Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2023
In 2023, Nova Financial & Investment Corporation of Tucson, AZ reported 7,970 mortgage applications totaling $2.5 billion, down 47% from 2022. The average application was for $316,327, and applicants reported an average income of $122,157. 61% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (2,306), Tucson, AZ (1,984) and Yuma, AZ (720) (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 | 7,970 |
| Total Mortgage Loan Application Amount | $2,521,130,000 |
| Average Mortgage Loan Application Amount | $316,327 |
| Highest Mortgage Loan Application Amount | $3,365,000 |
| Average Applicant Income | $122,157 |
| Highest Applicant Income | $3,245,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 2,306 | $ 751,810,000 | $ 326,023 | $ 117,000 |
| Tucson, AZ | 1,984 | $ 553,990,000 | $ 279,228 | $ 117,000 |
| Outside any metro area | 939 | $ 287,125,000 | $ 305,777 | $ 112,489 |
| Yuma, AZ | 720 | $ 161,150,000 | $ 223,819 | $ 94,000 |
| Denver-Aurora-Lakewood, CO | 412 | $ 197,440,000 | $ 479,223 | $ 184,000 |
| Las Vegas-Henderson-Paradise, NV | 364 | $ 122,770,000 | $ 337,280 | $ 135,000 |
| Sierra Vista-Douglas, AZ | 216 | $ 46,930,000 | $ 217,268 | $ 83,000 |
| Tacoma-Lakewood, WA | 178 | $ 72,570,000 | $ 407,696 | $ 134,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 98 | $ 45,960,000 | $ 468,979 | $ 161,428 |
| Prescott Valley-Prescott, AZ | 93 | $ 33,765,000 | $ 363,064 | $ 140,000 |
| Flagstaff, AZ | 63 | $ 24,485,000 | $ 388,650 | $ 179,000 |
| Lake Havasu City-Kingman, AZ | 58 | $ 12,320,000 | $ 212,413 | $ 94,000 |
| Eugene, OR | 56 | $ 15,360,000 | $ 274,285 | $ 107,000 |
| Seattle-Bellevue-Everett, WA | 56 | $ 23,670,000 | $ 422,678 | $ 140,000 |
| San Diego-Carlsbad, CA | 41 | $ 29,885,000 | $ 728,902 | $ 280,000 |
| Greeley, CO | 37 | $ 13,795,000 | $ 372,837 | $ 131,000 |
| Bremerton-Silverdale, WA | 31 | $ 12,805,000 | $ 413,064 | $ 123,000 |
| Colorado Springs, CO | 29 | $ 10,425,000 | $ 359,482 | $ 133,000 |
| Boulder, CO | 21 | $ 11,675,000 | $ 555,952 | $ 225,000 |
| El Paso, TX | 20 | $ 4,860,000 | $ 243,000 | $ 88,000 |
| Fort Collins, CO | 19 | $ 7,095,000 | $ 373,421 | $ 155,000 |
| Riverside-San Bernardino-Ontario, CA | 19 | $ 7,595,000 | $ 399,736 | $ 203,000 |
| Salem, OR | 16 | $ 6,140,000 | $ 383,750 | $ 167,000 |
| Olympia-Tumwater, WA | 13 | $ 5,105,000 | $ 392,692 | $ 146,000 |
| Los Angeles-Long Beach-Glendale, CA | 10 | $ 6,710,000 | $ 671,000 | $ 289,000 |
| Houston-The Woodlands-Sugar Land, TX | 9 | $ 2,055,000 | $ 228,333 | $ 133,000 |
| Albany, OR | 8 | $ 2,930,000 | $ 366,250 | $ 119,000 |
| Reno, NV | 7 | $ 1,565,000 | $ 223,571 | $ 74,000 |
| Tampa-St. Petersburg-Clearwater, FL | 7 | $ 2,565,000 | $ 366,428 | $ 128,000 |
| Bend-Redmond, OR | 6 | $ 2,330,000 | $ 388,333 | $ 242,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 6 | $ 2,790,000 | $ 465,000 | $ 181,000 |
| El Centro, CA | 5 | $ 1,425,000 | $ 285,000 | $ 82,000 |
| Fort Worth-Arlington, TX | 5 | $ 1,115,000 | $ 223,000 | $ 106,000 |
| Medford, OR | 5 | $ 1,815,000 | $ 363,000 | $ 123,000 |
| Panama City, FL | 5 | $ 1,915,000 | $ 383,000 | $ 249,000 |
| San Antonio-New Braunfels, TX | 5 | $ 2,155,000 | $ 431,000 | $ 260,000 |
| St. George, UT | 5 | $ 1,155,000 | $ 231,000 | $ 72,000 |
| Albuquerque, NM | 4 | $ 1,120,000 | $ 280,000 | $ 88,000 |
| Grants Pass, OR | 4 | $ 860,000 | $ 215,000 | $ 109,000 |
| Pensacola-Ferry Pass-Brent, FL | 4 | $ 1,180,000 | $ 295,000 | $ 128,000 |
| Philadelphia, PA | 4 | $ 610,000 | $ 152,500 | $ 253,000 |
| Santa Rosa, CA | 4 | $ 1,500,000 | $ 375,000 | $ 178,000 |
| College Station-Bryan, TX | 3 | $ 505,000 | $ 168,333 | $ 125,000 |
| Dallas-Plano-Irving, TX | 3 | $ 755,000 | $ 251,666 | $ 126,000 |
| Oakland-Hayward-Berkeley, CA | 3 | $ 1,425,000 | $ 475,000 | $ 173,000 |
| Ocala, FL | 3 | $ 515,000 | $ 171,666 | $ 338,000 |
| Anaheim-Santa Ana-Irvine, CA | 2 | $ 1,720,000 | $ 860,000 | $ 251,000 |
| Austin-Round Rock, TX | 2 | $ 550,000 | $ 275,000 | $ 99,000 |
| Bloomington, IN | 2 | $ 340,000 | $ 170,000 | $ 116,000 |
| Farmington, NM | 2 | $ 590,000 | $ 295,000 | $ 108,000 |
| Fresno, CA | 2 | $ 460,000 | $ 230,000 | $ 126,000 |
| Indianapolis-Carmel-Anderson, IN | 2 | $ 950,000 | $ 475,000 | $ 199,000 |
| Jacksonville, FL | 2 | $ 390,000 | $ 195,000 | $ 118,000 |
| Louisville/Jefferson County, KY-IN | 2 | $ 610,000 | $ 305,000 | $ 84,000 |
| Mount Vernon-Anacortes, WA | 2 | $ 1,010,000 | $ 505,000 | $ 118,000 |
| Naples-Immokalee-Marco Island, FL | 2 | $ 1,180,000 | $ 590,000 | $ 368,000 |
| Ogden-Clearfield, UT | 2 | $ 590,000 | $ 295,000 | $ 104,000 |
| Orlando-Kissimmee-Sanford, FL | 2 | $ 780,000 | $ 390,000 | $ 102,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 2 | $ 330,000 | $ 165,000 | $ 93,000 |
| Port St. Lucie, FL | 2 | $ 1,150,000 | $ 575,000 | $ 215,000 |
| Pueblo, CO | 2 | $ 420,000 | $ 210,000 | $ 68,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 2 | $ 1,140,000 | $ 570,000 | $ 166,000 |
| Waco, TX | 2 | $ 1,360,000 | $ 680,000 | $ 460,000 |
| Abilene, TX | 1 | $ 275,000 | $ 275,000 | $ 59,000 |
| Amarillo, TX | 1 | $ 125,000 | $ 125,000 | $ 55,000 |
| Bellingham, WA | 1 | $ 265,000 | $ 265,000 | $ 111,000 |
| Brownsville-Harlingen, TX | 1 | $ 195,000 | $ 195,000 | $ 76,000 |
| Cape Coral-Fort Myers, FL | 1 | $ 335,000 | $ 335,000 | $ 70,000 |
| Chattanooga, TN-GA | 1 | $ 335,000 | $ 335,000 | $ 171,000 |
| Chicago-Naperville, IL | 1 | $ 295,000 | $ 295,000 | $ 136,000 |
| Cincinnati, OH-KY-IN | 1 | $ 315,000 | $ 315,000 | $ 189,000 |
| Crestview-Fort Walton Beach-Destin, FL | 1 | $ 325,000 | $ 325,000 | $ 120,000 |
| Daphne-Fairhope-Foley, AL | 1 | $ 75,000 | $ 75,000 | $ 55,000 |
| Elgin, IL | 1 | $ 375,000 | $ 375,000 | $ 230,000 |
| Elizabethtown-Fort Knox, KY | 1 | $ 295,000 | $ 295,000 | $ 99,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 1 | $ 155,000 | $ 155,000 | $ 76,000 |
| Gainesville, FL | 1 | $ 265,000 | $ 265,000 | $ 130,000 |
| Homosassa Springs, FL | 1 | $ 275,000 | $ 275,000 | $ 145,000 |
| Huntsville, AL | 1 | $ 425,000 | $ 425,000 | $ 154,000 |
| Kennewick-Richland, WA | 1 | $ 305,000 | $ 305,000 | $ 344,000 |
| Las Cruces, NM | 1 | $ 325,000 | $ 325,000 | $ 150,000 |
| Logan, UT-ID | 1 | $ 395,000 | $ 395,000 | $ 511,000 |
| Modesto, CA | 1 | $ 475,000 | $ 475,000 | $ 123,000 |
| Montgomery County-Bucks County-Chester County, PA | 1 | $ 435,000 | $ 435,000 | $ 374,000 |
| Pocatello, ID | 1 | $ 505,000 | $ 505,000 | $ 139,000 |
| Redding, CA | 1 | $ 95,000 | $ 95,000 | $ 34,000 |
| Rockford, IL | 1 | $ 435,000 | $ 435,000 | $ 161,000 |
| Salinas, CA | 1 | $ 615,000 | $ 615,000 | $ 123,000 |
| Sherman-Denison, TX | 1 | $ 395,000 | $ 395,000 | $ 181,000 |
| Spokane-Spokane Valley, WA | 1 | $ 165,000 | $ 165,000 | $ 94,000 |
| Tyler, TX | 1 | $ 55,000 | $ 55,000 | $ 41,000 |
| Vallejo-Fairfield, CA | 1 | $ 455,000 | $ 455,000 | $ 162,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 275,000 | $ 275,000 | $ 177,000 |
| York-Hanover, PA | 1 | $ 235,000 | $ 235,000 | $ 73,000 |
| Yuba City, CA | 1 | $ 345,000 | $ 345,000 | $ 66,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2023
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 | 6,563 | $2,189,425,000 | $333,000 | $3,365,000 | $126,000 | $3,245,000 |
| Cash-out Refinancing | 1,109 | $251,285,000 | $226,000 | $1,105,000 | $100,000 | $1,055,000 |
| Refinancing | 298 | $80,420,000 | $269,000 | $1,945,000 | $120,000 | $2,527,000 |
| 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 | 3,868 | $1,331,450,000 | $344,000 | $3,365,000 | $138,000 | $3,245,000 |
| Hispanic | 2,653 | $715,105,000 | $269,000 | $1,745,000 | $97,000 | $2,054,000 |
| Not Provided | 869 | $274,285,000 | $315,000 | $1,945,000 | $119,000 | $1,548,000 |
| Black or African American | 306 | $99,300,000 | $324,000 | $1,905,000 | $126,000 | $2,119,000 |
| Asian | 175 | $64,125,000 | $366,000 | $1,005,000 | $142,000 | $678,000 |
| American Indian or Alaskan Native | 52 | $16,920,000 | $325,000 | $715,000 | $116,000 | $359,000 |
| Native Hawaiian or Other Pacific Islander | 10 | $4,050,000 | $405,000 | $1,005,000 | $162,000 | $256,000 |
| 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) | 4,497 | $1,400,775,000 | $311,000 | $3,365,000 | $144,000 | $3,245,000 |
| FHA-insured (Federal Housing Administration) | 2,647 | $808,905,000 | $305,000 | $855,000 | $89,000 | $864,000 |
| VA-guaranteed (Veterans Administration) | 787 | $301,895,000 | $383,000 | $1,785,000 | $109,000 | $778,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 39 | $9,555,000 | $245,000 | $415,000 | $80,000 | $130,000 |
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 | 4,880 | $1,573,010,000 | $322,000 | $3,365,000 | $123,000 | $3,245,000 |
| Application Withdrawn By Applicant | 1,347 | $420,775,000 | $312,000 | $2,065,000 | $126,000 | $2,527,000 |
| File Closed For Incompleteness | 1,162 | $359,300,000 | $309,000 | $2,835,000 | $112,000 | $2,580,000 |
| Application Denied By Financial Institution | 404 | $113,730,000 | $281,000 | $1,705,000 | $116,000 | $3,185,000 |
| Application Approved But Not Accepted | 177 | $54,315,000 | $306,000 | $1,415,000 | $123,000 | $913,000 |
| 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 | 7,566 | $2,407,400,000 | $318,000 | $3,365,000 | $122,000 | $3,245,000 |
| Credit History | 89 | $23,375,000 | $262,000 | $795,000 | $103,000 | $864,000 |
| Employment History | 85 | $27,915,000 | $328,000 | $1,705,000 | $94,000 | $438,000 |
| Collateral | 82 | $18,690,000 | $227,000 | $745,000 | $126,000 | $1,548,000 |
| Other | 60 | $18,280,000 | $304,000 | $795,000 | $190,000 | $3,185,000 |
| Debt-To-Income Ratio | 45 | $13,155,000 | $292,000 | $745,000 | $89,000 | $300,000 |
| Unverifiable Information | 26 | $7,300,000 | $280,000 | $515,000 | $99,000 | $190,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 17 | $5,015,000 | $295,000 | $725,000 | $92,000 | $199,000 |
| 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 2023 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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