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 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. 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 Sierra Vista among others. We have data for 116 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 about average 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% | 9/25/23 |
| 30 Year Conventional Refi | 6.45% | 9/25/23 |
| 30 Year Cash-out Refi | 6.74% | 9/25/23 |
| 30 Year FHA Purchase | 6.88% | 9/25/23 |
| 30 Year FHA Refi | 6.40% | 9/25/23 |
| 30 Year VA Purchase | 6.82% | 9/25/23 |
| 30 Year VA Refi | 6.38% | 9/25/23 |
| 30 Year USDA Purchase | 7.02% | 9/25/23 |
| 30 Year USDA Refi | 6.27% | 9/25/23 |
| 15 Year Conventional Purchase | 6.13% | 9/25/23 |
| 15 Year Conventional Refi | 6.13% | 9/25/23 |
| 15 Year Cash-out Refi | 6.13% | 9/25/23 |
| 15 Year FHA Purchase | 6.19% | 9/25/23 |
| 15 Year FHA Refi | 5.96% | 9/25/23 |
| 15 Year VA Purchase | 5.76% | 9/25/23 |
| 15 Year VA Refi | 5.98% | 9/25/23 |
| 15 Year USDA Purchase | 5.68% | 9/25/23 |
| 15 Year USDA Refi | 6.12% | 9/25/23 |
| 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
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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
9,037Origination Dollar Volume (All Markets)
$2,812,905,000Awards
NOVA FINANCIAL & INVESTMENT CORPORATION - 2022
NOVA FINANCIAL & INVESTMENT CORPORATION is a 2022 , due to their low .
For 2022, 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
4.78%.
The 2022 average 30 year fixed rate mortgage across all markets and lenders was 4.76%.
This yields a difference of 0.02%.
Relative Fees (Closing Costs)
Nova Financial & Investment Corporation's average total fees/closing costs for a 30 year fixed rate
mortgage were $5,796.
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 $4,750.
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) | 2,960 | $997,330,000 | $336,936 | $6,539 | 4.83% |
| TUCSON, AZ (FHA|USDA|VA) | 2,653 | $708,625,000 | $267,103 | $5,039 | 4.62% |
| DENVER-AURORA-LAKEWOOD, CO (FHA|USDA|VA) | 580 | $282,450,000 | $486,983 | $3,573 | 4.71% |
| YUMA, AZ (FHA|USDA|VA) | 895 | $206,035,000 | $230,207 | $5,505 | 4.66% |
| SIERRA VISTA-DOUGLAS, AZ (FHA|USDA|VA) | 568 | $137,680,000 | $242,394 | $5,309 | 4.71% |
| LAS VEGAS-HENDERSON-PARADISE, NV (FHA|USDA|VA) | 344 | $115,290,000 | $335,145 | $6,710 | 4.77% |
| SAN DIEGO-CHULA VISTA-CARLSBAD, CA (FHA|USDA|VA) | 91 | $58,035,000 | $637,747 | $5,508 | 4.39% |
| PRESCOTT VALLEY-PRESCOTT, AZ (FHA|USDA|VA) | 107 | $35,225,000 | $329,206 | $6,198 | 4.97% |
| FLAGSTAFF, AZ (FHA|USDA|VA) | 92 | $32,460,000 | $352,826 | $6,595 | 5.13% |
| Outside of Metro Areas | 70 | $20,720,000 | $296,000 | $5,132 | 4.67% |
| GREELEY, CO (FHA|USDA|VA) | 44 | $17,300,000 | $393,182 | $3,670 | 4.56% |
| LAKE HAVASU CITY-KINGMAN, AZ (FHA|USDA|VA) | 91 | $16,545,000 | $181,813 | $6,126 | 5.07% |
| Nogales, AZ (FHA|USDA|VA) | 65 | $16,225,000 | $249,615 | $5,212 | 4.59% |
| BOULDER, CO (FHA|USDA|VA) | 28 | $13,660,000 | $487,857 | $3,579 | 4.94% |
| Show Low, AZ (FHA|USDA|VA) | 52 | $12,790,000 | $245,962 | $5,698 | 5.58% |
| COLORADO SPRINGS, CO (FHA|USDA|VA) | 33 | $12,735,000 | $385,909 | $5,408 | 4.98% |
| Seattle-Tacoma-Bellevue, WA (FHA|USDA|VA) | 21 | $9,665,000 | $460,238 | $7,278 | 5.63% |
| RIVERSIDE-SAN BERNARDINO-ONTARIO, CA (FHA|USDA|VA) | 20 | $9,630,000 | $481,500 | $6,848 | 4.52% |
| Safford, AZ (FHA|USDA|VA) | 42 | $9,470,000 | $225,476 | $5,087 | 5.04% |
| FORT COLLINS, CO (FHA|USDA|VA) | 23 | $9,425,000 | $409,783 | $3,757 | 4.86% |
| Payson, AZ (FHA|USDA|VA) | 31 | $9,245,000 | $298,226 | $7,249 | 5.04% |
| Los Angeles-Long Beach-Anaheim, CA (FHA|USDA|VA) | 11 | $8,645,000 | $785,909 | $9,295 | 3.58% |
| Dallas-Fort Worth-Arlington, TX (FHA|USDA|VA) | 13 | $4,205,000 | $323,462 | $6,989 | 5.52% |
| HOUSTON-THE WOODLANDS-SUGAR LAND, TX (FHA|USDA|VA) | 10 | $3,350,000 | $335,000 | $6,363 | 4.71% |
| SAN JOSE-SUNNYVALE-SANTA CLARA, CA (FHA|USDA|VA) | 2 | $2,700,000 | $1,350,000 | $5,861 | 4.19% |
| San Francisco-Oakland-Berkeley, CA (FHA|USDA|VA) | 3 | $2,695,000 | $898,333 | $3,340 | 3.87% |
| PORTLAND-VANCOUVER-HILLSBORO, OR-WA (FHA|USDA|VA) | 6 | $2,620,000 | $436,667 | $7,430 | 4.25% |
| Pahrump, NV (FHA|USDA|VA) | 7 | $2,565,000 | $366,429 | $7,683 | 5.00% |
| TAMPA-ST. PETERSBURG-CLEARWATER, FL (FHA|USDA|VA) | 7 | $2,475,000 | $353,571 | $8,193 | 5.75% |
| SACRAMENTO-ROSEVILLE-FOLSOM, CA (FHA|USDA|VA) | 5 | $2,285,000 | $457,000 | $8,090 | 4.48% |
| EL PASO, TX (FHA|USDA|VA) | 9 | $2,005,000 | $222,778 | $8,818 | 5.44% |
| Miami-Fort Lauderdale-Pompano Beach, FL (FHA|USDA|VA) | 5 | $1,955,000 | $391,000 | $5,497 | 4.13% |
| EL CENTRO, CA (FHA|USDA|VA) | 7 | $1,895,000 | $270,714 | $7,992 | 3.84% |
| SANTA MARIA-SANTA BARBARA, CA (FHA|USDA|VA) | 2 | $1,890,000 | $945,000 | $6,337 | 3.69% |
| PUEBLO, CO (FHA|USDA|VA) | 5 | $1,575,000 | $315,000 | $2,954 | 5.95% |
| RENO, NV (FHA|USDA|VA) | 3 | $1,325,000 | $441,667 | $5,530 | 4.58% |
| ALBUQUERQUE, NM (FHA|USDA|VA) | 5 | $1,295,000 | $259,000 | $6,069 | 4.72% |
| PALM BAY-MELBOURNE-TITUSVILLE, FL (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $5,018 | 5.03% |
| SAN ANTONIO-NEW BRAUNFELS, TX (FHA|USDA|VA) | 4 | $1,210,000 | $302,500 | $9,602 | 4.38% |
| Montrose, CO (FHA|USDA|VA) | 5 | $1,195,000 | $239,000 | $3,160 | 5.25% |
| GRAND JUNCTION, CO (FHA|USDA|VA) | 3 | $1,165,000 | $388,333 | $3,338 | 4.87% |
| BREMERTON-SILVERDALE-PORT ORCHARD, WA (FHA|USDA|VA) | 3 | $1,135,000 | $378,333 | $6,847 | 6.13% |
| OXNARD-THOUSAND OAKS-VENTURA, CA (FHA|USDA|VA) | 1 | $1,135,000 | $1,135,000 | $800 | 3.13% |
| AUSTIN-ROUND ROCK-GEORGETOWN, TX (FHA|USDA|VA) | 3 | $1,115,000 | $371,667 | $4,094 | 4.21% |
| CRESTVIEW-FORT WALTON BEACH-DESTIN, FL (FHA|USDA|VA) | 2 | $1,050,000 | $525,000 | $6,439 | 4.44% |
| Cañon City, CO (FHA|USDA|VA) | 3 | $965,000 | $321,667 | $3,744 | 5.12% |
| BLOOMINGTON, IN (FHA|USDA|VA) | 3 | $955,000 | $318,333 | $5,740 | 4.91% |
| Breckenridge, CO (FHA|USDA|VA) | 2 | $940,000 | $470,000 | $2,512 | 4.31% |
| GAINESVILLE, FL (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $4,291 | 3.81% |
| Steamboat Springs, CO (FHA|USDA|VA) | 2 | $930,000 | $465,000 | $1,752 | 4.00% |
| LAS CRUCES, NM (FHA|USDA|VA) | 4 | $900,000 | $225,000 | $5,183 | 4.97% |
| SANTA ROSA-PETALUMA, CA (FHA|USDA|VA) | 1 | $845,000 | $845,000 | $6,494 | 5.88% |
| SALINAS, CA (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $5,286 | 4.31% |
| JACKSONVILLE, FL (FHA|USDA|VA) | 2 | $820,000 | $410,000 | $5,616 | 5.56% |
| PROVO-OREM, UT (FHA|USDA|VA) | 2 | $800,000 | $400,000 | $9,055 | 5.68% |
| INDIANAPOLIS-CARMEL-ANDERSON, IN (FHA|USDA|VA) | 5 | $795,000 | $159,000 | $3,375 | 5.28% |
| STOCKTON, CA (FHA|USDA|VA) | 2 | $760,000 | $380,000 | $1,627 | 3.13% |
| KILLEEN-TEMPLE, TX (FHA|USDA|VA) | 3 | $665,000 | $221,667 | $6,714 | 4.67% |
| Glenwood Springs, CO (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $6,769 | 6.13% |
| Gardnerville Ranchos, NV (FHA|USDA|VA) | 1 | $655,000 | $655,000 | $1,100 | 5.00% |
| Edwards, CO (FHA|USDA|VA) | 1 | $615,000 | $615,000 | $1,218 | 4.99% |
| OGDEN-CLEARFIELD, UT (FHA|USDA|VA) | 1 | $575,000 | $575,000 | $4,121 | 5.25% |
| THE VILLAGES, FL (FHA|USDA|VA) | 2 | $570,000 | $285,000 | $4,163 | 5.63% |
| SAN LUIS OBISPO-PASO ROBLES, CA (FHA|USDA|VA) | 1 | $555,000 | $555,000 | $0 | 3.25% |
| FRESNO, CA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $2,352 | 3.75% |
| KENNEWICK-RICHLAND, WA (FHA|USDA|VA) | 2 | $550,000 | $275,000 | $3,216 | 5.87% |
| SPOKANE-SPOKANE VALLEY, WA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $3,360 | 3.81% |
| BAKERSFIELD, CA (FHA|USDA|VA) | 2 | $530,000 | $265,000 | $5,106 | 4.06% |
| MADERA, CA (FHA|USDA|VA) | 1 | $515,000 | $515,000 | $2,604 | 3.75% |
| OLYMPIA-LACEY-TUMWATER, WA (FHA|USDA|VA) | 1 | $505,000 | $505,000 | $12,359 | 5.75% |
| AMARILLO, TX (FHA|USDA|VA) | 3 | $505,000 | $168,333 | $2,755 | 5.88% |
| Taos, NM (FHA|USDA|VA) | 1 | $485,000 | $485,000 | $5,585 | 2.99% |
| Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) | 2 | $470,000 | $235,000 | $5,670 | 4.50% |
| MOUNT VERNON-ANACORTES, WA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $675 | 5.38% |
| Sebastian-Vero Beach, FL (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,691 | 5.63% |
| VALLEJO, CA (FHA|USDA|VA) | 1 | $465,000 | $465,000 | $5,881 | 5.88% |
| OCALA, FL (FHA|USDA|VA) | 2 | $440,000 | $220,000 | $3,508 | 5.69% |
| Sterling, CO (FHA|USDA|VA) | 1 | $405,000 | $405,000 | $15,020 | 5.25% |
| REDDING, CA (FHA|USDA|VA) | 2 | $400,000 | $200,000 | $5,971 | 4.25% |
| TALLAHASSEE, FL (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $4,875 | 6.25% |
| Elko, NV (FHA|USDA|VA) | 1 | $365,000 | $365,000 | $10,881 | 7.25% |
| Columbus, NE (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $4,200 | 3.88% |
| Susanville, CA (FHA|USDA|VA) | 1 | $355,000 | $355,000 | $624 | 5.38% |
| Coos Bay, OR (FHA|USDA|VA) | 2 | $340,000 | $170,000 | $5,707 | 4.00% |
| MIDLAND, TX (FHA|USDA|VA) | 1 | $315,000 | $315,000 | $7,797 | 3.63% |
| ALLENTOWN-BETHLEHEM-EASTON, PA-NJ (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $7,500 | 4.13% |
| Ontario, OR-ID (FHA|USDA|VA) | 1 | $305,000 | $305,000 | $11,419 | 6.13% |
| Cedar City, UT (FHA|USDA|VA) | 1 | $285,000 | $285,000 | $3,056 | 5.49% |
| LUBBOCK, TX (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $3,384 | 5.25% |
| Alamogordo, NM (FHA|USDA|VA) | 1 | $275,000 | $275,000 | $12,036 | 4.13% |
| Arcadia, FL (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,025 | 4.13% |
| VISALIA, CA (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $9,684 | 4.00% |
| Fort Morgan, CO (FHA|USDA|VA) | 1 | $265,000 | $265,000 | $2,750 | 3.75% |
| BEAUMONT-PORT ARTHUR, TX (FHA|USDA|VA) | 1 | $255,000 | $255,000 | $11,396 | 6.25% |
| ORLANDO-KISSIMMEE-SANFORD, FL (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $6,682 | 5.63% |
| LINCOLN, NE (FHA|USDA|VA) | 1 | $215,000 | $215,000 | $4,100 | 5.49% |
| Hobbs, NM (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $8,663 | 5.25% |
| CAPE CORAL-FORT MYERS, FL (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $7,367 | 5.99% |
| Aberdeen, WA (FHA|USDA|VA) | 1 | $205,000 | $205,000 | $6,478 | 5.88% |
| Carlsbad-Artesia, NM (FHA|USDA|VA) | 1 | $185,000 | $185,000 | $30 | 5.13% |
| Charleston-Mattoon, IL (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $6,358 | 3.75% |
| LOUISVILLE, KY (FHA|USDA|VA) | 1 | $175,000 | $175,000 | $816 | 3.63% |
| CORPUS CHRISTI, TX (FHA|USDA|VA) | 1 | $165,000 | $165,000 | $5,339 | 6.13% |
| LAKELAND-WINTER HAVEN, FL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $5,308 | 6.00% |
| ST. LOUIS, MO-IL (FHA|USDA|VA) | 1 | $155,000 | $155,000 | $2,887 | 5.38% |
| YAKIMA, WA (FHA|USDA|VA) | 1 | $145,000 | $145,000 | $2,417 | 3.38% |
| Grants, NM (FHA|USDA|VA) | 1 | $125,000 | $125,000 | $6,945 | 5.75% |
| MCALLEN-EDINBURG-MISSION, TX (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $6,577 | 6.99% |
| Roswell, NM (FHA|USDA|VA) | 1 | $115,000 | $115,000 | $4,936 | 6.00% |
| PITTSBURGH, PA (FHA|USDA|VA) | 1 | $105,000 | $105,000 | $1,667 | 3.25% |
| Danville, KY (FHA|USDA|VA) | 1 | $95,000 | $95,000 | $2,982 | 3.38% |
| WICHITA FALLS, TX (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,962 | 5.99% |
| Silver City, NM (FHA|USDA|VA) | 1 | $65,000 | $65,000 | $3,670 | 4.38% |
| Huntsville, TX (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $1,521 | 4.49% |
| KANKAKEE, IL (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $682 | 5.75% |
| Klamath Falls, OR (FHA|USDA|VA) | 1 | $55,000 | $55,000 | $3,713 | 7.63% |
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Product Mix
For 2022, Nova Financial & Investment Corporation's most frequently originated type of loan was Conventional, with 6,129 originations. Their 2nd most popular type was FHA, with 1,865 originations.
Loan Reason
For 2022, Nova Financial & Investment Corporation's most frequently cited loan purpose was Home Purchase, with 6,181 originations. The 2nd most popular reason was Cash Out Refi, with 2,225 originations.
Loan Duration/Length
For 2022, Nova Financial & Investment Corporation's most frequently cited loan duration was 30 Year, with 8,424 originations. The 2nd most popular length was 15 Year, with 302 originations.
Origination Fees/Closing Costs
Nova Financial & Investment Corporation's average total fees were $5,796, while their most frequently occuring range of origination fees (closing costs) were in the $<1k bucket, with 3,627 originations.
Interest Rates
During 2022, Nova Financial & Investment Corporation's average interest rate for loans was 4.78%, while their most frequently originated rate bucket for loans was 5-6%, with 2,663 originations.
Loan Sizing
2022 saw Nova Financial & Investment Corporation place emphasis on $200k-400k loans with 4,540 originations, totaling $1,331,450,000 in origination value.
Applicant Income
Nova Financial & Investment Corporation lent most frequently to those with incomes in the $50k-75k range, with 3,104 originations. The second most popular income band? $75k-100k, with 1,966 originations.
Applicant Debt to Income Ratio
Nova Financial & Investment Corporation lent most frequently to those with DTI ratios of 30-36%, with 1,304 originations. The next most common DTI ratio? 20-30%, with 1,160 originations.
Ethnicity Mix
Approval Rates
Total approvals of all applications95.25%
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 origination72.05%
Nova Financial & Investment Corporation has a below average pick rate.
Points and Fees
| Points | Originations | Total Value | Average Loan |
|---|---|---|---|
| NA | 9,037 | $2,812,905,000 | $311,265 |
Occupancy Type Mix
| Dwelling Type | Originations | Total Value | Average Loan |
|---|---|---|---|
| 9,037 | $2,812,905,000 | $311,265 |