Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2012
In 2012, Nova Financial & Investment Corporation of Tucson, AZ reported 18,297 mortgage applications totaling $3.4 billion, up 101% from 2011. The average application was for $186,541, and applicants reported an average income of $86,068. 71% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Tucson, AZ (6,996), Phoenix-Mesa-Glendale, AZ (5,056) and Denver-Aurora-Broomfield, CO (2,521) (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 | 18,297 |
| Total Mortgage Loan Application Amount | $3,413,152,000 |
| Average Mortgage Loan Application Amount | $186,541 |
| Highest Mortgage Loan Application Amount | $1,700,000 |
| Average Applicant Income | $86,068 |
| Highest Applicant Income | $2,406,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 6,996 | $ 1,213,330,000 | $ 173,431 | $ 81,000 |
| Phoenix-Mesa-Glendale, AZ | 5,056 | $ 926,307,000 | $ 183,209 | $ 86,000 |
| Denver-Aurora-Broomfield, CO | 2,521 | $ 588,543,000 | $ 233,456 | $ 102,000 |
| Yuma, AZ | 813 | $ 112,475,000 | $ 138,345 | $ 57,000 |
| Las Vegas-Paradise, NV | 731 | $ 117,990,000 | $ 161,409 | $ 83,000 |
| Colorado Springs, CO | 513 | $ 106,735,000 | $ 208,060 | $ 80,000 |
| Prescott, AZ | 161 | $ 27,975,000 | $ 173,757 | $ 78,000 |
| Chicago-Joliet-Naperville, IL | 110 | $ 21,713,000 | $ 197,390 | $ 89,000 |
| Boulder, CO | 82 | $ 26,946,000 | $ 328,609 | $ 146,000 |
| Flagstaff, AZ | 54 | $ 12,933,000 | $ 239,500 | $ 159,000 |
| Los Angeles-Long Beach-Glendale, CA | 48 | $ 15,957,000 | $ 332,437 | $ 115,000 |
| San Diego-Carlsbad-San Marcos, CA | 43 | $ 13,949,000 | $ 324,395 | $ 121,000 |
| Fort Collins-Loveland, CO | 32 | $ 6,891,000 | $ 215,343 | $ 100,000 |
| Greeley, CO | 28 | $ 5,934,000 | $ 211,928 | $ 78,000 |
| Oakland-Fremont-Hayward, CA | 25 | $ 9,237,000 | $ 369,480 | $ 123,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 24 | $ 6,347,000 | $ 264,458 | $ 91,000 |
| Santa Ana-Anaheim-Irvine, CA | 23 | $ 8,302,000 | $ 360,956 | $ 138,000 |
| Riverside-San Bernardino-Ontario, CA | 22 | $ 4,618,000 | $ 209,909 | $ 138,000 |
| Austin-Round Rock-San Marcos, TX | 18 | $ 4,447,000 | $ 247,055 | $ 125,000 |
| Lake Havasu City-Kingman, AZ | 17 | $ 2,541,000 | $ 149,470 | $ 84,000 |
| Seattle-Bellevue-Everett, WA | 15 | $ 3,587,000 | $ 239,133 | $ 104,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 13 | $ 5,953,000 | $ 457,923 | $ 109,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 9 | $ 3,528,000 | $ 392,000 | $ 108,000 |
| Albuquerque, NM | 8 | $ 1,574,000 | $ 196,750 | $ 95,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 8 | $ 1,750,000 | $ 218,750 | $ 85,000 |
| Dallas-Plano-Irving, TX | 7 | $ 1,417,000 | $ 202,428 | $ 124,000 |
| Lake County-Kenosha County, IL-WI | 7 | $ 2,503,000 | $ 357,571 | $ 181,000 |
| Las Cruces, NM | 6 | $ 1,529,000 | $ 254,833 | $ 127,000 |
| Oklahoma City, OK | 6 | $ 734,000 | $ 122,333 | $ 70,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 6 | $ 1,968,000 | $ 328,000 | $ 86,000 |
| Houston-Sugar Land-Baytown, TX | 5 | $ 769,000 | $ 153,800 | $ 118,000 |
| Indianapolis-Carmel, IN | 5 | $ 722,000 | $ 144,400 | $ 92,000 |
| Reno-Sparks, NV | 5 | $ 1,405,000 | $ 281,000 | $ 135,000 |
| Salt Lake City, UT | 5 | $ 1,897,000 | $ 379,400 | $ 277,000 |
| San Antonio-New Braunfels, TX | 5 | $ 991,000 | $ 198,200 | $ 69,000 |
| Fort Worth-Arlington, TX | 4 | $ 576,000 | $ 144,000 | $ 66,000 |
| Grand Junction, CO | 4 | $ 490,000 | $ 122,500 | $ 44,000 |
| Pueblo, CO | 4 | $ 532,000 | $ 133,000 | $ 46,000 |
| Santa Rosa-Petaluma, CA | 4 | $ 1,282,000 | $ 320,500 | $ 99,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 593,000 | $ 148,250 | $ 46,000 |
| Bakersfield-Delano, CA | 3 | $ 431,000 | $ 143,666 | $ 137,000 |
| Bloomington-Normal, IL | 3 | $ 486,000 | $ 162,000 | $ 50,000 |
| Corpus Christi, TX | 3 | $ 774,000 | $ 258,000 | $ 105,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 519,000 | $ 173,000 | $ 74,000 |
| Fresno, CA | 3 | $ 765,000 | $ 255,000 | $ 168,000 |
| McAllen-Edinburg-Mission, TX | 3 | $ 629,000 | $ 209,666 | $ 506,000 |
| Miami-Miami Beach-Kendall, FL | 3 | $ 602,000 | $ 200,666 | $ 82,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 3 | $ 396,000 | $ 132,000 | $ 33,000 |
| North Port-Bradenton-Sarasota, FL | 3 | $ 751,000 | $ 250,333 | $ 170,000 |
| Panama City-Lynn Haven-Panama City Beach, FL | 3 | $ 368,000 | $ 122,666 | $ 72,000 |
| San Francisco-San Mateo-Redwood City, CA | 3 | $ 1,315,000 | $ 438,333 | $ 177,000 |
| Tacoma, WA | 3 | $ 506,000 | $ 168,666 | $ 237,000 |
| Bellingham, WA | 2 | $ 549,000 | $ 274,500 | $ 73,000 |
| Dothan, AL | 2 | $ 218,000 | $ 109,000 | $ 29,000 |
| Eugene-Springfield, OR | 2 | $ 373,000 | $ 186,500 | $ 58,000 |
| Killeen-Temple-Fort Hood, TX | 2 | $ 480,000 | $ 240,000 | $ 97,000 |
| Memphis, TN-MS-AR | 2 | $ 281,000 | $ 140,500 | $ 26,000 |
| Naples-Marco Island, FL | 2 | $ 302,000 | $ 151,000 | $ 166,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 418,000 | $ 209,000 | $ 51,000 |
| Peoria, IL | 2 | $ 167,000 | $ 83,500 | $ 65,000 |
| Punta Gorda, FL | 2 | $ 284,000 | $ 142,000 | $ 176,000 |
| Richmond, VA | 2 | $ 396,000 | $ 198,000 | $ 81,000 |
| Salinas, CA | 2 | $ 526,000 | $ 263,000 | $ 88,000 |
| San Luis Obispo-Paso Robles, CA | 2 | $ 476,000 | $ 238,000 | $ 51,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 2 | $ 373,000 | $ 186,500 | $ 121,000 |
| Santa Cruz-Watsonville, CA | 2 | $ 885,000 | $ 442,500 | $ 147,000 |
| Santa Fe, NM | 2 | $ 549,000 | $ 274,500 | $ 58,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 303,000 | $ 151,500 | $ 97,000 |
| Boise City-Nampa, ID | 1 | $ 373,000 | $ 373,000 | $ 130,000 |
| Brownsville-Harlingen, TX | 1 | $ 350,000 | $ 350,000 | $ 1,259,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 122,000 | $ 122,000 | $ 122,000 |
| Cheyenne, WY | 1 | $ 143,000 | $ 143,000 | $ 19,000 |
| Chico, CA | 1 | $ 72,000 | $ 72,000 | $ 75,000 |
| Columbus, GA-AL | 1 | $ 170,000 | $ 170,000 | $ 19,000 |
| Fort Wayne, IN | 1 | $ 164,000 | $ 164,000 | $ 44,000 |
| Huntsville, AL | 1 | $ 112,000 | $ 112,000 | $ 58,000 |
| Jacksonville, FL | 1 | $ 219,000 | $ 219,000 | $ 44,000 |
| Medford, OR | 1 | $ 364,000 | $ 364,000 | $ 651,000 |
| Missoula, MT | 1 | $ 152,000 | $ 152,000 | $ 28,000 |
| Modesto, CA | 1 | $ 94,000 | $ 94,000 | $ 324,000 |
| Ogden-Clearfield, UT | 1 | $ 148,000 | $ 148,000 | $ 48,000 |
| Provo-Orem, UT | 1 | $ 238,000 | $ 238,000 | $ 139,000 |
| Redding, CA | 1 | $ 267,000 | $ 267,000 | $ 144,000 |
| Rockford, IL | 1 | $ 199,000 | $ 199,000 | $ 186,000 |
| Spokane, WA | 1 | $ 139,000 | $ 139,000 | $ 52,000 |
| St. George, UT | 1 | $ 347,000 | $ 347,000 | $ 109,000 |
| St. Louis, MO-IL | 1 | $ 95,000 | $ 95,000 | $ 61,000 |
| Stockton, CA | 1 | $ 99,000 | $ 99,000 | $ 29,000 |
| West Palm Beach-Boca Raton-Boynton Beach, FL | 1 | $ 237,000 | $ 237,000 | $ 99,000 |
| Wichita, KS | 1 | $ 46,000 | $ 46,000 | $ 77,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2012
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 |
|---|---|---|---|---|---|---|
| Refinancing | 9,199 | $1,886,769,000 | $205,000 | $1,700,000 | $92,000 | $2,406,000 |
| Home Purchase | 9,044 | $1,516,331,000 | $167,000 | $1,400,000 | $80,000 | $1,375,000 |
| Home Improvement | 54 | $10,052,000 | $186,000 | $700,000 | $92,000 | $325,000 |
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 | 14,243 | $2,781,678,000 | $195,000 | $1,700,000 | $92,000 | $2,406,000 |
| Hispanic | 2,843 | $415,194,000 | $146,000 | $638,000 | $58,000 | $1,259,000 |
| Asian | 482 | $88,710,000 | $184,000 | $990,000 | $105,000 | $1,375,000 |
| Black or African American | 377 | $67,193,000 | $178,000 | $630,000 | $67,000 | $569,000 |
| Not Provided | 198 | $33,662,000 | $170,000 | $417,000 | $76,000 | $845,000 |
| Native Hawaiian or Other Pacific Islander | 106 | $18,793,000 | $177,000 | $417,000 | $85,000 | $476,000 |
| American Indian or Alaskan Native | 48 | $7,922,000 | $165,000 | $365,000 | $76,000 | $229,000 |
| 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) | 10,701 | $2,148,920,000 | $200,000 | $1,700,000 | $109,000 | $2,406,000 |
| FHA-insured (Federal Housing Administration) | 5,348 | $843,917,000 | $157,000 | $682,000 | $54,000 | $1,330,000 |
| VA-guaranteed (Veterans Administration) | 1,718 | $350,001,000 | $203,000 | $850,000 | $58,000 | $429,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 530 | $70,314,000 | $132,000 | $366,000 | $43,000 | $114,000 |
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 | 12,916 | $2,410,577,000 | $186,000 | $1,500,000 | $86,000 | $2,406,000 |
| Application Withdrawn By Applicant | 3,274 | $615,995,000 | $188,000 | $1,700,000 | $87,000 | $1,375,000 |
| File Closed For Incompleteness | 1,454 | $273,704,000 | $188,000 | $1,400,000 | $87,000 | $1,296,000 |
| Application Denied By Financial Institution | 652 | $112,714,000 | $172,000 | $1,393,000 | $80,000 | $1,259,000 |
| Application Approved But Not Accepted | 1 | $162,000 | $162,000 | $162,000 | $19,000 | $19,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 202 | $34,833,000 | $172,000 | $1,393,000 | $99,000 | $993,000 |
| Credit History | 174 | $29,740,000 | $170,000 | $630,000 | $65,000 | $720,000 |
| Collateral | 116 | $20,928,000 | $180,000 | $932,000 | $90,000 | $1,259,000 |
| Debt-To-Income Ratio | 74 | $13,685,000 | $184,000 | $1,200,000 | $71,000 | $524,000 |
| Employment History | 57 | $8,759,000 | $153,000 | $333,000 | $63,000 | $244,000 |
| Unverifiable Information | 22 | $3,663,000 | $166,000 | $321,000 | $52,000 | $137,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $316,000 | $105,000 | $122,000 | $43,000 | $61,000 |
| Mortgage Insurance Denied | 3 | $653,000 | $217,000 | $248,000 | $87,000 | $105,000 |
| Credit Application Incomplete | 1 | $137,000 | $137,000 | $137,000 | $36,000 | $36,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2012 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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