Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2015
In 2015, Nova Financial & Investment Corporation of Tucson, AZ reported 19,116 mortgage applications totaling $4.0 billion, up 30% from 2014. The average application was for $207,066, and applicants reported an average income of $81,959. 71% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (6,538), Tucson, AZ (5,745) and Denver-Aurora-Lakewood, CO (3,334) (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 | 19,116 |
| Total Mortgage Loan Application Amount | $3,958,277,000 |
| Average Mortgage Loan Application Amount | $207,066 |
| Highest Mortgage Loan Application Amount | $1,924,000 |
| Average Applicant Income | $81,959 |
| Highest Applicant Income | $2,907,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 6,538 | $ 1,364,570,000 | $ 208,713 | $ 78,000 |
| Tucson, AZ | 5,745 | $ 1,014,991,000 | $ 176,673 | $ 78,000 |
| Denver-Aurora-Lakewood, CO | 3,334 | $ 892,527,000 | $ 267,704 | $ 97,000 |
| Las Vegas-Henderson-Paradise, NV | 895 | $ 185,122,000 | $ 206,840 | $ 83,000 |
| Yuma, AZ | 883 | $ 127,732,000 | $ 144,656 | $ 56,000 |
| Colorado Springs, CO | 414 | $ 102,406,000 | $ 247,357 | $ 85,000 |
| Sierra Vista-Douglas, AZ | 297 | $ 42,778,000 | $ 144,033 | $ 65,000 |
| Greeley, CO | 111 | $ 27,525,000 | $ 247,972 | $ 86,000 |
| Prescott, AZ | 84 | $ 16,960,000 | $ 201,904 | $ 70,000 |
| Boulder, CO | 63 | $ 18,596,000 | $ 295,174 | $ 130,000 |
| Flagstaff, AZ | 44 | $ 9,082,000 | $ 206,409 | $ 112,000 |
| Lake Havasu City-Kingman, AZ | 32 | $ 4,857,000 | $ 151,781 | $ 64,000 |
| Fort Collins, CO | 31 | $ 7,601,000 | $ 245,193 | $ 103,000 |
| Dallas-Plano-Irving, TX | 27 | $ 5,738,000 | $ 212,518 | $ 132,000 |
| Riverside-San Bernardino-Ontario, CA | 25 | $ 5,536,000 | $ 221,440 | $ 90,000 |
| Los Angeles-Long Beach-Glendale, CA | 21 | $ 8,739,000 | $ 416,142 | $ 243,000 |
| San Diego-Carlsbad, CA | 20 | $ 7,035,000 | $ 351,750 | $ 120,000 |
| Reno, NV | 19 | $ 5,484,000 | $ 288,631 | $ 115,000 |
| Seattle-Bellevue-Everett, WA | 13 | $ 4,257,000 | $ 327,461 | $ 116,000 |
| Anaheim-Santa Ana-Irvine, CA | 8 | $ 2,681,000 | $ 335,125 | $ 93,000 |
| Fort Worth-Arlington, TX | 8 | $ 1,173,000 | $ 146,625 | $ 72,000 |
| Houston-The Woodlands-Sugar Land, TX | 7 | $ 2,369,000 | $ 338,428 | $ 177,000 |
| Las Cruces, NM | 7 | $ 1,451,000 | $ 207,285 | $ 82,000 |
| Orlando-Kissimmee-Sanford, FL | 7 | $ 1,856,000 | $ 265,142 | $ 141,000 |
| Oakland-Hayward-Berkeley, CA | 6 | $ 2,663,000 | $ 443,833 | $ 121,000 |
| Salinas, CA | 6 | $ 1,913,000 | $ 318,833 | $ 98,000 |
| San Antonio-New Braunfels, TX | 6 | $ 934,000 | $ 155,666 | $ 109,000 |
| Ogden-Clearfield, UT | 5 | $ 808,000 | $ 161,600 | $ 68,000 |
| Pueblo, CO | 5 | $ 1,020,000 | $ 204,000 | $ 71,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 5 | $ 1,739,000 | $ 347,800 | $ 93,000 |
| Austin-Round Rock, TX | 4 | $ 989,000 | $ 247,250 | $ 77,000 |
| Grand Junction, CO | 4 | $ 637,000 | $ 159,250 | $ 63,000 |
| Salt Lake City, UT | 4 | $ 818,000 | $ 204,500 | $ 126,000 |
| Tacoma-Lakewood, WA | 4 | $ 1,089,000 | $ 272,250 | $ 182,000 |
| Tampa-St. Petersburg-Clearwater, FL | 4 | $ 1,036,000 | $ 259,000 | $ 140,000 |
| Albuquerque, NM | 3 | $ 640,000 | $ 213,333 | $ 66,000 |
| Anchorage, AK | 3 | $ 945,000 | $ 315,000 | $ 156,000 |
| Chicago-Naperville-Arlington Heights, IL | 3 | $ 567,000 | $ 189,000 | $ 55,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 3 | $ 905,000 | $ 301,666 | $ 55,000 |
| Provo-Orem, UT | 3 | $ 748,000 | $ 249,333 | $ 93,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 3 | $ 2,674,000 | $ 891,333 | $ 212,000 |
| Spokane-Spokane Valley, WA | 3 | $ 333,000 | $ 111,000 | $ 122,000 |
| Bakersfield, CA | 2 | $ 415,000 | $ 207,500 | $ 91,000 |
| El Centro, CA | 2 | $ 277,000 | $ 138,500 | $ 90,000 |
| Farmington, NM | 2 | $ 213,000 | $ 106,500 | $ 122,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 622,000 | $ 311,000 | $ 131,000 |
| Jacksonville, FL | 2 | $ 244,000 | $ 122,000 | $ 65,000 |
| Killeen-Temple, TX | 2 | $ 447,000 | $ 223,500 | $ 66,000 |
| Lubbock, TX | 2 | $ 414,000 | $ 207,000 | $ 142,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 2 | $ 905,000 | $ 452,500 | $ 151,000 |
| Panama City, FL | 2 | $ 640,000 | $ 320,000 | $ 227,000 |
| Santa Maria-Santa Barbara, CA | 2 | $ 490,000 | $ 245,000 | $ 105,000 |
| Sebring, FL | 2 | $ 185,000 | $ 92,500 | $ 23,000 |
| Tyler, TX | 2 | $ 268,000 | $ 134,000 | $ 54,000 |
| Bend-Redmond, OR | 1 | $ 210,000 | $ 210,000 | $ 147,000 |
| Carson City, NV | 1 | $ 405,000 | $ 405,000 | $ 148,000 |
| College Station-Bryan, TX | 1 | $ 270,000 | $ 270,000 | $ 190,000 |
| Elgin, IL | 1 | $ 226,000 | $ 226,000 | $ 79,000 |
| Fresno, CA | 1 | $ 396,000 | $ 396,000 | $ 140,000 |
| Gainesville, FL | 1 | $ 208,000 | $ 208,000 | $ 151,000 |
| Kennewick-Richland, WA | 1 | $ 180,000 | $ 180,000 | $ 44,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 346,000 | $ 346,000 | $ 216,000 |
| Midland, TX | 1 | $ 278,000 | $ 278,000 | $ 130,000 |
| Modesto, CA | 1 | $ 120,000 | $ 120,000 | $ 94,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 300,000 | $ 300,000 | $ 96,000 |
| Olympia-Tumwater, WA | 1 | $ 316,000 | $ 316,000 | $ 56,000 |
| Port St. Lucie, FL | 1 | $ 115,000 | $ 115,000 | $ 53,000 |
| San Angelo, TX | 1 | $ 285,000 | $ 285,000 | $ 152,000 |
| San Rafael, CA | 1 | $ 525,000 | $ 525,000 | $ 89,000 |
| Stockton-Lodi, CA | 1 | $ 100,000 | $ 100,000 | $ 59,000 |
| The Villages, FL | 1 | $ 210,000 | $ 210,000 | $ 38,000 |
| Vallejo-Fairfield, CA | 1 | $ 417,000 | $ 417,000 | $ 132,000 |
| Victoria, TX | 1 | $ 172,000 | $ 172,000 | $ 79,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2015
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 | 12,287 | $2,520,849,000 | $205,000 | $1,924,000 | $83,000 | $2,688,000 |
| Refinancing | 6,630 | $1,397,227,000 | $210,000 | $1,830,000 | $80,000 | $2,907,000 |
| Home Improvement | 199 | $40,201,000 | $202,000 | $963,000 | $83,000 | $663,000 |
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 | 13,712 | $3,012,350,000 | $219,000 | $1,924,000 | $89,000 | $2,688,000 |
| Hispanic | 3,901 | $624,299,000 | $160,000 | $1,350,000 | $58,000 | $786,000 |
| Not Provided | 491 | $109,850,000 | $223,000 | $1,750,000 | $98,000 | $2,907,000 |
| Black or African American | 449 | $90,867,000 | $202,000 | $522,000 | $69,000 | $372,000 |
| Asian | 431 | $94,478,000 | $219,000 | $1,750,000 | $88,000 | $1,358,000 |
| Native Hawaiian or Other Pacific Islander | 84 | $17,138,000 | $204,000 | $800,000 | $95,000 | $441,000 |
| American Indian or Alaskan Native | 48 | $9,295,000 | $193,000 | $583,000 | $61,000 | $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) | 9,692 | $2,166,410,000 | $223,000 | $1,924,000 | $105,000 | $2,907,000 |
| FHA-insured (Federal Housing Administration) | 7,046 | $1,249,673,000 | $177,000 | $635,000 | $55,000 | $1,920,000 |
| VA-guaranteed (Veterans Administration) | 2,080 | $499,240,000 | $240,000 | $1,093,000 | $73,000 | $443,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 298 | $42,954,000 | $144,000 | $385,000 | $49,000 | $112,000 |
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 | 13,642 | $2,816,955,000 | $206,000 | $1,348,000 | $81,000 | $2,688,000 |
| Application Withdrawn By Applicant | 3,766 | $795,193,000 | $211,000 | $1,924,000 | $87,000 | $2,907,000 |
| File Closed For Incompleteness | 1,145 | $243,166,000 | $212,000 | $1,155,000 | $82,000 | $966,000 |
| Application Denied By Financial Institution | 561 | $102,651,000 | $182,000 | $918,000 | $71,000 | $1,920,000 |
| Application Approved But Not Accepted | 2 | $312,000 | $156,000 | $176,000 | $77,000 | $88,000 |
| 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 | 200 | $35,384,000 | $176,000 | $900,000 | $68,000 | $360,000 |
| Employment History | 108 | $21,258,000 | $196,000 | $918,000 | $57,000 | $275,000 |
| Credit History | 107 | $19,911,000 | $186,000 | $900,000 | $90,000 | $1,920,000 |
| Collateral | 75 | $13,594,000 | $181,000 | $788,000 | $84,000 | $439,000 |
| Debt-To-Income Ratio | 46 | $7,901,000 | $171,000 | $350,000 | $63,000 | $334,000 |
| Unverifiable Information | 21 | $3,972,000 | $189,000 | $380,000 | $52,000 | $140,000 |
| Credit Application Incomplete | 3 | $510,000 | $170,000 | $204,000 | $48,000 | $62,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $121,000 | $121,000 | $121,000 | $98,000 | $98,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2015 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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