Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2017
In 2017, Nova Financial & Investment Corporation of Tucson, AZ reported 20,321 mortgage applications totaling $4.6 billion, down 12% from 2016. The average application was for $224,121, and applicants reported an average income of $88,693. 69% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (6,338), Tucson, AZ (6,282) and Denver-Aurora-Lakewood, CO (3,201) (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 | 20,321 |
| Total Mortgage Loan Application Amount | $4,554,380,000 |
| Average Mortgage Loan Application Amount | $224,121 |
| Highest Mortgage Loan Application Amount | $4,800,000 |
| Average Applicant Income | $88,693 |
| Highest Applicant Income | $24,000,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 6,338 | $ 1,438,401,000 | $ 226,948 | $ 85,000 |
| Tucson, AZ | 6,282 | $ 1,154,521,000 | $ 183,782 | $ 81,000 |
| Denver-Aurora-Lakewood, CO | 3,201 | $ 982,893,000 | $ 307,058 | $ 106,000 |
| Las Vegas-Henderson-Paradise, NV | 1,000 | $ 220,023,000 | $ 220,023 | $ 106,000 |
| Yuma, AZ | 995 | $ 151,716,000 | $ 152,478 | $ 62,000 |
| Sierra Vista-Douglas, AZ | 591 | $ 83,355,000 | $ 141,040 | $ 66,000 |
| Colorado Springs, CO | 514 | $ 135,180,000 | $ 262,996 | $ 93,000 |
| San Diego-Carlsbad, CA | 155 | $ 78,188,000 | $ 504,438 | $ 173,000 |
| Greeley, CO | 131 | $ 34,650,000 | $ 264,503 | $ 92,000 |
| Prescott, AZ | 99 | $ 21,459,000 | $ 216,757 | $ 89,000 |
| Boulder, CO | 90 | $ 34,465,000 | $ 382,944 | $ 154,000 |
| Lake Havasu City-Kingman, AZ | 74 | $ 12,573,000 | $ 169,905 | $ 78,000 |
| Fort Collins, CO | 48 | $ 13,649,000 | $ 284,354 | $ 126,000 |
| Flagstaff, AZ | 47 | $ 12,267,000 | $ 261,000 | $ 129,000 |
| Riverside-San Bernardino-Ontario, CA | 38 | $ 12,131,000 | $ 319,236 | $ 157,000 |
| Fort Worth-Arlington, TX | 34 | $ 6,497,000 | $ 191,088 | $ 84,000 |
| Dallas-Plano-Irving, TX | 33 | $ 7,749,000 | $ 234,818 | $ 89,000 |
| Los Angeles-Long Beach-Glendale, CA | 28 | $ 16,961,000 | $ 605,750 | $ 218,000 |
| Anaheim-Santa Ana-Irvine, CA | 12 | $ 5,485,000 | $ 457,083 | $ 121,000 |
| Houston-The Woodlands-Sugar Land, TX | 10 | $ 2,448,000 | $ 244,800 | $ 146,000 |
| San Antonio-New Braunfels, TX | 10 | $ 2,460,000 | $ 246,000 | $ 105,000 |
| Austin-Round Rock, TX | 8 | $ 1,646,000 | $ 205,750 | $ 110,000 |
| Chicago-Naperville-Arlington Heights, IL | 8 | $ 1,479,000 | $ 184,875 | $ 99,000 |
| Pueblo, CO | 8 | $ 1,291,000 | $ 161,375 | $ 91,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 8 | $ 3,060,000 | $ 382,500 | $ 148,000 |
| Reno, NV | 6 | $ 1,464,000 | $ 244,000 | $ 152,000 |
| El Paso, TX | 5 | $ 947,000 | $ 189,400 | $ 51,000 |
| Jacksonville, FL | 5 | $ 796,000 | $ 159,200 | $ 62,000 |
| Oakland-Hayward-Berkeley, CA | 5 | $ 2,428,000 | $ 485,600 | $ 148,000 |
| Tampa-St. Petersburg-Clearwater, FL | 5 | $ 1,279,000 | $ 255,800 | $ 114,000 |
| Fresno, CA | 4 | $ 1,036,000 | $ 259,000 | $ 223,000 |
| Las Cruces, NM | 4 | $ 903,000 | $ 225,750 | $ 108,000 |
| Midland, TX | 4 | $ 645,000 | $ 161,250 | $ 57,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 4 | $ 1,066,000 | $ 266,500 | $ 104,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 4 | $ 4,457,000 | $ 1,114,250 | $ 293,000 |
| Spokane-Spokane Valley, WA | 4 | $ 813,000 | $ 203,250 | $ 80,000 |
| Albuquerque, NM | 3 | $ 557,000 | $ 185,666 | $ 88,000 |
| Ocala, FL | 3 | $ 399,000 | $ 133,000 | $ 44,000 |
| Olympia-Tumwater, WA | 3 | $ 691,000 | $ 230,333 | $ 49,000 |
| Salt Lake City, UT | 3 | $ 728,000 | $ 242,666 | $ 143,000 |
| San Rafael, CA | 3 | $ 1,976,000 | $ 658,666 | $ 246,000 |
| Seattle-Bellevue-Everett, WA | 3 | $ 1,147,000 | $ 382,333 | $ 103,000 |
| Sherman-Denison, TX | 3 | $ 574,000 | $ 191,333 | $ 49,000 |
| Bend-Redmond, OR | 2 | $ 491,000 | $ 245,500 | $ 87,000 |
| Eugene, OR | 2 | $ 410,000 | $ 205,000 | $ 105,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 567,000 | $ 283,500 | $ 151,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 359,000 | $ 179,500 | $ 67,000 |
| Medford, OR | 2 | $ 491,000 | $ 245,500 | $ 224,000 |
| Merced, CA | 2 | $ 542,000 | $ 271,000 | $ 108,000 |
| Salinas, CA | 2 | $ 1,233,000 | $ 616,500 | $ 176,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 2 | $ 856,000 | $ 428,000 | $ 85,000 |
| Tacoma-Lakewood, WA | 2 | $ 588,000 | $ 294,000 | $ 113,000 |
| Abilene, TX | 1 | $ 236,000 | $ 236,000 | $ 70,000 |
| Amarillo, TX | 1 | $ 424,000 | $ 424,000 | $ 80,000 |
| Anchorage, AK | 1 | $ 225,000 | $ 225,000 | $ 83,000 |
| Bakersfield, CA | 1 | $ 200,000 | $ 200,000 | $ 61,000 |
| Bellingham, WA | 1 | $ 163,000 | $ 163,000 | $ 62,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 146,000 | $ 146,000 | $ 59,000 |
| Carbondale-Marion, IL | 1 | $ 116,000 | $ 116,000 | $ 42,000 |
| College Station-Bryan, TX | 1 | $ 211,000 | $ 211,000 | $ 134,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 187,000 | $ 187,000 | $ 48,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 100,000 | $ 100,000 | $ 116,000 |
| El Centro, CA | 1 | $ 144,000 | $ 144,000 | $ 29,000 |
| Gainesville, FL | 1 | $ 121,000 | $ 121,000 | $ 88,000 |
| Grand Junction, CO | 1 | $ 214,000 | $ 214,000 | $ 37,000 |
| Kennewick-Richland, WA | 1 | $ 116,000 | $ 116,000 | $ 46,000 |
| Killeen-Temple, TX | 1 | $ 280,000 | $ 280,000 | $ 103,000 |
| Lakeland-Winter Haven, FL | 1 | $ 40,000 | $ 40,000 | $ 65,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 396,000 | $ 396,000 | $ 275,000 |
| Modesto, CA | 1 | $ 280,000 | $ 280,000 | $ 67,000 |
| Mount Vernon-Anacortes, WA | 1 | $ 262,000 | $ 262,000 | $ 58,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 388,000 | $ 388,000 | $ 167,000 |
| Odessa, TX | 1 | $ 162,000 | $ 162,000 | $ 62,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 204,000 | $ 204,000 | $ 202,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 405,000 | $ 405,000 | $ 200,000 |
| Panama City, FL | 1 | $ 101,000 | $ 101,000 | $ 82,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 240,000 | $ 240,000 | $ 68,000 |
| Port St. Lucie, FL | 1 | $ 135,000 | $ 135,000 | $ 156,000 |
| Redding, CA | 1 | $ 269,000 | $ 269,000 | $ 87,000 |
| San Francisco-Redwood City-South San Francisco, CA | 1 | $ 529,000 | $ 529,000 | $ 220,000 |
| Santa Fe, NM | 1 | $ 420,000 | $ 420,000 | $ 258,000 |
| Santa Maria-Santa Barbara, CA | 1 | $ 688,000 | $ 688,000 | $ 230,000 |
| St. George, UT | 1 | $ 285,000 | $ 285,000 | $ 67,000 |
| Tallahassee, FL | 1 | $ 103,000 | $ 103,000 | $ 80,000 |
| Vallejo-Fairfield, CA | 1 | $ 245,000 | $ 245,000 | $ 139,000 |
| Waco, TX | 1 | $ 310,000 | $ 310,000 | $ 179,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 280,000 | $ 280,000 | $ 99,000 |
| Wichita Falls, TX | 1 | $ 274,000 | $ 274,000 | $ 59,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2017
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 | 14,881 | $3,339,399,000 | $224,000 | $4,800,000 | $89,000 | $24,000,000 |
| Refinancing | 5,176 | $1,159,754,000 | $224,000 | $2,195,000 | $88,000 | $1,170,000 |
| Home Improvement | 264 | $55,227,000 | $209,000 | $715,000 | $85,000 | $336,000 |
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 | 13,890 | $3,332,340,000 | $239,000 | $2,400,000 | $95,000 | $2,040,000 |
| Hispanic | 4,670 | $823,288,000 | $176,000 | $1,450,000 | $64,000 | $1,012,000 |
| Not Provided | 604 | $133,923,000 | $221,000 | $4,800,000 | $138,000 | $24,000,000 |
| Black or African American | 558 | $120,206,000 | $215,000 | $974,000 | $77,000 | $624,000 |
| Asian | 457 | $115,223,000 | $252,000 | $1,309,000 | $105,000 | $577,000 |
| Native Hawaiian or Other Pacific Islander | 83 | $18,491,000 | $222,000 | $1,166,000 | $98,000 | $757,000 |
| American Indian or Alaskan Native | 59 | $10,909,000 | $184,000 | $414,000 | $65,000 | $173,000 |
| 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) | 11,825 | $2,813,324,000 | $237,000 | $4,800,000 | $106,000 | $24,000,000 |
| FHA-insured (Federal Housing Administration) | 5,849 | $1,106,947,000 | $189,000 | $1,400,000 | $60,000 | $1,110,000 |
| VA-guaranteed (Veterans Administration) | 2,309 | $583,721,000 | $252,000 | $1,499,000 | $80,000 | $745,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 338 | $50,388,000 | $149,000 | $331,000 | $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 | 13,928 | $3,123,922,000 | $224,000 | $1,832,000 | $87,000 | $1,613,000 |
| Application Withdrawn By Applicant | 4,275 | $985,357,000 | $230,000 | $4,800,000 | $99,000 | $24,000,000 |
| File Closed For Incompleteness | 1,296 | $289,259,000 | $223,000 | $1,950,000 | $89,000 | $984,000 |
| Application Denied By Financial Institution | 820 | $155,310,000 | $189,000 | $2,195,000 | $70,000 | $745,000 |
| Application Approved But Not Accepted | 2 | $532,000 | $266,000 | $320,000 | $72,000 | $96,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 263 | $49,395,000 | $187,000 | $550,000 | $73,000 | $745,000 |
| Collateral | 153 | $22,744,000 | $148,000 | $455,000 | $71,000 | $340,000 |
| Employment History | 132 | $27,298,000 | $206,000 | $2,195,000 | $58,000 | $703,000 |
| Debt-To-Income Ratio | 106 | $21,762,000 | $205,000 | $515,000 | $68,000 | $394,000 |
| Other | 100 | $20,710,000 | $207,000 | $1,955,000 | $77,000 | $613,000 |
| Unverifiable Information | 33 | $7,018,000 | $212,000 | $566,000 | $65,000 | $157,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 27 | $4,718,000 | $174,000 | $580,000 | $66,000 | $380,000 |
| Credit Application Incomplete | 6 | $1,665,000 | $277,000 | $424,000 | $125,000 | $380,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2017 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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