Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2022
In 2022, Nova Financial & Investment Corporation of Tucson, AZ reported 14,964 mortgage applications totaling $4.6 billion, down 57% from 2021. The average application was for $307,177, and applicants reported an average income of $90,883. 60% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (4,923), Tucson, AZ (4,674) and Yuma, AZ (1,285) (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 | 14,964 |
| Total Mortgage Loan Application Amount | $4,596,600,000 |
| Average Mortgage Loan Application Amount | $307,177 |
| Highest Mortgage Loan Application Amount | $3,005,000 |
| Average Applicant Income | $90,883 |
| Highest Applicant Income | $2,670,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 4,923 | $ 1,659,245,000 | $ 337,039 | $ 92,000 |
| Tucson, AZ | 4,674 | $ 1,212,920,000 | $ 259,503 | $ 82,000 |
| Yuma, AZ | 1,285 | $ 290,115,000 | $ 225,770 | $ 70,000 |
| Denver-Aurora-Lakewood, CO | 856 | $ 406,880,000 | $ 475,327 | $ 132,000 |
| Sierra Vista-Douglas, AZ | 856 | $ 200,560,000 | $ 234,299 | $ 73,000 |
| Las Vegas-Henderson-Paradise, NV | 656 | $ 224,170,000 | $ 341,722 | $ 90,000 |
| Outside any metro area | 499 | $ 135,155,000 | $ 270,851 | $ 94,535 |
| Flagstaff, AZ | 182 | $ 63,170,000 | $ 347,087 | $ 124,000 |
| Prescott Valley-Prescott, AZ | 177 | $ 58,495,000 | $ 330,480 | $ 109,000 |
| Lake Havasu City-Kingman, AZ | 153 | $ 30,815,000 | $ 201,405 | $ 61,000 |
| San Diego-Carlsbad, CA | 132 | $ 87,500,000 | $ 662,878 | $ 219,000 |
| Greeley, CO | 55 | $ 21,985,000 | $ 399,727 | $ 107,000 |
| Boulder, CO | 46 | $ 22,360,000 | $ 486,086 | $ 123,000 |
| Colorado Springs, CO | 45 | $ 17,035,000 | $ 378,555 | $ 132,000 |
| Riverside-San Bernardino-Ontario, CA | 39 | $ 16,305,000 | $ 418,076 | $ 161,000 |
| Fort Collins, CO | 33 | $ 12,885,000 | $ 390,454 | $ 96,000 |
| Los Angeles-Long Beach-Glendale, CA | 20 | $ 15,240,000 | $ 762,000 | $ 267,000 |
| Tacoma-Lakewood, WA | 19 | $ 7,745,000 | $ 407,631 | $ 106,000 |
| Dallas-Plano-Irving, TX | 18 | $ 7,220,000 | $ 401,111 | $ 121,000 |
| El Paso, TX | 13 | $ 2,905,000 | $ 223,461 | $ 83,000 |
| Houston-The Woodlands-Sugar Land, TX | 13 | $ 4,665,000 | $ 358,846 | $ 236,000 |
| Tampa-St. Petersburg-Clearwater, FL | 13 | $ 4,775,000 | $ 367,307 | $ 102,000 |
| Seattle-Bellevue-Everett, WA | 11 | $ 5,355,000 | $ 486,818 | $ 118,000 |
| El Centro, CA | 9 | $ 2,455,000 | $ 272,777 | $ 144,000 |
| Las Cruces, NM | 9 | $ 2,125,000 | $ 236,111 | $ 93,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 9 | $ 4,415,000 | $ 490,555 | $ 127,777 |
| Albuquerque, NM | 8 | $ 1,850,000 | $ 231,250 | $ 92,000 |
| Ocala, FL | 8 | $ 1,640,000 | $ 205,000 | $ 72,000 |
| Reno, NV | 8 | $ 2,740,000 | $ 342,500 | $ 91,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 7 | $ 3,205,000 | $ 457,857 | $ 167,000 |
| Indianapolis-Carmel-Anderson, IN | 6 | $ 960,000 | $ 160,000 | $ 375,000 |
| Palm Bay-Melbourne-Titusville, FL | 6 | $ 1,580,000 | $ 263,333 | $ 105,000 |
| Pueblo, CO | 6 | $ 1,850,000 | $ 308,333 | $ 103,000 |
| San Antonio-New Braunfels, TX | 6 | $ 1,580,000 | $ 263,333 | $ 90,000 |
| Anaheim-Santa Ana-Irvine, CA | 5 | $ 3,725,000 | $ 745,000 | $ 192,000 |
| Austin-Round Rock, TX | 5 | $ 1,655,000 | $ 331,000 | $ 132,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 5 | $ 3,115,000 | $ 623,000 | $ 144,000 |
| Spokane-Spokane Valley, WA | 5 | $ 1,585,000 | $ 317,000 | $ 126,000 |
| The Villages, FL | 5 | $ 1,235,000 | $ 247,000 | $ 48,000 |
| Amarillo, TX | 4 | $ 660,000 | $ 165,000 | $ 70,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 4 | $ 1,250,000 | $ 312,500 | $ 82,000 |
| Grand Junction, CO | 4 | $ 1,950,000 | $ 487,500 | $ 170,000 |
| Oakland-Hayward-Berkeley, CA | 4 | $ 3,310,000 | $ 827,500 | $ 157,000 |
| Redding, CA | 4 | $ 740,000 | $ 185,000 | $ 60,000 |
| Bakersfield, CA | 3 | $ 815,000 | $ 271,666 | $ 93,000 |
| Bloomington, IN | 3 | $ 955,000 | $ 318,333 | $ 73,000 |
| Bremerton-Silverdale, WA | 3 | $ 1,135,000 | $ 378,333 | $ 96,000 |
| Crestview-Fort Walton Beach-Destin, FL | 3 | $ 1,585,000 | $ 528,333 | $ 150,000 |
| Fort Worth-Arlington, TX | 3 | $ 645,000 | $ 215,000 | $ 86,000 |
| Jacksonville, FL | 3 | $ 1,095,000 | $ 365,000 | $ 126,000 |
| Killeen-Temple, TX | 3 | $ 665,000 | $ 221,666 | $ 90,000 |
| Orlando-Kissimmee-Sanford, FL | 3 | $ 675,000 | $ 225,000 | $ 43,000 |
| Pensacola-Ferry Pass-Brent, FL | 3 | $ 915,000 | $ 305,000 | $ 76,000 |
| Chicago-Naperville, IL | 2 | $ 700,000 | $ 350,000 | $ 195,000 |
| Corpus Christi, TX | 2 | $ 580,000 | $ 290,000 | $ 125,000 |
| Fresno, CA | 2 | $ 550,000 | $ 275,000 | $ 40,000 |
| Gainesville, FL | 2 | $ 930,000 | $ 465,000 | $ 135,000 |
| Homosassa Springs, FL | 2 | $ 600,000 | $ 300,000 | $ 75,000 |
| Kennewick-Richland, WA | 2 | $ 550,000 | $ 275,000 | $ 70,000 |
| Lake County-Kenosha County, IL-WI | 2 | $ 400,000 | $ 200,000 | $ 50,000 |
| Lakeland-Winter Haven, FL | 2 | $ 310,000 | $ 155,000 | $ 50,000 |
| Miami-Miami Beach-Kendall, FL | 2 | $ 780,000 | $ 390,000 | $ 85,000 |
| North Port-Sarasota-Bradenton, FL | 2 | $ 1,190,000 | $ 595,000 | $ 100,000 |
| Ogden-Clearfield, UT | 2 | $ 1,160,000 | $ 580,000 | $ 95,000 |
| Olympia-Tumwater, WA | 2 | $ 790,000 | $ 395,000 | $ 125,000 |
| Provo-Orem, UT | 2 | $ 800,000 | $ 400,000 | $ 210,000 |
| Salinas, CA | 2 | $ 820,000 | $ 410,000 | $ 90,000 |
| San Jose-Sunnyvale-Santa Clara, CA | 2 | $ 2,700,000 | $ 1,350,000 | $ 260,000 |
| Santa Maria-Santa Barbara, CA | 2 | $ 1,890,000 | $ 945,000 | $ 250,000 |
| Santa Rosa, CA | 2 | $ 1,190,000 | $ 595,000 | $ 115,000 |
| Sebastian-Vero Beach, FL | 2 | $ 1,010,000 | $ 505,000 | $ 205,000 |
| Stockton-Lodi, CA | 2 | $ 760,000 | $ 380,000 | $ 130,000 |
| Visalia-Porterville, CA | 2 | $ 460,000 | $ 230,000 | $ 65,000 |
| Waco, TX | 2 | $ 610,000 | $ 305,000 | $ 80,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 2 | $ 790,000 | $ 395,000 | $ 100,000 |
| Albany, OR | 1 | $ 355,000 | $ 355,000 | $ 90,000 |
| Allentown-Bethlehem-Easton, PA-NJ | 1 | $ 305,000 | $ 305,000 | $ 60,000 |
| Beaumont-Port Arthur, TX | 1 | $ 255,000 | $ 255,000 | $ 60,000 |
| Bellingham, WA | 1 | $ 575,000 | $ 575,000 | $ 190,000 |
| Brownsville-Harlingen, TX | 1 | $ 355,000 | $ 355,000 | $ 100,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 205,000 | $ 205,000 | $ 40,000 |
| College Station-Bryan, TX | 1 | $ 535,000 | $ 535,000 | $ 50,000 |
| Fort Wayne, IN | 1 | $ 225,000 | $ 225,000 | $ 70,000 |
| Grants Pass, OR | 1 | $ 375,000 | $ 375,000 | $ 70,000 |
| Huntington-Ashland, WV-KY-OH | 1 | $ 125,000 | $ 125,000 | $ 140,000 |
| Kankakee, IL | 1 | $ 55,000 | $ 55,000 | $ 40,000 |
| Lincoln, NE | 1 | $ 215,000 | $ 215,000 | $ 220,000 |
| Louisville/Jefferson County, KY-IN | 1 | $ 175,000 | $ 175,000 | $ 30,000 |
| Lubbock, TX | 1 | $ 275,000 | $ 275,000 | $ 70,000 |
| Madera, CA | 1 | $ 515,000 | $ 515,000 | $ 160,000 |
| McAllen-Edinburg-Mission, TX | 1 | $ 115,000 | $ 115,000 | $ 100,000 |
| Midland, TX | 1 | $ 315,000 | $ 315,000 | $ 100,000 |
| Mount Vernon-Anacortes, WA | 1 | $ 465,000 | $ 465,000 | $ 100,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 1,505,000 | $ 1,505,000 | $ 730,000 |
| Pittsburgh, PA | 1 | $ 105,000 | $ 105,000 | $ 30,000 |
| San Francisco-Redwood City-South San Francisco, CA | 1 | $ 975,000 | $ 975,000 | $ 280,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 1 | $ 555,000 | $ 555,000 | $ 90,000 |
| St. Louis, MO-IL | 1 | $ 155,000 | $ 155,000 | $ 50,000 |
| Tallahassee, FL | 1 | $ 365,000 | $ 365,000 | $ 110,000 |
| Vallejo-Fairfield, CA | 1 | $ 465,000 | $ 465,000 | $ 110,000 |
| Wichita Falls, TX | 1 | $ 65,000 | $ 65,000 | $ 90,000 |
| Yakima, WA | 1 | $ 145,000 | $ 145,000 | $ 60,000 |
| Yuba City, CA | 1 | $ 265,000 | $ 265,000 | $ 40,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2022
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 | 9,502 | $3,169,280,000 | $333,000 | $3,005,000 | $95,000 | $2,160,000 |
| Cash-out Refinancing | 4,010 | $1,072,290,000 | $267,000 | $1,705,000 | $80,000 | $1,710,000 |
| Refinancing | 1,452 | $355,030,000 | $244,000 | $2,385,000 | $94,000 | $2,670,000 |
| 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 | 7,677 | $2,545,205,000 | $331,000 | $3,005,000 | $102,000 | $2,670,000 |
| Hispanic | 4,912 | $1,260,230,000 | $256,000 | $1,765,000 | $70,000 | $2,100,000 |
| Not Provided | 1,400 | $458,500,000 | $327,000 | $2,055,000 | $98,000 | $1,990,000 |
| Black or African American | 460 | $146,060,000 | $317,000 | $1,055,000 | $84,000 | $1,120,000 |
| Asian | 335 | $128,265,000 | $382,000 | $1,885,000 | $132,000 | $1,830,000 |
| American Indian or Alaskan Native | 91 | $26,645,000 | $292,000 | $665,000 | $71,000 | $150,000 |
| Native Hawaiian or Other Pacific Islander | 25 | $7,975,000 | $319,000 | $1,285,000 | $74,000 | $260,000 |
| 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) | 10,170 | $3,170,350,000 | $311,000 | $2,385,000 | $93,000 | $2,670,000 |
| FHA-insured (Federal Housing Administration) | 3,244 | $982,070,000 | $302,000 | $3,005,000 | $86,000 | $2,100,000 |
| VA-guaranteed (Veterans Administration) | 1,451 | $416,235,000 | $286,000 | $1,555,000 | $86,000 | $1,210,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 99 | $27,945,000 | $282,000 | $1,765,000 | $70,000 | $330,000 |
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 | 9,037 | $2,812,905,000 | $311,000 | $2,255,000 | $92,000 | $2,670,000 |
| File Closed For Incompleteness | 2,690 | $793,220,000 | $294,000 | $2,325,000 | $82,000 | $2,100,000 |
| Application Withdrawn By Applicant | 2,160 | $676,930,000 | $313,000 | $3,005,000 | $98,000 | $2,160,000 |
| Application Denied By Financial Institution | 711 | $192,375,000 | $270,000 | $1,705,000 | $81,000 | $2,530,000 |
| Application Approved But Not Accepted | 366 | $121,170,000 | $331,000 | $2,385,000 | $97,000 | $1,290,000 |
| 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 | 14,253 | $4,404,225,000 | $309,000 | $3,005,000 | $91,000 | $2,670,000 |
| Credit History | 167 | $40,845,000 | $244,000 | $1,005,000 | $77,000 | $810,000 |
| Collateral | 152 | $37,250,000 | $245,000 | $905,000 | $86,000 | $1,840,000 |
| Employment History | 146 | $41,110,000 | $281,000 | $1,705,000 | $57,000 | $280,000 |
| Other | 97 | $30,315,000 | $312,000 | $1,085,000 | $126,000 | $2,530,000 |
| Debt-To-Income Ratio | 71 | $20,695,000 | $291,000 | $1,525,000 | $65,000 | $890,000 |
| Unverifiable Information | 54 | $15,210,000 | $281,000 | $1,285,000 | $82,000 | $490,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 24 | $6,950,000 | $289,000 | $825,000 | $85,000 | $320,000 |
| 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 2022 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