Nova Financial & Investment Corporation Mortgage Lending & HMDA Data, 2015
In 2015, Nova Financial & Investment Corporation of Tucson, AZ reported 19,116 mortgage applications totaling $4.0 billion, up 30% from 2014. The average application was for $207,066, and applicants reported an average income of $81,959. 71% of its applications resulted in an originated loan and 3% were denied. Its largest markets were Phoenix-Mesa-Scottsdale, AZ (6,538), Tucson, AZ (5,745) and Denver-Aurora-Lakewood, CO (3,334) (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 | 19,116 |
| Total Mortgage Loan Application Amount | $3,958,277,000 |
| Average Mortgage Loan Application Amount | $207,066 |
| Highest Mortgage Loan Application Amount | $1,924,000 |
| Average Applicant Income | $81,959 |
| Highest Applicant Income | $2,907,000 |
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Nova Financial & Investment Corporation filed with the FFIEC and count every application it reported (approved, denied, withdrawn or purchased), not just closed loans.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 2015
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 | 12,287 | $2,520,849,000 | $205,000 | $1,924,000 | $83,000 | $2,688,000 |
| Refinancing | 6,630 | $1,397,227,000 | $210,000 | $1,830,000 | $80,000 | $2,907,000 |
| Home Improvement | 199 | $40,201,000 | $202,000 | $963,000 | $83,000 | $663,000 |
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 | 13,712 | $3,012,350,000 | $219,000 | $1,924,000 | $89,000 | $2,688,000 |
| Hispanic | 3,901 | $624,299,000 | $160,000 | $1,350,000 | $58,000 | $786,000 |
| Not Provided | 491 | $109,850,000 | $223,000 | $1,750,000 | $98,000 | $2,907,000 |
| Black or African American | 449 | $90,867,000 | $202,000 | $522,000 | $69,000 | $372,000 |
| Asian | 431 | $94,478,000 | $219,000 | $1,750,000 | $88,000 | $1,358,000 |
| Native Hawaiian or Other Pacific Islander | 84 | $17,138,000 | $204,000 | $800,000 | $95,000 | $441,000 |
| American Indian or Alaskan Native | 48 | $9,295,000 | $193,000 | $583,000 | $61,000 | $179,000 |
| 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) | 9,692 | $2,166,410,000 | $223,000 | $1,924,000 | $105,000 | $2,907,000 |
| FHA-insured (Federal Housing Administration) | 7,046 | $1,249,673,000 | $177,000 | $635,000 | $55,000 | $1,920,000 |
| VA-guaranteed (Veterans Administration) | 2,080 | $499,240,000 | $240,000 | $1,093,000 | $73,000 | $443,000 |
| FSA/RHS (Farm Service Agency or Rural Housing Service) | 298 | $42,954,000 | $144,000 | $385,000 | $49,000 | $112,000 |
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 | 13,642 | $2,816,955,000 | $206,000 | $1,348,000 | $81,000 | $2,688,000 |
| Application Withdrawn By Applicant | 3,766 | $795,193,000 | $211,000 | $1,924,000 | $87,000 | $2,907,000 |
| File Closed For Incompleteness | 1,145 | $243,166,000 | $212,000 | $1,155,000 | $82,000 | $966,000 |
| Application Denied By Financial Institution | 561 | $102,651,000 | $182,000 | $918,000 | $71,000 | $1,920,000 |
| Application Approved But Not Accepted | 2 | $312,000 | $156,000 | $176,000 | $77,000 | $88,000 |
| 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 |
|---|---|---|---|---|---|---|
| Other | 200 | $35,384,000 | $176,000 | $900,000 | $68,000 | $360,000 |
| Employment History | 108 | $21,258,000 | $196,000 | $918,000 | $57,000 | $275,000 |
| Credit History | 107 | $19,911,000 | $186,000 | $900,000 | $90,000 | $1,920,000 |
| Collateral | 75 | $13,594,000 | $181,000 | $788,000 | $84,000 | $439,000 |
| Debt-To-Income Ratio | 46 | $7,901,000 | $171,000 | $350,000 | $63,000 | $334,000 |
| Unverifiable Information | 21 | $3,972,000 | $189,000 | $380,000 | $52,000 | $140,000 |
| Credit Application Incomplete | 3 | $510,000 | $170,000 | $204,000 | $48,000 | $62,000 |
| Insufficient Cash (Downpayment, Closing Cost) | 1 | $121,000 | $121,000 | $121,000 | $98,000 | $98,000 |
| Mortgage Insurance Denied | 0 | $0 | $0 | $0 | $0 | $0 |
Our comprehensive HMDA mortgage statistics provide invaluable insights into Nova Financial & Investment Corporation's 2015 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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