,000
Washington, Oregon 11 $ 4,375,000 $ 397,727 $ 100,000
Lewis, Washington 10 $ 3,170,000 $ 317,000 $ 94,000
Riverside, California 9 $ 3,465,000 $ 385,000 $ 172,000
Apache, Arizona 8 $ 1,700,000 $ 212,500 $ 105,000
Nye, Nevada 8 $ 2,500,000 $ 312,500 $ 88,000
El Paso, Texas 8 $ 2,280,000 $ 285,000 $ 160,000
Placer, California 7 $ 3,605,000 $ 515,000 $ 178,000
San Joaquin, California 7 $ 2,755,000 $ 393,571 $ 149,000
Bernalillo, New Mexico 7 $ 1,335,000 $ 190,714 $ 123,000
Luna, New Mexico 7 $ 915,000 $ 130,714 $ 65,000
Linn, Oregon 7 $ 1,725,000 $ 246,428 $ 109,000
Greenlee, Arizona 6 $ 1,480,000 $ 246,666 $ 126,000
Imperial, California 6 $ 1,500,000 $ 250,000 $ 99,000
Elbert, Colorado 6 $ 3,010,000 $ 501,666 $ 162,000
Polk, Florida 6 $ 1,670,000 $ 278,333 $ 87,000
Tarrant, Texas 6 $ 2,110,000 $ 351,666 $ 141,000
Lake, Florida 5 $ 1,395,000 $ 279,000 $ 111,000
Ada, Idaho 5 $ 3,375,000 $ 675,000 $ 364,000
Grant, New Mexico 5 $ 1,095,000 $ 219,000 $ 77,000
Clackamas, Oregon 5 $ 1,815,000 $ 363,000 $ 140,000
Montgomery, Pennsylvania 5 $ 1,425,000 $ 285,000 $ 108,000
Dallas, Texas 5 $ 2,025,000 $ 405,000 $ 185,000
Travis, Texas 5 $ 1,425,000 $ 285,000 $ 197,000
Grays Harbor, Washington 5 $ 1,155,000 $ 231,000 $ 92,000
Snohomish, Washington 5 $ 2,705,000 $ 541,000 $ 134,000
Los Angeles, California 4 $ 1,270,000 $ 317,500 $ 135,000
Sacramento, California 4 $ 2,030,000 $ 507,500 $ 147,000
San Bernardino, California 4 $ 2,280,000 $ 570,000 $ 630,000
San Luis Obispo, California 4 $ 1,930,000 $ 482,500 $ 125,000
Jackson, Oregon 4 $ 1,160,000 $ 290,000 $ 65,000
Marion, Oregon 4 $ 860,000 $ 215,000 $ 95,000
Harris, Texas 4 $ 1,220,000 $ 305,000 $ 90,000
Cowlitz, Washington 4 $ 1,570,000 $ 392,500 $ 128,000
El Dorado, California 3 $ 895,000 $ 298,333 $ 80,000
Orange, California 3 $ 2,225,000 $ 741,666 $ 423,000
Clear Creek, Colorado 3 $ 1,435,000 $ 478,333 $ 167,000
Teller, Colorado 3 $ 915,000 $ 305,000 $ 171,000
Bay, Florida 3 $ 965,000 $ 321,666 $ 106,000
Washoe, Nevada 3 $ 765,000 $ 255,000 $ 34,000
Chaves, New Mexico 3 $ 495,000 $ 165,000 $ 44,000
Coos, Oregon 3 $ 815,000 $ 271,666 $ 82,000
Delaware, Pennsylvania 3 $ 1,215,000 $ 405,000 $ 192,000
Denton, Texas 3 $ 1,445,000 $ 481,666 $ 407,000
Washington, Utah 3 $ 1,365,000 $ 455,000 $ 168,000
Madison, Alabama 2 $ 500,000 $ 250,000 $ 166,000
Alameda, California 2 $ 1,260,000 $ 630,000 $ 208,000
Kern, California 2 $ 770,000 $ 385,000 $ 195,000
Madera, California 2 $ 530,000 $ 265,000 $ 150,000
Yuba, California 2 $ 470,000 $ 235,000 $ 109,000
Garfield, Colorado 2 $ 1,010,000 $ 505,000 $ 0
Lake, Colorado 2 $ 950,000 $ 475,000 $ 162,000
Mesa, Colorado 2 $ 970,000 $ 485,000 $ 143,000
Moffat, Colorado 2 $ 440,000 $ 220,000 $ 152,000
Park, Colorado 2 $ 900,000 $ 450,000 $ 86,000
Summit, Colorado 2 $ 1,130,000 $ 565,000 $ 358,000
Broward, Florida 2 $ 840,000 $ 420,000 $ 338,000
Charlotte, Florida 2 $ 740,000 $ 370,000 $ 165,000
Hernando, Florida 2 $ 390,000 $ 195,000 $ 161,000
Lee, Florida 2 $ 450,000 $ 225,000 $ 72,000
Okaloosa, Florida 2 $ 1,050,000 $ 525,000 $ 67,000
Osceola, Florida 2 $ 470,000 $ 235,000 $ 243,000
Pinellas, Florida 2 $ 830,000 $ 415,000 $ 192,000
Seminole, Florida 2 $ 770,000 $ 385,000 $ 108,000
St. Johns, Florida 2 $ 1,000,000 $ 500,000 $ 238,000
Volusia, Florida 2 $ 730,000 $ 365,000 $ 291,000
Walton, Florida 2 $ 1,350,000 $ 675,000 $ 227,000
Canyon, Idaho 2 $ 460,000 $ 230,000 $ 99,000
Lewis and Clark, Montana 2 $ 820,000 $ 410,000 $ 95,000
Yellowstone, Montana 2 $ 1,070,000 $ 535,000 $ 122,000
Lyon, Nevada 2 $ 760,000 $ 380,000 $ 94,000
Valencia, New Mexico 2 $ 280,000 $ 140,000 $ 79,000
Oklahoma, Oklahoma 2 $ 420,000 $ 210,000 $ 893,000
Columbia, Oregon 2 $ 760,000 $ 380,000 $ 155,000
Josephine, Oregon 2 $ 540,000 $ 270,000 $ 123,000
Philadelphia, Pennsylvania 2 $ 670,000 $ 335,000 $ 26,000
Anderson, Texas 2 $ 810,000 $ 405,000 $ 108,000
Burnet, Texas 2 $ 310,000 $ 155,000 $ 76,000
Fort Bend, Texas 2 $ 700,000 $ 350,000 $ 161,000
Hale, Texas 2 $ 380,000 $ 190,000 $ 106,000
Tom Green, Texas 2 $ 540,000 $ 270,000 $ 104,000
Salt Lake, Utah 2 $ 820,000 $ 410,000 $ 114,000
Whatcom, Washington 2 $ 500,000 $ 250,000 $ 165,000
Yakima, Washington 2 $ 790,000 $ 395,000 $ 413,000
Montgomery, Alabama 1 $ 55,000 $ 55,000 $ 20,000
Shelby, Alabama 1 $ 355,000 $ 355,000 $ 194,000
Fresno, California 1 $ 85,000 $ 85,000 $ 34,000
Lassen, California 1 $ 405,000 $ 405,000 $ 119,000
Merced, California 1 $ 475,000 $ 475,000 $ 79,000
San Mateo, California 1 $ 555,000 $ 555,000 $ 1,073,000
Santa Barbara, California 1 $ 685,000 $ 685,000 $ 231,000
Shasta, California 1 $ 165,000 $ 165,000 $ 191,000
Sutter, California 1 $ 55,000 $ 55,000 $ 94,000
Trinity, California 1 $ 335,000 $ 335,000 $ 428,000
Tuolumne, California 1 $ 525,000 $ 525,000 $ 0
Ventura, California 1 $ 275,000 $ 275,000 $ 70,000
Archuleta, Colorado 1 $ 305,000 $ 305,000 $ 397,000
Chaffee, Colorado 1 $ 575,000 $ 575,000 $ 102,000
Custer, Colorado 1 $ 1,085,000 $ 1,085,000 $ 747,000
Eagle, Colorado 1 $ 385,000 $ 385,000 $ 150,000
Grand, Colorado 1 $ 425,000 $ 425,000 $ 98,000
La Plata, Colorado 1 $ 355,000 $ 355,000 $ 300,000
Lincoln, Colorado 1 $ 65,000 $ 65,000 $ 87,000
Logan, Colorado 1 $ 185,000 $ 185,000 $ 147,000
Brevard, Florida 1 $ 335,000 $ 335,000 $ 116,000
Flagler, Florida 1 $ 765,000 $ 765,000 $ 190,000
Gulf, Florida 1 $ 575,000 $ 575,000 $ 603,000
Hillsborough, Florida 1 $ 735,000 $ 735,000 $ 254,000
Orange, Florida 1 $ 85,000 $ 85,000 $ 137,000
Palm Beach, Florida 1 $ 445,000 $ 445,000 $ 200,000
Sarasota, Florida 1 $ 445,000 $ 445,000 $ 193,000
Sumter, Florida 1 $ 405,000 $ 405,000 $ 101,000
Bonner, Idaho 1 $ 565,000 $ 565,000 $ 71,000
Gooding, Idaho 1 $ 215,000 $ 215,000 $ 77,000
Cook, Illinois 1 $ 55,000 $ 55,000 $ 220,000
Kane, Illinois 1 $ 125,000 $ 125,000 $ 35,000
Lake, Illinois 1 $ 375,000 $ 375,000 $ 185,000
Marion, Indiana 1 $ 305,000 $ 305,000 $ 0
Putnam, Indiana 1 $ 175,000 $ 175,000 $ 91,000
Carbon, Montana 1 $ 675,000 $ 675,000 $ 188,000
Silver Bow, Montana 1 $ 345,000 $ 345,000 $ 185,000
Douglas, Nebraska 1 $ 275,000 $ 275,000 $ 72,000
Lancaster, Nebraska 1 $ 385,000 $ 385,000 $ 108,000
Douglas, Nevada 1 $ 505,000 $ 505,000 $ 186,000
Elko, Nevada 1 $ 375,000 $ 375,000 $ 115,000
Storey, Nevada 1 $ 255,000 $ 255,000 $ 56,000
Eddy, New Mexico 1 $ 185,000 $ 185,000 $ 165,000
Otero, New Mexico 1 $ 155,000 $ 155,000 $ 229,000
Quay, New Mexico 1 $ 255,000 $ 255,000 $ 72,000
Cleveland, North Carolina 1 $ 525,000 $ 525,000 $ 144,000
Jefferson, Oregon 1 $ 255,000 $ 255,000 $ 58,000
Umatilla, Oregon 1 $ 225,000 $ 225,000 $ 66,000
Centre, Pennsylvania 1 $ 235,000 $ 235,000 $ 116,000
Lancaster, South Carolina 1 $ 525,000 $ 525,000 $ 144,000
Cocke, Tennessee 1 $ 195,000 $ 195,000 $ 47,000
Knox, Tennessee 1 $ 345,000 $ 345,000 $ 300,000
Shelby, Tennessee 1 $ 535,000 $ 535,000 $ 257,000
Bell, Texas 1 $ 195,000 $ 195,000 $ 54,000
Bexar, Texas 1 $ 185,000 $ 185,000 $ 133,000
Bowie, Texas 1 $ 105,000 $ 105,000 $ 105,000
Comal, Texas 1 $ 845,000 $ 845,000 $ 300,000
Comanche, Texas 1 $ 365,000 $ 365,000 $ 140,000
Eastland, Texas 1 $ 245,000 $ 245,000 $ 350,000
Ector, Texas 1 $ 275,000 $ 275,000 $ 68,000
Grayson, Texas 1 $ 205,000 $ 205,000 $ 101,000
Grimes, Texas 1 $ 325,000 $ 325,000 $ 88,000
Harrison, Texas 1 $ 235,000 $ 235,000 $ 205,000
Hays, Texas 1 $ 575,000 $ 575,000 $ 180,000
Hidalgo, Texas 1 $ 395,000 $ 395,000 $ 225,000
Hill, Texas 1 $ 125,000 $ 125,000 $ 108,000
Hood, Texas 1 $ 255,000 $ 255,000 $ 69,000
Kaufman, Texas 1 $ 265,000 $ 265,000 $ 86,000
Lubbock, Texas 1 $ 75,000 $ 75,000 $ 97,000
McLennan, Texas 1 $ 275,000 $ 275,000 $ 141,000
Parker, Texas 1 $ 175,000 $ 175,000 $ 89,000
Rusk, Texas 1 $ 205,000 $ 205,000 $ 68,000
Titus, Texas 1 $ 275,000 $ 275,000 $ 68,000
Val Verde, Texas 1 $ 355,000 $ 355,000 $ 176,000
Chelan, Washington 1 $ 385,000 $ 385,000 $ 104,000
Douglas, Washington 1 $ 405,000 $ 405,000 $ 0
Laramie, Wyoming 1 $ 335,000 $ 335,000 $ 156,000
Lincoln, Wyoming 1 $ 315,000 $ 315,000 $ 375,000

Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2024

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 5,110 $1,735,970,000 $339,000 $4,205,000 $133,000 $4,831,000
Cash-out Refinancing 1,124 $253,070,000 $225,000 $2,305,000 $111,000 $1,981,000
Refinancing 646 $208,840,000 $323,000 $2,245,000 $123,000 $2,580,000
Other Purpose 37 $3,965,000 $107,000 $365,000 $127,000 $1,800,000
Home Improvement 0 $0 $0 $0 $0 $0
Not Applicable 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 3,317 $1,161,215,000 $350,000 $4,205,000 $146,000 $4,831,000
Hispanic 2,084 $538,060,000 $258,000 $2,305,000 $96,000 $1,772,000
Not Provided 1,051 $337,975,000 $321,000 $1,445,000 $134,000 $1,861,000
Asian 209 $80,375,000 $384,000 $1,785,000 $174,000 $1,800,000
Black or African American 202 $66,770,000 $330,000 $1,095,000 $115,000 $683,000
American Indian or Alaskan Native 44 $13,780,000 $313,000 $705,000 $104,000 $291,000
Native Hawaiian or Other Pacific Islander 10 $3,670,000 $367,000 $745,000 $126,000 $350,000
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) 4,252 $1,306,710,000 $307,000 $4,205,000 $148,000 $4,831,000
FHA-insured (Federal Housing Administration) 1,986 $631,340,000 $317,000 $955,000 $94,000 $1,800,000
VA-guaranteed (Veterans Administration) 634 $252,780,000 $398,000 $1,115,000 $106,000 $632,000
FSA/RHS (Farm Service Agency or Rural Housing Service) 45 $11,015,000 $244,000 $465,000 $74,000 $125,000

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 4,748 $1,530,890,000 $322,000 $2,305,000 $130,000 $4,831,000
Application Withdrawn By Applicant 1,128 $364,690,000 $323,000 $2,285,000 $124,000 $1,861,000
File Closed For Incompleteness 532 $158,780,000 $298,000 $1,995,000 $129,000 $1,772,000
Application Denied By Financial Institution 363 $97,755,000 $269,000 $4,205,000 $119,000 $2,580,000
Application Approved But Not Accepted 146 $49,730,000 $340,000 $1,605,000 $126,000 $708,000
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 6,554 $2,104,090,000 $321,000 $2,305,000 $129,000 $4,831,000
Credit History 76 $18,230,000 $239,000 $805,000 $128,000 $2,580,000
Collateral 73 $20,185,000 $276,000 $4,205,000 $124,000 $1,800,000
Debt-To-Income Ratio 68 $18,060,000 $265,000 $935,000 $92,000 $252,000
Other 61 $16,695,000 $273,000 $1,005,000 $165,000 $1,800,000
Employment History 55 $16,125,000 $293,000 $1,305,000 $92,000 $426,000
Insufficient Cash (Downpayment, Closing Cost) 16 $4,940,000 $308,000 $665,000 $101,000 $256,000
Unverifiable Information 14 $3,520,000 $251,000 $545,000 $112,000 $240,000
Credit Application Incomplete 0 $0 $0 $0 $0 $0
Mortgage Insurance Denied 0 $0 $0 $0 $0 $0

Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2024 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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