Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2011
In 2011, Nova Financial & Investment Corporation of Tucson, AZ reported 9,101 mortgage applications totaling $1.5 billion, down 14% from 2010. The average application was for $165,246, and applicants reported an average income of $82,530. 77% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Tucson, AZ (4,171), Phoenix-Mesa-Glendale, AZ (2,781) and Denver-Aurora-Broomfield, CO (647) (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 | 9,101 |
| Total Mortgage Loan Application Amount | $1,503,907,000 |
| Average Mortgage Loan Application Amount | $165,246 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $82,530 |
| Highest Applicant Income | $6,325,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 4,171 | $ 650,986,000 | $ 156,074 | $ 79,000 |
| Phoenix-Mesa-Glendale, AZ | 2,781 | $ 431,325,000 | $ 155,097 | $ 82,000 |
| Denver-Aurora-Broomfield, CO | 647 | $ 150,457,000 | $ 232,545 | $ 106,000 |
| Yuma, AZ | 310 | $ 41,557,000 | $ 134,054 | $ 59,000 |
| Las Vegas-Paradise, NV | 260 | $ 39,628,000 | $ 152,415 | $ 84,000 |
| Colorado Springs, CO | 129 | $ 28,626,000 | $ 221,906 | $ 89,000 |
| Prescott, AZ | 78 | $ 11,977,000 | $ 153,551 | $ 69,000 |
| San Diego-Carlsbad-San Marcos, CA | 23 | $ 13,000,000 | $ 565,217 | $ 183,000 |
| Austin-Round Rock-San Marcos, TX | 22 | $ 5,297,000 | $ 240,772 | $ 74,000 |
| Flagstaff, AZ | 20 | $ 4,311,000 | $ 215,550 | $ 192,000 |
| Albuquerque, NM | 18 | $ 3,089,000 | $ 171,611 | $ 72,000 |
| Oakland-Fremont-Hayward, CA | 16 | $ 4,716,000 | $ 294,750 | $ 74,000 |
| Los Angeles-Long Beach-Glendale, CA | 14 | $ 5,572,000 | $ 398,000 | $ 117,000 |
| Riverside-San Bernardino-Ontario, CA | 14 | $ 2,528,000 | $ 180,571 | $ 91,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 13 | $ 3,659,000 | $ 281,461 | $ 105,000 |
| Houston-Sugar Land-Baytown, TX | 8 | $ 1,034,000 | $ 129,250 | $ 62,000 |
| Seattle-Bellevue-Everett, WA | 8 | $ 2,488,000 | $ 311,000 | $ 98,000 |
| Fort Collins-Loveland, CO | 7 | $ 1,927,000 | $ 275,285 | $ 86,000 |
| Greeley, CO | 7 | $ 2,105,000 | $ 300,714 | $ 129,000 |
| Santa Fe, NM | 7 | $ 1,595,000 | $ 227,857 | $ 104,000 |
| Santa Ana-Anaheim-Irvine, CA | 6 | $ 2,414,000 | $ 402,333 | $ 260,000 |
| Bakersfield-Delano, CA | 5 | $ 535,000 | $ 107,000 | $ 111,000 |
| Salt Lake City, UT | 5 | $ 1,181,000 | $ 236,200 | $ 160,000 |
| Chicago-Joliet-Naperville, IL | 4 | $ 1,128,000 | $ 282,000 | $ 85,000 |
| San Antonio-New Braunfels, TX | 4 | $ 644,000 | $ 161,000 | $ 74,000 |
| Boulder, CO | 3 | $ 1,037,000 | $ 345,666 | $ 100,000 |
| Dallas-Plano-Irving, TX | 3 | $ 350,000 | $ 116,666 | $ 99,000 |
| Killeen-Temple-Fort Hood, TX | 3 | $ 212,000 | $ 70,666 | $ 142,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 3 | $ 491,000 | $ 163,666 | $ 122,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 3 | $ 619,000 | $ 206,333 | $ 72,666 |
| Reno-Sparks, NV | 3 | $ 493,000 | $ 164,333 | $ 89,000 |
| Santa Rosa-Petaluma, CA | 3 | $ 1,292,000 | $ 430,666 | $ 119,000 |
| Vallejo-Fairfield, CA | 3 | $ 273,000 | $ 91,000 | $ 113,000 |
| Fort Worth-Arlington, TX | 2 | $ 236,000 | $ 118,000 | $ 60,000 |
| Fresno, CA | 2 | $ 192,000 | $ 96,000 | $ 53,000 |
| Grand Junction, CO | 2 | $ 359,000 | $ 179,500 | $ 52,000 |
| Lake Havasu City-Kingman, AZ | 2 | $ 319,000 | $ 159,500 | $ 132,000 |
| Las Cruces, NM | 2 | $ 251,000 | $ 125,500 | $ 44,000 |
| Salinas, CA | 2 | $ 595,000 | $ 297,500 | $ 66,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 2 | $ 706,000 | $ 353,000 | $ 114,000 |
| St. George, UT | 2 | $ 342,000 | $ 171,000 | $ 52,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 183,000 | $ 91,500 | $ 72,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 2 | $ 634,000 | $ 317,000 | $ 156,000 |
| Baton Rouge, LA | 1 | $ 180,000 | $ 180,000 | $ 273,000 |
| Billings, MT | 1 | $ 416,000 | $ 416,000 | $ 90,000 |
| Corpus Christi, TX | 1 | $ 157,000 | $ 157,000 | $ 113,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 104,000 | $ 104,000 | $ 107,000 |
| Indianapolis-Carmel, IN | 1 | $ 300,000 | $ 300,000 | $ 206,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 294,000 | $ 294,000 | $ 224,000 |
| Longview, WA | 1 | $ 135,000 | $ 135,000 | $ 42,000 |
| McAllen-Edinburg-Mission, TX | 1 | $ 308,000 | $ 308,000 | $ 72,000 |
| Medford, OR | 1 | $ 382,000 | $ 382,000 | $ 427,000 |
| Merced, CA | 1 | $ 61,000 | $ 61,000 | $ 144,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 241,000 | $ 241,000 | $ 115,000 |
| Ocala, FL | 1 | $ 35,000 | $ 35,000 | $ 78,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 139,000 | $ 139,000 | $ 56,000 |
| Pueblo, CO | 1 | $ 206,000 | $ 206,000 | $ 75,000 |
| Punta Gorda, FL | 1 | $ 102,000 | $ 102,000 | $ 153,000 |
| San Francisco-San Mateo-Redwood City, CA | 1 | $ 225,000 | $ 225,000 | $ 47,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 1 | $ 392,000 | $ 392,000 | $ 161,000 |
| Sherman-Denison, TX | 1 | $ 280,000 | $ 280,000 | $ 123,000 |
| Spokane, WA | 1 | $ 142,000 | $ 142,000 | $ 104,000 |
| St. Louis, MO-IL | 1 | $ 180,000 | $ 180,000 | $ 60,000 |
| Stockton, CA | 1 | $ 160,000 | $ 160,000 | $ 97,000 |
| Tacoma, WA | 1 | $ 347,000 | $ 347,000 | $ 408,000 |
| Tulsa, OK | 1 | $ 63,000 | $ 63,000 | $ 95,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2011
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 | 7,292 | $1,134,462,000 | $155,000 | $3,000,000 | $77,000 | $1,792,000 |
| Refinancing | 1,794 | $366,673,000 | $204,000 | $1,600,000 | $105,000 | $6,325,000 |
| Home Improvement | 15 | $2,772,000 | $184,000 | $417,000 | $84,000 | $240,000 |
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 | 6,510 | $1,142,969,000 | $175,000 | $2,000,000 | $89,000 | $1,792,000 |
| Hispanic | 1,528 | $191,815,000 | $125,000 | $3,000,000 | $54,000 | $956,000 |
| Not Provided | 543 | $89,551,000 | $164,000 | $737,000 | $98,000 | $6,325,000 |
| Asian | 242 | $38,334,000 | $158,000 | $417,000 | $90,000 | $1,660,000 |
| Black or African American | 198 | $29,741,000 | $150,000 | $417,000 | $64,000 | $365,000 |
| Native Hawaiian or Other Pacific Islander | 43 | $6,219,000 | $144,000 | $407,000 | $61,000 | $160,000 |
| American Indian or Alaskan Native | 37 | $5,278,000 | $142,000 | $335,000 | $55,000 | $169,000 |
| 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) | 4,651 | $845,322,000 | $181,000 | $3,000,000 | $109,000 | $6,325,000 |
| FHA-insured (Federal Housing Administration) | 3,283 | $452,648,000 | $137,000 | $737,000 | $55,000 | $1,792,000 |
| VA-guaranteed (Veterans Administration) | 895 | $171,744,000 | $191,000 | $852,000 | $61,000 | $443,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 272 | $34,193,000 | $125,000 | $305,000 | $42,000 | $104,000 |
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 | 7,046 | $1,139,903,000 | $161,000 | $1,600,000 | $82,000 | $6,325,000 |
| Application Withdrawn By Applicant | 1,159 | $208,245,000 | $179,000 | $1,481,000 | $90,000 | $1,660,000 |
| File Closed For Incompleteness | 640 | $116,377,000 | $181,000 | $3,000,000 | $88,000 | $960,000 |
| Application Denied By Financial Institution | 229 | $34,932,000 | $152,000 | $852,000 | $64,000 | $315,000 |
| Application Approved But Not Accepted | 27 | $4,450,000 | $164,000 | $349,000 | $79,000 | $172,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 77 | $11,290,000 | $146,000 | $349,000 | $62,000 | $178,000 |
| Collateral | 39 | $6,100,000 | $156,000 | $417,000 | $78,000 | $315,000 |
| Other | 38 | $6,402,000 | $168,000 | $852,000 | $59,000 | $147,000 |
| Debt-To-Income Ratio | 31 | $5,575,000 | $179,000 | $699,000 | $68,000 | $183,000 |
| Employment History | 28 | $3,099,000 | $110,000 | $235,000 | $53,000 | $234,000 |
| Unverifiable Information | 15 | $2,343,000 | $156,000 | $361,000 | $68,000 | $192,000 |
| Mortgage Insurance Denied | 1 | $123,000 | $123,000 | $123,000 | $57,000 | $57,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2011 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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