Nova Financial & Investment Corporation Mortgage Rates, Fees & Info
TUCSON, AZLEI: 549300HIVO8XPBPNVG69
Tax ID: 86-0415227
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Mortgage Data
Review & Overview
Nova Financial & Investment Corporation is a small mortgage company specializing in Home Purchase loans. Nova Financial & Investment Corporation has a high proportion of conventional loans. They have a a high proportion of FHA loans. They have a low ratio of USDA loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) Their top markets by origination volume include: Phoenix, Tucson, Denver, Yuma, and Las Vegas among others. We have data for 103 markets. (Some data included below & more in-depth data is available with an active subscription.)Nova Financial & Investment Corporation has an above average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Nova Financial & Investment Corporation is typically an average fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have relatively high rates.
We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.
Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.
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SimulatedRates™Mortgage Type |
Simulated Rate | Simulation Date |
|---|---|---|
| 30 Year Conventional Purchase | 6.82% | 11/17/24 |
| 30 Year Conventional Refi | 6.45% | 11/17/24 |
| 30 Year Cash-out Refi | 6.74% | 11/17/24 |
| 30 Year FHA Purchase | 6.88% | 11/17/24 |
| 30 Year FHA Refi | 6.40% | 11/17/24 |
| 30 Year VA Purchase | 6.82% | 11/17/24 |
| 30 Year VA Refi | 6.38% | 11/17/24 |
| 30 Year USDA Purchase | 7.02% | 11/17/24 |
| 30 Year USDA Refi | 6.27% | 11/17/24 |
| 15 Year Conventional Purchase | 6.13% | 11/17/24 |
| 15 Year Conventional Refi | 6.13% | 11/17/24 |
| 15 Year Cash-out Refi | 6.13% | 11/17/24 |
| 15 Year FHA Purchase | 6.19% | 11/17/24 |
| 15 Year FHA Refi | 5.96% | 11/17/24 |
| 15 Year VA Purchase | 5.76% | 11/17/24 |
| 15 Year VA Refi | 5.98% | 11/17/24 |
| 15 Year USDA Purchase | 5.68% | 11/17/24 |
| 15 Year USDA Refi | 6.12% | 11/17/24 |
| These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates. | ||
Nova Financial & Investment Corporation Mortgage Calculator
Your Estimates
Estimated Loan Payment: Update the calculator values and click calculate payment!
This is not an official calculator from Nova Financial & Investment Corporation. It uses our SimulatedRate™
technology, basic math and reasonable assumptions to calculate mortgage payments derived from our simulations and your inputs.
The default purchase price is the median sales price across the US for 2022Q4, per FRED.
Originations
4,880Origination Dollar Volume (All Markets)
$1,573,010,000Awards
NOVA FINANCIAL & INVESTMENT CORPORATION - 2023
NOVA FINANCIAL & INVESTMENT CORPORATION is a 2023 , due to their low .
For 2023, less than of lenders were eligible for this award.
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Relative Rate
Nova Financial & Investment Corporation's average 30 year fixed mortgage rate was
6.51%.
The 2023 average 30 year fixed rate mortgage across all markets and lenders was 6.48%.
This yields a difference of 0.03%.
Relative Fees (Closing Costs)
Nova Financial & Investment Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $6,824.
The average total origination fees for 30 year fixed rate mortgages across all lenders (for all loan values, including
both points & up-front fees in addition to origination fees) were $9,089.
Top Markets
Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.
| Market | Originations | Total Value | Average Loan | Average Fees | Average Rate |
|---|---|---|---|---|---|
| PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) | 1,552 | $509,630,000 | $328,370 | $6,987 | 6.41% |
| TUCSON, AZ (FHA|USDA|VA) | 1,255 | $361,745,000 | $288,243 | $6,000 | 6.64% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 314 | $150,260,000 | $478,535 | $4,045 | 6.52% |
| YUMA, AZ (FHA|USDA|VA) | 499 | $113,955,000 | $228,367 | $5,758 | 6.65% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 233 | $80,735,000 | $346,502 | $8,511 | 6.70% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 167 | $69,625,000 | $416,916 | $11,579 | 6.36% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 141 | $31,615,000 | $224,220 | $5,135 | 6.46% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 58 | $27,690,000 | $477,414 | $14,513 | 6.45% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 53 | $19,185,000 | $361,981 | $6,704 | 6.74% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 27 | $18,635,000 | $690,185 | $7,830 | 6.99% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 34 | $13,780,000 | $405,294 | $7,391 | 6.68% |
| GREELEY, CO (FHA|USDA|VA) | 33 | $12,405,000 | $375,909 | $5,614 | 5.83% |
| Nogales, AZ (FHA|USDA|VA) | 36 | $9,860,000 | $273,889 | $5,970 | 6.52% |
| Show Low, AZ (FHA|USDA|VA) | 37 | $9,795,000 | $264,730 | $5,926 | 6.66% |
| EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) | 36 | $9,540,000 | $265,000 | $9,891 | 6.77% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 24 | $9,420,000 | $392,500 | $10,332 | 6.31% |
| Safford, AZ (FHA|USDA|VA) | 41 | $9,045,000 | $220,610 | $5,105 | 6.85% |
| Outside of Metro Areas | 33 | $8,425,000 | $255,303 | $5,315 | 6.70% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 38 | $8,050,000 | $211,842 | $5,605 | 7.12% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 22 | $7,730,000 | $351,364 | $5,172 | 6.37% |
| BOULDER, CO (FHA|USDA|VA) | 15 | $7,465,000 | $497,667 | $5,749 | 6.91% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 9 | $6,305,000 | $700,556 | $9,956 | 6.76% |
| FORT COLLINS, CO (FHA|USDA|VA) | 15 | $5,485,000 | $365,667 | $6,866 | 5.87% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 11 | $5,335,000 | $485,000 | $7,896 | 6.88% |
| Payson, AZ (FHA|USDA|VA) | 16 | $5,110,000 | $319,375 | $7,470 | 6.78% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 11 | $4,595,000 | $417,727 | $9,584 | 7.02% |
| EL PASO, TX (FHA|USDA|VA) | 14 | $3,580,000 | $255,714 | $7,794 | 6.77% |
| Breckenridge, CO (FHA|USDA|VA) | 4 | $3,480,000 | $870,000 | $5,298 | 6.97% |
| Centralia, WA (FHA|USDA|VA) | 8 | $3,150,000 | $393,750 | $5,638 | 5.62% |
| Shelton, WA (FHA|USDA|VA) | 10 | $3,020,000 | $302,000 | $9,622 | 6.91% |
| Edwards, CO (FHA|USDA|VA) | 3 | $2,465,000 | $821,667 | $5,697 | 6.29% |
| SALEM, OR (FHA|USDA|VA) | 5 | $2,235,000 | $447,000 | $9,233 | 7.27% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 4 | $1,890,000 | $472,500 | $5,021 | 7.19% |
| PANAMA CITY, FL (FHA|USDA|VA) | 4 | $1,690,000 | $422,500 | $10,262 | 6.50% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 7 | $1,595,000 | $227,857 | $5,316 | 5.11% |
| Roseburg, OR (FHA|USDA|VA) | 5 | $1,545,000 | $309,000 | $8,345 | 7.50% |
| BEND, OR (FHA|USDA|VA) | 4 | $1,380,000 | $345,000 | $7,613 | 7.26% |
| EL CENTRO, CA (FHA|USDA|VA) | 4 | $1,340,000 | $335,000 | $7,783 | 6.25% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 3 | $1,175,000 | $391,667 | $6,879 | 6.29% |
| PORT ST. LUCIE, FL (FHA|USDA|VA) | 2 | $1,150,000 | $575,000 | $14,677 | 6.37% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 2 | $1,140,000 | $570,000 | $2,341 | 7.00% |
| ALBANY-LEBANON, OR (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $16,480 | 6.83% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 2 | $1,010,000 | $505,000 | $13,550 | 5.56% |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) | 4 | $980,000 | $245,000 | $9,911 | 7.59% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 3 | $865,000 | $288,333 | $7,259 | 7.04% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 2 | $860,000 | $430,000 | $14,050 | 6.81% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 2 | $780,000 | $390,000 | $5,506 | 7.44% |
| Fort Morgan, CO (FHA|USDA|VA) | 2 | $770,000 | $385,000 | $5,495 | 6.37% |
| ST. GEORGE, UT (FHA|USDA|VA) | 4 | $770,000 | $192,500 | $1,934 | 6.47% |
| Aberdeen, WA (FHA|USDA|VA) | 3 | $765,000 | $255,000 | $6,677 | 5.92% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $12,076 | 6.31% |
| PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) | 3 | $745,000 | $248,333 | $5,267 | 6.88% |
| Sandpoint, ID (FHA|USDA|VA) | 1 | $725,000 | $725,000 | $7,419 | 8.13% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 1 | $715,000 | $715,000 | $1,925 | 6.25% |
| WACO, TX (FHA|USDA|VA) | 1 | $675,000 | $675,000 | $25,657 | 7.38% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $670,000 | $335,000 | $9,598 | 6.93% |
| MEDFORD, OR (FHA|USDA|VA) | 2 | $650,000 | $325,000 | $11,463 | 6.56% |
| SALINAS, CA (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $5,229 | 6.75% |
| NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) | 1 | $605,000 | $605,000 | $4,302 | 7.13% |
| RENO, NV (FHA|USDA|VA) | 3 | $605,000 | $201,667 | $4,647 | 6.75% |
| Coos Bay, OR (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $5,341 | 7.00% |
| Pahrump, NV (FHA|USDA|VA) | 3 | $545,000 | $181,667 | $5,174 | 7.46% |
| Sonora, CA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $700 | 7.75% |
| POCATELLO, ID (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $11,085 | 7.38% |
| Hood River, OR (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $9,794 | 7.25% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $455,000 | $455,000 | $10,087 | 7.25% |
| PUEBLO, CO (FHA|USDA|VA) | 2 | $420,000 | $210,000 | $3,142 | 8.68% |
| SHERMAN-DENISON, TX (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $7,081 | 8.13% |
| LOGAN, UT-ID (FHA|USDA|VA) | 1 | $395,000 | $395,000 | $11,828 | 7.88% |
| FRESNO, CA (FHA|USDA|VA) | 1 | $385,000 | $385,000 | $7,910 | 6.75% |
| Newport, OR (FHA|USDA|VA) | 1 | $345,000 | $345,000 | $4,166 | 8.13% |
| CHATTANOOGA, TN-GA (FHA|USDA|VA) | 1 | $335,000 | $335,000 | $2,396 | 8.13% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 2 | $330,000 | $165,000 | $5,664 | 9.12% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $9,424 | 6.88% |
| LAS CRUCES, NM (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $9,253 | 6.75% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 1 | $325,000 | $325,000 | $6,715 | 7.13% |
| Clearlake, CA (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,379 | 6.49% |
| CINCINNATI, OH-KY-IN (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $6,261 | 7.88% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $4,059 | 5.99% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $3,730 | 7.13% |
| Sterling, CO (FHA|USDA|VA) | 2 | $300,000 | $150,000 | $3,719 | 6.88% |
| FARMINGTON, NM (FHA|USDA|VA) | 1 | $295,000 | $295,000 | $4,026 | 6.99% |
| ABILENE, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $12,327 | 7.25% |
| HOMOSASSA SPRINGS, FL (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $6,631 | 6.63% |
| BELLINGHAM, WA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $5,636 | 7.25% |
| GAINESVILLE, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,740 | 6.99% |
| Silver City, NM (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $2,976 | 7.50% |
| Cañon City, CO (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $5,741 | 6.25% |
| Montrose, CO (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $3,122 | 7.13% |
| BROWNSVILLE-HARLINGEN, TX (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $7,302 | 7.49% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 1 | $195,000 | $195,000 | $2,992 | 6.63% |
| Alamogordo, NM (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $11,832 | 6.25% |
| Campbellsville, KY (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $5,311 | 6.49% |
| Deming, NM (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $3,743 | 6.75% |
| COLLEGE STATION-BRYAN, TX (FHA|USDA|VA) | 1 | $135,000 | $135,000 | $7,089 | 7.13% |
| AMARILLO, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $4,227 | 7.25% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $3,638 | 7.63% |
| Paris, TX (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $5,056 | 6.49% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $2,657 | 6.13% |
| REDDING, CA (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $3,363 | 7.25% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $85,000 | $85,000 | $2,938 | 6.99% |
| DAPHNE-FAIRHOPE-FOLEY, AL (FHA|USDA|VA) | 1 | $75,000 | $75,000 | $4,444 | 6.99% |
| TYLER, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $2,932 | 6.75% |
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We use machine learning to identify the top lenders compared against NOVA FINANCIAL & INVESTMENT CORPORATION based on their rates and fees, along with other useful metrics. A lower similarity rank signals a stronger match.
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Product Mix
For 2023, Nova Financial & Investment Corporation's most frequently originated type of loan was Conventional, with 2,726 originations. Their 2nd most popular type was FHA, with 1,586 originations.
Loan Reason
For 2023, Nova Financial & Investment Corporation's most frequently cited loan purpose was Home Purchase, with 4,283 originations. The 2nd most popular reason was Cash Out Refi, with 496 originations.
Loan Duration/Length
For 2023, Nova Financial & Investment Corporation's most frequently cited loan duration was 30 Year, with 4,667 originations. The 2nd most popular length was 20 Year, with 62 originations.
Origination Fees/Closing Costs
Nova Financial & Investment Corporation's average total fees were $6,824, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 2,275 originations.
Interest Rates
During 2023, Nova Financial & Investment Corporation's average interest rate for loans was 6.51%, while their most frequently originated rate bucket for loans was 6-7%, with 2,360 originations.
Loan Sizing
2023 saw Nova Financial & Investment Corporation place emphasis on $200k-400k loans with 2,524 originations, totaling $757,180,000 in origination value.
Applicant Income
Nova Financial & Investment Corporation lent most frequently to those with incomes in the $100k-150k range, with 1,200 originations. The second most popular income band? $50k-75k, with 1,106 originations.
Applicant Debt to Income Ratio
Nova Financial & Investment Corporation lent most frequently to those with DTI ratios of 50-60%, with 896 originations. The next most common DTI ratio? 30-36%, with 557 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications94.93%
Nova Financial & Investment Corporation has an average approval rate.
Pick Rate
Approvals leading to origination68.77%
Nova Financial & Investment Corporation has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 4,880 | $1,573,010,000 | $322,338 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 4,880 | $1,573,010,000 | $322,338 |