Nova Financial & Investment Corporation Mortgage Rates, Fees & Info

TUCSON, AZ

LEI: 549300HIVO8XPBPNVG69

Tax ID: 86-0415227

5 stars - out of 5 stars, based on 155 reviews

2021 Data | 2020 Data | 2019 Data | 2018 Data


Overview

Nova Financial & Investment Corporation is a mid-sized mortgage company specializing in Home Purchase, Refi, and Cash Out Refi loans. Nova Financial & Investment Corporation has a high proportion of conventional loans. They have an average proportion of FHA loans. They have a low ratio of USDA loans. Their top markets include Phoenix, Tucson, Denver, Yuma, and Las Vegas among others. Nova Financial & Investment Corporation has an above average approval rate for mortages when compared nationally. They have a below average pick rate when compared to the same sample of other lendors. Nova Financial & Investment Corporation is typically an average fee lendor.


Originations

24,138

Origination Dollar Volume (All Markets)

$6,718,940,000
Show all (44) awards

Relative Rate

Nova Financial & Investment Corporation's average 30 year fixed rate mortgage of loans were 3.13%.

The 2021 average 30 year fixed rate mortgage across all markets of loans were 3.15%.

This yields a difference of -0.02%.

Relative Fees

Nova Financial & Investment Corporation's average total fees for a 30 year fixed rate mortgage are $3,691.

The average total origination fees for 30 year fixed rate mortgages (for all loan values, including both points & up-front fees in addition to origination fees) are $4,750.

Top Markets

Market Originations Total Value Average Loan Average Fees Average Rate
PHOENIX-MESA-CHANDLER, AZ (FHA|USDA|VA) 7,565 $2,209,385,000 $292,054 $4,145 3.13%
TUCSON, AZ (FHA|USDA|VA) 7,791 $1,807,265,000 $231,968 $3,125 3.04%
DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) 2,321 $900,315,000 $387,900 $2,265 2.95%
YUMA, AZ (FHA|USDA|VA) 1,797 $340,105,000 $189,263 $3,647 3.05%
LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) 1,019 $293,885,000 $288,405 $4,339 3.08%
SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) 508 $278,290,000 $547,815 $2,158 2.94%
SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) 903 $186,495,000 $206,528 $3,759 3.00%
FLAGSTAFF, AZ (FHA|USDA|VA) 176 $62,470,000 $354,943 $3,772 3.12%
Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) 109 $60,625,000 $556,193 $3,110 3.05%
PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) 190 $54,040,000 $284,421 $3,877 3.16%
Outside of Metro Areas 181 $47,455,000 $262,182 $2,962 3.03%
BOULDER, CO (FHA|USDA|VA) 110 $45,210,000 $411,000 $2,586 3.03%
LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) 210 $44,390,000 $211,381 $4,120 3.28%
COLORADO SPRINGS, CO (FHA|USDA|VA) 127 $40,515,000 $319,016 $3,186 2.93%
GREELEY, CO (FHA|USDA|VA) 97 $32,005,000 $329,948 $2,647 3.01%
Safford, AZ (FHA|USDA|VA) 119 $24,635,000 $207,017 $3,879 3.04%
San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) 26 $22,660,000 $871,538 $2,869 2.82%
FORT COLLINS, CO (FHA|USDA|VA) 72 $22,440,000 $311,667 $2,511 2.92%
Nogales, AZ (FHA|USDA|VA) 103 $21,775,000 $211,408 $3,736 3.03%
Show Low, AZ (FHA|USDA|VA) 85 $20,465,000 $240,765 $3,470 3.16%
HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) 70 $19,360,000 $276,571 $5,115 3.02%
RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) 56 $17,830,000 $318,393 $2,769 3.02%
Breckenridge, CO (FHA|USDA|VA) 21 $11,225,000 $534,524 $3,263 3.22%
Payson, AZ (FHA|USDA|VA) 45 $10,515,000 $233,667 $3,775 3.15%
SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) 20 $9,810,000 $490,500 $3,106 3.10%
Edwards, CO (FHA|USDA|VA) 16 $9,600,000 $600,000 $2,199 2.91%
Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) 30 $9,390,000 $313,000 $4,466 3.04%
INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) 32 $9,310,000 $290,938 $2,722 2.80%
Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) 14 $8,620,000 $615,714 $3,336 2.90%
PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) 14 $4,420,000 $315,714 $4,593 3.02%
RENO, NV (FHA|USDA|VA) 12 $4,130,000 $344,167 $2,856 3.07%
SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) 5 $3,585,000 $717,000 $3,845 2.88%
ALBUQUERQUE, NM (FHA|USDA|VA) 14 $3,340,000 $238,571 $3,656 3.17%
Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 9 $3,335,000 $370,556 $4,750 2.81%
Pahrump, NV (FHA|USDA|VA) 14 $3,100,000 $221,429 $5,390 3.14%
PUEBLO, CO (FHA|USDA|VA) 9 $2,975,000 $330,556 $4,088 3.00%
SALINAS, CA (FHA|USDA|VA) 7 $2,575,000 $367,857 $4,775 3.03%
OGDEN-CLEARFIELD, UT (FHA|USDA|VA) 5 $2,515,000 $503,000 $2,136 3.08%
Heber, UT (FHA|USDA|VA) 3 $2,225,000 $741,667 $3,561 3.08%
Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) 6 $2,060,000 $343,333 $1,741 3.06%
LOUISVILLE/JEFFERSON COUNTY, KY-IN (FHA|USDA|VA) 7 $2,025,000 $289,286 $4,333 3.20%
KILLEEN-TEMPLE, TX (FHA|USDA|VA) 6 $1,790,000 $298,333 $4,522 3.33%
OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) 4 $1,690,000 $422,500 $1,720 3.25%
SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) 2 $1,670,000 $835,000 $1,545 3.00%
SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) 7 $1,565,000 $223,571 $4,847 3.00%
PORT ST. LUCIE, FL (FHA|USDA|VA) 2 $1,560,000 $780,000 $9,993 2.56%
TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) 5 $1,555,000 $311,000 $2,344 2.85%
CaƱon City, CO (FHA|USDA|VA) 4 $1,480,000 $370,000 $2,247 2.88%
YUBA CITY, CA (FHA|USDA|VA) 4 $1,470,000 $367,500 $3,339 2.87%
EL CENTRO, CA (FHA|USDA|VA) 7 $1,465,000 $209,286 $2,779 2.99%
Durango, CO (FHA|USDA|VA) 4 $1,440,000 $360,000 $6,715 3.03%
BAKERSFIELD, CA (FHA|USDA|VA) 5 $1,335,000 $267,000 $3,259 3.07%
SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) 3 $1,235,000 $411,667 $2,602 3.04%
SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) 2 $1,220,000 $610,000 $3,040 3.31%
ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) 5 $1,195,000 $239,000 $4,508 3.32%
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) 3 $1,165,000 $388,333 $2,279 2.92%
OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) 4 $1,120,000 $280,000 $1,604 3.16%
WACO, TX (FHA|USDA|VA) 3 $1,105,000 $368,333 $4,448 3.00%
Montrose, CO (FHA|USDA|VA) 5 $1,085,000 $217,000 $2,515 2.58%
LAS CRUCES, NM (FHA|USDA|VA) 6 $1,070,000 $178,333 $3,167 3.12%
Alamogordo, NM (FHA|USDA|VA) 5 $1,065,000 $213,000 $2,729 3.35%
Silver City, NM (FHA|USDA|VA) 7 $1,015,000 $145,000 $3,452 3.05%
GRAND JUNCTION, CO (FHA|USDA|VA) 4 $1,000,000 $250,000 $2,415 2.97%
SANTA CRUZ-WATSONVILLE, CA (FHA|USDA|VA) 1 $995,000 $995,000 $12,581 3.00%
Newport, OR (FHA|USDA|VA) 3 $995,000 $331,667 $4,219 3.00%
BEND, OR (FHA|USDA|VA) 4 $990,000 $247,500 $4,020 3.22%
Del Rio, TX (FHA|USDA|VA) 4 $900,000 $225,000 $7,772 3.19%
MODESTO, CA (FHA|USDA|VA) 3 $885,000 $295,000 $3,041 2.67%
Cedar City, UT (FHA|USDA|VA) 2 $880,000 $440,000 $3,309 2.81%
CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) 4 $850,000 $212,500 $3,750 3.06%
EUGENE-SPRINGFIELD, OR (FHA|USDA|VA) 2 $820,000 $410,000 $4,586 3.31%
LEXINGTON-FAYETTE, KY (FHA|USDA|VA) 2 $780,000 $390,000 $4,312 3.12%
MADERA, CA (FHA|USDA|VA) 2 $780,000 $390,000 $8,289 3.25%
SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) 2 $710,000 $355,000 $3,816 2.69%
VISALIA, CA (FHA|USDA|VA) 3 $665,000 $221,667 $2,063 3.16%
MEDFORD, OR (FHA|USDA|VA) 2 $660,000 $330,000 $2,454 2.94%
AMARILLO, TX (FHA|USDA|VA) 2 $630,000 $315,000 $3,608 3.00%
BLOOMINGTON, IN (FHA|USDA|VA) 2 $610,000 $305,000 $3,453 3.13%
Eureka-Arcata, CA (FHA|USDA|VA) 2 $610,000 $305,000 $1,300 2.69%
Taos, NM (FHA|USDA|VA) 2 $570,000 $285,000 $3,203 3.38%
STOCKTON, CA (FHA|USDA|VA) 2 $550,000 $275,000 $6,648 3.44%
Red Bluff, CA (FHA|USDA|VA) 2 $550,000 $275,000 $5,713 2.81%
Gardnerville Ranchos, NV (FHA|USDA|VA) 1 $545,000 $545,000 $2,776 3.38%
Arcadia, FL (FHA|USDA|VA) 3 $535,000 $178,333 $2,521 3.25%
BELLINGHAM, WA (FHA|USDA|VA) 1 $535,000 $535,000 $2,846 2.63%
MERCED, CA (FHA|USDA|VA) 3 $525,000 $175,000 $2,642 3.04%
SALT LAKE CITY, UT (FHA|USDA|VA) 1 $495,000 $495,000 $1,290 3.88%
FRESNO, CA (FHA|USDA|VA) 2 $490,000 $245,000 $2,481 2.69%
Fort Morgan, CO (FHA|USDA|VA) 2 $480,000 $240,000 $3,025 2.94%
Glenwood Springs, CO (FHA|USDA|VA) 2 $480,000 $240,000 $2,654 3.38%
GAINESVILLE, FL (FHA|USDA|VA) 1 $475,000 $475,000 $1,039 2.99%
ST. GEORGE, UT (FHA|USDA|VA) 2 $470,000 $235,000 $2,102 2.87%
NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 2 $460,000 $230,000 $3,506 3.44%
EL PASO, TX (FHA|USDA|VA) 3 $455,000 $151,667 $3,212 3.32%
Columbus, NE (FHA|USDA|VA) 2 $440,000 $220,000 $4,154 3.31%
Coos Bay, OR (FHA|USDA|VA) 2 $440,000 $220,000 $4,347 3.06%
Ellensburg, WA (FHA|USDA|VA) 1 $435,000 $435,000 $3,756 2.99%
Truckee-Grass Valley, CA (FHA|USDA|VA) 1 $435,000 $435,000 $589 3.13%
Rockport, TX (FHA|USDA|VA) 1 $425,000 $425,000 $4,216 2.75%
LINCOLN, NE (FHA|USDA|VA) 1 $405,000 $405,000 $1,323 2.75%
Centralia, WA (FHA|USDA|VA) 1 $405,000 $405,000 $3,639 3.63%
WICHITA FALLS, TX (FHA|USDA|VA) 2 $400,000 $200,000 $1,626 3.00%
TYLER, TX (FHA|USDA|VA) 1 $375,000 $375,000 $3,283 2.88%
VALLEJO, CA (FHA|USDA|VA) 1 $375,000 $375,000 $3,433 2.63%
KENNEWICK-RICHLAND, WA (FHA|USDA|VA) 1 $375,000 $375,000 $3,173 2.25%
Corsicana, TX (FHA|USDA|VA) 2 $370,000 $185,000 $4,063 3.37%
CHICO, CA (FHA|USDA|VA) 1 $365,000 $365,000 $3,385 3.38%
LUBBOCK, TX (FHA|USDA|VA) 1 $355,000 $355,000 $10,782 2.63%
Roswell, NM (FHA|USDA|VA) 2 $350,000 $175,000 $3,792 3.19%
GRANTS PASS, OR (FHA|USDA|VA) 1 $345,000 $345,000 $3,065 2.25%
PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) 1 $345,000 $345,000 $3,401 3.49%
REDDING, CA (FHA|USDA|VA) 1 $335,000 $335,000 $2,308 2.88%
MUNCIE, IN (FHA|USDA|VA) 1 $315,000 $315,000 $1,225 3.75%
AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) 1 $295,000 $295,000 $3,599 2.13%
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (FHA|USDA|VA) 1 $285,000 $285,000 $1,730 3.13%
PENSACOLA-FERRY PASS-BRENT, FL (FHA|USDA|VA) 1 $285,000 $285,000 $4,844 2.88%
Craig, CO (FHA|USDA|VA) 1 $275,000 $275,000 $8,193 3.00%
LAFAYETTE-WEST LAFAYETTE, IN (FHA|USDA|VA) 1 $275,000 $275,000 $10,575 3.00%
The Dalles, OR (FHA|USDA|VA) 1 $245,000 $245,000 $2,780 2.88%
North Platte, NE (FHA|USDA|VA) 1 $245,000 $245,000 $3,550 3.13%
LONGVIEW, TX (FHA|USDA|VA) 1 $245,000 $245,000 $3,152 2.88%
PANAMA CITY, FL (FHA|USDA|VA) 1 $235,000 $235,000 $4,778 2.75%
PUNTA GORDA, FL (FHA|USDA|VA) 1 $225,000 $225,000 $3,341 3.38%
GRAND ISLAND, NE (FHA|USDA|VA) 1 $215,000 $215,000 $2,493 3.75%
LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) 1 $195,000 $195,000 $3,327 3.38%
ODESSA, TX (FHA|USDA|VA) 1 $195,000 $195,000 $5,450 3.49%
Winnemucca, NV (FHA|USDA|VA) 1 $195,000 $195,000 $3,173 3.38%
HARRISBURG-CARLISLE, PA (FHA|USDA|VA) 1 $195,000 $195,000 $2,978 2.88%
Steamboat Springs, CO (FHA|USDA|VA) 1 $185,000 $185,000 $3,109 3.88%
North Port-Sarasota-Bradenton, FL (FHA|USDA|VA) 1 $175,000 $175,000 $2,768 3.13%
Elko, NV (FHA|USDA|VA) 1 $165,000 $165,000 $7,338 2.88%
Ruidoso, NM (FHA|USDA|VA) 1 $165,000 $165,000 $3,410 2.63%
Sterling, CO (FHA|USDA|VA) 1 $155,000 $155,000 $2,845 2.50%
Hobbs, NM (FHA|USDA|VA) 1 $155,000 $155,000 $2,635 2.88%
Plymouth, IN (FHA|USDA|VA) 1 $155,000 $155,000 $1,741 2.75%
MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) 1 $135,000 $135,000 $2,509 2.38%
Sebastian-Vero Beach, FL (FHA|USDA|VA) 1 $135,000 $135,000 $1,961 2.75%
SHERMAN-DENISON, TX (FHA|USDA|VA) 1 $135,000 $135,000 $5,487 3.00%
Port Angeles, WA (FHA|USDA|VA) 1 $105,000 $105,000 $2,294 2.49%
PEORIA, IL (FHA|USDA|VA) 1 $95,000 $95,000 $1,593 2.99%
JACKSONVILLE, FL (FHA|USDA|VA) 1 $85,000 $85,000 $1,289 2.99%
SALEM, OR (FHA|USDA|VA) 1 $85,000 $85,000 $2,738 3.13%
Fernley, NV (FHA|USDA|VA) 1 $75,000 $75,000 $2,801 2.88%

Nova Financial & Investment Corporation's top markets include Phoenix, Tucson, Denver, Yuma, and Las Vegas among others.

Product Mix

Loan Type Originations Total Value Average Loan Average Fees Average Rate
Conventional 18,904 $5,262,790,000 $278,396 $2,624 3.06%
FHA 2,989 $728,435,000 $243,705 $7,308 3.27%
VA 2,075 $695,535,000 $335,198 $5,858 2.75%
USDA 170 $32,180,000 $189,294 $4,262 2.91%

For the 2021 period, Nova Financial & Investment Corporation's most frequently originated loan type of loans were Conventional, with 18,904 originations. Their 2nd most popular type is FHA, with 2,989 originations.

Loan Reason

Loan Reason Originations Total Value Average Loan Average Fees Average Rate
Home Purchase 9,807 $3,015,745,000 $307,509 $5,012 3.17%
Refi 8,270 $2,130,160,000 $257,577 $2,060 2.85%
Cash Out Refi 6,061 $1,573,035,000 $259,534 $2,979 3.17%

For the 2021, Nova Financial & Investment Corporation's most frequently cited loan purpose of loans were Home Purchase, with 9,807 originations. The 2nd most popular reason of loans were Refi, with 8,270 originations.

Loan Duration/Length

Loan Length Originations Total Value Average Loan Average Fees Average Rate
30 Year 20,799 $6,039,595,000 $290,379 $3,691 3.13%
15 Year 2,234 $457,610,000 $204,839 $2,227 2.51%
20 Year 688 $140,820,000 $204,680 $2,350 2.91%
Other 261 $56,315,000 $215,766 $2,083 2.90%
10 Year 136 $24,360,000 $179,118 $2,149 2.35%
3 Year 20 $240,000 $12,000 $1 0.00%

For the 2021, Nova Financial & Investment Corporation's most frequently cited loan length of loans were 30 Year, with 20,799 originations. The 2nd most popular length of loans were 15 Year, with 2,234 originations.

Origination Fees

Origination Fee Originations Total Value Average Loan
$<1k 11,938 $3,541,960,000 $296,696
$1k-2k 9,338 $2,299,570,000 $246,259
$2k-3k 1,560 $430,220,000 $275,782
$3k-4k 952 $303,750,000 $319,065
$5k+ 315 $135,425,000 $429,921

$3,691 of loans were Nova Financial & Investment Corporation's average total fees, while their most frequently occuring range of origination fees were in the $<1k bucket, with 11,938 originations.

Interest Rates

Loan Rate Originations Total Value Average Loan
3-4% 10,312 $2,775,870,000 $269,188
2.5-3% 9,845 $2,923,545,000 $296,957
<2.5% 3,046 $781,280,000 $256,494
4-5% 917 $234,225,000 $255,425
5-6% 18 $4,020,000 $223,333

During 2021, Nova Financial & Investment Corporation's average interest rate of loans were 3.13%, while their most frequently originated rate bucket of loans were 3-4%, with 10,312 originations.

Loan Sizing

Loan Size Originations Total Value Average Loan Average Fees Average Rate
$200k-400k 11,820 $3,341,750,000 $282,720 $4,022 3.14%
$100k-200k 7,315 $1,134,445,000 $155,085 $2,645 3.04%
$400k-600k 3,005 $1,446,905,000 $481,499 $3,678 3.01%
$100,000 or less 1,183 $85,255,000 $72,067 $2,129 2.67%
$600k-1MM 623 $454,395,000 $729,366 $4,319 2.91%
$1MM+ 192 $256,190,000 $1,334,323 $5,628 2.79%

2021 saw Nova Financial & Investment Corporation place emphasis on $200k-400k loans with 11,820 originations, totaling $3,341,750,000 in origination value.

Applicant Income

Applicant Income Originations Total Value Average Loan Average Fees Average Rate
$50k-75k 6,223 $1,410,345,000 $226,634 $3,813 3.10%
$100k-150k 4,527 $1,430,305,000 $315,950 $3,358 3.07%
$75k-100k 4,431 $1,182,845,000 $266,948 $3,712 3.09%
$50k or less 4,227 $704,085,000 $166,568 $3,366 3.07%
$150k-250k 2,726 $1,078,100,000 $395,488 $3,194 3.04%
$250k+ 1,219 $683,805,000 $560,956 $3,293 3.01%

Nova Financial & Investment Corporation lent most frequently to those with incomes in the $50k-75k range, with 6,223 originations. The second most popular income band? $100k-150k, with 4,527 originations.

Applicant Debt to Income Ratio

DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
20-30% 4,898 $1,368,350,000 $279,369 $2,801 2.99%
30-36% 4,245 $1,190,915,000 $280,545 $3,260 3.08%
<20% 2,571 $697,935,000 $271,464 $2,374 2.77%
44% 1,143 $310,205,000 $271,395 $3,865 3.20%
50-60% 1,023 $292,615,000 $286,036 $7,113 3.04%
43% 994 $270,670,000 $272,304 $3,750 3.18%
42% 960 $270,700,000 $281,979 $3,870 3.15%
40% 901 $256,135,000 $284,279 $3,655 3.16%
41% 873 $249,655,000 $285,974 $3,606 3.16%
38% 870 $246,320,000 $283,126 $3,644 3.16%
39% 844 $246,580,000 $292,156 $3,693 3.11%
37% 807 $229,425,000 $284,294 $3,507 3.15%
36% 804 $230,580,000 $286,791 $3,537 3.14%
45% 741 $193,135,000 $260,641 $3,677 3.15%
49% 707 $189,415,000 $267,914 $4,114 3.15%
48% 584 $156,770,000 $268,442 $4,110 3.09%
46% 567 $147,425,000 $260,009 $4,103 3.10%
47% 550 $154,010,000 $280,018 $4,184 3.11%
>60% 56 $18,100,000 $323,214 $6,601 2.70%

Nova Financial & Investment Corporation lent most frequently to those with DTI ratios of 20-30%, with 4,898 originations. The next most common DTI ratio? 30-36%, with 4,245 originations.

Ethnicity Mix

Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
White 20,958 $5,759,690,000 $274,821 $3,410 3.06%
Not provided 1,697 $528,035,000 $311,158 $3,943 3.06%
Asian 670 $201,790,000 $301,179 $3,615 3.06%
Black 594 $172,240,000 $289,966 $4,603 3.11%
American Indian 154 $39,550,000 $256,818 $4,449 3.14%
Native Hawaiian 65 $17,635,000 $271,308 $3,690 3.07%

Approval Rates

Total approvals of all applications
96.36%

Nova Financial & Investment Corporation has an exceptionally high approval rate. They either target their audience very well or may have lax underwriting protocols.

Pick Rate

Approvals leading to origination
77.90%

Nova Financial & Investment Corporation has a below average pick rate.

Points and Fees

Points Originations Total Value Average Loan
NA 24,138 $6,718,940,000 $278,355

Occupancy Type Mix

Dwelling Type Originations Total Value Average Loan
24,138 $6,718,940,000 $278,355

LTV Distribution

Loan to Value Originations Total Value Average Loan Average Fees Average Rate
20-40% 1,408 $245,040,000 $174,034 $2,155 2.85%
40-60% 4,388 $1,079,250,000 $245,955 $2,181 2.90%
60-80% 9,616 $2,817,720,000 $293,024 $2,815 3.13%
80-100% 8,228 $2,465,490,000 $299,646 $4,956 3.16%
Over 100% 261 $96,885,000 $371,207 $13,563 2.85%
Under 20% 237 $14,555,000 $61,414 $961 1.34%

Complaints

Bank Name Product Issue 2021 CPFB Complaints % of Total Issues
NOVA Financial Holding Company, LLC Conventional home mortgage Closing on a mortgage 1 33.3%
NOVA Financial Holding Company, LLC FHA mortgage Closing on a mortgage 1 33.3%
NOVA Financial Holding Company, LLC Other type of mortgage Closing on a mortgage 1 33.3%