Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2005
In 2005, Nova Financial & Investment Corporation of Tucson, AZ reported 6,114 mortgage applications totaling $1.1 billion. The average application was for $177,451, and applicants reported an average income of $101,971. 100% of its applications resulted in an originated loan and 0% were denied. Its largest markets were Tucson, AZ (4,385), Phoenix-Mesa-Scottsdale, AZ (1,063) and Yuma, AZ (302) (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 | 6,114 |
| Total Mortgage Loan Application Amount | $1,084,938,000 |
| Average Mortgage Loan Application Amount | $177,451 |
| Highest Mortgage Loan Application Amount | $1,750,000 |
| Average Applicant Income | $101,971 |
| Highest Applicant Income | $3,281,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
| Metro Area | Total Number of Mortgage Loan Applications | Total Dollar Amount of Mortgage Loan Applications | Average Mortgage Loan Application Amount | Average Applicant Income |
|---|---|---|---|---|
| Tucson, AZ | 4,385 | $ 741,367,000 | $ 169,068 | $ 81,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1,063 | $ 232,074,000 | $ 218,319 | $ 177,000 |
| Yuma, AZ | 302 | $ 41,871,000 | $ 138,645 | $ 57,000 |
| Prescott, AZ | 20 | $ 3,890,000 | $ 194,500 | $ 179,000 |
| San Diego-Carlsbad-San Marcos, CA | 17 | $ 7,794,000 | $ 458,470 | $ 163,000 |
| Los Angeles-Long Beach-Glendale, CA | 13 | $ 4,576,000 | $ 352,000 | $ 215,000 |
| Flagstaff, AZ | 11 | $ 2,480,000 | $ 225,454 | $ 255,000 |
| Riverside-San Bernardino-Ontario, CA | 9 | $ 2,112,000 | $ 234,666 | $ 111,000 |
| Boise City-Nampa, ID | 8 | $ 588,000 | $ 73,500 | $ 749,000 |
| Seattle-Bellevue-Everett, WA | 6 | $ 1,720,000 | $ 286,666 | $ 157,000 |
| Denver-Aurora, CO | 5 | $ 1,556,000 | $ 311,200 | $ 284,000 |
| Portland-Vancouver-Beaverton, OR-WA | 5 | $ 1,427,000 | $ 285,400 | $ 161,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 3 | $ 1,115,000 | $ 371,666 | $ 243,000 |
| Santa Fe, NM | 3 | $ 1,236,000 | $ 412,000 | $ 151,000 |
| Albuquerque, NM | 2 | $ 228,000 | $ 114,000 | $ 63,000 |
| Bellingham, WA | 2 | $ 454,000 | $ 227,000 | $ 233,000 |
| El Centro, CA | 2 | $ 250,000 | $ 125,000 | $ 84,000 |
| Fort Collins-Loveland, CO | 2 | $ 158,000 | $ 79,000 | $ 44,000 |
| Grand Junction, CO | 2 | $ 256,000 | $ 128,000 | $ 103,000 |
| Holland-Grand Haven, MI | 2 | $ 326,000 | $ 163,000 | $ 116,000 |
| Las Vegas-Paradise, NV | 2 | $ 402,000 | $ 201,000 | $ 181,000 |
| Medford, OR | 2 | $ 683,000 | $ 341,500 | $ 276,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 2 | $ 680,000 | $ 340,000 | $ 88,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 2 | $ 469,000 | $ 234,500 | $ 107,000 |
| Salt Lake City, UT | 2 | $ 432,000 | $ 216,000 | $ 86,000 |
| Santa Rosa-Petaluma, CA | 2 | $ 709,000 | $ 354,500 | $ 408,000 |
| Tacoma, WA | 2 | $ 171,000 | $ 85,500 | $ 54,000 |
| Greeley, CO | 1 | $ 190,000 | $ 190,000 | $ 198,000 |
| Honolulu, HI | 1 | $ 1,000,000 | $ 1,000,000 | $ 259,000 |
| Las Cruces, NM | 1 | $ 171,000 | $ 171,000 | $ 44,000 |
| Modesto, CA | 1 | $ 450,000 | $ 450,000 | $ 138,000 |
| Ogden-Clearfield, UT | 1 | $ 416,000 | $ 416,000 | $ 154,000 |
| Orlando, FL | 1 | $ 588,000 | $ 588,000 | $ 464,000 |
| Redding, CA | 1 | $ 261,000 | $ 261,000 | $ 247,000 |
| Salem, OR | 1 | $ 146,000 | $ 146,000 | $ 51,000 |
| Spokane, WA | 1 | $ 98,000 | $ 98,000 | $ 0 |
| Wenatchee, WA | 1 | $ 107,000 | $ 107,000 | $ 178,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2005
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 | 3,305 | $551,189,000 | $258,454 | $1,600,000 | $229,545 | $3,281,000 |
| Refinancing | 2,801 | $528,350,000 | $349,333 | $1,750,000 | $216,666 | $1,087,000 |
| Home Improvement | 8 | $5,399,000 | $674,000 | $1,700,000 | $416,000 | $1,344,000 |
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 | 4,731 | $870,391,000 | $340,923 | $1,750,000 | $263,538 | $3,281,000 |
| Hispanic | 833 | $115,557,000 | $155,666 | $1,500,000 | $149,333 | $925,000 |
| Not Provided | 345 | $58,553,000 | $212,666 | $1,083,000 | $134,666 | $1,344,000 |
| Asian | 106 | $19,775,000 | $186,000 | $1,233,000 | $91,000 | $626,000 |
| Black or African American | 82 | $17,082,000 | $208,000 | $1,000,000 | $143,000 | $1,489,000 |
| Native Hawaiian or Other Pacific Islander | 9 | $1,974,000 | $219,000 | $512,000 | $103,000 | $239,000 |
| American Indian or Alaskan Native | 8 | $1,606,000 | $200,000 | $360,000 | $212,000 | $300,000 |
| 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) | 5,919 | $1,053,767,000 | $332,923 | $1,750,000 | $266,923 | $3,281,000 |
| VA-guaranteed (Veterans Administration) | 101 | $19,260,000 | $190,000 | $360,000 | $58,000 | $204,000 |
| FHA-insured (Federal Housing Administration) | 94 | $11,911,000 | $126,000 | $204,000 | $50,000 | $218,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 6,111 | $1,084,359,000 | $332,923 | $1,750,000 | $265,230 | $3,281,000 |
| Application Approved But Not Accepted | 3 | $579,000 | $193,000 | $338,000 | $98,000 | $240,000 |
| Application Denied By Financial Institution | 0 | $0 | $0 | $0 | $0 | $0 |
| Application Withdrawn By Applicant | 0 | $0 | $0 | $0 | $0 | $0 |
| File Closed For Incompleteness | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Collateral | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit History | 0 | $0 | $0 | $0 | $0 | $0 |
| Debt-To-Income Ratio | 0 | $0 | $0 | $0 | $0 | $0 |
| Employment History | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Other | 0 | $0 | $0 | $0 | $0 | $0 |
| Unverifiable Information | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2005 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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