Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2024
In 2024, Nova Financial & Investment Corporation of Tucson, AZ reported 6,917 mortgage applications totaling $2.2 billion, down 13% from 2023. The average application was for $318,323, and applicants reported an average income of $128,459. 69% of its applications resulted in an originated loan and 5% were denied. Its largest markets were Tucson, AZ (1,872), Phoenix-Mesa-Scottsdale, AZ (1,855) and Yuma, AZ (911) (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 | 6,917 |
| Total Mortgage Loan Application Amount | $2,201,845,000 |
| Average Mortgage Loan Application Amount | $318,323 |
| Highest Mortgage Loan Application Amount | $4,205,000 |
| Average Applicant Income | $128,459 |
| Highest Applicant Income | $4,831,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 | 1,872 | $ 540,670,000 | $ 288,819 | $ 130,000 |
| Phoenix-Mesa-Scottsdale, AZ | 1,855 | $ 590,325,000 | $ 318,234 | $ 118,000 |
| Yuma, AZ | 911 | $ 214,105,000 | $ 235,021 | $ 98,000 |
| Denver-Aurora-Lakewood, CO | 443 | $ 219,665,000 | $ 495,857 | $ 190,000 |
| Outside any metro area | 320 | $ 85,390,000 | $ 266,843 | $ 118,037 |
| Las Vegas-Henderson-Paradise, NV | 290 | $ 99,120,000 | $ 341,793 | $ 124,000 |
| Tacoma-Lakewood, WA | 215 | $ 94,735,000 | $ 440,627 | $ 141,000 |
| Sierra Vista-Douglas, AZ | 149 | $ 29,915,000 | $ 200,771 | $ 88,000 |
| Eugene, OR | 77 | $ 26,055,000 | $ 338,376 | $ 168,000 |
| Portland-Vancouver-Hillsboro, OR-WA | 71 | $ 29,275,000 | $ 412,323 | $ 190,661 |
| Prescott Valley-Prescott, AZ | 71 | $ 23,765,000 | $ 334,718 | $ 138,000 |
| Colorado Springs, CO | 56 | $ 22,440,000 | $ 400,714 | $ 159,000 |
| Seattle-Bellevue-Everett, WA | 50 | $ 20,300,000 | $ 406,000 | $ 118,000 |
| Flagstaff, AZ | 45 | $ 19,635,000 | $ 436,333 | $ 172,000 |
| San Diego-Carlsbad, CA | 44 | $ 29,900,000 | $ 679,545 | $ 290,000 |
| Greeley, CO | 32 | $ 13,160,000 | $ 411,250 | $ 144,000 |
| Lake Havasu City-Kingman, AZ | 30 | $ 7,010,000 | $ 233,666 | $ 83,000 |
| Bremerton-Silverdale, WA | 27 | $ 10,695,000 | $ 396,111 | $ 118,000 |
| Las Cruces, NM | 27 | $ 6,435,000 | $ 238,333 | $ 90,000 |
| Olympia-Tumwater, WA | 24 | $ 8,520,000 | $ 355,000 | $ 121,000 |
| Boulder, CO | 18 | $ 8,640,000 | $ 480,000 | $ 128,000 |
| Ocala, FL | 14 | $ 3,390,000 | $ 242,142 | $ 74,000 |
| Sacramento--Roseville--Arden-Arcade, CA | 14 | $ 6,530,000 | $ 466,428 | $ 148,000 |
| Fort Collins, CO | 13 | $ 5,515,000 | $ 424,230 | $ 164,000 |
| Riverside-San Bernardino-Ontario, CA | 13 | $ 5,745,000 | $ 441,923 | $ 313,000 |
| Pueblo, CO | 11 | $ 2,305,000 | $ 209,545 | $ 61,000 |
| Orlando-Kissimmee-Sanford, FL | 10 | $ 2,720,000 | $ 272,000 | $ 139,000 |
| Albuquerque, NM | 9 | $ 1,615,000 | $ 179,444 | $ 113,000 |
| Dallas-Plano-Irving, TX | 9 | $ 3,735,000 | $ 415,000 | $ 248,000 |
| El Paso, TX | 8 | $ 2,280,000 | $ 285,000 | $ 160,000 |
| Albany, OR | 7 | $ 1,725,000 | $ 246,428 | $ 109,000 |
| Boise City, ID | 7 | $ 3,835,000 | $ 547,857 | $ 288,000 |
| Fort Worth-Arlington, TX | 7 | $ 2,285,000 | $ 326,428 | $ 133,000 |
| Stockton-Lodi, CA | 7 | $ 2,755,000 | $ 393,571 | $ 149,000 |
| Austin-Round Rock, TX | 6 | $ 2,000,000 | $ 333,333 | $ 194,000 |
| El Centro, CA | 6 | $ 1,500,000 | $ 250,000 | $ 99,000 |
| Houston-The Woodlands-Sugar Land, TX | 6 | $ 1,920,000 | $ 320,000 | $ 114,000 |
| Lakeland-Winter Haven, FL | 6 | $ 1,670,000 | $ 278,333 | $ 87,000 |
| Reno, NV | 6 | $ 1,780,000 | $ 296,666 | $ 58,000 |
| Everett, WA | 5 | $ 2,705,000 | $ 541,000 | $ 134,000 |
| Montgomery County-Bucks County-Chester County, PA | 5 | $ 1,425,000 | $ 285,000 | $ 108,000 |
| Philadelphia, PA | 5 | $ 1,885,000 | $ 377,000 | $ 125,000 |
| Crestview-Fort Walton Beach-Destin, FL | 4 | $ 2,400,000 | $ 600,000 | $ 147,000 |
| Longview, WA | 4 | $ 1,570,000 | $ 392,500 | $ 128,000 |
| Los Angeles-Long Beach-Glendale, CA | 4 | $ 1,270,000 | $ 317,500 | $ 135,000 |
| Medford, OR | 4 | $ 1,160,000 | $ 290,000 | $ 65,000 |
| Salem, OR | 4 | $ 860,000 | $ 215,000 | $ 95,000 |
| San Luis Obispo-Paso Robles-Arroyo Grande, CA | 4 | $ 1,930,000 | $ 482,500 | $ 125,000 |
| Anaheim-Santa Ana-Irvine, CA | 3 | $ 2,225,000 | $ 741,666 | $ 423,000 |
| Billings, MT | 3 | $ 1,745,000 | $ 581,666 | $ 144,000 |
| Deltona-Daytona Beach-Ormond Beach, FL | 3 | $ 1,495,000 | $ 498,333 | $ 257,000 |
| Fresno, CA | 3 | $ 615,000 | $ 205,000 | $ 111,000 |
| Panama City, FL | 3 | $ 965,000 | $ 321,666 | $ 106,000 |
| St. George, UT | 3 | $ 1,365,000 | $ 455,000 | $ 168,000 |
| Tampa, FL | 3 | $ 1,125,000 | $ 375,000 | $ 192,000 |
| Yuba City, CA | 3 | $ 525,000 | $ 175,000 | $ 104,000 |
| Bakersfield, CA | 2 | $ 770,000 | $ 385,000 | $ 195,000 |
| Bellingham, WA | 2 | $ 500,000 | $ 250,000 | $ 165,000 |
| Cape Coral-Fort Myers, FL | 2 | $ 450,000 | $ 225,000 | $ 72,000 |
| Fort Lauderdale-Pompano Beach-Deerfield Beach, FL | 2 | $ 840,000 | $ 420,000 | $ 338,000 |
| Grand Junction, CO | 2 | $ 970,000 | $ 485,000 | $ 143,000 |
| Grants Pass, OR | 2 | $ 540,000 | $ 270,000 | $ 123,000 |
| Helena, MT | 2 | $ 820,000 | $ 410,000 | $ 95,000 |
| Huntsville, AL | 2 | $ 500,000 | $ 250,000 | $ 166,000 |
| Jacksonville, FL | 2 | $ 1,000,000 | $ 500,000 | $ 238,000 |
| Longview, TX | 2 | $ 440,000 | $ 220,000 | $ 136,000 |
| Oakland-Hayward-Berkeley, CA | 2 | $ 1,260,000 | $ 630,000 | $ 208,000 |
| Oklahoma City, OK | 2 | $ 420,000 | $ 210,000 | $ 893,000 |
| Punta Gorda, FL | 2 | $ 740,000 | $ 370,000 | $ 165,000 |
| Salt Lake City, UT | 2 | $ 820,000 | $ 410,000 | $ 114,000 |
| San Angelo, TX | 2 | $ 540,000 | $ 270,000 | $ 104,000 |
| San Antonio-New Braunfels, TX | 2 | $ 1,030,000 | $ 515,000 | $ 216,000 |
| St. Petersburg-Clearwater-Largo, FL | 2 | $ 830,000 | $ 415,000 | $ 192,000 |
| Wenatchee, WA | 2 | $ 790,000 | $ 395,000 | $ 52,000 |
| Yakima, WA | 2 | $ 790,000 | $ 395,000 | $ 413,000 |
| Bend-Redmond, OR | 1 | $ 255,000 | $ 255,000 | $ 58,000 |
| Birmingham-Hoover, AL | 1 | $ 355,000 | $ 355,000 | $ 194,000 |
| Charlotte-Concord-Gastonia, NC-SC | 1 | $ 525,000 | $ 525,000 | $ 144,000 |
| Cheyenne, WY | 1 | $ 335,000 | $ 335,000 | $ 156,000 |
| Chicago-Naperville, IL | 1 | $ 55,000 | $ 55,000 | $ 220,000 |
| Elgin, IL | 1 | $ 125,000 | $ 125,000 | $ 35,000 |
| Indianapolis-Carmel-Anderson, IN | 1 | $ 305,000 | $ 305,000 | $ 0 |
| Killeen-Temple, TX | 1 | $ 195,000 | $ 195,000 | $ 54,000 |
| Knoxville, TN | 1 | $ 345,000 | $ 345,000 | $ 300,000 |
| Lake County-Kenosha County, IL-WI | 1 | $ 375,000 | $ 375,000 | $ 185,000 |
| Lincoln, NE | 1 | $ 385,000 | $ 385,000 | $ 108,000 |
| Lubbock, TX | 1 | $ 75,000 | $ 75,000 | $ 97,000 |
| McAllen-Edinburg-Mission, TX | 1 | $ 395,000 | $ 395,000 | $ 225,000 |
| Memphis, TN-MS-AR | 1 | $ 535,000 | $ 535,000 | $ 257,000 |
| Merced, CA | 1 | $ 475,000 | $ 475,000 | $ 79,000 |
| Montgomery, AL | 1 | $ 55,000 | $ 55,000 | $ 20,000 |
| North Port-Sarasota-Bradenton, FL | 1 | $ 445,000 | $ 445,000 | $ 193,000 |
| Odessa, TX | 1 | $ 275,000 | $ 275,000 | $ 68,000 |
| Omaha-Council Bluffs, NE-IA | 1 | $ 275,000 | $ 275,000 | $ 72,000 |
| Oxnard-Thousand Oaks-Ventura, CA | 1 | $ 275,000 | $ 275,000 | $ 70,000 |
| Palm Bay-Melbourne-Titusville, FL | 1 | $ 335,000 | $ 335,000 | $ 116,000 |
| Redding, CA | 1 | $ 165,000 | $ 165,000 | $ 191,000 |
| San Francisco-Redwood City-South San Francisco, CA | 1 | $ 555,000 | $ 555,000 | $ 1,073,000 |
| Santa Maria-Santa Barbara, CA | 1 | $ 685,000 | $ 685,000 | $ 231,000 |
| Sherman-Denison, TX | 1 | $ 205,000 | $ 205,000 | $ 101,000 |
| State College, PA | 1 | $ 235,000 | $ 235,000 | $ 116,000 |
| Texarkana, TX-AR | 1 | $ 105,000 | $ 105,000 | $ 105,000 |
| Waco, TX | 1 | $ 275,000 | $ 275,000 | $ 141,000 |
| West Palm Beach-Boca Raton-Delray Beach, FL | 1 | $ 445,000 | $ 445,000 | $ 200,000 |
| Wildwood-The Villages, FL | 1 | $ 405,000 | $ 405,000 | $ 101,000 |
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2024
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 | 5,110 | $1,735,970,000 | $339,000 | $4,205,000 | $133,000 | $4,831,000 |
| Cash-out Refinancing | 1,124 | $253,070,000 | $225,000 | $2,305,000 | $111,000 | $1,981,000 |
| Refinancing | 646 | $208,840,000 | $323,000 | $2,245,000 | $123,000 | $2,580,000 |
| Other Purpose | 37 | $3,965,000 | $107,000 | $365,000 | $127,000 | $1,800,000 |
| Home Improvement | 0 | $0 | $0 | $0 | $0 | $0 |
| Not Applicable | 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 | 3,317 | $1,161,215,000 | $350,000 | $4,205,000 | $146,000 | $4,831,000 |
| Hispanic | 2,084 | $538,060,000 | $258,000 | $2,305,000 | $96,000 | $1,772,000 |
| Not Provided | 1,051 | $337,975,000 | $321,000 | $1,445,000 | $134,000 | $1,861,000 |
| Asian | 209 | $80,375,000 | $384,000 | $1,785,000 | $174,000 | $1,800,000 |
| Black or African American | 202 | $66,770,000 | $330,000 | $1,095,000 | $115,000 | $683,000 |
| American Indian or Alaskan Native | 44 | $13,780,000 | $313,000 | $705,000 | $104,000 | $291,000 |
| Native Hawaiian or Other Pacific Islander | 10 | $3,670,000 | $367,000 | $745,000 | $126,000 | $350,000 |
| 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) | 4,252 | $1,306,710,000 | $307,000 | $4,205,000 | $148,000 | $4,831,000 |
| FHA-insured (Federal Housing Administration) | 1,986 | $631,340,000 | $317,000 | $955,000 | $94,000 | $1,800,000 |
| VA-guaranteed (Veterans Administration) | 634 | $252,780,000 | $398,000 | $1,115,000 | $106,000 | $632,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 45 | $11,015,000 | $244,000 | $465,000 | $74,000 | $125,000 |
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 | 4,748 | $1,530,890,000 | $322,000 | $2,305,000 | $130,000 | $4,831,000 |
| Application Withdrawn By Applicant | 1,128 | $364,690,000 | $323,000 | $2,285,000 | $124,000 | $1,861,000 |
| File Closed For Incompleteness | 532 | $158,780,000 | $298,000 | $1,995,000 | $129,000 | $1,772,000 |
| Application Denied By Financial Institution | 363 | $97,755,000 | $269,000 | $4,205,000 | $119,000 | $2,580,000 |
| Application Approved But Not Accepted | 146 | $49,730,000 | $340,000 | $1,605,000 | $126,000 | $708,000 |
| 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 | 6,554 | $2,104,090,000 | $321,000 | $2,305,000 | $129,000 | $4,831,000 |
| Credit History | 76 | $18,230,000 | $239,000 | $805,000 | $128,000 | $2,580,000 |
| Collateral | 73 | $20,185,000 | $276,000 | $4,205,000 | $124,000 | $1,800,000 |
| Debt-To-Income Ratio | 68 | $18,060,000 | $265,000 | $935,000 | $92,000 | $252,000 |
| Other | 61 | $16,695,000 | $273,000 | $1,005,000 | $165,000 | $1,800,000 |
| Employment History | 55 | $16,125,000 | $293,000 | $1,305,000 | $92,000 | $426,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 16 | $4,940,000 | $308,000 | $665,000 | $101,000 | $256,000 |
| Unverifiable Information | 14 | $3,520,000 | $251,000 | $545,000 | $112,000 | $240,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2024 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