Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2011
In 2011, Nova Financial & Investment Corporation of Tucson, AZ reported 9,101 mortgage applications totaling $1.5 billion, down 14% from 2010. The average application was for $165,246, and applicants reported an average income of $82,530. 77% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Tucson, AZ (4,171), Phoenix-Mesa-Glendale, AZ (2,781) and Denver-Aurora-Broomfield, CO (647) (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 | 9,101 |
| Total Mortgage Loan Application Amount | $1,503,907,000 |
| Average Mortgage Loan Application Amount | $165,246 |
| Highest Mortgage Loan Application Amount | $3,000,000 |
| Average Applicant Income | $82,530 |
| Highest Applicant Income | $6,325,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2011
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 | 7,292 | $1,134,462,000 | $155,000 | $3,000,000 | $77,000 | $1,792,000 |
| Refinancing | 1,794 | $366,673,000 | $204,000 | $1,600,000 | $105,000 | $6,325,000 |
| Home Improvement | 15 | $2,772,000 | $184,000 | $417,000 | $84,000 | $240,000 |
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 | 6,510 | $1,142,969,000 | $175,000 | $2,000,000 | $89,000 | $1,792,000 |
| Hispanic | 1,528 | $191,815,000 | $125,000 | $3,000,000 | $54,000 | $956,000 |
| Not Provided | 543 | $89,551,000 | $164,000 | $737,000 | $98,000 | $6,325,000 |
| Asian | 242 | $38,334,000 | $158,000 | $417,000 | $90,000 | $1,660,000 |
| Black or African American | 198 | $29,741,000 | $150,000 | $417,000 | $64,000 | $365,000 |
| Native Hawaiian or Other Pacific Islander | 43 | $6,219,000 | $144,000 | $407,000 | $61,000 | $160,000 |
| American Indian or Alaskan Native | 37 | $5,278,000 | $142,000 | $335,000 | $55,000 | $169,000 |
| 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) | 4,651 | $845,322,000 | $181,000 | $3,000,000 | $109,000 | $6,325,000 |
| FHA-insured (Federal Housing Administration) | 3,283 | $452,648,000 | $137,000 | $737,000 | $55,000 | $1,792,000 |
| VA-guaranteed (Veterans Administration) | 895 | $171,744,000 | $191,000 | $852,000 | $61,000 | $443,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 272 | $34,193,000 | $125,000 | $305,000 | $42,000 | $104,000 |
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 | 7,046 | $1,139,903,000 | $161,000 | $1,600,000 | $82,000 | $6,325,000 |
| Application Withdrawn By Applicant | 1,159 | $208,245,000 | $179,000 | $1,481,000 | $90,000 | $1,660,000 |
| File Closed For Incompleteness | 640 | $116,377,000 | $181,000 | $3,000,000 | $88,000 | $960,000 |
| Application Denied By Financial Institution | 229 | $34,932,000 | $152,000 | $852,000 | $64,000 | $315,000 |
| Application Approved But Not Accepted | 27 | $4,450,000 | $164,000 | $349,000 | $79,000 | $172,000 |
| 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 |
|---|---|---|---|---|---|---|
| Credit History | 77 | $11,290,000 | $146,000 | $349,000 | $62,000 | $178,000 |
| Collateral | 39 | $6,100,000 | $156,000 | $417,000 | $78,000 | $315,000 |
| Other | 38 | $6,402,000 | $168,000 | $852,000 | $59,000 | $147,000 |
| Debt-To-Income Ratio | 31 | $5,575,000 | $179,000 | $699,000 | $68,000 | $183,000 |
| Employment History | 28 | $3,099,000 | $110,000 | $235,000 | $53,000 | $234,000 |
| Unverifiable Information | 15 | $2,343,000 | $156,000 | $361,000 | $68,000 | $192,000 |
| Mortgage Insurance Denied | 1 | $123,000 | $123,000 | $123,000 | $57,000 | $57,000 |
| Credit Application Incomplete | 0 | $0 | $0 | $0 | $0 | $0 |
| Insufficient Cash (Downpayment, Closing Cost) | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2011 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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