Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2016
In 2016, Nova Financial & Investment Corporation of Tucson, AZ reported 23,178 mortgage applications totaling $5.0 billion, up 21% from 2015. The average application was for $216,658, and applicants reported an average income of $84,404. 70% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (7,528), Tucson, AZ (6,912) and Denver-Aurora-Lakewood, CO (3,746) (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 | 23,178 |
| Total Mortgage Loan Application Amount | $5,021,719,000 |
| Average Mortgage Loan Application Amount | $216,658 |
| Highest Mortgage Loan Application Amount | $6,065,000 |
| Average Applicant Income | $84,404 |
| Highest Applicant Income | $6,300,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 7,528 | $ 1,662,696,000 | $ 220,868 | $ 81,000 |
| Tucson, AZ | 6,912 | $ 1,230,317,000 | $ 177,997 | $ 77,000 |
| Denver-Aurora-Lakewood, CO | 3,746 | $ 1,077,311,000 | $ 287,589 | $ 102,000 |
| Las Vegas-Henderson-Paradise, NV | 1,217 | $ 260,440,000 | $ 214,001 | $ 88,000 |
| Yuma, AZ | 1,182 | $ 180,176,000 | $ 152,433 | $ 61,000 |
| Sierra Vista-Douglas, AZ | 578 | $ 80,877,000 | $ 139,925 | $ 66,000 |
| Colorado Springs, CO | 541 | $ 133,617,000 | $ 246,981 | $ 84,000 |
| San Diego-Carlsbad, CA | 154 | $ 74,334,000 | $ 482,688 | $ 187,000 |
| Greeley, CO | 152 | $ 40,674,000 | $ 267,592 | $ 87,000 |
| Boulder, CO | 87 | $ 29,873,000 | $ 343,367 | $ 125,000 |
| Prescott, AZ | 82 | $ 15,290,000 | $ 186,463 | $ 72,000 |
| Fort Collins, CO | 58 | $ 16,070,000 | $ 277,068 | $ 130,000 |
| Lake Havasu City-Kingman, AZ | 43 | $ 7,471,000 | $ 173,744 | $ 74,000 |
| Flagstaff, AZ | 41 | $ 10,061,000 | $ 245,390 | $ 157,000 |
| Riverside-San Bernardino-Ontario, CA | 37 | $ 8,932,000 | $ 241,405 | $ 114,000 |
| Dallas-Plano-Irving, TX | 36 | $ 8,968,000 | $ 249,111 | $ 177,000 |
| Los Angeles-Long Beach-Glendale, CA | 33 | $ 15,761,000 | $ 477,606 | $ 140,000 |
| El Centro, CA | 31 | $ 5,014,000 | $ 161,741 | $ 58,000 |
| Fort Worth-Arlington, TX | 30 | $ 5,269,000 | $ 175,633 | $ 87,000 |
| Anaheim-Santa Ana-Irvine, CA | 19 | $ 10,685,000 | $ 562,368 | $ 190,000 |
| Houston-The Woodlands-Sugar Land, TX | 19 | $ 4,434,000 | $ 233,368 | $ 93,000 |
| Seattle-Bellevue-Everett, WA | 17 | $ 6,780,000 | $ 398,823 | $ 128,000 |
| Pueblo, CO | 11 | $ 1,911,000 | $ 173,727 | $ 56,000 |
| Austin-Round Rock, TX | 9 | $ 4,853,000 | $ 539,222 | $ 260,000 |
| Las Cruces, NM | 9 | $ 1,663,000 | $ 184,777 | $ 124,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 9 | $ 2,697,000 | $ 299,666 | $ 98,111 |
| Sacramento--Roseville--Arden-Arcade, CA | 9 | $ 2,616,000 | $ 290,666 | $ 121,000 |
| Oakland-Hayward-Berkeley, CA | 8 | $ 4,574,000 | $ 571,750 | $ 150,000 |
| San Antonio-New Braunfels, TX | 8 | $ 1,854,000 | $ 231,750 | $ 68,000 |
| Chicago-Naperville-Arlington Heights, IL | 6 | $ 1,356,000 | $ 226,000 | $ 94,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 6 | $ 4,121,000 | $ 686,833 | $ 177,000 |
| Grand Junction, CO | 5 | $ 725,000 | $ 145,000 | $ 56,000 |
| Reno, NV | 5 | $ 1,640,000 | $ 328,000 | $ 131,000 |
| Albuquerque, NM | 4 | $ 632,000 | $ 158,000 | $ 95,000 |
| Jacksonville, FL | 4 | $ 673,000 | $ 168,250 | $ 83,000 |
| Miami-Miami Beach-Kendall, FL | 4 | $ 1,667,000 | $ 416,750 | $ 305,000 |
| San Francisco-Redwood City-South San Francisco, CA | 4 | $ 2,789,000 | $ 697,250 | $ 176,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 800,000 | $ 266,666 | $ 108,000 |
| Fresno, CA | 3 | $ 405,000 | $ 135,000 | $ 149,000 |
| Lake County-Kenosha County, IL-WI | 3 | $ 715,000 | $ 238,333 | $ 101,000 |
| Odessa, TX | 3 | $ 698,000 | $ 232,666 | $ 116,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 508,000 | $ 169,333 | $ 77,000 |
| Salt Lake City, UT | 3 | $ 630,000 | $ 210,000 | $ 85,000 |
| Santa Fe, NM | 3 | $ 599,000 | $ 199,666 | $ 64,000 |
| Bend-Redmond, OR | 2 | $ 396,000 | $ 198,000 | $ 54,000 |
| Crestview-Fort Walton Beach-Destin, FL | 2 | $ 492,000 | $ 246,000 | $ 135,000 |
| Eugene, OR | 2 | $ 388,000 | $ 194,000 | $ 51,000 |
| Killeen-Temple, TX | 2 | $ 216,000 | $ 108,000 | $ 16,000 |
| Modesto, CA | 2 | $ 457,000 | $ 228,500 | $ 17,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 476,000 | $ 238,000 | $ 84,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 386,000 | $ 193,000 | $ 115,000 |
| Palm Bay-Melbourne-Titusville, FL | 2 | $ 405,000 | $ 202,500 | $ 225,000 |
| Redding, CA | 2 | $ 776,000 | $ 388,000 | $ 96,000 |
| Salinas, CA | 2 | $ 601,000 | $ 300,500 | $ 112,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 2 | $ 603,000 | $ 301,500 | $ 232,000 |
| Santa Cruz-Watsonville, CA | 2 | $ 1,157,000 | $ 578,500 | $ 148,000 |
| Spokane-Spokane Valley, WA | 2 | $ 460,000 | $ 230,000 | $ 150,000 |
| St. Louis, MO-IL | 2 | $ 445,000 | $ 222,500 | $ 106,000 |
| Tacoma-Lakewood, WA | 2 | $ 441,000 | $ 220,500 | $ 317,000 |
| Tampa-St. Petersburg-Clearwater, FL | 2 | $ 748,000 | $ 374,000 | $ 237,000 |
| Anchorage, AK | 1 | $ 126,000 | $ 126,000 | $ 72,000 |
| Bellingham, WA | 1 | $ 253,000 | $ 253,000 | $ 54,000 |
| Bremerton-Silverdale, WA | 1 | $ 407,000 | $ 407,000 | $ 96,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 211,000 | $ 211,000 | $ 101,000 |
| Carson City, NV | 1 | $ 285,000 | $ 285,000 | $ 32,000 |
| El Paso, TX | 1 | $ 105,000 | $ 105,000 | $ 48,000 |
| Farmington, NM | 1 | $ 103,000 | $ 103,000 | $ 84,000 |
| Lakeland-Winter Haven, FL | 1 | $ 188,000 | $ 188,000 | $ 241,000 |
| McAllen-Edinburg-Mission, TX | 1 | $ 75,000 | $ 75,000 | $ 100,000 |
| Minneapolis-St. Paul-Bloomington, MN-WI | 1 | $ 200,000 | $ 200,000 | $ 59,000 |
| Olympia-Tumwater, WA | 1 | $ 225,000 | $ 225,000 | $ 106,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 309,000 | $ 309,000 | $ 42,000 |
| Provo-Orem, UT | 1 | $ 235,000 | $ 235,000 | $ 46,000 |
| Salem, OR | 1 | $ 186,000 | $ 186,000 | $ 40,000 |
| San Rafael, CA | 1 | $ 625,000 | $ 625,000 | $ 444,000 |
| Santa Maria-Santa Barbara, CA | 1 | $ 610,000 | $ 610,000 | $ 143,000 |
| Santa Rosa, CA | 1 | $ 294,000 | $ 294,000 | $ 81,000 |
| Sherman-Denison, TX | 1 | $ 265,000 | $ 265,000 | $ 161,000 |
| Stockton-Lodi, CA | 1 | $ 334,000 | $ 334,000 | $ 179,000 |
| The Villages, FL | 1 | $ 180,000 | $ 180,000 | $ 60,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2016
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 | 15,031 | $3,188,281,000 | $212,000 | $3,000,000 | $85,000 | $6,300,000 |
| Refinancing | 7,836 | $1,767,137,000 | $225,000 | $6,065,000 | $83,000 | $1,250,000 |
| Home Improvement | 311 | $66,301,000 | $213,000 | $1,046,000 | $91,000 | $454,000 |
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 | 15,947 | $3,690,237,000 | $231,000 | $3,000,000 | $92,000 | $4,958,000 |
| Hispanic | 5,000 | $844,224,000 | $168,000 | $1,312,000 | $59,000 | $843,000 |
| Not Provided | 901 | $190,108,000 | $210,000 | $6,065,000 | $106,000 | $6,300,000 |
| Black or African American | 605 | $130,112,000 | $215,000 | $885,000 | $72,000 | $525,000 |
| Asian | 519 | $123,733,000 | $238,000 | $2,460,000 | $94,000 | $1,213,000 |
| Native Hawaiin or Other Pacific Islander | 112 | $24,183,000 | $215,000 | $612,000 | $75,000 | $291,000 |
| American Indian or Alaskan Native | 94 | $19,122,000 | $203,000 | $590,000 | $77,000 | $317,000 |
| 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) | 13,215 | $3,056,315,000 | $231,000 | $6,065,000 | $105,000 | $6,300,000 |
| FHA-insured (Federal Housing Administration) | 7,093 | $1,288,216,000 | $181,000 | $636,000 | $54,000 | $919,000 |
| VA-guaranteed (Veterans Administration) | 2,583 | $635,592,000 | $246,000 | $1,400,000 | $68,000 | $775,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 287 | $41,596,000 | $144,000 | $431,000 | $45,000 | $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 | 16,267 | $3,537,870,000 | $217,000 | $2,460,000 | $83,000 | $4,958,000 |
| Application Withdrawn By Applicant | 4,792 | $1,044,225,000 | $217,000 | $3,000,000 | $90,000 | $6,300,000 |
| File Closed For Incompleteness | 1,241 | $270,507,000 | $217,000 | $1,333,000 | $84,000 | $1,070,000 |
| Application Denied By Financial Institution | 878 | $169,117,000 | $192,000 | $6,065,000 | $81,000 | $3,642,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 262 | $52,089,000 | $198,000 | $6,065,000 | $85,000 | $3,642,000 |
| Other | 259 | $50,198,000 | $193,000 | $1,040,000 | $83,000 | $975,000 |
| Collateral | 120 | $16,317,000 | $135,000 | $417,000 | $86,000 | $1,452,000 |
| Debt-To-Income Ratio | 101 | $21,963,000 | $217,000 | $2,252,000 | $81,000 | $1,002,000 |
| Employment History | 83 | $18,424,000 | $221,000 | $2,800,000 | $59,000 | $480,000 |
| Unverifiable Information | 39 | $7,150,000 | $183,000 | $370,000 | $66,000 | $172,000 |
| Credit Application Incomplete | 12 | $2,612,000 | $217,000 | $459,000 | $74,000 | $191,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 2 | $364,000 | $182,000 | $200,000 | $51,000 | $53,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2016 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.
For a list of all lenders in Arizona, download the full spreadsheet
with aggregated HMDA statistics today.
Mortgage lenders & HMDA data by state: Alabama · Alaska · Arizona · Arkansas · California · Colorado · Connecticut · Delaware · District of Columbia · Florida · Georgia · Hawaii · Idaho · Illinois · Indiana · Iowa · Kansas · Kentucky · Louisiana · Maine · Maryland · Massachusetts · Michigan · Minnesota · Mississippi · Missouri · Montana · Nebraska · Nevada · New Hampshire · New Jersey · New Mexico · New York · North Carolina · North Dakota · Ohio · Oklahoma · Oregon · Pennsylvania · Puerto Rico · Rhode Island · South Carolina · South Dakota · Tennessee · Texas · Utah · Vermont · Virginia · Washington · West Virginia · Wisconsin · Wyoming
Home · Mortgage lenders A–Z · Data downloads · Blog · About