Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2009
In 2009, Nova Financial & Investment Corporation of Tucson, AZ reported 9,554 mortgage applications totaling $1.7 billion, up 192% from 2008. The average application was for $179,796, and applicants reported an average income of $79,749. 78% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Tucson, AZ (5,420), Phoenix-Mesa-Scottsdale, AZ (1,997) and Yuma, AZ (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 | 9,554 |
| Total Mortgage Loan Application Amount | $1,717,779,000 |
| Average Mortgage Loan Application Amount | $179,796 |
| Highest Mortgage Loan Application Amount | $1,800,000 |
| Average Applicant Income | $79,749 |
| Highest Applicant Income | $1,932,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 5,420 | $ 994,905,000 | $ 183,561 | $ 81,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1,997 | $ 339,224,000 | $ 169,866 | $ 75,000 |
| Yuma, AZ | 285 | $ 41,418,000 | $ 145,326 | $ 56,000 |
| New Orleans-Metairie-Kenner, LA | 74 | $ 9,954,000 | $ 134,513 | $ 51,000 |
| Los Angeles-Long Beach-Glendale, CA | 29 | $ 9,203,000 | $ 317,344 | $ 103,000 |
| San Diego-Carlsbad-San Marcos, CA | 25 | $ 7,402,000 | $ 296,080 | $ 145,000 |
| Flagstaff, AZ | 18 | $ 4,495,000 | $ 249,722 | $ 230,000 |
| Prescott, AZ | 17 | $ 3,563,000 | $ 209,588 | $ 66,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 14 | $ 3,584,000 | $ 256,000 | $ 82,000 |
| Denver-Aurora-Broomfield, CO | 11 | $ 2,536,000 | $ 230,545 | $ 94,000 |
| Dallas-Plano-Irving, TX | 10 | $ 1,653,000 | $ 165,300 | $ 175,000 |
| Riverside-San Bernardino-Ontario, CA | 9 | $ 1,775,000 | $ 197,222 | $ 58,000 |
| Santa Ana-Anaheim-Irvine, CA | 8 | $ 2,746,000 | $ 343,250 | $ 232,000 |
| Oakland-Fremont-Hayward, CA | 7 | $ 2,080,000 | $ 297,142 | $ 117,000 |
| Austin-Round Rock, TX | 6 | $ 1,266,000 | $ 211,000 | $ 95,000 |
| Portland-Vancouver-Beaverton, OR-WA | 6 | $ 1,076,000 | $ 179,333 | $ 84,500 |
| Fort Worth-Arlington, TX | 5 | $ 885,000 | $ 177,000 | $ 91,000 |
| Lake Havasu City-Kingman, AZ | 5 | $ 602,000 | $ 120,400 | $ 123,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 5 | $ 1,787,000 | $ 357,400 | $ 121,000 |
| San Antonio, TX | 5 | $ 1,163,000 | $ 232,600 | $ 74,000 |
| Albuquerque, NM | 4 | $ 784,000 | $ 196,000 | $ 35,000 |
| Colorado Springs, CO | 4 | $ 1,030,000 | $ 257,500 | $ 141,000 |
| Fort Collins-Loveland, CO | 4 | $ 1,294,000 | $ 323,500 | $ 139,000 |
| Seattle-Bellevue-Everett, WA | 4 | $ 1,010,000 | $ 252,500 | $ 88,000 |
| El Paso, TX | 3 | $ 336,000 | $ 112,000 | $ 89,000 |
| Houston-Sugar Land-Baytown, TX | 3 | $ 538,000 | $ 179,333 | $ 62,000 |
| Salinas, CA | 3 | $ 931,000 | $ 310,333 | $ 151,000 |
| Salt Lake City, UT | 3 | $ 998,000 | $ 332,666 | $ 152,000 |
| Santa Rosa-Petaluma, CA | 3 | $ 1,480,000 | $ 493,333 | $ 151,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 3 | $ 875,000 | $ 291,666 | $ 100,000 |
| Bellingham, WA | 2 | $ 580,000 | $ 290,000 | $ 68,000 |
| Boulder, CO | 2 | $ 350,000 | $ 175,000 | $ 211,000 |
| Detroit-Livonia-Dearborn, MI | 2 | $ 553,000 | $ 276,500 | $ 91,000 |
| Greeley, CO | 2 | $ 338,000 | $ 169,000 | $ 34,000 |
| Las Cruces, NM | 2 | $ 170,000 | $ 85,000 | $ 40,000 |
| Medford, OR | 2 | $ 686,000 | $ 343,000 | $ 258,000 |
| Oklahoma City, OK | 2 | $ 240,000 | $ 120,000 | $ 21,000 |
| Spokane, WA | 2 | $ 187,000 | $ 93,500 | $ 23,000 |
| Tacoma, WA | 2 | $ 1,527,000 | $ 763,500 | $ 307,000 |
| Anchorage, AK | 1 | $ 109,000 | $ 109,000 | $ 35,000 |
| Bakersfield, CA | 1 | $ 180,000 | $ 180,000 | $ 169,000 |
| Boise City-Nampa, ID | 1 | $ 417,000 | $ 417,000 | $ 144,000 |
| Bridgeport-Stamford-Norwalk, CT | 1 | $ 181,000 | $ 181,000 | $ 41,000 |
| Brownsville-Harlingen, TX | 1 | $ 136,000 | $ 136,000 | $ 109,000 |
| College Station-Bryan, TX | 1 | $ 147,000 | $ 147,000 | $ 70,000 |
| Eugene-Springfield, OR | 1 | $ 381,000 | $ 381,000 | $ 416,000 |
| Fresno, CA | 1 | $ 73,000 | $ 73,000 | $ 34,000 |
| Grand Junction, CO | 1 | $ 208,000 | $ 208,000 | $ 78,000 |
| Hartford-West Hartford-East Hartford, CT | 1 | $ 308,000 | $ 308,000 | $ 77,000 |
| Honolulu, HI | 1 | $ 720,000 | $ 720,000 | $ 289,000 |
| Houma-Bayou Cane-Thibodaux, LA | 1 | $ 136,000 | $ 136,000 | $ 51,000 |
| Kalamazoo-Portage, MI | 1 | $ 166,000 | $ 166,000 | $ 182,000 |
| Lakeland-Winter Haven, FL | 1 | $ 100,000 | $ 100,000 | $ 36,000 |
| Lubbock, TX | 1 | $ 124,000 | $ 124,000 | $ 145,000 |
| McAllen-Edinburg-Mission, TX | 1 | $ 310,000 | $ 310,000 | $ 199,000 |
| Milwaukee-Waukesha-West Allis, WI | 1 | $ 190,000 | $ 190,000 | $ 168,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 174,000 | $ 174,000 | $ 78,000 |
| Modesto, CA | 1 | $ 208,000 | $ 208,000 | $ 154,000 |
| Nassau-Suffolk, NY | 1 | $ 328,000 | $ 328,000 | $ 68,000 |
| Orlando-Kissimmee, FL | 1 | $ 125,000 | $ 125,000 | $ 50,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 51,000 | $ 51,000 | $ 90,000 |
| Pocatello, ID | 1 | $ 211,000 | $ 211,000 | $ 99,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 1,400,000 | $ 1,400,000 | $ 0 |
| San Jose-Sunnyvale-Santa Clara, CA | 1 | $ 270,000 | $ 270,000 | $ 59,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 1 | $ 1,800,000 | $ 1,800,000 | $ 720,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 417,000 | $ 417,000 | $ 121,000 |
| Stockton, CA | 1 | $ 382,000 | $ 382,000 | $ 163,000 |
| Vallejo-Fairfield, CA | 1 | $ 316,000 | $ 316,000 | $ 77,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 1 | $ 185,000 | $ 185,000 | $ 588,000 |
| Visalia-Porterville, CA | 1 | $ 176,000 | $ 176,000 | $ 40,000 |
| Waterloo-Cedar Falls, IA | 1 | $ 141,000 | $ 141,000 | $ 79,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 167,000 | $ 167,000 | $ 82,000 |
| Yakima, WA | 1 | $ 113,000 | $ 113,000 | $ 24,000 |
| Yuba City, CA | 1 | $ 171,000 | $ 171,000 | $ 85,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2009
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 | 5,084 | $800,258,000 | $157,000 | $1,000,000 | $72,000 | $1,932,000 |
| Refinancing | 4,407 | $910,101,000 | $206,000 | $1,800,000 | $89,000 | $1,896,000 |
| Home Improvement | 63 | $7,420,000 | $117,000 | $615,000 | $58,000 | $192,000 |
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 | 6,553 | $1,247,799,000 | $190,000 | $1,500,000 | $84,000 | $1,743,000 |
| Hispanic | 1,702 | $242,030,000 | $142,000 | $850,000 | $48,000 | $924,000 |
| Not Provided | 857 | $152,315,000 | $177,000 | $1,800,000 | $118,000 | $1,932,000 |
| Black or African American | 200 | $30,351,000 | $151,000 | $417,000 | $54,000 | $294,000 |
| Asian | 186 | $36,502,000 | $196,000 | $850,000 | $89,000 | $417,000 |
| Native Hawaiian or Other Pacific Islander | 29 | $5,286,000 | $182,000 | $417,000 | $119,000 | $1,186,000 |
| American Indian or Alaskan Native | 27 | $3,496,000 | $129,000 | $253,000 | $60,000 | $150,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 4,468 | $675,341,000 | $151,000 | $573,000 | $49,000 | $1,062,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 4,176 | $875,884,000 | $209,000 | $1,800,000 | $119,000 | $1,932,000 |
| VA-guaranteed (Veterans Administration) | 804 | $151,439,000 | $188,000 | $729,000 | $52,000 | $529,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 106 | $15,115,000 | $142,000 | $301,000 | $48,000 | $102,000 |
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 | 7,490 | $1,354,586,000 | $180,000 | $1,500,000 | $76,000 | $1,743,000 |
| Application Withdrawn By Applicant | 1,422 | $247,968,000 | $174,000 | $1,419,000 | $100,000 | $1,932,000 |
| Application Denied By Financial Institution | 359 | $59,537,000 | $165,000 | $1,400,000 | $69,000 | $704,000 |
| File Closed For Incompleteness | 283 | $55,688,000 | $196,000 | $1,800,000 | $93,000 | $896,000 |
| Application Approved But Not Accepted | 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 |
|---|---|---|---|---|---|---|
| Other | 220 | $37,562,000 | $170,000 | $840,000 | $67,000 | $262,000 |
| Credit Application Incomplete | 44 | $8,253,000 | $187,000 | $1,400,000 | $66,000 | $192,000 |
| Collateral | 28 | $4,406,000 | $157,000 | $368,000 | $138,000 | $704,000 |
| Debt-To-Income Ratio | 24 | $3,264,000 | $136,000 | $367,000 | $65,000 | $227,000 |
| Credit History | 19 | $2,875,000 | $151,000 | $337,000 | $42,000 | $96,000 |
| Unverifiable Information | 13 | $1,735,000 | $133,000 | $286,000 | $50,000 | $112,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $868,000 | $144,000 | $275,000 | $38,000 | $57,000 |
| Employment History | 5 | $574,000 | $114,000 | $154,000 | $32,000 | $42,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2009 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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