Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2020
In 2020, Nova Financial & Investment Corporation of Tucson, AZ reported 40,245 mortgage applications totaling $10.5 billion, up 75% from 2019. The average application was for $261,014, and applicants reported an average income of $100,825. 74% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Tucson, AZ (12,806), Phoenix-Mesa-Scottsdale, AZ (12,490) and Denver-Aurora-Lakewood, CO (4,941) (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 | 40,245 |
| Total Mortgage Loan Application Amount | $10,504,515,000 |
| Average Mortgage Loan Application Amount | $261,014 |
| Highest Mortgage Loan Application Amount | $3,085,000 |
| Average Applicant Income | $100,825 |
| Highest Applicant Income | $6,600,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 12,806 | $ 2,786,550,000 | $ 217,597 | $ 91,000 |
| Phoenix-Mesa-Scottsdale, AZ | 12,490 | $ 3,281,360,000 | $ 262,718 | $ 94,000 |
| Denver-Aurora-Lakewood, CO | 4,941 | $ 1,750,655,000 | $ 354,311 | $ 129,000 |
| Las Vegas-Henderson-Paradise, NV | 2,053 | $ 561,995,000 | $ 273,743 | $ 101,000 |
| Yuma, AZ | 1,974 | $ 354,370,000 | $ 179,518 | $ 77,000 |
| Sierra Vista-Douglas, AZ | 1,390 | $ 271,090,000 | $ 195,028 | $ 75,000 |
| Outside any metro area | 870 | $ 211,270,000 | $ 242,839 | $ 125,831 |
| San Diego-Carlsbad, CA | 799 | $ 400,085,000 | $ 500,732 | $ 185,000 |
| Lake Havasu City-Kingman, AZ | 374 | $ 70,910,000 | $ 189,598 | $ 84,000 |
| Flagstaff, AZ | 323 | $ 98,415,000 | $ 304,690 | $ 132,000 |
| Houston-The Woodlands-Sugar Land, TX | 301 | $ 79,065,000 | $ 262,674 | $ 137,000 |
| Colorado Springs, CO | 293 | $ 89,735,000 | $ 306,262 | $ 94,000 |
| Prescott Valley-Prescott, AZ | 277 | $ 73,975,000 | $ 267,057 | $ 98,000 |
| Boulder, CO | 186 | $ 77,540,000 | $ 416,881 | $ 156,000 |
| Greeley, CO | 178 | $ 56,020,000 | $ 314,719 | $ 110,000 |
| Indianapolis-Carmel-Anderson, IN | 124 | $ 30,550,000 | $ 246,370 | $ 119,000 |
| Fort Collins, CO | 113 | $ 35,065,000 | $ 310,309 | $ 111,000 |
| Riverside-San Bernardino-Ontario, CA | 87 | $ 27,585,000 | $ 317,068 | $ 196,000 |
| Los Angeles-Long Beach-Glendale, CA | 86 | $ 43,780,000 | $ 509,069 | $ 195,000 |
| Anaheim-Santa Ana-Irvine, CA | 57 | $ 28,995,000 | $ 508,684 | $ 186,000 |
| Dallas-Plano-Irving, TX | 29 | $ 9,255,000 | $ 319,137 | $ 94,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 27 | $ 9,285,000 | $ 343,888 | $ 146,000 |
| Pueblo, CO | 22 | $ 5,450,000 | $ 247,727 | $ 99,000 |
| Austin-Round Rock, TX | 21 | $ 7,995,000 | $ 380,714 | $ 168,000 |
| Oakland-Hayward-Berkeley, CA | 19 | $ 7,335,000 | $ 386,052 | $ 162,000 |
| Reno, NV | 18 | $ 5,630,000 | $ 312,777 | $ 173,000 |
| Chicago-Naperville, IL | 16 | $ 5,710,000 | $ 356,875 | $ 171,000 |
| Grand Junction, CO | 16 | $ 5,080,000 | $ 317,500 | $ 128,000 |
| Seattle-Bellevue-Everett, WA | 15 | $ 7,555,000 | $ 503,666 | $ 193,000 |
| Las Cruces, NM | 14 | $ 2,880,000 | $ 205,714 | $ 89,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 14 | $ 11,060,000 | $ 790,000 | $ 246,000 |
| San Antonio-New Braunfels, TX | 13 | $ 2,925,000 | $ 225,000 | $ 111,000 |
| Albuquerque, NM | 12 | $ 2,980,000 | $ 248,333 | $ 90,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 12 | $ 4,370,000 | $ 364,166 | $ 109,666 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 12 | $ 5,270,000 | $ 439,166 | $ 147,000 |
| Tampa-St. Petersburg-Clearwater, FL | 11 | $ 3,655,000 | $ 332,272 | $ 118,000 |
| Miami-Miami Beach-Kendall, FL | 10 | $ 4,090,000 | $ 409,000 | $ 243,000 |
| El Centro, CA | 9 | $ 1,585,000 | $ 176,111 | $ 70,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 9 | $ 4,065,000 | $ 451,666 | $ 171,000 |
| Tacoma-Lakewood, WA | 9 | $ 2,725,000 | $ 302,777 | $ 89,000 |
| El Paso, TX | 8 | $ 1,280,000 | $ 160,000 | $ 77,000 |
| Fort Worth-Arlington, TX | 8 | $ 1,330,000 | $ 166,250 | $ 90,000 |
| Salinas, CA | 8 | $ 3,570,000 | $ 446,250 | $ 119,000 |
| San Francisco-Redwood City-South San Francisco, CA | 8 | $ 5,430,000 | $ 678,750 | $ 230,000 |
| Palm Bay-Melbourne-Titusville, FL | 7 | $ 1,965,000 | $ 280,714 | $ 154,000 |
| Bakersfield, CA | 6 | $ 1,520,000 | $ 253,333 | $ 86,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 6 | $ 1,340,000 | $ 223,333 | $ 132,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 5 | $ 2,975,000 | $ 595,000 | $ 277,000 |
| Louisville/Jefferson County, KY-IN | 5 | $ 1,185,000 | $ 237,000 | $ 125,000 |
| Medford, OR | 5 | $ 1,485,000 | $ 297,000 | $ 193,000 |
| San Rafael, CA | 5 | $ 4,325,000 | $ 865,000 | $ 286,000 |
| Santa Maria-Santa Barbara, CA | 5 | $ 2,645,000 | $ 529,000 | $ 129,000 |
| Spokane-Spokane Valley, WA | 5 | $ 1,095,000 | $ 219,000 | $ 128,000 |
| Waco, TX | 5 | $ 985,000 | $ 197,000 | $ 86,000 |
| Yuba City, CA | 5 | $ 1,395,000 | $ 279,000 | $ 148,000 |
| Homosassa Springs, FL | 4 | $ 830,000 | $ 207,500 | $ 206,000 |
| Logan, UT-ID | 4 | $ 1,960,000 | $ 490,000 | $ 379,000 |
| Lubbock, TX | 4 | $ 590,000 | $ 147,500 | $ 128,000 |
| Midland, TX | 4 | $ 1,130,000 | $ 282,500 | $ 133,000 |
| Naples-Immokalee-Marco Island, FL | 4 | $ 1,560,000 | $ 390,000 | $ 219,000 |
| Stockton-Lodi, CA | 4 | $ 900,000 | $ 225,000 | $ 80,000 |
| Bellingham, WA | 3 | $ 915,000 | $ 305,000 | $ 83,000 |
| Bremerton-Silverdale, WA | 3 | $ 955,000 | $ 318,333 | $ 88,000 |
| Fresno, CA | 3 | $ 995,000 | $ 331,666 | $ 82,000 |
| Gary, IN | 3 | $ 645,000 | $ 215,000 | $ 131,000 |
| Jacksonville, FL | 3 | $ 315,000 | $ 105,000 | $ 81,000 |
| Killeen-Temple, TX | 3 | $ 765,000 | $ 255,000 | $ 34,000 |
| Lake County-Kenosha County, IL-WI | 3 | $ 875,000 | $ 291,666 | $ 234,000 |
| North Port-Sarasota-Bradenton, FL | 3 | $ 895,000 | $ 298,333 | $ 119,000 |
| Olympia-Tumwater, WA | 3 | $ 915,000 | $ 305,000 | $ 51,000 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 895,000 | $ 298,333 | $ 63,000 |
| Philadelphia, PA | 3 | $ 895,000 | $ 298,333 | $ 145,000 |
| Santa Fe, NM | 3 | $ 1,205,000 | $ 401,666 | $ 141,000 |
| Santa Rosa, CA | 3 | $ 1,015,000 | $ 338,333 | $ 144,000 |
| Vallejo-Fairfield, CA | 3 | $ 735,000 | $ 245,000 | $ 75,000 |
| Amarillo, TX | 2 | $ 430,000 | $ 215,000 | $ 119,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 610,000 | $ 305,000 | $ 232,000 |
| Corpus Christi, TX | 2 | $ 620,000 | $ 310,000 | $ 149,000 |
| Farmington, NM | 2 | $ 310,000 | $ 155,000 | $ 47,000 |
| Kennewick-Richland, WA | 2 | $ 720,000 | $ 360,000 | $ 80,000 |
| Lakeland-Winter Haven, FL | 2 | $ 300,000 | $ 150,000 | $ 67,000 |
| Modesto, CA | 2 | $ 610,000 | $ 305,000 | $ 99,000 |
| Mount Vernon-Anacortes, WA | 2 | $ 680,000 | $ 340,000 | $ 84,000 |
| Ocala, FL | 2 | $ 270,000 | $ 135,000 | $ 48,000 |
| Odessa, TX | 2 | $ 490,000 | $ 245,000 | $ 32,000 |
| Ogden-Clearfield, UT | 2 | $ 750,000 | $ 375,000 | $ 95,000 |
| Port St. Lucie, FL | 2 | $ 350,000 | $ 175,000 | $ 61,000 |
| Provo-Orem, UT | 2 | $ 620,000 | $ 310,000 | $ 111,000 |
| Punta Gorda, FL | 2 | $ 590,000 | $ 295,000 | $ 221,000 |
| Salt Lake City, UT | 2 | $ 400,000 | $ 200,000 | $ 154,000 |
| St. George, UT | 2 | $ 690,000 | $ 345,000 | $ 131,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 550,000 | $ 275,000 | $ 177,000 |
| Bend-Redmond, OR | 1 | $ 325,000 | $ 325,000 | $ 367,000 |
| Chambersburg-Waynesboro, PA | 1 | $ 55,000 | $ 55,000 | $ 38,000 |
| Cincinnati, OH-KY-IN | 1 | $ 125,000 | $ 125,000 | $ 54,000 |
| Columbus, IN | 1 | $ 175,000 | $ 175,000 | $ 42,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 1,025,000 | $ 1,025,000 | $ 512,000 |
| Elkhart-Goshen, IN | 1 | $ 165,000 | $ 165,000 | $ 64,000 |
| Eugene, OR | 1 | $ 355,000 | $ 355,000 | $ 161,000 |
| Fort Wayne, IN | 1 | $ 155,000 | $ 155,000 | $ 0 |
| Gainesville, FL | 1 | $ 165,000 | $ 165,000 | $ 84,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 195,000 | $ 195,000 | $ 164,000 |
| Panama City, FL | 1 | $ 315,000 | $ 315,000 | $ 148,000 |
| Pensacola-Ferry Pass-Brent, FL | 1 | $ 75,000 | $ 75,000 | $ 85,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 315,000 | $ 315,000 | $ 114,000 |
| Sebastian-Vero Beach, FL | 1 | $ 255,000 | $ 255,000 | $ 134,000 |
| Sherman-Denison, TX | 1 | $ 175,000 | $ 175,000 | $ 38,000 |
| South Bend-Mishawaka, IN-MI | 1 | $ 65,000 | $ 65,000 | $ 180,000 |
| Springfield, IL | 1 | $ 405,000 | $ 405,000 | $ 0 |
| The Villages, FL | 1 | $ 185,000 | $ 185,000 | $ 132,000 |
| Visalia-Porterville, CA | 1 | $ 135,000 | $ 135,000 | $ 156,000 |
| Walla Walla, WA | 1 | $ 365,000 | $ 365,000 | $ 70,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2020
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 |
|---|---|---|---|---|---|---|
| Refinancing | 18,530 | $4,823,360,000 | $260,000 | $3,085,000 | $102,000 | $4,200,000 |
| Home Purchase | 15,116 | $4,057,580,000 | $268,000 | $2,305,000 | $98,000 | $6,600,000 |
| Cash-out Refinancing | 6,599 | $1,623,575,000 | $246,000 | $1,955,000 | $104,000 | $2,100,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 | 25,951 | $7,163,575,000 | $276,000 | $2,305,000 | $110,000 | $4,200,000 |
| Hispanic | 9,508 | $2,019,750,000 | $212,000 | $3,085,000 | $73,000 | $1,840,000 |
| Not Provided | 2,544 | $704,920,000 | $277,000 | $1,785,000 | $111,000 | $6,600,000 |
| Asian | 956 | $274,970,000 | $287,000 | $1,605,000 | $121,000 | $2,234,000 |
| Black or African American | 910 | $236,170,000 | $259,000 | $945,000 | $82,000 | $648,000 |
| American Indian or Alaskan Native | 197 | $49,775,000 | $252,000 | $1,385,000 | $100,000 | $811,000 |
| Native Hawaiian or Other Pacific Islander | 88 | $24,250,000 | $275,000 | $815,000 | $119,000 | $700,000 |
| 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) | 30,167 | $7,997,355,000 | $265,000 | $3,085,000 | $115,000 | $6,600,000 |
| FHA-insured (Federal Housing Administration) | 5,794 | $1,276,760,000 | $220,000 | $745,000 | $60,000 | $1,320,000 |
| VA-guaranteed (Veterans Administration) | 3,992 | $1,179,470,000 | $295,000 | $2,305,000 | $54,000 | $1,194,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 292 | $50,930,000 | $174,000 | $555,000 | $51,000 | $110,000 |
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 | 29,718 | $7,839,320,000 | $263,000 | $2,305,000 | $101,000 | $2,681,000 |
| Application Withdrawn By Applicant | 6,741 | $1,732,595,000 | $257,000 | $3,005,000 | $103,000 | $6,600,000 |
| File Closed For Incompleteness | 2,609 | $659,135,000 | $252,000 | $3,085,000 | $100,000 | $2,700,000 |
| Application Denied By Financial Institution | 1,127 | $261,285,000 | $231,000 | $2,005,000 | $82,000 | $1,500,000 |
| Application Approved But Not Accepted | 50 | $12,180,000 | $243,000 | $525,000 | $97,000 | $368,000 |
| 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 | 39,118 | $10,243,230,000 | $261,000 | $3,085,000 | $101,000 | $6,600,000 |
| Employment History | 273 | $64,985,000 | $238,000 | $745,000 | $76,000 | $463,000 |
| Collateral | 201 | $43,435,000 | $216,000 | $1,335,000 | $94,000 | $1,500,000 |
| Credit History | 195 | $40,895,000 | $209,000 | $1,505,000 | $79,000 | $420,000 |
| Other | 189 | $51,105,000 | $270,000 | $2,005,000 | $98,000 | $1,200,000 |
| Debt-To-Income Ratio | 148 | $32,530,000 | $219,000 | $1,635,000 | $68,000 | $480,000 |
| Unverifiable Information | 81 | $19,245,000 | $237,000 | $715,000 | $82,000 | $400,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 38 | $8,420,000 | $221,000 | $485,000 | $58,000 | $217,000 |
| Mortgage Insurance Denied | 2 | $670,000 | $335,000 | $425,000 | $58,000 | $82,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2020 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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