Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2009
In 2009, Nova Financial & Investment Corporation of Tucson, AZ reported 9,554 mortgage applications totaling $1.7 billion, up 192% from 2008. The average application was for $179,796, and applicants reported an average income of $79,749. 78% of its applications resulted in an originated loan and 4% were denied. Its largest markets were Tucson, AZ (5,420), Phoenix-Mesa-Scottsdale, AZ (1,997) and Yuma, AZ (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 | 9,554 |
| Total Mortgage Loan Application Amount | $1,717,779,000 |
| Average Mortgage Loan Application Amount | $179,796 |
| Highest Mortgage Loan Application Amount | $1,800,000 |
| Average Applicant Income | $79,749 |
| Highest Applicant Income | $1,932,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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.
Mortgage Loan Application Detail Totals for Nova Financial & Investment Corporation in 2009
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 | 5,084 | $800,258,000 | $157,000 | $1,000,000 | $72,000 | $1,932,000 |
| Refinancing | 4,407 | $910,101,000 | $206,000 | $1,800,000 | $89,000 | $1,896,000 |
| Home Improvement | 63 | $7,420,000 | $117,000 | $615,000 | $58,000 | $192,000 |
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 | 6,553 | $1,247,799,000 | $190,000 | $1,500,000 | $84,000 | $1,743,000 |
| Hispanic | 1,702 | $242,030,000 | $142,000 | $850,000 | $48,000 | $924,000 |
| Not Provided | 857 | $152,315,000 | $177,000 | $1,800,000 | $118,000 | $1,932,000 |
| Black or African American | 200 | $30,351,000 | $151,000 | $417,000 | $54,000 | $294,000 |
| Asian | 186 | $36,502,000 | $196,000 | $850,000 | $89,000 | $417,000 |
| Native Hawaiian or Other Pacific Islander | 29 | $5,286,000 | $182,000 | $417,000 | $119,000 | $1,186,000 |
| American Indian or Alaskan Native | 27 | $3,496,000 | $129,000 | $253,000 | $60,000 | $150,000 |
| 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 |
|---|---|---|---|---|---|---|
| FHA-insured (Federal Housing Administration) | 4,468 | $675,341,000 | $151,000 | $573,000 | $49,000 | $1,062,000 |
| Conventional (any loan other than FHA, VA, FSA, or RHS loans) | 4,176 | $875,884,000 | $209,000 | $1,800,000 | $119,000 | $1,932,000 |
| VA-guaranteed (Veterans Administration) | 804 | $151,439,000 | $188,000 | $729,000 | $52,000 | $529,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 106 | $15,115,000 | $142,000 | $301,000 | $48,000 | $102,000 |
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 | 7,490 | $1,354,586,000 | $180,000 | $1,500,000 | $76,000 | $1,743,000 |
| Application Withdrawn By Applicant | 1,422 | $247,968,000 | $174,000 | $1,419,000 | $100,000 | $1,932,000 |
| Application Denied By Financial Institution | 359 | $59,537,000 | $165,000 | $1,400,000 | $69,000 | $704,000 |
| File Closed For Incompleteness | 283 | $55,688,000 | $196,000 | $1,800,000 | $93,000 | $896,000 |
| Application Approved But Not Accepted | 0 | $0 | $0 | $0 | $0 | $0 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 220 | $37,562,000 | $170,000 | $840,000 | $67,000 | $262,000 |
| Credit Application Incomplete | 44 | $8,253,000 | $187,000 | $1,400,000 | $66,000 | $192,000 |
| Collateral | 28 | $4,406,000 | $157,000 | $368,000 | $138,000 | $704,000 |
| Debt-To-Income Ratio | 24 | $3,264,000 | $136,000 | $367,000 | $65,000 | $227,000 |
| Credit History | 19 | $2,875,000 | $151,000 | $337,000 | $42,000 | $96,000 |
| Unverifiable Information | 13 | $1,735,000 | $133,000 | $286,000 | $50,000 | $112,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 6 | $868,000 | $144,000 | $275,000 | $38,000 | $57,000 |
| Employment History | 5 | $574,000 | $114,000 | $154,000 | $32,000 | $42,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2009 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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