Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2010
In 2010, Nova Financial & Investment Corporation of Tucson, AZ reported 10,582 mortgage applications totaling $1.8 billion, up 11% from 2009. The average application was for $172,419, and applicants reported an average income of $78,899. 72% of its applications resulted in an originated loan and 2% were denied. Its largest markets were Tucson, AZ (5,371), Phoenix-Mesa-Glendale, AZ (3,502) and Yuma, AZ (246) (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 | 10,582 |
| Total Mortgage Loan Application Amount | $1,824,542,000 |
| Average Mortgage Loan Application Amount | $172,419 |
| Highest Mortgage Loan Application Amount | $1,200,000 |
| Average Applicant Income | $78,899 |
| Highest Applicant Income | $1,798,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 5,371 | $ 942,787,000 | $ 175,532 | $ 80,000 |
| Phoenix-Mesa-Glendale, AZ | 3,502 | $ 585,770,000 | $ 167,267 | $ 77,000 |
| Yuma, AZ | 246 | $ 34,601,000 | $ 140,654 | $ 66,000 |
| New Orleans-Metairie-Kenner, LA | 67 | $ 7,491,000 | $ 111,805 | $ 36,000 |
| Prescott, AZ | 39 | $ 6,955,000 | $ 178,333 | $ 116,000 |
| San Diego-Carlsbad-San Marcos, CA | 20 | $ 7,258,000 | $ 362,900 | $ 131,000 |
| Albuquerque, NM | 19 | $ 3,355,000 | $ 176,578 | $ 61,000 |
| Riverside-San Bernardino-Ontario, CA | 18 | $ 3,247,000 | $ 180,388 | $ 92,000 |
| Flagstaff, AZ | 17 | $ 3,715,000 | $ 218,529 | $ 121,000 |
| Los Angeles-Long Beach-Glendale, CA | 16 | $ 6,153,000 | $ 384,562 | $ 113,000 |
| Houston-Sugar Land-Baytown, TX | 9 | $ 2,614,000 | $ 290,444 | $ 141,000 |
| Seattle-Bellevue-Everett, WA | 9 | $ 3,401,000 | $ 377,888 | $ 147,000 |
| Denver-Aurora-Broomfield, CO | 8 | $ 1,452,000 | $ 181,500 | $ 91,000 |
| Santa Ana-Anaheim-Irvine, CA | 8 | $ 2,126,000 | $ 265,750 | $ 116,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 8 | $ 1,774,000 | $ 221,750 | $ 102,000 |
| Lake Havasu City-Kingman, AZ | 7 | $ 1,019,000 | $ 145,571 | $ 98,000 |
| Oakland-Fremont-Hayward, CA | 7 | $ 2,479,000 | $ 354,142 | $ 118,000 |
| Salt Lake City, UT | 7 | $ 1,502,000 | $ 214,571 | $ 102,000 |
| Fort Worth-Arlington, TX | 6 | $ 790,000 | $ 131,666 | $ 86,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 6 | $ 1,723,000 | $ 287,166 | $ 111,000 |
| North Port-Bradenton-Sarasota, FL | 5 | $ 1,299,000 | $ 259,800 | $ 120,000 |
| Austin-Round Rock-San Marcos, TX | 4 | $ 788,000 | $ 197,000 | $ 88,000 |
| El Paso, TX | 4 | $ 298,000 | $ 74,500 | $ 40,000 |
| Oklahoma City, OK | 4 | $ 402,000 | $ 100,500 | $ 50,000 |
| Boise City-Nampa, ID | 3 | $ 770,000 | $ 256,666 | $ 205,000 |
| Dallas-Plano-Irving, TX | 3 | $ 484,000 | $ 161,333 | $ 52,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 3 | $ 419,000 | $ 139,666 | $ 49,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 3 | $ 898,000 | $ 299,333 | $ 182,000 |
| San Francisco-San Mateo-Redwood City, CA | 3 | $ 1,551,000 | $ 517,000 | $ 314,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 3 | $ 1,573,000 | $ 524,333 | $ 142,000 |
| Tampa-St. Petersburg-Clearwater, FL | 3 | $ 754,000 | $ 251,333 | $ 88,000 |
| Visalia-Porterville, CA | 3 | $ 357,000 | $ 119,000 | $ 42,000 |
| Bakersfield-Delano, CA | 2 | $ 293,000 | $ 146,500 | $ 64,000 |
| Boulder, CO | 2 | $ 457,000 | $ 228,500 | $ 49,000 |
| Chicago-Joliet-Naperville, IL | 2 | $ 658,000 | $ 329,000 | $ 115,000 |
| Coeur D'Alene, ID | 2 | $ 274,000 | $ 137,000 | $ 46,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 486,000 | $ 243,000 | $ 94,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 156,000 | $ 78,000 | $ 70,000 |
| Redding, CA | 2 | $ 977,000 | $ 488,500 | $ 347,000 |
| San Luis Obispo-Paso Robles, CA | 2 | $ 779,000 | $ 389,500 | $ 102,000 |
| Santa Fe, NM | 2 | $ 1,269,000 | $ 634,500 | $ 323,000 |
| St. George, UT | 2 | $ 382,000 | $ 191,000 | $ 46,000 |
| Tulsa, OK | 2 | $ 282,000 | $ 141,000 | $ 53,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 426,000 | $ 213,000 | $ 56,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 2 | $ 504,000 | $ 252,000 | $ 85,000 |
| Baton Rouge, LA | 1 | $ 139,000 | $ 139,000 | $ 57,000 |
| Bellingham, WA | 1 | $ 360,000 | $ 360,000 | $ 105,000 |
| Bend, OR | 1 | $ 221,000 | $ 221,000 | $ 128,000 |
| Bremerton-Silverdale, WA | 1 | $ 132,000 | $ 132,000 | $ 42,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 110,000 | $ 110,000 | $ 41,000 |
| Colorado Springs, CO | 1 | $ 178,000 | $ 178,000 | $ 48,000 |
| Fort Collins-Loveland, CO | 1 | $ 252,000 | $ 252,000 | $ 102,000 |
| Gainesville, FL | 1 | $ 63,000 | $ 63,000 | $ 38,000 |
| Jacksonville, FL | 1 | $ 117,000 | $ 117,000 | $ 96,000 |
| Kansas City, MO-KS | 1 | $ 146,000 | $ 146,000 | $ 57,000 |
| Lake Charles, LA | 1 | $ 120,000 | $ 120,000 | $ 39,000 |
| Lewiston, ID-WA | 1 | $ 235,000 | $ 235,000 | $ 135,000 |
| Medford, OR | 1 | $ 247,000 | $ 247,000 | $ 256,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 429,000 | $ 429,000 | $ 138,000 |
| Modesto, CA | 1 | $ 220,000 | $ 220,000 | $ 72,000 |
| Ocala, FL | 1 | $ 91,000 | $ 91,000 | $ 71,000 |
| Ogden-Clearfield, UT | 1 | $ 318,000 | $ 318,000 | $ 24,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 150,000 | $ 150,000 | $ 60,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 120,000 | $ 120,000 | $ 66,000 |
| Richmond, VA | 1 | $ 149,000 | $ 149,000 | $ 85,000 |
| Salem, OR | 1 | $ 95,000 | $ 95,000 | $ 30,000 |
| Salinas, CA | 1 | $ 240,000 | $ 240,000 | $ 608,000 |
| San Antonio-New Braunfels, TX | 1 | $ 369,000 | $ 369,000 | $ 106,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 476,000 | $ 476,000 | $ 320,000 |
| Spokane, WA | 1 | $ 94,000 | $ 94,000 | $ 102,000 |
| Tacoma, WA | 1 | $ 417,000 | $ 417,000 | $ 173,000 |
| Yuba City, CA | 1 | $ 206,000 | $ 206,000 | $ 75,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2010
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 | 7,603 | $1,213,059,000 | $159,000 | $1,200,000 | $73,000 | $1,798,000 |
| Refinancing | 2,958 | $607,010,000 | $205,000 | $1,200,000 | $94,000 | $1,608,000 |
| Home Improvement | 21 | $4,473,000 | $213,000 | $457,000 | $88,000 | $199,000 |
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 | 7,503 | $1,362,569,000 | $181,000 | $1,200,000 | $86,000 | $1,798,000 |
| Hispanic | 1,800 | $241,542,000 | $134,000 | $1,120,000 | $55,000 | $961,000 |
| Not Provided | 716 | $124,232,000 | $173,000 | $721,000 | $63,000 | $645,000 |
| Asian | 269 | $50,711,000 | $188,000 | $780,000 | $87,000 | $374,000 |
| Black or African American | 232 | $35,512,000 | $153,000 | $717,000 | $66,000 | $834,000 |
| Native Hawaiian or Other Pacific Islander | 37 | $6,247,000 | $168,000 | $399,000 | $79,000 | $330,000 |
| American Indian or Alaskan Native | 25 | $3,729,000 | $149,000 | $400,000 | $64,000 | $126,000 |
| 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) | 5,007 | $971,218,000 | $193,000 | $1,200,000 | $107,000 | $1,798,000 |
| FHA-insured (Federal Housing Administration) | 4,514 | $662,248,000 | $146,000 | $540,000 | $52,000 | $928,000 |
| VA-guaranteed (Veterans Administration) | 874 | $166,988,000 | $191,000 | $690,000 | $59,000 | $299,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 187 | $24,088,000 | $128,000 | $300,000 | $44,000 | $120,000 |
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 | 7,590 | $1,301,108,000 | $171,000 | $1,200,000 | $79,000 | $1,798,000 |
| Application Withdrawn By Applicant | 1,820 | $326,205,000 | $179,000 | $1,120,000 | $79,000 | $1,145,000 |
| File Closed For Incompleteness | 966 | $165,057,000 | $170,000 | $1,000,000 | $78,000 | $916,000 |
| Application Denied By Financial Institution | 198 | $31,049,000 | $156,000 | $800,000 | $64,000 | $439,000 |
| Application Approved But Not Accepted | 8 | $1,123,000 | $140,000 | $205,000 | $38,000 | $58,000 |
| 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 |
|---|---|---|---|---|---|---|
| Debt-To-Income Ratio | 39 | $6,765,000 | $173,000 | $800,000 | $72,000 | $439,000 |
| Collateral | 30 | $4,890,000 | $163,000 | $406,000 | $66,000 | $328,000 |
| Credit History | 28 | $4,133,000 | $147,000 | $423,000 | $53,000 | $118,000 |
| Other | 23 | $3,373,000 | $146,000 | $360,000 | $68,000 | $175,000 |
| Unverifiable Information | 8 | $956,000 | $119,000 | $204,000 | $61,000 | $156,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $957,000 | $159,000 | $360,000 | $94,000 | $318,000 |
| Employment History | 5 | $510,000 | $102,000 | $146,000 | $76,000 | $272,000 |
| 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 2010 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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