Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2021
In 2021, Nova Financial & Investment Corporation of Tucson, AZ reported 34,732 mortgage applications totaling $9.5 billion, down 14% from 2020. The average application was for $274,831, and applicants reported an average income of $105,562. 69% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Tucson, AZ (10,913), Phoenix-Mesa-Scottsdale, AZ (10,439) and Denver-Aurora-Lakewood, CO (2,820) (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 | 34,732 |
| Total Mortgage Loan Application Amount | $9,545,440,000 |
| Average Mortgage Loan Application Amount | $274,831 |
| Highest Mortgage Loan Application Amount | $2,905,000 |
| Average Applicant Income | $105,562 |
| Highest Applicant Income | $6,307,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 10,913 | $ 2,512,115,000 | $ 230,194 | $ 99,000 |
| Phoenix-Mesa-Scottsdale, AZ | 10,439 | $ 3,027,935,000 | $ 290,059 | $ 100,000 |
| Denver-Aurora-Lakewood, CO | 2,820 | $ 1,094,930,000 | $ 388,273 | $ 142,000 |
| Yuma, AZ | 2,365 | $ 446,525,000 | $ 188,805 | $ 78,000 |
| Las Vegas-Henderson-Paradise, NV | 1,512 | $ 439,270,000 | $ 290,522 | $ 101,000 |
| Sierra Vista-Douglas, AZ | 1,301 | $ 264,345,000 | $ 203,186 | $ 86,000 |
| Outside any metro area | 925 | $ 229,385,000 | $ 247,983 | $ 119,872 |
| San Diego-Carlsbad, CA | 626 | $ 351,270,000 | $ 561,134 | $ 209,000 |
| Lake Havasu City-Kingman, AZ | 329 | $ 67,005,000 | $ 203,662 | $ 91,000 |
| Prescott Valley-Prescott, AZ | 272 | $ 76,550,000 | $ 281,433 | $ 112,000 |
| Flagstaff, AZ | 233 | $ 81,175,000 | $ 348,390 | $ 149,000 |
| Colorado Springs, CO | 171 | $ 52,695,000 | $ 308,157 | $ 107,000 |
| Boulder, CO | 127 | $ 54,795,000 | $ 431,456 | $ 170,000 |
| Greeley, CO | 119 | $ 39,325,000 | $ 330,462 | $ 110,000 |
| Houston-The Woodlands-Sugar Land, TX | 102 | $ 28,320,000 | $ 277,647 | $ 116,000 |
| Los Angeles-Long Beach-Glendale, CA | 102 | $ 52,490,000 | $ 514,607 | $ 200,000 |
| Fort Collins, CO | 87 | $ 31,625,000 | $ 363,505 | $ 142,000 |
| Riverside-San Bernardino-Ontario, CA | 80 | $ 25,090,000 | $ 313,625 | $ 151,000 |
| Indianapolis-Carmel-Anderson, IN | 48 | $ 12,580,000 | $ 262,083 | $ 121,000 |
| Anaheim-Santa Ana-Irvine, CA | 42 | $ 24,810,000 | $ 590,714 | $ 222,000 |
| Dallas-Plano-Irving, TX | 37 | $ 10,985,000 | $ 296,891 | $ 158,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 25 | $ 12,185,000 | $ 487,400 | $ 284,000 |
| Oakland-Hayward-Berkeley, CA | 19 | $ 10,585,000 | $ 557,105 | $ 215,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 18 | $ 5,840,000 | $ 324,444 | $ 119,277 |
| Albuquerque, NM | 17 | $ 3,785,000 | $ 222,647 | $ 87,000 |
| Reno, NV | 14 | $ 5,370,000 | $ 383,571 | $ 181,000 |
| Chicago-Naperville, IL | 13 | $ 4,065,000 | $ 312,692 | $ 150,000 |
| Pueblo, CO | 13 | $ 3,615,000 | $ 278,076 | $ 117,000 |
| Seattle-Bellevue-Everett, WA | 13 | $ 8,285,000 | $ 637,307 | $ 211,000 |
| Fort Worth-Arlington, TX | 12 | $ 3,300,000 | $ 275,000 | $ 121,000 |
| San Antonio-New Braunfels, TX | 12 | $ 2,750,000 | $ 229,166 | $ 118,000 |
| San Francisco-Redwood City-South San Francisco, CA | 12 | $ 13,310,000 | $ 1,109,166 | $ 505,000 |
| Tampa-St. Petersburg-Clearwater, FL | 12 | $ 3,500,000 | $ 291,666 | $ 146,000 |
| Austin-Round Rock, TX | 11 | $ 3,515,000 | $ 319,545 | $ 201,000 |
| Las Cruces, NM | 11 | $ 1,805,000 | $ 164,090 | $ 104,000 |
| Louisville/Jefferson County, KY-IN | 10 | $ 2,540,000 | $ 254,000 | $ 121,000 |
| Bakersfield, CA | 9 | $ 2,655,000 | $ 295,000 | $ 125,000 |
| El Centro, CA | 9 | $ 1,865,000 | $ 207,222 | $ 93,000 |
| Salinas, CA | 9 | $ 3,685,000 | $ 409,444 | $ 182,000 |
| Killeen-Temple, TX | 8 | $ 2,120,000 | $ 265,000 | $ 110,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 8 | $ 4,400,000 | $ 550,000 | $ 229,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 7 | $ 3,055,000 | $ 436,428 | $ 223,000 |
| Visalia-Porterville, CA | 7 | $ 1,335,000 | $ 190,714 | $ 114,000 |
| Grand Junction, CO | 6 | $ 1,520,000 | $ 253,333 | $ 93,000 |
| Ogden-Clearfield, UT | 6 | $ 3,160,000 | $ 526,666 | $ 402,000 |
| Orlando-Kissimmee-Sanford, FL | 6 | $ 1,590,000 | $ 265,000 | $ 113,000 |
| Tacoma-Lakewood, WA | 6 | $ 1,820,000 | $ 303,333 | $ 83,000 |
| Cape Coral-Fort Myers, FL | 5 | $ 1,275,000 | $ 255,000 | $ 90,000 |
| El Paso, TX | 5 | $ 755,000 | $ 151,000 | $ 94,000 |
| Lexington-Fayette, KY | 5 | $ 1,815,000 | $ 363,000 | $ 141,000 |
| Olympia-Tumwater, WA | 5 | $ 1,365,000 | $ 273,000 | $ 138,000 |
| San Rafael, CA | 5 | $ 4,615,000 | $ 923,000 | $ 426,000 |
| Bend-Redmond, OR | 4 | $ 990,000 | $ 247,500 | $ 86,000 |
| Crestview-Fort Walton Beach-Destin, FL | 4 | $ 1,550,000 | $ 387,500 | $ 179,000 |
| Eugene, OR | 4 | $ 1,060,000 | $ 265,000 | $ 162,000 |
| Midland, TX | 4 | $ 500,000 | $ 125,000 | $ 28,000 |
| Modesto, CA | 4 | $ 1,430,000 | $ 357,500 | $ 101,000 |
| Palm Bay-Melbourne-Titusville, FL | 4 | $ 1,300,000 | $ 325,000 | $ 139,000 |
| Panama City, FL | 4 | $ 840,000 | $ 210,000 | $ 170,000 |
| Santa Rosa, CA | 4 | $ 2,160,000 | $ 540,000 | $ 154,000 |
| Wichita Falls, TX | 4 | $ 660,000 | $ 165,000 | $ 82,000 |
| Yuba City, CA | 4 | $ 1,470,000 | $ 367,500 | $ 159,000 |
| Amarillo, TX | 3 | $ 825,000 | $ 275,000 | $ 98,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 3 | $ 555,000 | $ 185,000 | $ 62,000 |
| Fresno, CA | 3 | $ 685,000 | $ 228,333 | $ 68,000 |
| Lubbock, TX | 3 | $ 915,000 | $ 305,000 | $ 118,000 |
| Merced, CA | 3 | $ 525,000 | $ 175,000 | $ 80,000 |
| Miami-Miami Beach-Kendall, FL | 3 | $ 1,505,000 | $ 501,666 | $ 223,000 |
| Naples-Immokalee-Marco Island, FL | 3 | $ 655,000 | $ 218,333 | $ 125,000 |
| Redding, CA | 3 | $ 865,000 | $ 288,333 | $ 76,000 |
| Salt Lake City, UT | 3 | $ 1,395,000 | $ 465,000 | $ 204,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 3 | $ 1,065,000 | $ 355,000 | $ 135,000 |
| Spokane-Spokane Valley, WA | 3 | $ 1,235,000 | $ 411,666 | $ 125,000 |
| Waco, TX | 3 | $ 1,105,000 | $ 368,333 | $ 131,000 |
| Bellingham, WA | 2 | $ 1,010,000 | $ 505,000 | $ 105,000 |
| Bloomington, IN | 2 | $ 610,000 | $ 305,000 | $ 72,000 |
| Bremerton-Silverdale, WA | 2 | $ 680,000 | $ 340,000 | $ 69,000 |
| Grand Island, NE | 2 | $ 430,000 | $ 215,000 | $ 261,000 |
| Homosassa Springs, FL | 2 | $ 550,000 | $ 275,000 | $ 74,000 |
| Jacksonville, FL | 2 | $ 450,000 | $ 225,000 | $ 134,000 |
| Madera, CA | 2 | $ 780,000 | $ 390,000 | $ 110,000 |
| Medford, OR | 2 | $ 660,000 | $ 330,000 | $ 309,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 380,000 | $ 190,000 | $ 106,000 |
| Pensacola-Ferry Pass-Brent, FL | 2 | $ 530,000 | $ 265,000 | $ 123,000 |
| Port St. Lucie, FL | 2 | $ 1,560,000 | $ 780,000 | $ 227,000 |
| Provo-Orem, UT | 2 | $ 840,000 | $ 420,000 | $ 73,000 |
| Punta Gorda, FL | 2 | $ 470,000 | $ 235,000 | $ 64,000 |
| Santa Maria-Santa Barbara, CA | 2 | $ 1,670,000 | $ 835,000 | $ 404,000 |
| Sebastian-Vero Beach, FL | 2 | $ 350,000 | $ 175,000 | $ 59,000 |
| St. George, UT | 2 | $ 470,000 | $ 235,000 | $ 82,000 |
| Stockton-Lodi, CA | 2 | $ 550,000 | $ 275,000 | $ 66,000 |
| Abilene, TX | 1 | $ 125,000 | $ 125,000 | $ 19,000 |
| Chico, CA | 1 | $ 365,000 | $ 365,000 | $ 120,000 |
| Gainesville, FL | 1 | $ 475,000 | $ 475,000 | $ 226,000 |
| Grants Pass, OR | 1 | $ 345,000 | $ 345,000 | $ 0 |
| Harrisburg-Carlisle, PA | 1 | $ 195,000 | $ 195,000 | $ 63,000 |
| Kennewick-Richland, WA | 1 | $ 375,000 | $ 375,000 | $ 85,000 |
| Lafayette-West Lafayette, IN | 1 | $ 275,000 | $ 275,000 | $ 64,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 295,000 | $ 295,000 | $ 177,000 |
| Lakeland-Winter Haven, FL | 1 | $ 195,000 | $ 195,000 | $ 65,000 |
| Lincoln, NE | 1 | $ 405,000 | $ 405,000 | $ 126,000 |
| Longview, TX | 1 | $ 245,000 | $ 245,000 | $ 104,000 |
| McAllen-Edinburg-Mission, TX | 1 | $ 135,000 | $ 135,000 | $ 300,000 |
| Muncie, IN | 1 | $ 315,000 | $ 315,000 | $ 155,000 |
| Ocala, FL | 1 | $ 125,000 | $ 125,000 | $ 132,000 |
| Odessa, TX | 1 | $ 195,000 | $ 195,000 | $ 125,000 |
| Peoria, IL | 1 | $ 95,000 | $ 95,000 | $ 47,000 |
| Philadelphia, PA | 1 | $ 285,000 | $ 285,000 | $ 315,000 |
| Salem, OR | 1 | $ 85,000 | $ 85,000 | $ 52,000 |
| Santa Cruz-Watsonville, CA | 1 | $ 995,000 | $ 995,000 | $ 225,000 |
| Santa Fe, NM | 1 | $ 395,000 | $ 395,000 | $ 69,000 |
| Sherman-Denison, TX | 1 | $ 135,000 | $ 135,000 | $ 30,000 |
| Tyler, TX | 1 | $ 375,000 | $ 375,000 | $ 142,000 |
| Vallejo-Fairfield, CA | 1 | $ 375,000 | $ 375,000 | $ 93,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 405,000 | $ 405,000 | $ 257,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2021
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 | 14,566 | $4,409,970,000 | $302,000 | $2,905,000 | $103,000 | $6,307,000 |
| Refinancing | 11,757 | $2,979,225,000 | $253,000 | $2,865,000 | $112,000 | $5,119,000 |
| Cash-out Refinancing | 8,409 | $2,156,245,000 | $256,000 | $1,805,000 | $101,000 | $3,025,000 |
| 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 | 20,509 | $6,025,265,000 | $293,000 | $2,885,000 | $116,000 | $5,119,000 |
| Hispanic | 9,700 | $2,170,180,000 | $223,000 | $2,565,000 | $77,000 | $2,880,000 |
| Not Provided | 2,432 | $743,690,000 | $305,000 | $2,475,000 | $118,000 | $6,307,000 |
| Asian | 951 | $279,215,000 | $293,000 | $2,605,000 | $123,000 | $1,503,000 |
| Black or African American | 894 | $258,450,000 | $289,000 | $1,325,000 | $109,000 | $4,887,000 |
| American Indian or Alaskan Native | 171 | $46,475,000 | $271,000 | $2,905,000 | $106,000 | $1,271,000 |
| Native Hawaiian or Other Pacific Islander | 75 | $22,165,000 | $295,000 | $1,055,000 | $103,000 | $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) | 26,581 | $7,369,915,000 | $277,000 | $2,905,000 | $114,000 | $6,307,000 |
| FHA-insured (Federal Housing Administration) | 4,979 | $1,170,625,000 | $235,000 | $725,000 | $66,000 | $1,540,000 |
| VA-guaranteed (Veterans Administration) | 2,933 | $959,925,000 | $327,000 | $2,885,000 | $95,000 | $1,228,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 239 | $44,975,000 | $188,000 | $385,000 | $52,000 | $118,000 |
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 | 24,138 | $6,718,940,000 | $278,000 | $2,705,000 | $106,000 | $2,502,000 |
| Application Withdrawn By Applicant | 4,743 | $1,296,685,000 | $273,000 | $2,885,000 | $107,000 | $3,025,000 |
| File Closed For Incompleteness | 4,442 | $1,174,110,000 | $264,000 | $2,905,000 | $101,000 | $6,307,000 |
| Application Denied By Financial Institution | 1,199 | $294,065,000 | $245,000 | $1,825,000 | $89,000 | $4,887,000 |
| Application Approved But Not Accepted | 210 | $61,640,000 | $293,000 | $2,355,000 | $102,000 | $693,000 |
| 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 | 33,533 | $9,251,375,000 | $275,000 | $2,905,000 | $106,000 | $6,307,000 |
| Credit History | 303 | $68,825,000 | $227,000 | $855,000 | $97,000 | $1,228,000 |
| Debt-To-Income Ratio | 230 | $58,460,000 | $254,000 | $1,355,000 | $68,000 | $454,000 |
| Employment History | 228 | $61,910,000 | $271,000 | $1,825,000 | $84,000 | $828,000 |
| Collateral | 190 | $44,130,000 | $232,000 | $1,605,000 | $87,000 | $775,000 |
| Other | 155 | $37,565,000 | $242,000 | $1,325,000 | $117,000 | $4,887,000 |
| Unverifiable Information | 80 | $20,840,000 | $260,000 | $1,035,000 | $94,000 | $525,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 13 | $2,335,000 | $179,000 | $365,000 | $51,000 | $106,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2021 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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