Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2013
In 2013, Nova Financial & Investment Corporation of Tucson, AZ reported 17,714 mortgage applications totaling $3.4 billion, down 3% from 2012. The average application was for $189,970, and applicants reported an average income of $85,081. 73% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Tucson, AZ (5,831), Phoenix-Mesa-Glendale, AZ (5,819) and Denver-Aurora-Broomfield, CO (2,528) (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 | 17,714 |
| Total Mortgage Loan Application Amount | $3,365,141,000 |
| Average Mortgage Loan Application Amount | $189,970 |
| Highest Mortgage Loan Application Amount | $2,000,000 |
| Average Applicant Income | $85,081 |
| Highest Applicant Income | $2,329,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 5,831 | $ 987,740,000 | $ 169,394 | $ 85,000 |
| Phoenix-Mesa-Glendale, AZ | 5,819 | $ 1,106,366,000 | $ 190,129 | $ 81,000 |
| Denver-Aurora-Broomfield, CO | 2,528 | $ 598,655,000 | $ 236,809 | $ 99,000 |
| Yuma, AZ | 804 | $ 110,159,000 | $ 137,013 | $ 55,000 |
| Las Vegas-Paradise, NV | 790 | $ 142,775,000 | $ 180,727 | $ 81,000 |
| Colorado Springs, CO | 568 | $ 119,733,000 | $ 210,797 | $ 84,000 |
| Prescott, AZ | 145 | $ 28,139,000 | $ 194,062 | $ 78,000 |
| Boulder, CO | 63 | $ 19,244,000 | $ 305,460 | $ 137,000 |
| Greeley, CO | 49 | $ 11,788,000 | $ 240,571 | $ 93,000 |
| Los Angeles-Long Beach-Glendale, CA | 46 | $ 17,855,000 | $ 388,152 | $ 128,000 |
| San Diego-Carlsbad-San Marcos, CA | 37 | $ 14,921,000 | $ 403,270 | $ 166,000 |
| Flagstaff, AZ | 36 | $ 7,802,000 | $ 216,722 | $ 157,000 |
| Fort Collins-Loveland, CO | 30 | $ 7,000,000 | $ 233,333 | $ 112,000 |
| Riverside-San Bernardino-Ontario, CA | 30 | $ 7,367,000 | $ 245,566 | $ 110,000 |
| Chicago-Joliet-Naperville, IL | 28 | $ 6,220,000 | $ 222,142 | $ 108,000 |
| Sacramento--Arden-Arcade--Roseville, CA | 17 | $ 4,647,000 | $ 273,352 | $ 126,000 |
| Lake Havasu City-Kingman, AZ | 16 | $ 2,716,000 | $ 169,750 | $ 111,000 |
| Santa Ana-Anaheim-Irvine, CA | 16 | $ 7,510,000 | $ 469,375 | $ 161,000 |
| Oakland-Fremont-Hayward, CA | 13 | $ 5,176,000 | $ 398,153 | $ 171,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 13 | $ 7,405,000 | $ 569,615 | $ 155,000 |
| Albuquerque, NM | 10 | $ 1,903,000 | $ 190,300 | $ 90,000 |
| Pueblo, CO | 9 | $ 1,285,000 | $ 142,777 | $ 67,000 |
| San Francisco-San Mateo-Redwood City, CA | 9 | $ 5,822,000 | $ 646,888 | $ 218,000 |
| San Antonio-New Braunfels, TX | 8 | $ 1,161,000 | $ 145,125 | $ 61,000 |
| Seattle-Bellevue-Everett, WA | 8 | $ 2,168,000 | $ 271,000 | $ 160,000 |
| Austin-Round Rock-San Marcos, TX | 7 | $ 1,515,000 | $ 216,428 | $ 85,000 |
| Houston-Sugar Land-Baytown, TX | 7 | $ 1,109,000 | $ 158,428 | $ 102,000 |
| Dallas-Plano-Irving, TX | 6 | $ 1,323,000 | $ 220,500 | $ 109,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 6 | $ 2,073,000 | $ 345,500 | $ 70,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 5 | $ 688,000 | $ 137,600 | $ 122,000 |
| Reno-Sparks, NV | 5 | $ 983,000 | $ 196,600 | $ 94,000 |
| Fort Worth-Arlington, TX | 4 | $ 418,000 | $ 104,500 | $ 508,000 |
| Killeen-Temple-Fort Hood, TX | 4 | $ 500,000 | $ 125,000 | $ 59,000 |
| Lake County-Kenosha County, IL-WI | 4 | $ 493,000 | $ 123,250 | $ 118,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 1,295,000 | $ 323,750 | $ 122,000 |
| Oklahoma City, OK | 4 | $ 469,000 | $ 117,250 | $ 226,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 4 | $ 955,000 | $ 238,750 | $ 191,000 |
| San Luis Obispo-Paso Robles, CA | 4 | $ 1,267,000 | $ 316,750 | $ 144,000 |
| Santa Barbara-Santa Maria-Goleta, CA | 4 | $ 1,132,000 | $ 283,000 | $ 143,000 |
| Tacoma, WA | 4 | $ 693,000 | $ 173,250 | $ 67,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 632,000 | $ 158,000 | $ 88,000 |
| Las Cruces, NM | 3 | $ 581,000 | $ 193,666 | $ 65,000 |
| Ogden-Clearfield, UT | 3 | $ 488,000 | $ 162,666 | $ 70,000 |
| Santa Cruz-Watsonville, CA | 3 | $ 1,030,000 | $ 343,333 | $ 70,000 |
| Santa Fe, NM | 3 | $ 944,000 | $ 314,666 | $ 151,000 |
| Santa Rosa-Petaluma, CA | 3 | $ 1,067,000 | $ 355,666 | $ 107,000 |
| Bloomington-Normal, IL | 2 | $ 125,000 | $ 62,500 | $ 40,000 |
| Crestview-Fort Walton Beach-Destin, FL | 2 | $ 232,000 | $ 116,000 | $ 75,000 |
| El Centro, CA | 2 | $ 295,000 | $ 147,500 | $ 92,000 |
| El Paso, TX | 2 | $ 152,000 | $ 76,000 | $ 58,000 |
| Eugene-Springfield, OR | 2 | $ 596,000 | $ 298,000 | $ 114,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 238,000 | $ 119,000 | $ 105,000 |
| Fresno, CA | 2 | $ 367,000 | $ 183,500 | $ 111,000 |
| Indianapolis-Carmel, IN | 2 | $ 603,000 | $ 301,500 | $ 124,000 |
| Jacksonville, FL | 2 | $ 567,000 | $ 283,500 | $ 121,000 |
| Kennewick-Pasco-Richland, WA | 2 | $ 333,000 | $ 166,500 | $ 89,000 |
| Knoxville, TN | 2 | $ 382,000 | $ 191,000 | $ 52,000 |
| Lubbock, TX | 2 | $ 184,000 | $ 92,000 | $ 149,000 |
| McAllen-Edinburg-Mission, TX | 2 | $ 448,000 | $ 224,000 | $ 73,000 |
| North Port-Bradenton-Sarasota, FL | 2 | $ 212,000 | $ 106,000 | $ 81,000 |
| Provo-Orem, UT | 2 | $ 332,000 | $ 166,000 | $ 56,000 |
| Richmond, VA | 2 | $ 442,000 | $ 221,000 | $ 89,000 |
| Salt Lake City, UT | 2 | $ 277,000 | $ 138,500 | $ 346,000 |
| St. Louis, MO-IL | 2 | $ 345,000 | $ 172,500 | $ 79,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 2 | $ 843,000 | $ 421,500 | $ 140,000 |
| Bakersfield-Delano, CA | 1 | $ 185,000 | $ 185,000 | $ 74,000 |
| Bend, OR | 1 | $ 126,000 | $ 126,000 | $ 42,000 |
| Bremerton-Silverdale, WA | 1 | $ 110,000 | $ 110,000 | $ 60,000 |
| Cincinnati-Middletown, OH-KY-IN | 1 | $ 244,000 | $ 244,000 | $ 19,000 |
| Danville, VA | 1 | $ 136,000 | $ 136,000 | $ 19,000 |
| Farmington, NM | 1 | $ 122,000 | $ 122,000 | $ 46,000 |
| Fort Wayne, IN | 1 | $ 162,000 | $ 162,000 | $ 45,000 |
| Gainesville, FL | 1 | $ 233,000 | $ 233,000 | $ 70,000 |
| Grand Junction, CO | 1 | $ 160,000 | $ 160,000 | $ 80,000 |
| Lakeland-Winter Haven, FL | 1 | $ 88,000 | $ 88,000 | $ 52,000 |
| Lynchburg, VA | 1 | $ 195,000 | $ 195,000 | $ 97,000 |
| Memphis, TN-MS-AR | 1 | $ 82,000 | $ 82,000 | $ 120,000 |
| Midland, TX | 1 | $ 150,000 | $ 150,000 | $ 57,000 |
| Mobile, AL | 1 | $ 72,000 | $ 72,000 | $ 16,000 |
| Modesto, CA | 1 | $ 187,000 | $ 187,000 | $ 50,000 |
| Mount Vernon-Anacortes, WA | 1 | $ 85,000 | $ 85,000 | $ 102,000 |
| Napa, CA | 1 | $ 417,000 | $ 417,000 | $ 383,000 |
| Olympia, WA | 1 | $ 575,000 | $ 575,000 | $ 280,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 100,000 | $ 100,000 | $ 66,000 |
| Panama City-Lynn Haven-Panama City Beach, FL | 1 | $ 71,000 | $ 71,000 | $ 36,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 260,000 | $ 260,000 | $ 86,000 |
| Pocatello, ID | 1 | $ 185,000 | $ 185,000 | $ 107,000 |
| Port St. Lucie, FL | 1 | $ 68,000 | $ 68,000 | $ 83,000 |
| Redding, CA | 1 | $ 406,000 | $ 406,000 | $ 64,000 |
| Salem, OR | 1 | $ 165,000 | $ 165,000 | $ 41,000 |
| Salinas, CA | 1 | $ 320,000 | $ 320,000 | $ 120,000 |
| Sebastian-Vero Beach, FL | 1 | $ 374,000 | $ 374,000 | $ 145,000 |
| Spokane, WA | 1 | $ 387,000 | $ 387,000 | $ 162,000 |
| Stockton, CA | 1 | $ 176,000 | $ 176,000 | $ 93,000 |
| Tuscaloosa, AL | 1 | $ 171,000 | $ 171,000 | $ 52,000 |
| Visalia-Porterville, CA | 1 | $ 206,000 | $ 206,000 | $ 63,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2013
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 | 11,179 | $2,074,138,000 | $185,000 | $1,500,000 | $80,000 | $2,329,000 |
| Refinancing | 6,430 | $1,270,933,000 | $197,000 | $2,000,000 | $94,000 | $2,018,000 |
| Home Improvement | 105 | $20,070,000 | $191,000 | $650,000 | $80,000 | $275,000 |
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 | 13,220 | $2,639,463,000 | $199,000 | $2,000,000 | $91,000 | $2,329,000 |
| Hispanic | 3,058 | $456,458,000 | $149,000 | $1,715,000 | $59,000 | $658,000 |
| Asian | 469 | $87,950,000 | $187,000 | $729,000 | $91,000 | $1,062,000 |
| Not Provided | 464 | $91,139,000 | $196,000 | $955,000 | $89,000 | $1,582,000 |
| Black or African American | 386 | $67,252,000 | $174,000 | $622,000 | $67,000 | $375,000 |
| Native Hawaiian or Other Pacific Islander | 73 | $15,060,000 | $206,000 | $663,000 | $93,000 | $477,000 |
| American Indian or Alaskan Native | 44 | $7,819,000 | $177,000 | $388,000 | $68,000 | $153,000 |
| 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) | 10,187 | $2,033,750,000 | $199,000 | $2,000,000 | $104,000 | $2,329,000 |
| FHA-insured (Federal Housing Administration) | 5,202 | $866,679,000 | $166,000 | $868,000 | $58,000 | $444,000 |
| VA-guaranteed (Veterans Administration) | 1,823 | $396,689,000 | $217,000 | $897,000 | $70,000 | $391,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 502 | $68,023,000 | $135,000 | $306,000 | $43,000 | $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 | 12,861 | $2,447,268,000 | $190,000 | $1,715,000 | $85,000 | $2,329,000 |
| Application Withdrawn By Applicant | 2,789 | $533,897,000 | $191,000 | $2,000,000 | $88,000 | $1,582,000 |
| File Closed For Incompleteness | 1,460 | $283,765,000 | $194,000 | $1,693,000 | $86,000 | $1,340,000 |
| Application Denied By Financial Institution | 604 | $100,211,000 | $165,000 | $912,000 | $69,000 | $1,062,000 |
| 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 | 215 | $32,320,000 | $150,000 | $471,000 | $71,000 | $1,062,000 |
| Credit History | 95 | $16,099,000 | $169,000 | $655,000 | $68,000 | $228,000 |
| Employment History | 85 | $15,156,000 | $178,000 | $600,000 | $57,000 | $225,000 |
| Debt-To-Income Ratio | 76 | $13,426,000 | $176,000 | $912,000 | $53,000 | $188,000 |
| Collateral | 68 | $11,188,000 | $164,000 | $625,000 | $86,000 | $475,000 |
| Unverifiable Information | 25 | $5,576,000 | $223,000 | $820,000 | $73,000 | $180,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 11 | $1,551,000 | $141,000 | $250,000 | $41,000 | $86,000 |
| Credit Application Incomplete | 3 | $551,000 | $183,000 | $270,000 | $43,000 | $52,000 |
| Mortgage Insurance Denied | 1 | $111,000 | $111,000 | $111,000 | $1,062,000 | $1,062,000 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2013 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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