Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2018
In 2018, Nova Financial & Investment Corporation of Tucson, AZ reported 19,535 mortgage applications totaling $4.4 billion, down 4% from 2017. The average application was for $224,656, and applicants reported an average income of $89,270. 59% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Tucson, AZ (5,709), Phoenix-Mesa-Scottsdale, AZ (4,555) and Denver-Aurora-Lakewood, CO (2,436) (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 | 19,535 |
| Total Mortgage Loan Application Amount | $4,388,665,000 |
| Average Mortgage Loan Application Amount | $224,656 |
| Highest Mortgage Loan Application Amount | $10,005,000 |
| Average Applicant Income | $89,270 |
| Highest Applicant Income | $4,620,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 5,709 | $ 1,074,685,000 | $ 188,244 | $ 85,000 |
| Phoenix-Mesa-Scottsdale, AZ | 4,555 | $ 1,048,825,000 | $ 230,257 | $ 88,000 |
| Denver-Aurora-Lakewood, CO | 2,436 | $ 779,910,000 | $ 320,160 | $ 113,000 |
| Yuma, AZ | 1,071 | $ 170,815,000 | $ 159,491 | $ 65,000 |
| Las Vegas-Henderson-Paradise, NV | 851 | $ 206,365,000 | $ 242,497 | $ 86,000 |
| Sierra Vista-Douglas, AZ | 568 | $ 88,610,000 | $ 156,003 | $ 73,000 |
| Colorado Springs, CO | 425 | $ 122,795,000 | $ 288,929 | $ 111,000 |
| Outside any metro area | 376 | $ 74,630,000 | $ 198,484 | $ 104,058 |
| Lake Havasu City-Kingman, AZ | 164 | $ 24,980,000 | $ 152,317 | $ 75,000 |
| Greeley, CO | 108 | $ 32,040,000 | $ 296,666 | $ 109,000 |
| San Diego-Carlsbad, CA | 100 | $ 44,110,000 | $ 441,100 | $ 145,000 |
| Prescott, AZ | 93 | $ 22,475,000 | $ 241,666 | $ 91,000 |
| Boulder, CO | 69 | $ 25,005,000 | $ 362,391 | $ 132,000 |
| Flagstaff, AZ | 69 | $ 19,915,000 | $ 288,623 | $ 157,000 |
| Fort Collins, CO | 51 | $ 15,395,000 | $ 301,862 | $ 128,000 |
| Dallas-Plano-Irving, TX | 37 | $ 18,495,000 | $ 499,864 | $ 81,000 |
| Fort Worth-Arlington, TX | 27 | $ 4,575,000 | $ 169,444 | $ 77,000 |
| Riverside-San Bernardino-Ontario, CA | 24 | $ 7,890,000 | $ 328,750 | $ 113,000 |
| Los Angeles-Long Beach-Glendale, CA | 16 | $ 7,030,000 | $ 439,375 | $ 138,000 |
| Anaheim-Santa Ana-Irvine, CA | 9 | $ 3,755,000 | $ 417,222 | $ 142,000 |
| Houston-The Woodlands-Sugar Land, TX | 9 | $ 2,515,000 | $ 279,444 | $ 123,000 |
| San Antonio-New Braunfels, TX | 9 | $ 1,845,000 | $ 205,000 | $ 92,000 |
| Pueblo, CO | 8 | $ 1,200,000 | $ 150,000 | $ 72,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 8 | $ 2,540,000 | $ 317,500 | $ 89,000 |
| Grand Junction, CO | 7 | $ 1,565,000 | $ 223,571 | $ 80,000 |
| Tampa-St. Petersburg-Clearwater, FL | 7 | $ 1,465,000 | $ 209,285 | $ 100,000 |
| Jacksonville, FL | 6 | $ 1,500,000 | $ 250,000 | $ 81,000 |
| Reno, NV | 6 | $ 970,000 | $ 161,666 | $ 177,000 |
| Tacoma-Lakewood, WA | 6 | $ 2,510,000 | $ 418,333 | $ 141,000 |
| Albuquerque, NM | 5 | $ 1,005,000 | $ 201,000 | $ 145,000 |
| Austin-Round Rock, TX | 5 | $ 1,435,000 | $ 287,000 | $ 129,000 |
| Las Cruces, NM | 5 | $ 1,005,000 | $ 201,000 | $ 159,000 |
| Waco, TX | 5 | $ 895,000 | $ 179,000 | $ 57,000 |
| Kennewick-Richland, WA | 4 | $ 1,180,000 | $ 295,000 | $ 123,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 4 | $ 1,320,000 | $ 330,000 | $ 146,750 |
| Salt Lake City, UT | 4 | $ 990,000 | $ 247,500 | $ 64,000 |
| Homosassa Springs, FL | 3 | $ 735,000 | $ 245,000 | $ 98,000 |
| Midland, TX | 3 | $ 905,000 | $ 301,666 | $ 103,000 |
| Ogden-Clearfield, UT | 3 | $ 755,000 | $ 251,666 | $ 117,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 775,000 | $ 258,333 | $ 125,000 |
| Salinas, CA | 3 | $ 535,000 | $ 178,333 | $ 109,000 |
| Seattle-Bellevue-Everett, WA | 3 | $ 1,395,000 | $ 465,000 | $ 206,000 |
| Bakersfield, CA | 2 | $ 230,000 | $ 115,000 | $ 69,000 |
| El Centro, CA | 2 | $ 240,000 | $ 120,000 | $ 38,000 |
| El Paso, TX | 2 | $ 280,000 | $ 140,000 | $ 87,000 |
| Fairbanks, AK | 2 | $ 440,000 | $ 220,000 | $ 327,000 |
| Fresno, CA | 2 | $ 320,000 | $ 160,000 | $ 131,000 |
| Oakland-Hayward-Berkeley, CA | 2 | $ 530,000 | $ 265,000 | $ 94,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 2 | $ 940,000 | $ 470,000 | $ 461,000 |
| San Rafael, CA | 2 | $ 1,490,000 | $ 745,000 | $ 184,000 |
| Santa Maria-Santa Barbara, CA | 2 | $ 780,000 | $ 390,000 | $ 103,000 |
| Santa Rosa, CA | 2 | $ 530,000 | $ 265,000 | $ 72,000 |
| Sebastian-Vero Beach, FL | 2 | $ 650,000 | $ 325,000 | $ 179,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 450,000 | $ 225,000 | $ 88,000 |
| Albany, OR | 1 | $ 225,000 | $ 225,000 | $ 71,000 |
| Bremerton-Silverdale, WA | 1 | $ 355,000 | $ 355,000 | $ 214,000 |
| Brownsville-Harlingen, TX | 1 | $ 125,000 | $ 125,000 | $ 47,000 |
| Carbondale-Marion, IL | 1 | $ 115,000 | $ 115,000 | $ 30,000 |
| College Station-Bryan, TX | 1 | $ 365,000 | $ 365,000 | $ 270,000 |
| Corvallis, OR | 1 | $ 195,000 | $ 195,000 | $ 23,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 1 | $ 295,000 | $ 295,000 | $ 143,000 |
| Eugene, OR | 1 | $ 135,000 | $ 135,000 | $ 68,000 |
| Grants Pass, OR | 1 | $ 295,000 | $ 295,000 | $ 75,000 |
| Hanford-Corcoran, CA | 1 | $ 255,000 | $ 255,000 | $ 83,000 |
| Killeen-Temple, TX | 1 | $ 465,000 | $ 465,000 | $ 139,000 |
| Lakeland-Winter Haven, FL | 1 | $ 175,000 | $ 175,000 | $ 65,000 |
| Laredo, TX | 1 | $ 155,000 | $ 155,000 | $ 86,000 |
| Lewiston, ID-WA | 1 | $ 155,000 | $ 155,000 | $ 96,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 95,000 | $ 95,000 | $ 41,000 |
| Lubbock, TX | 1 | $ 105,000 | $ 105,000 | $ 61,000 |
| Medford, OR | 1 | $ 355,000 | $ 355,000 | $ 525,000 |
| Miami-Miami Beach-Kendall, FL | 1 | $ 225,000 | $ 225,000 | $ 214,000 |
| Modesto, CA | 1 | $ 165,000 | $ 165,000 | $ 46,000 |
| Mount Vernon-Anacortes, WA | 1 | $ 405,000 | $ 405,000 | $ 146,000 |
| Naples-Immokalee-Marco Island, FL | 1 | $ 365,000 | $ 365,000 | $ 88,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 255,000 | $ 255,000 | $ 109,000 |
| Orlando-Kissimmee-Sanford, FL | 1 | $ 95,000 | $ 95,000 | $ 66,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 105,000 | $ 105,000 | $ 95,000 |
| Peoria, IL | 1 | $ 45,000 | $ 45,000 | $ 88,000 |
| Redding, CA | 1 | $ 255,000 | $ 255,000 | $ 75,000 |
| San Angelo, TX | 1 | $ 145,000 | $ 145,000 | $ 106,000 |
| San Francisco-Redwood City-South San Francisco, CA | 1 | $ 1,505,000 | $ 1,505,000 | $ 334,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 685,000 | $ 685,000 | $ 186,000 |
| Spokane-Spokane Valley, WA | 1 | $ 555,000 | $ 555,000 | $ 238,000 |
| St. George, UT | 1 | $ 205,000 | $ 205,000 | $ 507,000 |
| Vallejo-Fairfield, CA | 1 | $ 125,000 | $ 125,000 | $ 32,000 |
| Victoria, TX | 1 | $ 205,000 | $ 205,000 | $ 83,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2018
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 | 15,624 | $3,528,440,000 | $225,000 | $10,005,000 | $89,000 | $4,620,000 |
| Cash-out Refinancing | 2,268 | $504,290,000 | $222,000 | $2,505,000 | $94,000 | $3,990,000 |
| Refinancing | 1,383 | $296,755,000 | $214,000 | $1,505,000 | $85,000 | $900,000 |
| Home Improvement | 260 | $59,180,000 | $227,000 | $665,000 | $87,000 | $535,000 |
| Not Applicable | 0 | $0 | $0 | $0 | $0 | $0 |
| Other Purpose | 0 | $0 | $0 | $0 | $0 | $0 |
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 | 12,362 | $2,990,030,000 | $241,000 | $2,505,000 | $98,000 | $3,990,000 |
| Hispanic | 5,232 | $934,650,000 | $178,000 | $995,000 | $64,000 | $907,000 |
| Black or African American | 660 | $159,180,000 | $241,000 | $10,005,000 | $91,000 | $4,620,000 |
| Not Provided | 550 | $125,460,000 | $228,000 | $1,005,000 | $103,000 | $1,272,000 |
| Asian | 506 | $130,310,000 | $257,000 | $1,605,000 | $107,000 | $1,716,000 |
| American Indian or Alaskan Native | 113 | $23,435,000 | $207,000 | $505,000 | $94,000 | $1,312,000 |
| Native Hawaiian or Other Pacific Islander | 42 | $10,090,000 | $240,000 | $595,000 | $105,000 | $442,000 |
| 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) | 11,877 | $2,799,765,000 | $235,000 | $10,005,000 | $102,000 | $1,716,000 |
| FHA-insured (Federal Housing Administration) | 5,145 | $963,535,000 | $187,000 | $805,000 | $63,000 | $4,620,000 |
| VA-guaranteed (Veterans Administration) | 2,199 | $577,195,000 | $262,000 | $2,065,000 | $87,000 | $3,990,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 314 | $48,170,000 | $153,000 | $415,000 | $50,000 | $105,000 |
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 | 11,545 | $2,589,755,000 | $224,000 | $1,925,000 | $89,000 | $1,703,000 |
| File Closed For Incompleteness | 3,942 | $882,450,000 | $223,000 | $2,505,000 | $88,000 | $3,990,000 |
| Application Withdrawn By Applicant | 3,161 | $740,555,000 | $234,000 | $10,005,000 | $94,000 | $4,620,000 |
| Application Denied By Financial Institution | 886 | $175,600,000 | $198,000 | $1,505,000 | $79,000 | $1,344,000 |
| Application Approved But Not Accepted | 1 | $305,000 | $305,000 | $305,000 | $108,000 | $108,000 |
| 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 |
|---|---|---|---|---|---|---|
| Not applicable | 18,649 | $4,213,065,000 | $225,000 | $10,005,000 | $90,000 | $4,620,000 |
| Credit History | 316 | $60,580,000 | $191,000 | $1,205,000 | $91,000 | $1,344,000 |
| Collateral | 160 | $30,750,000 | $192,000 | $1,125,000 | $92,000 | $924,000 |
| Employment History | 144 | $29,850,000 | $207,000 | $955,000 | $57,000 | $314,000 |
| Other | 114 | $25,210,000 | $221,000 | $1,505,000 | $85,000 | $600,000 |
| Debt-To-Income Ratio | 111 | $21,945,000 | $197,000 | $715,000 | $53,000 | $210,000 |
| Unverifiable Information | 37 | $6,595,000 | $178,000 | $355,000 | $65,000 | $164,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 3 | $555,000 | $185,000 | $255,000 | $60,000 | $79,000 |
| Credit Application Incomplete | 1 | $115,000 | $115,000 | $115,000 | $73,000 | $73,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2018 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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