Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2014
In 2014, Nova Financial & Investment Corporation of Tucson, AZ reported 14,670 mortgage applications totaling $2.9 billion, down 17% from 2013. The average application was for $195,946, and applicants reported an average income of $84,706. 70% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (5,584), Tucson, AZ (4,123) and Denver-Aurora-Lakewood, CO (2,248) (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 | 14,670 |
| Total Mortgage Loan Application Amount | $2,874,537,000 |
| Average Mortgage Loan Application Amount | $195,946 |
| Highest Mortgage Loan Application Amount | $2,150,000 |
| Average Applicant Income | $84,706 |
| Highest Applicant Income | $2,430,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 |
|---|---|---|---|---|
| Phoenix-Mesa-Scottsdale, AZ | 5,584 | $ 1,083,677,000 | $ 194,068 | $ 82,000 |
| Tucson, AZ | 4,123 | $ 714,942,000 | $ 173,403 | $ 83,000 |
| Denver-Aurora-Lakewood, CO | 2,248 | $ 568,877,000 | $ 253,059 | $ 98,000 |
| Yuma, AZ | 689 | $ 98,555,000 | $ 143,040 | $ 62,000 |
| Las Vegas-Henderson-Paradise, NV | 583 | $ 107,583,000 | $ 184,533 | $ 81,000 |
| Colorado Springs, CO | 437 | $ 97,813,000 | $ 223,828 | $ 82,000 |
| Sierra Vista-Douglas, AZ | 253 | $ 34,973,000 | $ 138,233 | $ 68,000 |
| Prescott, AZ | 87 | $ 15,685,000 | $ 180,287 | $ 80,000 |
| Greeley, CO | 53 | $ 12,055,000 | $ 227,452 | $ 79,000 |
| Boulder, CO | 41 | $ 12,131,000 | $ 295,878 | $ 109,000 |
| Flagstaff, AZ | 23 | $ 5,448,000 | $ 236,869 | $ 217,000 |
| Fort Collins, CO | 21 | $ 5,111,000 | $ 243,380 | $ 105,000 |
| Riverside-San Bernardino-Ontario, CA | 21 | $ 5,026,000 | $ 239,333 | $ 113,000 |
| Los Angeles-Long Beach-Glendale, CA | 18 | $ 5,830,000 | $ 323,888 | $ 86,000 |
| San Diego-Carlsbad, CA | 16 | $ 6,773,000 | $ 423,312 | $ 138,000 |
| Anaheim-Santa Ana-Irvine, CA | 13 | $ 6,079,000 | $ 467,615 | $ 157,000 |
| San Antonio-New Braunfels, TX | 12 | $ 2,007,000 | $ 167,250 | $ 77,000 |
| Dallas-Plano-Irving, TX | 10 | $ 1,927,000 | $ 192,700 | $ 94,000 |
| Lake Havasu City-Kingman, AZ | 10 | $ 1,702,000 | $ 170,200 | $ 65,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 9 | $ 2,269,000 | $ 252,111 | $ 83,000 |
| Houston-The Woodlands-Sugar Land, TX | 8 | $ 1,408,000 | $ 176,000 | $ 73,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 8 | $ 2,282,000 | $ 285,250 | $ 118,000 |
| Austin-Round Rock, TX | 6 | $ 1,034,000 | $ 172,333 | $ 77,000 |
| Grand Junction, CO | 6 | $ 1,077,000 | $ 179,500 | $ 83,000 |
| Pueblo, CO | 6 | $ 787,000 | $ 131,166 | $ 69,000 |
| Fort Worth-Arlington, TX | 5 | $ 1,012,000 | $ 202,400 | $ 76,000 |
| Las Cruces, NM | 5 | $ 914,000 | $ 182,800 | $ 77,000 |
| Oakland-Hayward-Berkeley, CA | 5 | $ 2,274,000 | $ 454,800 | $ 182,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 5 | $ 2,764,000 | $ 552,800 | $ 176,000 |
| Seattle-Bellevue-Everett, WA | 5 | $ 1,682,000 | $ 336,400 | $ 134,000 |
| Tampa-St. Petersburg-Clearwater, FL | 5 | $ 1,066,000 | $ 213,200 | $ 89,000 |
| Albuquerque, NM | 4 | $ 623,000 | $ 155,750 | $ 72,000 |
| Chicago-Naperville-Arlington Heights, IL | 4 | $ 1,148,000 | $ 287,000 | $ 164,000 |
| Salt Lake City, UT | 4 | $ 902,000 | $ 225,500 | $ 78,000 |
| St. George, UT | 4 | $ 675,000 | $ 168,750 | $ 84,000 |
| Bakersfield, CA | 3 | $ 463,000 | $ 154,333 | $ 53,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 357,000 | $ 119,000 | $ 174,000 |
| Fresno, CA | 3 | $ 369,000 | $ 123,000 | $ 139,000 |
| Palm Bay-Melbourne-Titusville, FL | 3 | $ 904,000 | $ 301,333 | $ 172,000 |
| Provo-Orem, UT | 3 | $ 849,000 | $ 283,000 | $ 148,000 |
| San Angelo, TX | 3 | $ 343,000 | $ 114,333 | $ 68,000 |
| Vallejo-Fairfield, CA | 3 | $ 793,000 | $ 264,333 | $ 64,000 |
| Washington-Arlington-Alexandria, DC-VA-MD-WV | 3 | $ 835,000 | $ 278,333 | $ 126,000 |
| Bellingham, WA | 2 | $ 404,000 | $ 202,000 | $ 159,000 |
| Bend-Redmond, OR | 2 | $ 591,000 | $ 295,500 | $ 93,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 498,000 | $ 249,000 | $ 169,000 |
| Jacksonville, FL | 2 | $ 365,000 | $ 182,500 | $ 93,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 2 | $ 927,000 | $ 463,500 | $ 230,000 |
| Reno, NV | 2 | $ 445,000 | $ 222,500 | $ 182,000 |
| Salinas, CA | 2 | $ 719,000 | $ 359,500 | $ 128,000 |
| Santa Fe, NM | 2 | $ 354,000 | $ 177,000 | $ 43,000 |
| Virginia Beach-Norfolk-Newport News, VA-NC | 2 | $ 318,000 | $ 159,000 | $ 109,000 |
| Amarillo, TX | 1 | $ 103,000 | $ 103,000 | $ 78,000 |
| Anchorage, AK | 1 | $ 371,000 | $ 371,000 | $ 103,000 |
| Birmingham-Hoover, AL | 1 | $ 101,000 | $ 101,000 | $ 115,000 |
| El Centro, CA | 1 | $ 80,000 | $ 80,000 | $ 76,000 |
| Fairbanks, AK | 1 | $ 430,000 | $ 430,000 | $ 400,000 |
| Farmington, NM | 1 | $ 283,000 | $ 283,000 | $ 98,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 243,000 | $ 243,000 | $ 90,000 |
| Homosassa Springs, FL | 1 | $ 261,000 | $ 261,000 | $ 19,000 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 114,000 | $ 114,000 | $ 48,000 |
| Killeen-Temple, TX | 1 | $ 266,000 | $ 266,000 | $ 78,000 |
| Memphis, TN-MS-AR | 1 | $ 240,000 | $ 240,000 | $ 172,000 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | 1 | $ 206,000 | $ 206,000 | $ 82,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 231,000 | $ 231,000 | $ 158,000 |
| Odessa, TX | 1 | $ 308,000 | $ 308,000 | $ 93,000 |
| Ogden-Clearfield, UT | 1 | $ 222,000 | $ 222,000 | $ 63,000 |
| Rockford, IL | 1 | $ 92,000 | $ 92,000 | $ 100,000 |
| San Francisco-Redwood City-South San Francisco, CA | 1 | $ 158,000 | $ 158,000 | $ 49,000 |
| San Rafael, CA | 1 | $ 336,000 | $ 336,000 | $ 141,000 |
| Santa Maria-Santa Barbara, CA | 1 | $ 234,000 | $ 234,000 | $ 19,000 |
| Santa Rosa, CA | 1 | $ 549,000 | $ 549,000 | $ 119,000 |
| Spokane-Spokane Valley, WA | 1 | $ 362,000 | $ 362,000 | $ 117,000 |
| Tuscaloosa, AL | 1 | $ 125,000 | $ 125,000 | $ 131,000 |
| Visalia-Porterville, CA | 1 | $ 224,000 | $ 224,000 | $ 64,000 |
| Wenatchee, WA | 1 | $ 273,000 | $ 273,000 | $ 206,000 |
| Yakima, WA | 1 | $ 284,000 | $ 284,000 | $ 200,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2014
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 | 11,173 | $2,148,081,000 | $192,000 | $1,470,000 | $82,000 | $2,430,000 |
| Refinancing | 3,385 | $702,229,000 | $207,000 | $2,150,000 | $93,000 | $2,196,000 |
| Home Improvement | 112 | $24,227,000 | $216,000 | $687,000 | $104,000 | $508,000 |
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 | 10,384 | $2,161,578,000 | $208,000 | $2,000,000 | $93,000 | $2,430,000 |
| Hispanic | 2,946 | $446,884,000 | $151,000 | $1,429,000 | $59,000 | $728,000 |
| Not Provided | 494 | $99,623,000 | $201,000 | $2,150,000 | $76,000 | $1,115,000 |
| Black or African American | 407 | $77,717,000 | $190,000 | $700,000 | $74,000 | $397,000 |
| Asian | 342 | $70,166,000 | $205,000 | $1,087,000 | $99,000 | $494,000 |
| Native Hawaiian or Other Pacific Islander | 61 | $12,530,000 | $205,000 | $480,000 | $81,000 | $450,000 |
| American Indian or Alaskan Native | 36 | $6,039,000 | $167,000 | $413,000 | $62,000 | $179,000 |
| 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) | 7,986 | $1,669,068,000 | $208,000 | $2,150,000 | $103,000 | $2,430,000 |
| FHA-insured (Federal Housing Administration) | 4,513 | $746,979,000 | $165,000 | $636,000 | $59,000 | $401,000 |
| VA-guaranteed (Veterans Administration) | 1,686 | $388,024,000 | $230,000 | $839,000 | $78,000 | $424,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 485 | $70,466,000 | $145,000 | $321,000 | $47,000 | $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 | 10,287 | $2,016,789,000 | $196,000 | $2,000,000 | $85,000 | $2,430,000 |
| Application Withdrawn By Applicant | 2,868 | $574,076,000 | $200,000 | $2,150,000 | $87,000 | $2,196,000 |
| File Closed For Incompleteness | 971 | $189,685,000 | $195,000 | $1,087,000 | $85,000 | $579,000 |
| Application Denied By Financial Institution | 544 | $93,987,000 | $172,000 | $850,000 | $65,000 | $821,000 |
| 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 | 232 | $38,179,000 | $164,000 | $585,000 | $62,000 | $265,000 |
| Employment History | 86 | $16,733,000 | $194,000 | $850,000 | $61,000 | $546,000 |
| Credit History | 82 | $13,663,000 | $166,000 | $376,000 | $67,000 | $203,000 |
| Collateral | 61 | $10,765,000 | $176,000 | $625,000 | $85,000 | $821,000 |
| Debt-To-Income Ratio | 44 | $7,515,000 | $170,000 | $399,000 | $54,000 | $150,000 |
| Unverifiable Information | 38 | $6,893,000 | $181,000 | $480,000 | $65,000 | $223,000 |
| Mortgage Insurance Denied | 1 | $239,000 | $239,000 | $239,000 | $88,000 | $88,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2014 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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